Un-audited Results
Awaiting price reaction for this filing.
Starlite Components submitted its unaudited results for Q2 FY26 and the half year ended September 30, 2025, approved by the board on November 12, 2025. Revenue from operations for H1 FY26 stood at Rs. 133.77 lakhs, down sharply from Rs. 226.41 lakhs in H1 FY25 (roughly a 41% decline), while Q2 standalone revenue rose modestly to Rs. 69.32 lakhs from Rs. 64.38 lakhs. The company swung to a small Q2 profit of Rs. 0.62 lakhs, but H1 FY26 PAT remained negative at Rs. (2.78) lakhs. Auditor Sharp Aarth & Co LLP gave an unqualified review but flagged two emphasis-of-matter issues: (a) implementation of the IBC resolution plan (approved by NCLT in March 2024) is stuck because the company doesn't meet SEBI's 5% minimum public shareholding rule, with an application pending before NCLT (next hearing December 12, 2025); and (b) ongoing arbitration against Ambernath Municipal Council to recover unpaid dues. BSE has withheld trading permission for the stock because of the shareholding issue.
Shareholders should note negative book equity of Rs. (47.01) lakhs against Rs. 160 lakhs of borrowings, continued losses, and negative operating cash flow. Under the approved resolution plan, existing share capital is to be wiped out with no payout, and stock trading remains suspended by BSE until the shareholding matter is resolved.