The Company has not authorized any director , officer , employee to collect receive any funds, consideration , or payment in their personal or private bank accounts or in any manner other ....
Awaiting price reaction for this filing.
Unistar Multimedia Ltd has issued a public caution notice warning that three individuals — Naman Bhanubhai Shah, Apurvabhai Dilipbhai Shah, and Nitesh Jagmohan Vashistha — have falsely represented themselves as Directors of the company based on disputed filings with the Registrar of Companies (ROC), without the Board's knowledge or approval. The company states these individuals hold no authority to act or transact on behalf of Unistar. Shareholders and the public are warned not to send any funds to personal or private bank accounts of any person claiming to represent the company, and to only deal through official company channels. The company has initiated corrective action with the ROC and other authorities to fix the records and protect stakeholders.
This is a governance red flag — the disputed director appointments suggest internal control and identity issues at the company that shareholders should monitor closely, as they could affect decision-making authority and investor confidence in the stock.