The Board of Directors of Melstar Information Technologies Limited (hereinafter referred to as 'the Company'), have at their meeting held on Saturday, the 14th day of February, 2026, interalia ....
Awaiting price reaction for this filing.
Melstar Information Technologies' Board met on 14 February 2026 and approved unaudited financial results for Q3 and nine months ended 31 December 2025. On a standalone basis, the company reported zero revenue from operations, total expenses of Rs. 20.31 lakh for the quarter, and a nine-month loss of Rs. 118.41 lakh with EPS of Rs. (4.24). On a consolidated basis (including subsidiaries Melstarr Aviation Tech and Melstarr Fintech), the nine-month loss widened to Rs. 225.28 lakh. The auditor issued a qualified review report, noting the company is awaiting business licenses and clearances to start operations after its 2019 IBC insolvency process and a subsequent change in management. The Board also appointed Ms. Rose Mary Vase as an Additional Independent Director (5-year term) and confirmed Mr. Raveendra Sangapu as Chief Financial Officer, alongside reconstituting the Audit and Nomination & Remuneration Committees.
For shareholders, the continued absence of revenue, widening losses, and IBC history make this a high-risk stock; the qualified audit opinion and dependence on yet-to-be-received licenses mean any business recovery remains uncertain. The new CFO confirmation and additional independent director bring some governance stability, but there is no near-term catalyst visible in these numbers.