MELSTARNSEMelstar Information Technologies Limited· Computers - SoftwareHighNeutral
Announced Wed, 12 Aug, 2026 · 18:16 IST
Melstar Q1 FY27 results: loss of Rs 34.49 lakh, qualified auditor opinion
Price reaction
Awaiting price reaction for this filing.
AI summary
Melstar Q1 FY27 (ended June 30, 2026): standalone loss narrowed to Rs 34.49 lakh versus Rs 44.26 lakh loss in Q1 FY26. Revenue flat at Rs 75 lakh. Consolidated loss was Rs 62.77 lakh. Auditor CKSP and Co issued a qualified conclusion citing IBC proceedings admitted in October 2019 and going concern dependency on new business plans and pending licenses. Board approved 38th AGM notice for September 8, 2026 and appointed S Talwar and Associates as secretarial auditor for five years from FY26.
Likely market impact
Qualified auditor opinion and past IBC proceedings raise going concern doubts. Losses narrowed but operations still depend on new licenses and clearances.