Enclosed
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 the previous year—a decline of about 61%. The company posted a net loss of Rs. 7.09 Lakhs compared to a loss of Rs. 4.69 Lakhs in the prior year. Total assets stand at Rs. 1,496.89 Lakhs while net worth is negative at Rs. (853.27) Lakhs. The company is emerging from Corporate Insolvency Resolution Process (CIRP) under IBC 2016; the resolution plan by Solar Copger Limited was approved by NCLT Mumbai in March 2024 but full implementation remains pending due to a 5% minimum public shareholding requirement. Trading of shares remains withheld by BSE pending NCLT approval of modifications to the resolution plan. An arbitration case against Ambernath Municipal Council for unpaid dues is also pending.
The stock faces continued suspension as BSE has withheld trading permission until the company resolves minimum public shareholding norms. The qualified auditor opinion and negative net worth signal significant financial distress despite the CIRP completion.