STEL Holdings Ltd

AGM Details

• Date and time: 25 September 2026, 12:00 IST.
• Mode: VC/OAVM.
• Record date: 18 September 2026.
• Total shareholders on record: 20,485.
• Voting conducted via remote e-voting and at AGM.

Key Resolutions & Voting

• Resolution 1: Adoption of financial statements passed with 99.99% in favor.
• Resolution 2: Re-appointment of Mahesh Narayanaswamy passed with 99.98% in favor.

Director Changes

• Re-appointment of Mahesh Narayanaswamy as Director on retirement by rotation.

AGM details

• AGM held on 25 Sep 2026 via VC/OAVM from 12:00 to 12:13 IST.

Attendance and process

• Remote e-voting 22–24 Sep; accessible at meeting for attendees.
• Quorum met with 44 attendees, 26 represented by proxies.

Statutory report note

• Auditors' report for FY2026 had no qualifications or adverse remarks.

Resolutions (ordinary)

• Adoption of standalone and consolidated financial statements — Ordinary; results to be announced.

Director appointment

• Re-appointment of Mahesh Narayanaswamy as director (retiring by rotation) — Ordinary; results to be announced.

Voting results

• Results to be announced within two working days; posted on company website and CDSL.

STEL Holdings Limited: Trading Window closure from October 01, 2026 until 48 hours after the declaration of Unaudited Financial Results for the second quarter and half year ending September 30, 2026

Overview & AGM

• 36th AGM on Sep 25, 2026 via VC/OAVM.
• Core Investment Company (CIC) focused on group investments.
• FY25-26 standalone revenue 2743.21 lakh; PAT 1986.44 lakh.
• Dividend not proposed for FY26.
• Debt-free balance sheet; net worth 1609.60 crore; market value of investments 1710 crore.
• EPS 10.76; strength from diversified investment portfolio.

Key financials

• Standalone EBITDA 2669.44 lakh; consolidated 2668.63 lakh.
• Dividend income 2553.18 lakh; total income 2743.21 lakh.
• EPS 10.76; YoY EPS growth 25.12%.
• RoNW 0.0123; ROCE 0.017; ROI 0.014.
• Current Ratio 27.79.

Portfolio & subsidiaries

• Single reportable segment; diversified portfolio of quoted/unquoted holdings.
• Doon Dooars Plantations Ltd is a 100% subsidiary; inactive in FY26.
• CFL Capital Financial Services Ltd under liquidation; not consolidated.
• FVOCI investments totaled 1,70,626.92 lakh.
• Dividend income from investments stood at 2,553.18 lakh.

Capital structure & liquidity

• Debt-free balance sheet; no borrowings.
• Cash and bank balances: 0.56 lakh and 237.51 lakh.
• Liquidity indicators suggest robust financial position.

Governance & risk

• Board comprises eight directors; four Independent including one Woman Director.
• Independent Directors' meeting held March 25, 2026.
• Nomination & Remuneration Committee has three members; two meetings held.
• Remuneration policy: No stock options for NEDs; independence affirmed.

Audit & compliance

• Statutory Auditor: M/s G. Joseph & Associates; Secretarial Auditor: SEP & Associates.
• Independent Auditor's Report: no material qualifications; internal controls adequate.
• Secretarial compliance: Annual Secretarial Compliance Report filed; no reservations.

Related party transactions

• PCBL warrants investment: up to Rs 33.60 crore; 25% upfront; 75% on exercise; Rs 280 per warrant.
• Approved by shareholders at EGM on Apr 25, 2024.

Shareholder information

• Top holders as of 31-03-2026: Rainbow Investments Ltd 24.50%, Instant Holdings 8.70%, Harsh Vardhan Goenka 7.82%.
• Dematerialisation: 96.42% of shares in demat form.
• Listed on BSE/NSE; ISIN INE577L01016.

Outlook & risks

• Opportunities: India's growth, digital transformation, infrastructure and energy transition support long-term value.
• Risks: macro, market, regulatory changes; liquidity management remains key.

Book Closure for AGM and E-voting

• Book closure from 19 September 2026 to 25 September 2026, both days inclusive.
• Purpose: for the 36th Annual General Meeting.
• AGM date: 25 September 2026 at 12:00 Noon via VC/OAVM.
• Cut-off date for e-voting: 18 September 2026 (eligibility for remote and AGM voting).
• Remote e-voting from 22 September 2026, 9:00 AM IST to 24 September 2026, 5:00 PM IST.
• Security: Equity shares (NSE STEL, BSE 533316).

Financial results and approvals

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026 (FY 2026-27).
• Audit Committee reviewed; independent auditors conducted limited review; no audit opinion issued.
• Consolidated results include Doon Doars Plantations Ltd; its unaudited interim results not reviewed and not material.
• Wholly owned subsidiary: Doon Doars Plantations Ltd.
• Independent auditor's review under SEBI LODR found no material misstatement.
• Company is a core investment company; no reportable segments.