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Sterling Powergensys Ltd held a Board meeting on September 4, 2025, where it approved the Board Report and Director Responsibility Statement for FY 2024-25, and took note of the Secretarial Auditor's report. The Board recommended M/s. Deepak N. Chheta as the new Secretarial Auditor for a 5-year term starting from the 40th AGM, and approved the notice, e-voting dates, and scrutinizer (M/s. Kirti Bihani & Associates) for the 40th AGM. A retiring director was recommended for re-appointment. Additionally, Mr. Rajesh Rama Swamy, a former senior banker with over 30 years at State Bank of India, was appointed as an Additional Director designated as Independent Director for a 5-year term.
Routine AGM preparation and the induction of an independent director with a strong banking and finance background are incremental corporate governance updates. This appointment slightly strengthens the board's independent oversight, though it is unlikely to materially move the stock on its own.