The Board upon the recommendation from the Audit Committee has approved the Un-Audited Financial Results of the Company for the Quarter ended December 31, 2025. In this regard, kindly find ....
Awaiting price reaction for this filing.
Starlite Components' board approved its un-audited Q3FY26 results, with revenue from operations falling to ₹58.17 lakhs (vs ₹69.38 lakhs in Q3FY25) and nine-month revenue declining to ₹370.16 lakhs (vs ₹475.43 lakhs). Q3 profit after tax jumped to ₹59.08 lakhs from just ₹0.62 lakhs a year ago, but this was largely a fluke driven by the ending of the LED & maintenance contract with Ambernath Municipal Council on December 31, 2025, which caused sub-contracting and other expenses to reverse. The auditor (Sharp Aarth & Co LLP) drew attention to two matters: (1) the resolution plan approved by NCLT in March 2024 is still not fully implemented because the company does not meet SEBI's minimum 5% public shareholding rule, and BSE has withheld trading permission — an NCLT hearing is scheduled for March 7, 2026; (2) ongoing arbitration against AMC for recovery of unpaid contractual dues. Notably, the approved resolution plan proposes reducing existing share capital with no payout to current shareholders.
Existing shareholders are at high risk — the approved resolution plan calls for share capital extinction with no compensation. The stock remains non-tradeable on BSE until the NCLT modifies the plan for the 5% public shareholding rule. The headline profit surge is not from operational strength and should not be read as a turnaround.