Melstar Information Technologies Limited has informed the Exchange about General Updates
Awaiting price reaction for this filing.
Melstar's subsidiary Melstarr Aviations Tech has received a Letter of Acceptance from AP Airports Development Corporation Limited (a Andhra Pradesh government entity) to set up and run a Flying Training Organization (FTO) at Kurnool Airport. The work is priced at ₹810 per flying hour per aircraft, excluding taxes, and the contract is domestic in nature. The company must complete initial compliance within 15 days, with the full contract term to be set after agreement signing. The total contract value has not been disclosed, as it depends on actual flying hours operated. There is no promoter or related-party interest in the awarding entity.
This is a new business win for Melstar's aviation subsidiary from a state government body, which diversifies revenue into pilot training services. However, with no disclosed total contract value, the near-term financial impact remains uncertain and depends on actual flight-hour utilization.