Storage Technologies and Automation Ltd

Independent Directors appointed

• Ms. Bhagya M. G appointed as non-exec independent woman director for 26 Sep 2026 to 25 Sep 2029.
• Ms. A. Harsha appointed as non-exec independent woman director for 26 Sep 2026 to 25 Sep 2029.
• Mr. Mizar Udaya Bhandary appointed as non-exec independent director for 26 Sep 2026 to 25 Sep 2029.

Whole-time Directors re-appointed

• Mr. Khasim Sait re-appointed as Whole Time Director for 02 Nov 2026 to 01 Nov 2028.
• Mr. Nuumaan Khasim re-appointed as Whole Time Director for 02 Nov 2026 to 01 Nov 2028.
• Mr. Afzal Hussain re-appointed as Whole Time Director for 02 Nov 2026 to 01 Nov 2028.
• Mr. Syed Azeem re-appointed as Whole Time Director for 02 Nov 2026 to 01 Nov 2028.

Managing Director re-appointed

• Mr. Mohammad Arif Abdul Gaffar Dor re-appointed as Managing Director for 02 Nov 2026 to 01 Nov 2028.

Executive Director / Chairman re-appointed

• Mr. Hanif Abdul Gaffar Khatri re-appointed as Chairman and Executive Director for 02 Nov 2026 to 01 Nov 2028.

Inter-relationships among directors

• Khasim Sait is father of Afzal Hussain and Nuumaan Khasim.
• Nuumaan Khasim is brother of Afzal Hussain and son of Khasim Sait.
• Afzal Hussain is brother of Nuumaan Khasim and son of Khasim Sait.
• Syed Azeem inter-se relationships: NIL.

AGM outcomes and governance changes

• AGM held on 26 September 2026; e-voting results and Scrutinizer report released.
• All resolutions 1–12 approved with requisite majorities.
• Ordinary Resolution 1: approval of standalone and consolidated FY2026 financial statements.
• Special Resolution: Bhagya M.G appointed as Non-Executive Independent Woman Director for 3 years.
• Special Resolution: A. Harsha appointed as Non-Executive Independent Woman Director for 3 years.
• Special Resolution: Mizar Udaya Bhandary appointed as Non-Executive Independent Director for 3 years.
• Special Resolution: Syed Azeem appointed as Director.
• Special Resolution: Mohammad Arif Abdulgaffar Dor re-appointed as Managing Director.
• Special Resolution: Hanif Abdul Gaffar Khatri re-appointed as Executive Director and Chairman.
• Special Resolution: Re-appointments of Khasim Sait, Nuumaan Khasim, Afzal Hussain, and Syed Azeem as Whole-time Directors.

AGM details

• Date and time: 26 September 2026, 3:00 PM IST.
• Mode: Physical meeting at Bangalore venue.
• Remote e-voting: 23–25 September 2026.
• Cut-off date for voting: 19 September 2026.
• Meeting duration: 3:00 PM to 3:50 PM IST.

Key resolutions

• Adopt standalone and consolidated financial statements for the year ended March 2026.
• Re-appoint Syed Azeem, retiring by rotation.
• Re-appoint Hanif Abdul Gaffar Khatri, retiring by rotation.
• Appoint Bhagya M.G. as Non-Executive Independent Woman Director for 3 years.
• Appoint A. Harsha as Non-Executive Independent Woman Director for 3 years.
• Appoint Mizar Udaya Bhandary as Non-Executive Independent Director for 3 years.
• Re-appoint Mohammad Arif Dor as Managing Director.
• Re-appoint Khasim Sait as Whole Time Director.
• Re-appoint Nuumaan Khasim as Whole Time Director.
• Re-appoint Afzal Hussain as Whole Time Director.
• Re-appoint Syed Azeem as Whole Time Director.
• Re-appoint Hanif Abdul Gaffar Khatri as Executive Director and Chairman.

Voting status

• Voting results not disclosed; to be announced within two working days.

Dividend

• No dividend information disclosed.

Director changes

• Appointed Bhagya M.G. as Non-Executive Independent Woman Director for 3-year term.
• Appointed A. Harsha as Non-Executive Independent Woman Director for 3 years.
• Appointed Mizar Udaya Bhandary as Non-Executive Independent Director for 3 years.
• Re-appointed Mohammad Arif Dor as Managing Director.
• Re-appointed Khasim Sait as Whole Time Director.
• Re-appointed Numaan Khasim as Whole Time Director.
• Re-appointed Afzal Hussain as Whole Time Director.
• Re-appointed Syed Azeem as Whole Time Director.
• Re-appointed Hanif Abdul Gaffar Khatri as Executive Director and Chairman.

Storage Technologies and Automation Limited trading window closed from Oct 01, 2026 for half-year ending 30.09.2026; reopen 48 hours after the Board Meeting

Financial highlights

• Consolidated revenue ₹849.70 Mn, down 15.4% YoY.
• Consolidated EBITDA ₹(6.32) Mn; margin ₹(0.74)%.
• Net loss ₹(32.75) Mn; PAT margin ₹(3.85)%.
• Gross margin 36.51% (FY25 37.28%).
• Standalone revenue ₹848.00 Mn; standalone EBITDA ₹(5.23) Mn.
• Operating cash flow from operations ₹964.32 Lakh.
• Total debt ₹14.30 Cr; long-term borrowings ₹0.34 Cr.
• Current ratio 1.81x; debt-to-equity 1.11x.
• Dividend not declared for FY26.
• Backlog ~₹35 Cr confirmed; ~₹5 Cr near-term closures.

Revenue mix & margins

• Standalone product revenue ₹8153.05 Lakh; services ₹326.99 Lakh.
• Standalone total revenue ₹8480.04 Lakh.
• Consolidated gross margin 36.51%.
• Standalone EBITDA margin −0.60%.

Cash flow & liquidity

• Consolidated CFO from operations ₹964.32 Lakh.
• Investing cash flow ₹₹390.04 Lakh outflow.
• Financing cash flow ₹₹564.46 Lakh outflow.
• Net cash decrease ₹108.60 Lakh for the year.
• Cash and cash equivalents at year-end ₹434.99 Lakh.

Capital structure & debt

• Total debt at year-end ₹14.30 Cr, down from ₹17.74 Cr.
• Long-term borrowings ₹0.34 Cr vs ₹1.27 Cr previous year.
• Current ratio 1.81x; Debt-to-equity 1.11x.
• Net debt deleveraging supported liquidity and resilience.

Backlog & outlook

• FY27 revenue growth target: >20% YoY.
• Backlog: confirmed ₹35 Cr; near-term ₹5 Cr closures possible.

Governance & board changes

• 16th AGM scheduled for 26 September 2026.
• New Independent Directors: Bhagya M G; A. Harsha; Mizar Udaya Bhandary.
• Remuneration for MD and WTDs largely ₹2.25–₹2.70 Lakh per month; MD ₹2.25 Lakh.
• Several re-appointments: MD, WTDs; term lengths around 2 years.
• Committees: Audit, Nomination & Remuneration, CSR constituted per listing norms.

CSR & ESG

• CSR expenditure ₹9.75 Lakh; average net profit ₹9.72 Lakh (2% rule).
• Projects: Anfaal, Ashiana, Taaleem, Prakruthi.
• CSR committee oversees spend and impact; audited disclosures included.

Audit & risk flags

• Auditors note gratuity insurance rule non-compliance; management exploring options.
• Past service cost from wage code recognized in P&L; review planned.
• Secretarial audit by ABM & Associates; no qualifications reported.
• Contingent liabilities: nil; no material going-concern risk flagged.

Scrutinizer appointment

• Board appointed CS Ajay Madaiah B B as e-voting scrutinizer for the 16th AGM.
• Appointment for e-voting scrutiny approved at board meeting on 1 September 2026.
• Scrutinizer Firm: ABM&Associates, Practicing Company Secretaries.
• AGM date and time: 26 September 2026, 3:00 PM.
• Purpose: ensure fair, transparent e-voting process for the AGM.

Book closure for AGM

• Book closure from 20 September 2026 to 26 September 2026 (inclusive) for AGM.
• AGM date and time: 26 September 2026 at 3:00 PM.

Governance change

• Elevation to FCS as Company Secretary & Compliance Officer effective 25 August 2026.
• New Membership No.: FCS 14273; Previous Membership No.: ACS 46064.

Dematerialisation/rematerialisation status

• No requests were received for dematerialisation or rematerialisation from 01.04.2026 to 30.04.2026.
• No requests were received for dematerialisation or rematerialisation from 01.05.2026 to 31.05.2026.
• No requests were received for dematerialisation or rematerialisation from 01.06.2026 to 30.06.2026.