Storage Technologies & Automation Limited announced the outcome of its board meeting held on March 30, 2026, where directors approved a significant related party transaction. The meeting, which commenced at 4:15 PM and concluded at 4:45 PM, addressed key business matters requiring board approval.

Board Meeting Details

The board meeting was conducted in accordance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The session was presided over by the company's leadership team and focused on critical business decisions.

Related Party Transaction Approval

The primary agenda item involved the approval of a related party transaction for entering into a sub-lease deed. The board approved the proposed sub-lease of factory premises with related parties, ensuring all regulatory compliance requirements were met.

Regulatory Compliance

The approval process followed strict adherence to regulatory frameworks. The transaction received recommendation from the Audit Committee prior to board consideration, ensuring proper governance protocols were maintained.

Key compliance aspects include:

• Section 188 of the Companies Act, 2013
• Regulation 23 of the SEBI (LODR) Regulations, 2015
• Audit Committee recommendation obtained
• Board resolution passed with due diligence

Corporate Information

The disclosure was signed by Managing Director Mohammad Arif Abdul Gaffar Dor, who digitally authenticated the document on March 30, 2026. The company operates from its registered office in Singanayakanahalli, Yelhanka Post, Bangalore, Karnataka, and specializes in racking, shelving, automation, structural solutions, and consulting services.

Storage Technologies & Automation Limited has announced a major expansion initiative following its Board of Directors meeting held on March 9, 2026. The company's board approved borrowing up to ₹16.50 crore specifically for land acquisition and factory construction purposes.

Board Meeting Details

The board meeting was conducted on March 9, 2026, commencing at 5:45 PM and concluding at 9:30 PM. The meeting was held in compliance with regulatory requirements and addressed several business items, with the borrowing approval being a key decision.

Borrowing Approval Specifics

The Board of Directors approved the borrowing under Section 179(3)(d) and other applicable provisions of the Companies Act, 2013. The approved borrowing details are as follows:

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

Company Leadership

The disclosure was signed by Mohammad Arif Abdul Gaffar Dor, Managing Director of Storage Technologies and Automation Limited, with DIN: 02943466. The digital signature was applied on March 9, 2026, at 21:40:00 +05'30'.

Business Focus

Storage Technologies and Automation Limited operates in multiple segments including racking, shelving, automation, structural solutions, and consulting services. The company is incorporated under CIN: L74900KA2010PLC052918 and is headquartered in Bangalore, Karnataka.