Starlog enterprises has strengthened its Board governance structure with the appointment of two new Independent Directors and the reconstitution of key Board committees. The Board of Directors approved these significant changes at its meeting held on January 22, 2026, demonstrating the company's commitment to enhanced corporate governance.

New Independent Director Appointments

The company has appointed two experienced professionals as Additional Non-Executive Independent Directors, both taking effect from January 23, 2026:

Professional Backgrounds

Ms. Megha Sekharan brings extensive corporate experience to the Board. She holds a Post-Graduate degree in Commerce and is qualified as both a Company Secretary and Cost Accountant, along with certification as a Social Auditor. Her professional expertise spans over 25 years in corporate governance, compliance, finance, audit, and regulatory affairs, with significant experience working with large corporate groups and listed entities.

Mr. Pratik Kabra is an associate member of the Institute of Chartered Accountants of India, contributing over five years of specialized experience in finance and taxation to the Board's expertise.

Board Committee Reconstitution

Effective January 23, 2026, the company has reconstituted three critical Board committees to incorporate the newly appointed Independent Directors:

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Governance and Compliance

Both newly appointed directors satisfy the independence criteria prescribed under the Companies Act, 2013 and the SEBI Listing Regulations. Neither director is inter-se related to any other Board member, ensuring independent oversight. Additionally, both directors are not debarred from holding directorial positions by SEBI or any other regulatory authority.

The appointments were made based on recommendations from the Nomination and Remuneration Committee, following established governance protocols. The Board meeting, which commenced at 5:15 PM IST and concluded at 5:28 PM IST, was conducted in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Starlog Enterprises Limited has announced a major contract win for its material subsidiary, with Starport Logistics Limited securing a Letter of Intent from Cemindia Projects Limited for a comprehensive tower crane lease agreement worth ₹10.80 crores.

Contract Details and Scope

The Letter of Intent, bearing reference number Cemindia/NMI02/Equipment/LOI/25-26/001, encompasses the lease rental of one tower crane with an 80MT capacity for the Adani Connex Data Centre project in Navi Mumbai. The contract value stands at ₹10,80,00,000 (excluding applicable GST) and covers a comprehensive range of services.

Service Components

The contract encompasses multiple service elements beyond the basic lease arrangement. Starport Logistics Limited will be responsible for:

• Deployment and installation of the tower crane
• Operational management throughout the lease period
• Commissioning and setup procedures
• Ongoing maintenance and technical support
• Final dismantling upon contract completion

Regulatory Compliance and Disclosures

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Key compliance aspects include:

The contract represents a domestic business arrangement with no related party implications or promoter group interests involved. The agreement falls within standard commercial terms and does not require arm's length transaction considerations.

Business Impact

This contract award demonstrates Starport Logistics Limited's capabilities in providing specialized heavy equipment solutions for major infrastructure projects. The 24-month duration provides revenue visibility for the subsidiary, while the association with the Adani Connex Data Centre project positions the company within India's expanding data centre infrastructure sector.

The Letter of Intent has been formally accepted by Starport Logistics Limited, marking the commencement of the contractual relationship with Cemindia Projects Limited for this significant tower crane lease arrangement.