Meeting Details

The First Extra-Ordinary General Meeting was held on Monday, August 10, 2026, from 11:30 A.M. to 12:03 P.M. IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM) without physical attendance of members. The meeting was conducted in accordance with MCA Circulars (including latest dated September 22, 2025) and SEBI Circulars (dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, October 6, 2023, October 7, 2023, October 3, 2024, and June 5, 2025).

Business Transacted

The following three resolutions were voted on at the EGM:

1. Ordinary Resolution: To approve the re-appointment of Suhail P. Shah (DIN: 00719002) as Whole-Time Director for a period of 5 years.

2. Special Resolution: Approval for increase in limit for making investments, providing loans, giving guarantees and securities under Section 186 of the Companies Act, 2013.

3. Ordinary Resolution: To approve and ratify Material Related Party Transactions with Mr. Alok P. Shah (DIN: 00218180), Managing Director, exceeding the prescribed limits for the Financial Year 2025-26.

Voting Process

Remote e-voting commenced on August 7, 2026, at 9:00 A.M. and ended on August 9, 2026, at 5:00 P.M. The cut-off date for determining voting rights was August 1, 2026. Members who had not voted through remote e-voting could cast votes through e-voting facility during the EGM (Instapoll). Mr. Jigar Vyas (FCS No. 8019, CP No. 14468) of M/s. Jigar Vyas & Associates, Practicing Company Secretaries, Surat, was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting at the meeting.

Additional Information

The company partnered with Kfin Technologies Limited (formerly Kfin Technologies Private Limited) to provide facilities for remote e-voting, e-voting during EGM (Instapoll), and participation through VC/OAVM. The consolidated outcome of voting will be disclosed after receipt of the Scrutinizer's Report. The proceedings of the EGM are available on the company's website at www.stml.in.

Financial Impact

Financial impact of the resolutions is not quantified in the disclosure.