STL Global Limited has scheduled its 29th Annual General Meeting for Wednesday, September 30, 2026. The meeting will commence at 11:00 am and be conducted through Video Conference or Other Audio Visual Means.

Meeting Details

The company notified the National Stock Exchange of India Limited and BSE Limited regarding the publication of newspaper advertisements on August 27, 2026. These advertisements appeared in Jansatta (Hindi) and Financial Express (English) to inform shareholders of the upcoming meeting.

Governance and Compliance

The meeting is convened in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It adheres to Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025, and SEBI Master Circular No. HO/49/1414(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Shareholders will participate remotely without physical presence at a common venue. Manil Kr. Nagar, Company Secretary, signed the submission confirming these arrangements.

STL Global reported a significant widening of losses in its first quarter of FY27, with the net loss after tax expanding to ₹124.59 lakh for the quarter ended June 30, 2026. This compares to a net loss of ₹9.51 lakh in the corresponding quarter of the previous fiscal year and ₹70.41 lakh in the immediately preceding quarter (Q4FY26). The deterioration was driven by a contraction in revenue alongside persistent operational costs that exceeded income.

Revenue from operations fell 19.1% year-on-year to ₹2,031.09 lakh, down from ₹2,511.73 lakh in Q1FY26. On a sequential basis, revenue also declined slightly from ₹2,061.69 lakh in Q4FY26. Total expenses for the quarter stood at ₹2,159.59 lakh, resulting in an operating loss before exceptional items and tax of ₹124.59 lakh.

Financial Performance Breakdown

The company’s other income dropped sharply to ₹3.91 lakh from ₹66.64 lakh in the previous quarter, contributing to the lower total revenue of ₹2,035.00 lakh. Cost of materials consumed remained the largest expense head at ₹1,459.79 lakh, while employee benefits expenses were recorded at ₹246.54 lakh. Finance costs decreased marginally to ₹14.56 lakh from ₹16.27 lakh in Q4FY26.

What the Numbers Show

The widening loss is primarily attributable to the divergence between revenue contraction and expense rigidity. While revenue from operations declined nearly 20% year-on-year, total expenses fell by a smaller margin of approximately 14.5% to ₹2,159.59 lakh. This mismatch indicates that fixed cost components or slower reduction in variable costs relative to sales volume are pressuring margins further. Additionally, the sharp drop in other income from ₹66.64 lakh to ₹3.91 lakh sequentially removed a buffer that had previously helped mitigate operational losses in Q4FY26.

Corporate Actions

In its meeting held on August 13, 2026, the Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report from statutory auditors M.M. Goyal & Co. The Board also approved the Director’s Report on Annual Accounts for FY26.

Key corporate governance updates include:

• The 29th Annual General Meeting (AGM) will be held on September 30, 2026, at 11:00 am via video conference/other audio-visual means.
• The cut-off date for e-voting is set as September 23, 2026.
• The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026.
• Mr. Vijay Bahadur of M/s Vijay Mourya & Associates has been appointed as the scrutinizer for the e-voting process.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE353H01010/192415b5-f77f-47ec-b927-26b86cb759af.pdf