Melstar Information Technologies Approves Quarter Ended June 30, 2026 Results; Details AGM Schedule and Appointments
Melstar Information Technologies Limited announced several outcomes from its Board of Directors meeting held on August 12, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026, both standalone and consolidated, along with other key corporate matters including annual general meeting (AGM) details and auditor appointments.The company also approved the 38th Board's Report for the Financial Year ended March 31, 2025.
Key Approvals and Operational Details
Outcomes from the board meeting included:- Approval of unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2026, which are accompanied by a Limited Review Report from Statutory Auditors.
- Approval of the Notice for the company's 38th Annual General Meeting, scheduled to be held on September 8, 2026, at 11:00 A.M. (IST) via Video Conferencing ('VC') or Other Audio-Visual Means ('OAVM').
- Recommendation and approval of M/s. S Talwar & Associates as the secretarial auditor for five years, commencing from FY 2025-26 until FY 2029-30, subject to shareholder approval.
- Appointment of M/s Pawan Jain & Associates, Practicing Company Secretaries, to scrutinize the entire E-voting process during the 38th Annual General Meeting.
The Board also set important deadlines for the AGM and related processes:
- August 31, 2026, is designated as the cut-off date for determining member eligibility for remote e-voting.
- The remote e-voting period is scheduled to run from September 5, 2026, at 9:00 A.M. (IST) until September 7, 2026, at 5:00 P.M. (IST).
- The company's Register of Members and Share Transfer Books will be closed from September 2, 2026, to September 8, 2026, in connection with the 38th Annual General Meeting.
Unaudited Standalone Financial Results
Melstar Information Technologies Limited released its unaudited standalone financial results for the quarter ended June 30, 2026, along with an Independent Auditor's Limited Review Report. The company noted that the results were prepared on a going concern basis due to past insolvency proceedings and subsequent changes in management aimed at cost reduction and revenue optimization.The following table details the standalone financial performance:
| PARTICULARS | June 30, 2026 Unaudited (Rs. in Lakh) | March 31, 2026 Audited (Rs. in Lakh) | June 30, 2025 Unaudited (Rs. in Lakh) | March 31, 2026 Audited (Rs. in Lakh) |
|---|---|---|---|---|
| Total revenue | 75.00 | 75.00 | - | 75.00 |
| Employee benefit expense | 1,345.00 | 14.12 | 10.90 | 66.56 |
| Depreciation and amortization expense | 0.38 | 0.09 | 0.08 | 0.33 |
| Other expenses | 20.66 | 16.07 | 33.28 | 81.82 |
| Total expenses | 34.49 | 30.28 | 44.26 | 148.71 |
| Profit before tax | (34.49) | 44.72 | (44.26) | (73.71) |
| Total Comprehensive Income for the year | (34.49) | 44.72 | (44.26) | (73.71) |
| Paid-up Equity Share Capital | 279.37 | 279.37 | 279.37 | 279.37 |
| Basic and Diluted EPS (Rs.) | (1.23) | 1.60 | (1.58) | (2.64) |
Unaudited Consolidated Financial Results
The company also presented its unaudited consolidated financial results for the quarter ended June 30, 2026. The statements include two subsidiaries: Melstarr Aviation Tech Private Limited and Melstarr Fintech Private Limited. The consolidated results were prepared on a going concern basis, reflecting ongoing efforts to improve operational efficiency.Consolidated figures show that one subsidiary reported total revenue of Rs. Nil lakhs, while another reflected a total net profit after tax of Rs. (28.28) lakhs and total comprehensive income of Rs. (28.28) lakhs for the quarter ended 30.06.2026.
The detailed consolidated financial performance is as follows:
| PARTICULARS | June 30, 2026 Unaudited (Rs. in Lakh) | March 31, 2026 Audited (Rs. in Lakh) | June 30, 2025 Unaudited (Rs. in Lakh) | March 31, 2026 Audited (Rs. in Lakh) |
|---|---|---|---|---|
| Total revenue | N/A | 75.00 | N/A | 75.00 |
| Purchase of Stock-in-Trade | 40.48 | 21.02 | N/A | N/A |
| Employee benefit expense | 33.52 | 0.09 | N/A | 160.13 |
| Total expenses | 28.87 | 24.14 | 50.39 | 0.33 |
| Other expenses | N/A | N/A | N/A | 128.48 |
| Profit before tax | (62.77) | 10.29 | (71.49) | (213.94) |
| Total Comprehensive Income for the year | (62.77) | 10.29 | (71.49) | (213.94) |
| Paid-up Equity Share Capital | N/A | N/A | N/A | N/A |
| Basic and Diluted EPS (Rs.) | (2.25) | N/A | (2.56) | (7.66) |
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