Key Quantitative Figures & Dates

  • Cut-off date for determining shareholders eligible to vote: October 30, 2026.
  • Remote e-voting period: Commences on Tuesday, November 03, 2026, at 9:00 a.m. (IST) and concludes on Wednesday, December 02, 2026, at 5:00 p.m. (IST).
  • Result declaration: The results of the Postal Ballot will be declared within two working days of the conclusion of the voting period (i.e., by December 06, 2026).

Parties Involved

  • Regulators: BSE Limited, National Stock Exchange of India Ltd., SEBI, Ministry of Corporate Affairs (MCA), Registrar of Companies (ROC)
  • Service Providers: Bigshare Services Private Limited (Remote e-voting agency); M/s. Pawan Jain & Associates (Scrutinizer)
  • Key Personnel: Vineet Goverdhan Shah, Managing Director (DIN: 01761772)

Purpose & Rationale

The Postal Ballot contains four items of special business requiring shareholder approval via Special Resolution:

1. Change of Name and Constitutional Amendments: To approve changing the company name from "Melstar Information Technologies Limited" to "Melstarr Aerospaces and Technologies Limited". The stated rationale is to reflect the company's intention to diversify its current business and venture into the aviation and aerospace industry. This diversification is proposed to encompass air transport services, cargo, charter operations, aircraft leasing, Maintenance, Repair, and Overhaul (MRO) facilities, and other allied aviation services. The change is subject to ROC approval and will only be effective upon issuance of a fresh Certificate of Incorporation.

2. Amendment in Objects Clause (MOA): To approve the insertion of new sub-clauses (3 to 8) under the Main Objects clause of the Memorandum of Association (MOA). These new objects explicitly permit the company to conduct aviation and aerospace business, including establishing air transport services, acquiring aircraft, operating MRO facilities, and providing ground handling and aviation consultancy services.

3. Alteration/Substitution of MOA: To approve adopting a new set of Memorandum of Association primarily based on Table 'A' of Schedule I to the Companies Act, 2013, replacing the existing MOA based on the Companies Act, 1956. This is intended to align the company's constitution with the current law.

4. Adoption of New Articles of Association (AOA): To approve adopting a new set of Articles of Association primarily based on Table 'F' of Schedule I to the Companies Act, 2013, replacing the existing AOA based on the Companies Act, 1956, for the same reason of regulatory alignment.

Financial & Operational Impact

  • The disclosure explicitly states that the proposed name change "would not result in change of the legal status, constitution, nor would it affect any rights or obligations of the Company or the members and stakeholders."
  • A Practicing Chartered Accountant's certificate (from C K S P AND CO LLP) is included, which confirms that the company has not changed its name in the preceding one year. Crucially, it also states that the company has not yet ventured into or generated any revenue from the new aviation activity, nor has it invested any amount in it. This indicates the diversification is a future strategic intent rather than a current operational reality.
  • The company's recent revenue (from Sept 2025 to Sept 2026) was solely from its existing IT business: ₹75 lakhs in Q3 FY26 and ₹150 lakhs in Q2 FY27, with no revenue in Q1 FY26 and Q1 FY27.

Capital Structure Impact

No impact on the capital structure, share capital, or promoter holding is mentioned or implied by the proposed resolutions. The changes are related to the company's name and governing documents.

Governance & Voting Process

  • The Board approved the proposals in meetings held on October 19 and October 30, 2026.
  • The ROC has provided a name availability letter for "Melstarr Aerospaces and Technologies Limited" dated October 29, 2026.
  • The notice is being sent electronically only to members whose email addresses are registered as of the cut-off date.
  • The Scrutinizer, M/s. Pawan Jain & Associates, will scrutinize the e-voting process and submit a report.
  • The resolutions, if passed, will be deemed effective on the last date of e-voting, December 02, 2026.

Forward-Looking Statements

The document contains forward-looking statements regarding the company's intent to diversify into the aviation and aerospace sector, subject to receiving necessary shareholder, regulatory, and governmental approvals and licenses.