Starteck Finance Limited has informed the Exchange regarding 'Update/ Clarification on Machine Readable Form / Legible copy of Financial Results'.
STARTECK · price
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Starteck Finance has resubmitted its audited standalone and consolidated financial results for Q4 and the financial year ended March 31, 2025 in a machine-readable format, responding to an NSE request for a legible copy of the earlier filing. The Board meeting on May 27, 2025 had approved these results, with statutory auditors MKPS & Associates issuing an unqualified (clean) opinion. The Board has recommended a final dividend of Re. 0.25 per share (2.5% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM — notably, the promoter and promoter group have waived their right to receive this dividend. The Board also cleared an enabling resolution allowing the company to raise up to Rs. 1,500 Crores in future — Rs. 1,000 Crores via non-convertible debt (private placement) and Rs. 500 Crores via equity or equity-linked instruments — though no specific issue has been announced yet. Consolidated profit before tax for FY25 stood at Rs. 1,156 lakhs, down from Rs. 1,861 lakhs in FY24, while total consolidated assets grew to about Rs. 51,504 lakhs as of March 31, 2025 (from Rs. 33,186 lakhs a year earlier).
Retail shareholders will receive a small final dividend of Re. 0.25 per share, and the promoter dividend waiver is a mild signal of confidence. The Rs. 1,500 Crore enabling resolution is not an immediate fund-raise, but if the equity/convertible component is eventually used, existing shareholders face potential dilution.