Starlog Enterprises Limited has announced the resignation of Mrs. Edwina Dsouza from her position as Whole-Time Director and Key Managerial Personnel, effective May 17, 2026. The resignation was submitted on April 18, 2026, citing personal reasons as the primary factor behind her decision to step down from the board.

Resignation Details

Mrs. Edwina Dsouza, holding Director Identification Number (DIN) 09532802, formally tendered her resignation through a letter dated April 18, 2026. The resignation follows a standard 30-day notice period, making the effective date May 17, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to BSE Limited, where the company's scrip is listed under code 520155.

In her resignation letter addressed to the Board of Directors, Mrs. Dsouza expressed gratitude to her fellow board members for their support and cooperation during her tenure. She specifically confirmed that there are no material reasons for her resignation beyond the personal reasons mentioned in her letter.

Corporate Governance Impact

The resignation represents a change in the company's key managerial personnel structure. As a Whole-Time Director, Mrs. Dsouza held a significant executive position within the organization's leadership framework. The company will need to consider succession planning and potential replacement to maintain its board composition and operational continuity.

Starlog Enterprises Limited, incorporated in 1983 and headquartered in Mumbai, operates under CIN L63010MH1983PLC031578. The company's registered office is located at 501, Sukh Sagar, N. S. Patkar Marg, Mumbai – 400007, Maharashtra. Following standard corporate governance practices, the company has requested BSE Limited to take the resignation disclosure on record and will proceed with necessary statutory filings with the Registrar of Companies.

Starlog enterprises has secured a significant legal victory as the Calcutta High Court Division Bench restored an arbitration award worth approximately ₹9.02 crore in favour of its material subsidiary, Starlift Services Private Limited. The court order, received on April 14, 2026, marks the end of a prolonged legal battle spanning over a decade.

Court Ruling Details

The Division Bench of the Hon'ble High Court at Calcutta delivered its order on April 9, 2026, in APO No. 48 of 2021, ruling that the previous Single Judge order was passed without jurisdiction and constituted a nullity. The court accordingly set aside the December 24, 2020 order that had originally nullified the arbitration award.

Legal Timeline and Background

The arbitration award was originally passed on April 18, 2011, by a Sole Arbitrator who awarded the principal amount of approximately ₹9.02 crore along with interest in favour of Starlift Services. The arbitrator also rejected counter-claims raised by Syama Prasad Mookerjee Port, Kolkata, formerly known as Kolkata Port Trust.

Subsequently, the port authority challenged the arbitration award under Section 34 of the Arbitration and Conciliation Act, 1996. The Single Judge of the Hon'ble High Court at Calcutta's Non-Commercial Division set aside the arbitration award through an order dated December 24, 2020.

Appeal and Final Resolution

Starlift Services filed an appeal against the December 24, 2020 order under Section 37 of the Arbitration and Conciliation Act, 1996, before the Division Bench of the Calcutta High Court. The Division Bench's recent ruling has now vindicated the subsidiary's position by:

• Declaring the Single Bench order as without jurisdiction
• Setting aside the December 24, 2020 order
• Restoring the original arbitration award in Starlift's favour

Company Response and Financial Impact

Starlog Enterprises has indicated that it continues to evaluate the matter and will take appropriate steps in accordance with law. In its regulatory filing, the company stated that no immediate financial implications are expected from this development.

The company has made the necessary disclosures to the stock exchange under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full transparency with stakeholders regarding this significant legal development.