Summary of the proceeding of 16th Annual General meeting held on friday 29th August.
Awaiting price reaction for this filing.
Starlit Power Systems Ltd held its 16th AGM on Friday, August 29, 2025 via video conference, running from 3:30 PM to 4:22 PM IST with 30 shareholders in attendance. Nine resolutions were moved, covering routine items like adoption of audited financial statements for FY ending March 31, 2025, director rotation, and appointment of V R S K & Associates (FRN 011199N) as the new statutory auditor. A key change was the elevation of Mukesh Sah to Executive & Managing Director, which required a special resolution. Four additional directors were regularised onto the board — Ms. Bhoomi Girish Bhadra as independent woman director, Mr. Divyesh Kishor Bhanushali and Mr. Sanjay Tulsidas Bhanushali as independent directors, and Mr. Durga Yadav as non-independent director — effectively reconstituting most of the board. No shareholders registered as speakers or asked questions during the Q&A window (Aug 26–28, 2025), and e-voting results were to be announced within two working days.
The shift to a full-time Managing Director and addition of four new directors points to a more active management push and possible strategic reset for this small-cap company. The change of statutory auditor combined with significant board churn is worth watching, though low shareholder participation (30 attendees, zero questions) suggests limited investor engagement for now.