Storage Technologies & Automation Limited Expands Presence with New Bangalore Branch

1 min read     Updated on 13 Oct 2025, 11:09 AM
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Reviewed by
Shriram ShekharScanX News Team
Overview

Storage Technologies & Automation Limited (STAL) has opened a new branch office in Bangalore on October 13, 2025. The office is located on the fifth floor of Shah Sultan Complex at No. 17/1-19 and 17/1-20, Ali Asker Road, Bangalore 560 052. STAL has informed BSE Limited about this development in compliance with SEBI regulations. This expansion into India's Silicon Valley could potentially strengthen STAL's presence in a key technology hub.

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*this image is generated using AI for illustrative purposes only.

Storage Technologies & Automation Limited (STAL) has announced the opening of a new branch office in Bangalore as part of its strategic expansion efforts. The announcement was made by the company's Managing Director, Mohammad Arif Abdul Gaffar Dor.

Branch Location and Details

The new branch office, which commenced operations on October 13, 2025, is situated on the fifth floor of Shah Sultan Complex. The precise location is:

Detail Information
Address No. 17/1-19 and 17/1-20, Ali Asker Road
City Bangalore
Pin Code 560 052
Floor Fifth
Building Shah Sultan Complex

Regulatory Compliance

In adherence to regulatory requirements, STAL has duly informed the BSE Limited about this development. The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed entities to disclose material events to the stock exchanges.

Strategic Implications

The opening of this new branch office in Bangalore, often referred to as India's Silicon Valley, could potentially signify STAL's intent to strengthen its presence in a key technology hub. This move may allow the company to tap into the city's rich talent pool and expand its customer base in the region.

While the company has not disclosed specific details about the operations or objectives of this new branch, such expansions are typically aimed at enhancing market reach, improving customer service, or facilitating business growth in the target region.

Investors and stakeholders may want to keep an eye on future announcements from Storage Technologies & Automation Limited to understand the impact of this expansion on the company's operations and financial performance.

Historical Stock Returns for Storage Technologies & Automation

1 Day5 Days1 Month6 Months1 Year5 Years
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Storage Technologies & Automation Limited Expands into UAE with New Subsidiary

1 min read     Updated on 22 Sept 2025, 03:55 PM
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Reviewed by
Riya DeyScanX News Team
Overview

Storage Technologies & Automation Limited has incorporated a wholly owned subsidiary, Racks and Rollers FZ LLC, in the United Arab Emirates on September 19, 2025. The new entity, with a share capital of 100,000 AED, will focus on designing storage racking systems, manufacturing automated warehouses, and installing storage solutions. This move aligns with the company's international expansion strategy and core competencies. The company has informed the Bombay Stock Exchange about this development in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Storage Technologies & Automation Limited (BSE: 544171), a leader in storage solutions, has announced the incorporation of a wholly owned subsidiary in the United Arab Emirates. The new entity, named Racks and Rollers FZ LLC, was established on September 19, 2025, marking a significant step in the company's international expansion strategy.

Key Details of the New Subsidiary

  • Name: Racks and Rollers FZ LLC
  • Location: United Arab Emirates
  • Share Capital: 100,000.00 AED
  • Ownership: 100% held by Storage Technologies & Automation Limited

Business Focus

Racks and Rollers FZ LLC will operate in the following areas:

  • Designing storage racking systems
  • Manufacturing automated warehouses
  • Installing various storage solutions

This move aligns with Storage Technologies & Automation Limited's core competencies, potentially strengthening its position in the Middle Eastern market.

Regulatory Compliance

The company has duly informed the Bombay Stock Exchange about this development, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official intimation was made on September 22, 2025, following the receipt of incorporation information from the company's consultant.

Management Statement

Mohammad Arif Abdul Gaffar Dor, Managing Director of Storage Technologies & Automation Limited, signed the regulatory filing, underlining the strategic importance of this new subsidiary.

Market Implications

The establishment of Racks and Rollers FZ LLC represents Storage Technologies & Automation Limited's commitment to global expansion and diversification of its operational base.

Investors and market watchers will likely keep a close eye on how this UAE subsidiary contributes to the parent company's growth and market presence in the coming quarters.

For more information, stakeholders can visit the company's website at www.racksandrollers.com , where this announcement will also be hosted.

Note: This article is based on the company's regulatory filing and does not include any forward-looking statements or financial projections.

Historical Stock Returns for Storage Technologies & Automation

1 Day5 Days1 Month6 Months1 Year5 Years
-7.02%-8.42%-9.53%-36.15%-49.55%-56.32%
Storage Technologies & Automation
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