Please find attached the Standalone and Consolidated Unaudited Results for the Quarter Ended June 30,2025
Awaiting price reaction for this filing.
Melstar Information Technologies posted zero revenue from operations for Q1 FY26, with no other income either, as the company states it is not carrying on any business during the period and is awaiting business licenses and clearances to start operations. Standalone net loss came in at Rs. 44.26 lakhs, down from Rs. 92.58 lakhs for FY25; consolidated net loss was Rs. 71.49 lakhs versus Rs. 121.18 lakhs for FY25. Standalone EPS was Rs. (1.58) and consolidated EPS was Rs. (2.56). The company went through the IBC process in 2019 and changed management, and the auditor (C K S P And Co LLP) issued a qualified conclusion, flagging the going concern assumption. The board also re-appointed M/s. S. Talwar & Associates as Secretarial Auditor for five years (FY26-FY30), subject to shareholder approval.
The stock remains a turnaround play with no current revenue and persistent losses, but the narrowing of losses versus the full-year FY25 base may draw speculative interest. Investors should note the auditor's qualified conclusion and the heavy dependence on future business licences and fund-raising for the company to sustain operations, which keeps going-concern risk elevated.