Melstar Information Technologies Limited (NSE: MELSTAR) has scheduled its 39th Annual General Meeting for September 30, 2026, at 11:00 am. The company simultaneously disclosed details for remote e-voting facilities and announced the book closure period to determine shareholder eligibility.

The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, in compliance with the Companies Act, 2013, and SEBI listing regulations. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026.

Book Closure Details

E-Voting Details

Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013, the company is providing electronic voting facilities. Bigshare Services Private Limited will provide the e-voting platform.

Regulatory Compliance

The submission was made pursuant to Regulation 30, Regulation 34, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The annual report includes the notice, directors' report, financial statements, and related annexures.

Document Availability

The complete annual report is available on the company’s website at www.melstarrtech.com . Vineet Goverdhan Shah, Managing Director, signed the communication to the exchanges.

Melstar Information Technologies Limited will seek shareholder approval for up to ₹300 crore in convertible loans from promoters and directors at its 39th Annual General Meeting on September 30, 2026. The company is advancing its post-insolvency restructuring, having received in-principle listing approvals from the BSE and NSE for its restructured equity.

The meeting, held via video conferencing, aims to finalize funding mechanisms for business operations and capex. Shareholders will also vote on material related-party transactions totaling ₹300 crore between Melstar and its holding companies.

Capital Restructuring Progress

Melstar emerged from a Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT in October 2019. Shivasons Solutions India Private Limited was approved as the Successful Resolution Applicant (SRA) through orders dated November 1, 2023, June 25, 2024, and August 9, 2024.

The Board approved the allotment of 26,42,000 equity shares of ₹10 each to Shivasons on February 26, 2025. In July 2026, the company secured in-principle listing approvals from both exchanges for 27,93,661 equity shares. This figure includes 1,51,661 shares resulting from capital reduction and the new allotment to the SRA. Trading permission will be sought after completing corporate actions with NSDL and CDSL.

Proposed Related-Party Transactions

The AGM agenda includes approving related-party transactions for FY27 under Section 188 of the Companies Act, 2013. The proposed limits are:

These transactions represent approximately 2000% of the listed entity's annual consolidated turnover for the preceding financial year, as the company has not yet commenced commercial activities.

Convertible Loan Facility

Shareholders will decide on accepting unsecured loans from promoters or directors, with an option to convert into equity shares. Key terms include:

• Aggregate Limit: Up to ₹300 crore over paid-up capital and free reserves.
• Conversion: Lenders may convert outstanding loans into fully paid-up equity shares at prices determined per SEBI regulations.
• Interest: Converted portions cease carrying interest from the conversion date.
• Listing: The company will ensure converted shares are listed on relevant stock exchanges at its own cost.

Director Reappointment

Mr. Tarun Kashyap retires by rotation and offers himself for reappointment. He serves as an Executive Director with expertise in operations and strategic planning. His proposed remuneration is ₹2 lakh per month, plus reimbursement of expenses. Kashyap attended five board meetings during FY26.