Stel Holdings Limited has informed the Exchange regarding Change in Director(s) of the company.
STEL · price
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STEL Holdings' board, at its July 24, 2025 meeting, approved unaudited Q1 FY26 (quarter ended June 30, 2025) financial results for both standalone and consolidated basis. Standalone revenue from operations rose to Rs 47.00 lakhs from Rs 38.73 lakhs a year ago, while net profit jumped to Rs 35.15 lakhs (vs Rs 8.69 lakhs), and EPS stood at Rs 0.19. Other comprehensive income was a large Rs 19,893.56 lakhs, reflecting fair-value changes in the company's investment portfolio (it operates as a Core Investment Company). The board also re-appointed Mr. Abraham Ittyipe as Wholetime Director for another five years (Aug 13, 2025 to Aug 12, 2030), subject to shareholder approval, and appointed Mr. Alok Kalani (a Non-Executive Non-Independent Director from the RP-Sanjiv Goenka Group) as Chairperson of the Board for a short tenure from July 24, 2025 to October 1, 2025. The 35th AGM will be convened as per regulatory directives.
A sharp rise in Q1 net profit and a re-appointment of the existing Wholetime Director suggest continuity in operations, while the temporary Chairperson change and large OCI swing are routine for a Core Investment Company whose earnings are driven by investment performance. Limited direct impact on shareholders, though the substantial OCI gain may lift net worth on the balance sheet.