Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company had at its meeting held on 11th November 2025, ....
Awaiting price reaction for this filing.
Melstar Information Technologies' board, at its meeting on 11 November 2025, approved the unaudited standalone and consolidated results for Q2 and H1 FY26. The company reported zero revenue from operations on both standalone and consolidated bases. Standalone loss before tax widened sharply to Rs. 53.84 lakh in Q2 FY26 from Rs. 6.88 lakh a year ago, with H1 FY26 loss at Rs. 98.10 lakh. Consolidated H1 FY26 loss was Rs. 157.21 lakh, including losses of Rs. 59.11 lakh from two subsidiaries (Melstarr Aviation Tech and Melstarr Fintech). Short-term borrowings jumped from Rs. 288.17 lakh (March 2025) to Rs. 708.59 lakh on a standalone basis. The auditor, CKSP & Co LLP, issued a 'Qualified Conclusion' flagging a going concern issue, noting the company is still awaiting business licences and clearances to start operations after the 2019 IBC admission and subsequent management change.
Negative for shareholders — continued losses with no revenue, rising debt (now exceeding equity on a consolidated basis), negative operating cash flows, and a qualified auditor report with a going concern flag signal deep operational and financial stress. The stock is likely to see a weak reaction.