Out come of Board meeting
Price
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Starcom Information Technology Limited held a board meeting on September 3, 2025 and approved its 30th Annual General Meeting to be held on Monday, September 29, 2025 at 11:00 AM via video conferencing. The record date for eligibility has been fixed as September 22, 2025, and the register of members will be closed from September 22 to 29, 2025. The board approved the AGM notice, directors' report, and annual report for FY 2024-25. Key resolutions include seeking shareholder approval (special resolution) for related party transactions with its Managing Director Mr. Ziaulla Sheriff and entities linked to him, limited to INR 15 crore on an arm's length basis (likely rental/lease arrangements). The board also approved the appointment of M/s Mehul Jain & Associates as Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30, and the re-appointment of Ms. Heena Sayeeda (daughter of the MD) as director, retiring by rotation.
For shareholders, the record date of September 22, 2025 is important for AGM voting eligibility (e-voting runs from September 26 to 28, 2025). The INR 15 crore related party transaction cap with the promoter/MD is a routine governance item but worth noting given the family connection. The annual report and FY25 financial results will be tabled at the AGM — investors should review these for actual earnings and dividend decisions.