Unistar Multimedia Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/10/2025 ,inter alia, to consider and approve -Unaudited Financial Results ....
Awaiting price reaction for this filing.
Unistar Multimedia has called a board meeting on October 13, 2025, to approve its Q2 FY26 unaudited financial results (period ended September 30, 2025). The board will also consider forming a new subsidiary called 'Arzani India Private Limited' to expand its Data Center business in Uttarakhand, based on an MoU with the state government. Several governance matters are on the agenda, including the appointment of a new Statutory Auditor, Internal Auditor, and Company Secretary, and the appointment of a new Managing Director to replace the outgoing Ms. Alka Rajendra Mehta. The board will also seek legal opinion on the alleged illegal or fraudulent appointment of three directors and address share forfeiture issues linked to a swap deal with Du Point Loyalty Distributions Pvt. Ltd.
The data center subsidiary expansion could be a positive growth signal, but the filing highlights serious governance red flags — pending ROC/BSE compliances, questionable director appointments, auditor irregularities, and unresolved share swap issues — which may increase uncertainty and risk for shareholders in the near term.