Starteck Finance Recommends 2.5% Dividend; Appoints New Statutory Auditors
Starteck Finance's Board approved audited financial results for FY26 and recommended a final dividend of 2.5% (Re. 0.25 per share). The Promoter group waived their dividend rights. M/s. Bagaria & Co. LLP appointed as new Statutory Auditors for five years, subject to shareholder approval at the AGM.
The dividend recommendation and auditor appointment are significant corporate actions that impact shareholders and governance, warranting a medium impact.
The recommendation of a dividend and the appointment of auditors, along with an unqualified audit report, are positive developments for the company.
Starteck Finance Limited announced the outcome of its Board Meeting held on May 13, 2026. The Board approved the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026, and the Audited Financial Results for the quarter and year ended March 31, 2026. The company's statutory auditors, MKPS & Associates, have issued an unqualified opinion on these results.
The Board recommended a final dividend of 2.5%, or Re. 0.25 per equity share of Rs. 10 face value, for the financial year ended March 31, 2026. This dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM). Notably, the Promoter and Promoter Group have waived their rights to receive this dividend.
Furthermore, the Board approved the appointment of M/s. Bagaria & Co. LLP as the new Statutory Auditors for a term of five consecutive years, starting from the conclusion of the 41st AGM until the conclusion of the 46th AGM. This re-appointment is also subject to shareholder approval at the ensuing AGM. Additionally, M/s. Sandeep V. Chavan and Co. has been re-appointed as the Internal Auditor for the Financial Year 2026-27.
What to do with a filing like this
Starteck Finance Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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