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.

Starlog Enterprises Limited has disclosed the completion of postal ballot notice dispatch to shareholders, as communicated to BSE Limited under Regulation 30 and 47 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Latest Regulatory Disclosure

The company submitted its latest disclosure on March 25, 2026, confirming the completion of postal ballot notice dispatch and e-voting information to shareholders. The newspaper advertisements were published in News Hub (English Newspaper) and News Hub (Marathi Newspaper) on March 25, 2026. This follows the earlier pre-dispatch notification published on March 21, 2026.

E-Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) for providing e-voting facility to members. The e-voting period commenced on Tuesday, March 24, 2026 at 9:00 a.m. (IST) and will end on Wednesday, April 22, 2026 at 5:00 p.m. (IST). The postal ballot notice dated March 20, 2026 has been sent electronically to members whose email addresses are registered with the company.

Special Business Resolutions

The postal ballot seeks member approval for two special business resolutions related to the appointment of Independent Directors. The company proposes to appoint Ms. Megha Sekharan (DIN: 07133577) and Mr. Pratik Kabra (DIN: 10709044) as Independent Directors for a term of five consecutive years from January 23, 2026 to January 22, 2031.

Director Qualifications

Ms. Megha Sekharan is a Post-Graduate in Commerce, Company Secretary, Cost Accountant, and Certified Social Auditor with over 25 years of experience in corporate governance, compliance, finance, audit, and regulatory affairs. Mr. Pratik Kabra is an associate member of the Institute of Chartered Accountants of India with over five years of experience in finance and taxation.

Member Communication Process

The postal ballot notice has been sent electronically to members whose email addresses are registered with the company, Registrar & Transfer Agents (RTA), or Depository Participants as on Friday, March 13, 2026. The notice is also available on the company's website and on BSE Limited's website at www.bseindia.com . Members holding shares in physical form can update their email IDs by submitting Form ISR-1 to Bigshare Services Private Limited at investor@bigshareonline.com .

The scrutinizer Mr. Pravesha Palod (Membership No. A57964) will submit his report within two working days from the conclusion of the postal ballot by Friday, April 24, 2026.