MELSTARNSEMelstar Information Technologies Limited· Computers - SoftwareHighNeutral
Announced Wed, 12 Aug, 2026 · 18:10 IST
Melstar Q1 FY27 results: loss widens, auditor flags qualified opinion
Price reaction
Awaiting price reaction for this filing.
AI summary
Melstar posted Q1 FY27 standalone loss of Rs 34.49 lakh on revenue of Rs 75 lakh. Consolidated loss was Rs 62.77 lakh. Auditor issued a qualified conclusion citing the 2019 IBC admission and that the company is still awaiting business licenses to begin operations. Results prepared on a going concern basis. The 38th AGM is set for September 8, 2026.
Likely market impact
Continued losses, IBC legacy, and qualified audit opinion raise doubts about business revival and going concern.