Outcome of Meeting of Board of Directors held on Tuesday, 12th August, 2025 at pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
The Board of Directors of Starlit Power Systems Limited met on Tuesday, 12th August 2025 (5:50 PM to 6:20 PM) at the registered office in New Delhi. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2025 (Q1 FY26), along with the Limited Review Report issued by statutory auditor VRSK & Associates. On a standalone basis, the company reported a loss before exceptional items and tax of Rs. 132.74 lakhs, nearly double the Rs. 66.23 lakhs loss posted in the preceding quarter (Jan–Mar 2025). Total Comprehensive Income for the quarter stood at a negative Rs. 126.92 lakhs, while paid-up equity share capital remained at Rs. 2,043.17 lakhs (face value Rs. 10). The Board also confirmed that Regulation 32 (deviation/variation in use of issue proceeds) is not applicable, as the company has not made any public, rights, or preferential issue of shares. No investor complaints were pending or received during the quarter.
Losses have widened sharply quarter-on-quarter, signaling continued operational stress and weak earnings momentum, which is a negative signal for shareholders. The filing itself is a routine quarterly compliance disclosure and is unlikely to move the stock on its own, but the weak results may attract negative attention from investors.