As per PDF attached
Awaiting price reaction for this filing.
The Board of Melstar Information Technologies met on 14 February 2026 and approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025. Standalone Q3 results showed zero revenue, total expenses of Rs. 20.31 lakh, and a net loss of Rs. 20.31 lakh (EPS of Rs. -0.73), while the nine-month loss widened to Rs. 118.41 lakh. Consolidated results were weaker, with a Q3 loss of Rs. 67 lakh and a nine-month loss of Rs. 225.28 lakh, including subsidiary losses of Rs. 105.87 lakh. The Board also appointed Ms. Rose Mary Vase as an Additional Independent Director, elevated Mr. Raveendra Sangapu from Acting CFO to full-time CFO, and reconstituted the Audit Committee and Nomination & Remuneration Committee. The auditor issued a qualified review report, flagging that the company was admitted to insolvency proceedings in October 2019 and is still awaiting business licenses and clearances before starting operations.
The company continues to report zero revenue and mounting losses both on a standalone and consolidated basis, with operations still pending the start of new business activities. Shareholders should note the qualified audit opinion, the insolvency history, and the absence of revenue, though the management changes and committee reconstitution signal ongoing restructuring efforts.