Financial Performance Highlights
STEL Holdings reported strong FY26 results with 25% growth in both revenue and profitability. Standalone performance showed total income of ₹2,743.21 lakh (vs. ₹2,190.74 lakh in FY25) and net profit of ₹1,986.44 lakh (vs. ₹1,587.77 lakh in FY25), representing a 25.11% increase. Earnings Per Share reached ₹10.76 compared to ₹8.60 in FY25. The growth was primarily driven by dividend income of ₹2,553.18 lakh, which increased by 24.99% year-over-year.
Consolidated performance mirrored standalone results with total income of ₹2,743.21 lakh and profit after tax of ₹1,985.41 lakh, showing 25.12% growth. The company maintained a debt-free balance sheet with net worth of ₹1,609.60 crore and market value of investments at ₹1,710.02 crore.
Investment Portfolio Analysis
The company's investment portfolio totaled ₹170.99 crore, comprising ₹146.04 crore in quoted shares (Level 1 fair value), ₹23.89 crore in unquoted equity shares (Level 3 fair value), preference shares of ₹6.97 lakhs, mutual funds of ₹3.59 lakhs, and financial assets measured at amortized cost of ₹2.45 lakhs.
AGM Details and Voting Process
The 36th Annual General Meeting will be held on September 25, 2026, at 12:00 Noon IST through Video Conferencing without physical presence. The meeting will consider two ordinary business resolutions: adoption of FY26 financial statements and re-appointment of director Mr. Mahesh Narayanaswamy (DIN: 01449684).
Remote e-voting will be available from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM) through CDSL's platform. The company appointed Mr. M. D. Selvaraj as Scrutinizer to oversee the voting process, with results to be declared within two working days post-AGM.
Related Party Disclosures and Governance
STEL Holdings has one wholly-owned subsidiary, Doon Dooars Plantations Limited, which remained inactive during FY26 with a loss of ₹1.02 lakhs. The company also holds 48.81% in CFL Capital Financial Services Ltd, which is under liquidation since 2015.
Key material contracts include investment in 12,00,000 warrants of PCBL Chemical Limited at ₹280 per warrant (aggregating ₹33.60 crore), approved by shareholders on April 25, 2024. Remuneration to key managerial personnel included ₹2.55 lakhs to Abraham Ittyipe (Whole Time Director) and ₹3.00 lakhs to Sivarama Neelakantan Krishnan (CFO).
Risk Management and Compliance
The company maintains robust financial risk management systems covering credit risk (minimized through highly rated instruments), market risk (equity price exposure), liquidity risk (diversified saleable securities), and capital management (zero debt position).
Key compliance metrics include Capital to Risk Weighted Assets Ratio of 317.80% (FY25: 138.93%) and full compliance with SEBI regulations, Companies Act, and secretarial standards. The company confirmed no material orders from regulators/courts, adequate internal financial controls, and all related party transactions conducted at arm's length.
Additional Shareholder Information
96.42% of shares are held in dematerialized form as of March 31, 2026. No dividend was recommended for FY26 to conserve financial resources. The company operates as a Core Investment Company with primary income from dividends from group companies. Shareholders can access the annual report at https://stelholdings.com/annual-reports/ and register for email communications through their depository participants or RTA.