Starlog Enterprises Limited informs the Exchange regarding the Scrutinizers Report and Voting Results of Annual General Meeting held on June 12, 2025.
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Starlog Enterprises held its 41st AGM on June 12, 2025 via video conferencing, with 47 shareholders attending. All 8 resolutions were passed with overwhelming support, receiving over 99.99% approval from valid votes (1,07,42,488 total valid votes). Key items approved include adoption of audited standalone and consolidated financial statements for FY25, re-appointment of Whole-time Director Edwina Dsouza, appointment of Bhattacharya Das and Co as statutory auditors, and appointment of Ritul Parmar as secretarial auditor. Two special resolutions passed were the appointment of Raj Manek as Whole-time Director and CFO, and revision of remuneration for MD & CEO Saket Agarwal. A scheme of loan to the Whole-time Director was also approved. Notably, promoter-held shares (77,11,000) were marked invalid for the MD remuneration resolution due to conflict of interest, yet the resolution still passed with 99.9997% in favour from public non-institutional votes. Public voting turnout was modest at 41.78% of non-institutional shareholding.
All governance items were approved with near-unanimous support, indicating smooth shareholder approval with no contentious issues. The new CFO appointment and MD remuneration revision formalize the company's leadership structure. The loan scheme to the Whole-time Director warrants monitoring as it represents a related-party transaction, though it was approved by independent shareholders.