Starteck Finance Limited ( Starteck Finance Limited ) held its 41st Annual General Meeting on September 18, 2026, where shareholders approved key resolutions including a final dividend and capital raising measures.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw the approval of audited financial statements for FY26 and the appointment of M/s. Bagaria & Co. LLP as statutory auditors.

Key Resolutions Passed

Shareholders approved eight resolutions during the meeting. The most significant operational and financial decisions included:

• Dividend Declaration: A final dividend of ₹0.25 (2.50%) per equity share of face value ₹10 each was declared for non-promoter shareholders for FY26.
• Fund Raising: Approval granted for raising funds through the further issue of securities.
• Board Appointments: Re-appointment of Mr. Amit Pitale as Director upon retirement by rotation and re-appointment of Mr. Nilesh Parikh as Independent Director.

Governance and Compliance

The meeting was chaired by Mr. Amit Pitale, Whole-time Director and Chief Financial Officer. Thirty-one members were present via VC/OAVM. The Statutory Auditors' Report and Secretarial Auditor's Report contained no qualifications or adverse remarks.

Mr. Veeraraghavan N., Practicing Company Secretary, served as the Scrutinizer for the e-voting process. Remote e-voting was conducted between September 14 and September 17, 2026.

What the Numbers Show

The declaration of a 2.50% dividend yield indicates a conservative payout approach relative to the face value, while the special resolution to raise further funds suggests the company is positioning itself for potential expansion or balance sheet strengthening in the coming fiscal period.

Starteck Finance has issued an addendum to the notice of its 41st Annual General Meeting (AGM), scheduled for September 18, 2026. The addendum, circulated electronically on September 4, 2026, proposes the re-appointment of Mr. Nilesh Parikh as an independent director for a second five-year term.

The Board of Directors approved the re-appointment via circular resolution on September 3, 2026, based on the recommendation of the Nomination and Remuneration Committee. The tenure will commence on September 6, 2026, and conclude on September 5, 2031. The resolution requires shareholder approval as a special resolution at the upcoming AGM.

Director Profile and Eligibility

Mr. Parikh, a practicing Chartered Accountant with over 23 years of experience, specializes in taxation, auditing, and financial advisory services. His expertise includes Income Tax Law, GST Law, and Maharashtra VAT Law. He was originally appointed as an independent director in September 2021 following shareholder approval at the 36th AGM.

The Nomination and Remuneration Committee evaluated his performance during his first term, citing his knowledge and contribution to the board. Mr. Parikh has confirmed his eligibility under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations. He holds no shares in the company as of March 31, 2026.

Corporate Governance Details

Mr. Parikh currently serves as a director at Oriental Rail Infrastructure Limited, where he chairs the Audit, Nomination and Remuneration, and Stakeholders and Relationship Committees. He is not related to any other directors or key managerial personnel of Starteck Finance.

The company received a nomination notice from a member under Section 160 of the Companies Act, 2013, supporting his candidature. The re-appointment is not liable to rotation. Mr. Parikh will receive sitting fees as decided by the Board for attending meetings.

AGM Logistics

The 41st AGM will be held via Video Conferencing or Other Audio-Visual Means. The addendum forms an integral part of the original AGM notice dated August 11, 2026. Remote e-voting will be open until September 17, 2026.