Storage Technologies and Automation Ltd — Board Meeting, 30-05-2025: Board Meeting

Storage Technologies and Automation Limited has announced a board meeting outcome where it confirmed full utilization of IPO funds raised (₹29.95 Cr) in line with stated objectives. It approved the financial results for the quarter and half-year, with the statutory auditors issuing unmodified opinions on both standalone and consolidated results. The board approved a dividend of ₹0.30 per equity share (3% on ₹10 face value), subject to shareholder approval. FY25 saw stable revenue growth despite industry challenges, with standalone revenue at ₹94.42 Cr (6.2% YoY) and PAT of ₹3.72 Cr, while consolidated revenue was ₹100.38 Cr (7.1% YoY) with PAT of ₹4.05 Cr. Margin compression was due to project costs and steel price volatility. Strategic moves include new sales offices in Mumbai and Delhi and export orders from the Middle East. The company projects FY26 revenue at ₹130 Cr, EBITDA margin improving to 11–13%, and PAT margin at 6–7%, targeting 20% CAGR over five years supported by automation and export growth. Internal controls and audit reports were satisfactory with no significant issues reported.