Asian Star Company Limited recommended a dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The company reported a consolidated net loss of ₹0.40 crore for the fourth quarter, a significant improvement from the loss of ₹4.50 crore in the same quarter of the previous year. For the full year, the consolidated net profit stood at ₹404.76 lakh, compared to ₹414.98 lakh in the previous year. The statutory auditors issued an unmodified opinion on the financial statements.

Q4 Financial Highlights

For the quarter ended March 31, 2026, Asian Star reported a consolidated net loss of ₹0.40 crore, narrowing from a loss of ₹4.50 crore in Q4FY25. Revenue from operations for the quarter was ₹748.37 crore, compared to ₹667.73 crore in the year-ago period. Earnings Per Share (EPS) for the quarter was a loss of ₹0.25, compared to a profit of ₹6.11 in the previous year.

Full-Year Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹404.76 lakh, down from ₹414.98 lakh in the previous year. Total income from operations for the year was ₹2,903.37 crore, compared to ₹2,976.27 crore in FY25. On a standalone basis, the net profit for the year was ₹323.46 lakh.

Dividend Declaration

The Board of Directors recommended a dividend of ₹1.50 per equity share, amounting to 15% on the face value of ₹10 each. This dividend is subject to shareholder approval at the upcoming Annual General Meeting and will be paid within 30 days of the meeting.

Auditor's Report

M/s V. A. Parikh & Associates LLP, Statutory Auditors, issued an unmodified audit report on the standalone and consolidated financial statements for the year ended March 31, 2026. The auditors confirmed that the financial results give a true and fair view of the company's financial position.

Asian Star Company Limited has informed the stock exchanges of a change in directorship at its wholly owned foreign subsidiary, Asian Star FZCO, incorporated in Dubai, United Arab Emirates. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with applicable SEBI Circulars.

Director Resignation at Asian Star FZCO

Mr. Nareshkumar Ramanlal Darji stepped down from his position as Director of Asian Star FZCO with effect from May 14, 2026. The resignation was submitted to align the governance and compliance structure of the subsidiary with applicable UAE Anti-Money Laundering (AML) compliance requirements and to avoid potential conflict of interest concerns. Notably, Mr. Darji continues in his capacity as Compliance Officer of the subsidiary following the resignation from the directorial role.

The key details of the directorship change, as disclosed under Regulation 30, are as follows:

Compliance-Driven Governance Restructuring

The resignation reflects a compliance-driven restructuring at the Dubai-based subsidiary. As per UAE AML guidelines, a Compliance Officer is not permitted to simultaneously serve as a Director of the company. By relinquishing the directorial position, Mr. Darji ensures that the subsidiary's governance structure remains aligned with the applicable regulatory framework in the UAE. No new director has been appointed in place of Mr. Darji at this time.

Asian Star FZCO is located at 29-D, Almas Tower, JLT, Dubai, United Arab Emirates. The parent company, Asian Star Company Limited, made this disclosure to BSE Limited on May 15, 2026, in compliance with its obligations under SEBI listing regulations.