STL Global Limited disclosed the voting results of its 29th Annual General Meeting held on September 30, 2026. Members approved all four resolutions with the requisite majority, including the adoption of FY26 financial statements and director appointments.

The meeting was conducted virtually via Video Conference and Other Audio-Visual Means (OAVM). The results were submitted to stock exchanges pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015, and Sections 108 and 109 of the Companies Act, 2013.

Voting outcomes by resolution

The company reported detailed voting data for each agenda item. For the adoption of audited financial statements, directors' report, and auditors' report for FY26, 99.9996% of votes polled were in favour. Only 65 votes were cast against this resolution out of 18,061,724 total valid votes.

Similarly, the retirement by rotation of Armaan Aggarwal (Executive Director) and the continuation of Sanjiv Kumar Agarwal as Whole Time Director beyond age 70 received identical support levels. In both cases, promoters and promoter group voted 100% in favour, while public non-institutional shareholders recorded a 99.2899% approval rate.

Related party transaction details

The fourth resolution concerned material related party transactions between STL Global Limited and Shyam Tex Exports Limited. Unlike the other resolutions, promoters and promoter group abstained from voting on this item due to their interest in the transaction. Consequently, the voting base was restricted to public shareholders.

Public non-institutional shareholders held 9,399,909 shares but voted only 9,153 shares. Of these, 9,088 votes were in favour and 65 were against, resulting in a 99.2899% approval rate. Public institutions did not cast any votes on this resolution.

Governance and process compliance

Mr. Vinod Kumar Aggarwal chaired the meeting, while Whole-Time Director Sanjiv Kumar Agarwal addressed members on financial performance. The scrutinizer's report was provided by Vijay Mourya & Associates. Remote e-voting remained open from September 27 to September 29, 2026.

A total of 14,553 shareholders were on the record date. Among those participating through VC/OAVM, 4 belonged to the promoter group and 65 were public shareholders. The company confirmed that all resolutions passed with the requisite majority under the Companies Act, 2013.

STL Global has scheduled its 29th Annual General Meeting (AGM) for September 30, 2026, to approve material related-party transactions and adopt its FY26 financial results. The meeting will also address the re-appointment of retiring director Mr. Armaan Aggarwal and the continuation of Whole Time Director Mr. Sanjiv Kumar Agarwal past age 70.

Related Party Transactions

The most significant special business item involves seeking shareholder approval for material related-party transactions (RPTs) with Shyam Tex Exports Limited. The company proposes to enter into sale and job-work transactions aggregating up to ₹60 crore during FY27.

According to the explanatory statement, these transactions are conducted in the ordinary course of business at arm’s length. Shyam Tex Exports is classified as a related party because its directors are relatives of STL Global’s managing director and executive director. Last year, transactions with the entity totaled ₹55.51 crore. For the current financial year, up to the quarter preceding this approval, transactions have reached ₹10.36 crore.

The proposed limit represents 59.40% of STL Global’s annual consolidated turnover from the preceding financial year. The Audit Committee has reviewed the pricing basis and confirmed that no valuation report was required given the arm’s-length nature of the deals.

FY26 Financial Results

STL Global reported a total revenue of ₹10,225.46 lakh for FY26, down from ₹11,072.51 lakh in FY25. The company recorded a net loss of ₹21.55 lakh after tax, a significant improvement from the ₹65.68 lakh loss reported in the previous year.

The reduction in loss was driven by disciplined cost management and lower finance costs, which declined to ₹74.63 lakh from ₹102.44 lakh in FY25. Other income rose to ₹74.71 lakh, aided partly by gains on the sale of property, plant, and equipment. Non-current borrowings decreased by 17.9% to ₹1,257.30 lakh.

Board Appointments

Shareholders will vote on the re-appointment of Mr. Armaan Aggarwal as a director. He retires by rotation and is eligible for re-election. Mr. Aggarwal holds a Bachelor of Arts in Economics from UC Berkeley and has served as an Executive Director for three years, focusing on strategic initiatives in textile operations.

Additionally, members will decide on the continuation of Mr. Sanjiv Kumar Agarwal as Whole Time Director. He will attain the age of 70 years on November 7, 2026. Under Section 196(3)(a) of the Companies Act, 2013, continuing his appointment requires a special resolution. The Nomination & Remuneration Committee recommends his retention without changes to existing remuneration, citing his over 45 years of experience in legal and policy matters.

Meeting Logistics

The AGM will be conducted through Video Conference or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs circulars. Remote e-voting will be open from September 27, 2026, at 9:00 am until September 29, 2026, at 5:00 pm. The register of members will remain closed from September 24 to September 30, 2026.