Key Quantitative Figures

Standalone Financial Results (₹ lakhs):

  • Quarter Ended Sep 30, 2026: Revenue ₹150.00, Profit Before Tax ₹124.99, Net Profit ₹124.99
  • Half Year Ended Sep 30, 2026: Revenue ₹150.00, Profit Before Tax ₹90.49, Net Profit ₹90.49
  • Comparative Previous Period (Half Year Sep 30, 2025): Loss of ₹(98.10)
  • Earnings Per Share: Q2 ₹4.47 (basic & diluted, not annualized), Half Year ₹3.24
  • Paid-up Equity Capital: ₹279.37 lakhs (Face value ₹10 per share)

Consolidated Financial Results (₹ lakhs):

  • Quarter Ended Sep 30, 2026: Revenue ₹150.00, Profit Before Tax ₹86.96, Net Profit ₹86.96
  • Half Year Ended Sep 30, 2026: Revenue ₹150.00, Profit Before Tax ₹24.35, Net Profit ₹24.35
  • Comparative Previous Period (Half Year Sep 30, 2025): Loss of ₹(157.21)
  • Earnings Per Share: Q2 ₹3.11 (basic & diluted, not annualized), Half Year ₹0.87

Standalone Balance Sheet (as at Sep 30, 2026, ₹ lakhs):

  • Total Assets: ₹1,773.71 (Previous: ₹1,382.53 as at Mar 31, 2026)
  • Non-Current Assets: ₹323.55 (Includes Investments ₹310.00, Property Plant & Equipment ₹13.55)
  • Current Assets: ₹1,450.16 (Includes Loans & Deposits ₹1,217.41, Trade Receivables ₹221.47, Cash ₹4.48)
  • Equity: ₹746.76 (Previous: ₹656.27)
  • Current Liabilities: ₹1,026.95 (Includes Borrowings ₹991.17, Trade Payables ₹8.41)

Consolidated Balance Sheet (as at Sep 30, 2026, ₹ lakhs):

  • Total Assets: ₹1,739.80 (Previous: ₹1,391.46)
  • Non-Current Assets: ₹23.55 (Includes Investments ₹10.00, Property Plant & Equipment ₹13.55)
  • Current Assets: ₹1,716.25 (Includes Loans & Deposits ₹1,325.79, Capital WIP ₹113.51, Trade Receivables ₹221.47, Cash ₹20.46)
  • Equity: ₹511.79 (Previous: ₹487.44)
  • Current Liabilities: ₹1,228.01 (Includes Borrowings ₹1,168.20, Trade Payables ₹23.59)

Cash Flow Statements (Half Year Ended Sep 30, 2026, ₹ lakhs):

  • Standalone: Net cash from operations ₹99.57, investing activities (₹13.01), financing activities (₹86.59)
  • Consolidated: Net cash from operations ₹125.45, investing activities (₹111.75), financing activities ₹0.00

Corporate Actions Approved

1. Change of Name: From "Melstar Information Technologies Limited" to "Melstarr Aerospace & Technologies Limited" or any other name approved by MCA, subject to shareholder approval

2. Alteration of Object Clause: Of Memorandum of Association, subject to shareholder approval

3. Adoption of Articles: Table F of Schedule I of Companies Act, 2013 as Articles of Association, subject to shareholder approval

Audit Qualifications

The statutory auditors, M/s. CKSP & Co LLP, issued a qualified opinion on both standalone and consolidated financial statements regarding the going concern basis. The qualification stems from:

  • Admission to corporate insolvency resolution process by NCLT Mumbai on October 1, 2019 under IBC
  • Subsequent change in management with new business plans
  • Company was incurring losses prior to management change
  • Management has initiated cost savings, revenue optimization, and awaits business licenses/clearances to start operations
  • Financial statements prepared on going concern basis based on reasons stated in Note 27(i)

The qualification has been recurring since December 31, 2024. Management believes initiatives will result in improved operating performance and sustainable cash flows.

Other Matters

1. NCLT Orders: Hon'ble NCLT Mumbai approved Resolution Plan by Shivasons Solution India Private Limited, permitting reduction of public shareholding to 5%. Orders dated November 1, 2023, June 25, 2024, and August 9, 2024 in various IAs.

2. Shareholding Discrepancy: Inadvertent typographical error in MCA filing showed public shareholding as 1,51,737 shares instead of 1,51,661 shares as per NCLT order. Company has initiated corrective measures and rectified in financial statements.

3. Subsidiaries: Consolidated results include two subsidiaries with total assets of ₹611.06 lakhs as at September 30, 2026.

Meeting Details

Board meeting commenced at 5:00 PM and concluded at 5:45 PM on October 19, 2026.