Outcome of meeting of board of directors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI LODR Regulations')
Awaiting price reaction for this filing.
Starlit Power Systems Ltd held a board meeting on August 5, 2025, and approved multiple items in a 25-minute session. The 16th Annual General Meeting (AGM) has been scheduled for Friday, August 29, 2025, at 1:00 PM via video conferencing for FY 2024-25, with August 22, 2025 set as the e-voting cut-off date. The board approved the Board Report for the year ended March 31, 2025, and appointed M/s Parul Agrawal & Associates as the scrutinizer for the e-voting process. Several leadership changes were announced: Mukesh Sah was redesignated from Non-Executive Director to Executive & Managing Director; Sanjay Tulsidas Bhanushali and Durga Yadav were appointed as additional directors (one independent, one non-independent); and Pradeep Kumar Sharma was appointed as Chief Financial Officer. Additionally, Babita & Associates was named Secretarial Auditor for one year and Piyush Jain as Internal Auditor for five years.
The filing signals a significant management overhaul, including a new Managing Director, CFO, and expanded board, all subject to shareholder approval at the August 29 AGM. Retail investors should review the Board Report and vote on these resolutions, as the leadership changes could shape the company's direction going forward.