Storage Technologies and Automation Ltd — Important, 27-09-2025: Company Update

The company's shareholders at its 15th Annual General Meeting re-approved four Independent Directors: Mr. Sreenivasan Ramakrishnan, Mr. Fayaz Gangjee, Mr. Arthur Denzlin Hirenallur Girishappa, and Ms. Japna Choudhary. Their re-appointment is for another one-year term, ensuring continuity in independent oversight. Additionally, MSSV & Co. has been appointed as the new Statutory Auditors for a five-year period, replacing the previous auditors whose term concluded. This change in auditors, along with the re-appointment of directors, reinforces the company's commitment to robust financial governance and independent board structure, which is positive for investor confidence.