Storage Technologies and Automation Limited has announced several key changes in its management and board structure, effective from September 26, 2026. These include re-appointments of existing directors, appointment of new independent directors, and the confirmation of Chief Executive Officer and Managing Director roles. The company is also confirming the re-appointment of its Secretarial and Internal Auditors for the upcoming financial year.
Board and Management Restructuring
Storage Technologies and Automation Limited has recommended and approved several significant changes to its board of directors and key managerial positions. These decisions, based on recommendations from the Nomination and Remuneration Committee, are slated to take effect at the upcoming Annual General Meeting, with most new terms commencing from September 26, 2026.
Director Re-appointments and Appointments
The following directors, who are due for retirement by rotation, have been recommended for re-appointment: Mr. Syed Azeem (DIN:07532528) and Mr. Hanif Abdul Gaffar Khatri (DIN:06396115).
Furthermore, three new non-executive independent directors have been recommended for appointment for a term of three years, commencing September 26, 2026 to September 25, 2029: Ms. Bhagya M.G. (DIN:11900200), Ms. A. Harsha (DIN:11888415), and Mr. Mizar Udaya Bhandary (DIN:10043675).
For Whole Time Directors and Key Managerial Persons, re-appointments have been recommended for a three-year term from September 26, 2026 to September 25, 2029. This includes Mr. Khasim Sait, Mr. Numaan Khasim, Mr. Afzal Hussain, and Mr. Syed Azeem.
Key Leadership Roles Confirmed
Mr. Syed Azeem (DIN:07532528) has been approved to serve as the Chief Executive Officer and Key Managerial Person for a two-year term, effective from November 02, 2026 to November 01, 2028.
Mr. Mohammad Arif Abdulgaffar Dor (02943466) has been recommended for re-appointment as Managing Director and Key Managerial Person for a two-year term from November 02, 2026 to November 01, 2028.
Additionally, Mr. Hanif Abdul Gaffar Khatri (06396115) is recommended for re-appointment as Executive Director and Chairman for a two-year term from September 26, 2026 to September 25, 2028.
Professional Services Appointments
The Board has also approved the appointment of Mr. Sk Samim Riaz as the Chief Finance Officer and Key Managerial Person, effective November 02, 2026.
For the financial year 2026-27, M/S ABM & Associates have been approved as Secretarial Auditors, and M/s MUV & Co are proposed as Internal Auditors.
Source: BSE
