As per PDF attached
Awaiting price reaction for this filing.
Melstar Information Technologies reported its unaudited Q3 FY26 (Dec 2025) results, showing zero revenue from operations for yet another quarter — the company is essentially not conducting any business. On a standalone basis, the company posted a loss of Rs. 20.31 lakh in Q3 FY26 (vs Rs. 23.07 lakh loss in Q3 FY25), with 9M FY26 loss widening sharply to Rs. 118.41 lakh from Rs. 29.95 lakh a year ago. Consolidated losses were even steeper at Rs. 67 lakh for the quarter and Rs. 225.28 lakh for 9M FY26, dragged by its two subsidiaries (Melstarr Aviation Tech and Melstarr Fintech). The auditor issued a qualified conclusion, flagging that the company went through the IBC insolvency process (admitted in Oct 2019), changed management, and is still awaiting business licenses to commence operations. The board also appointed a new Independent Director (Ms. Rose Mary Vase), confirmed Mr. Raveendra Sangapu as permanent CFO, and reconstituted its Audit and Nomination & Remuneration Committees.
Shareholders should note this is a non-operating company with zero revenue, deepening losses, and an ongoing going concern risk tied to its IBC history — any stock price reaction will likely hinge on whether it secures the awaited business licenses and starts generating actual income. The corporate governance changes (new independent director and permanent CFO) are routine but don't address the core business viability concern flagged by auditors.