Audited Financial Result For Quarter And Year Ended On March 31, 2026.
Awaiting price reaction for this filing.
Starlite Components Ltd reported revenue of Rs. 186.32 Lakhs for FY26, down significantly from Rs. 475.43 Lakhs in FY25. The company posted a net loss of Rs. 7.09 Lakhs (EPS: -0.04), compared to a loss of Rs. 4.89 Lakhs in the prior year. The company underwent Corporate Insolvency Resolution Process (CIRP) under IBC 2016, with its resolution plan approved by NCLT on March 14, 2024. However, full implementation remains pending as the company needs to modify the plan to comply with SEBI's minimum 5% public shareholding requirement, for which an interlocutory application is pending before NCLT. The auditor issued a Qualified Opinion citing the unresolved shareholding compliance issue. Negative operating cash flow of Rs. 32.45 Lakhs was reported for the year.
The company continues to face financial stress with declining revenues, persistent losses, and negative net worth of Rs. 353.12 Lakhs. The pending resolution plan implementation and qualified audit opinion signal continued uncertainty for shareholders, with trading suspended until regulatory compliance is achieved.