STL Global Limited concluded its 29th Annual General Meeting on September 30, 2026, with members approving the audited financial statements for the fiscal year ended March 31, 2026. The meeting was conducted virtually in compliance with regulatory guidelines.

The company adopted the Directors' Report and Auditors' Report alongside the financial statements. This marks the formal ratification of the company's performance and governance disclosures for FY26.

Key resolutions passed

Members considered four key resolutions during the session. The agenda included routine adoption of accounts and specific personnel matters regarding director tenures and related party transactions.

Governance and voting process

The AGM was held through Video Conference and Other Audio-Visual Means (OAVM) pursuant to MCA and SEBI circulars. Mr. Vinod Kumar Aggarwal chaired the meeting, while Whole-Time Director Sanjiv Kumar Agarwal addressed members on financial performance and future outlook.

Remote e-voting was available from September 27 to September 29, 2026. Mr. Vijay Bahadur Mourya served as the scrutinizer for the voting process. The results of the voting will be announced upon receipt of the scrutinizer's report and submitted to stock exchanges within 48 hours.

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.