Please find enclosed notice of AGM
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Sterling Powergensys Ltd has notified the 40th AGM of members for FY 2024-25, scheduled for Saturday, 27th September 2025 at 4:00 PM in Ghatkopar (West), Mumbai. Shareholders will vote on five items: (1) adoption of audited financial statements for FY ending March 2025, (2) re-appointment of Executive Director Mr. Navinchandra Joshi (who retires by rotation), (3) appointment of M/s. Deepak N. Chheta as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30), (4) regularisation of Mr. Nishant Rao Tamapa as Executive Director with a maximum salary of Rs.12 lakh per annum, and (5) appointment of Mr. Rajesh Rama Swamy as Non-Executive Independent Director for a 5-year term. The company's FY2024-25 results show gross revenue of Rs.12.60 crore (up from Rs.6.88 crore), but profit after tax fell sharply to Rs.18.89 lakh from Rs.2.83 crore in the previous year, with EPS dropping from Rs.5.56 to Rs.0.36. E-voting will be open from September 24 to September 26, 2025, with the cut-off date set as September 20, 2025.
This is a routine AGM notice with no major corporate actions like fundraising, M&A, or dividend changes. The sharp drop in profitability despite higher revenue (EPS falling from Rs.5.56 to Rs.0.36) is a point worth tracking for shareholders, though no direct action is being sought at this AGM beyond standard board appointments and approval of accounts.