Starlog Enterprises Limited hereby inform you that the Board of Directors, at its meeting held today i.e., Wednesday, May 27, 2026, inter-alia, considered and approved Investment aggregating ....
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Starlog Enterprises reported a massive turnaround from profit to loss in FY26. Standalone revenue declined 36% to Rs 769.70 lakhs from Rs 1,199.16 lakhs, while consolidated revenue fell 28.5% to Rs 986.90 lakhs. The company reported a standalone net loss of Rs 864.79 lakhs versus profit of Rs 2,706.37 lakhs in FY25, and consolidated net loss of Rs 1,343.76 lakhs versus profit of Rs 2,607.61 lakhs. The Board approved investments of up to Rs 5 crore into Starport Logistics Limited and Rs 1.60 crore into Kandla Container Terminal Private Limited. Auditors issued unmodified opinions but flagged multiple concerns including a disputed Rs 6,627.20 lakh Recovery Certificate from Axis Bank (sub-judice), discrepancy in shareholding records of South West Port Limited (company shows 26% vs SWPL's 10%), and overdue CCPS conversion since 2016.
The company swung from profit to significant losses with 36% revenue decline. Multiple legal disputes and contingent liabilities (especially the Rs 66+ crore Recovery Certificate) pose material risks to shareholders. While auditors gave clean opinions, the emphasis of matter items indicate potential balance sheet and ownership complications.