Shivasons Solutions India Private Limited, the promoter of Melstar Information Technologies Limited, has confirmed that it did not create any encumbrance, directly or indirectly, on the shares held by it or persons acting in concert for the financial year ended March 31, 2026. The declaration was submitted to the stock exchanges on April 8, 2026, pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure was made by Vineet Goverdhan Shah on behalf of Shivasons Solutions India Private Limited. The filing confirms the promoter's compliance with regulatory requirements regarding the status of shareholdings during the specified financial period. Melstar Information Technologies Limited forwarded the disclosure to BSE Limited and the National Stock Exchange of India Ltd.

Regulatory Filing Details

The submission to the exchanges included a declaration under the SEBI (SAST) Regulations and the Second Amendment Regulations, 2019. The document provided specific details regarding the promoter entity and its classification within the company's shareholding structure.

The filing was signed by Bhawna Rajawat, Company Secretary and Compliance Officer of Melstar Information Technologies Limited, and addressed to the corporate relationship departments of both BSE and NSE.

Melstar Information Technologies Limited narrowed its standalone net loss to ₹73.71 lakh for the financial year ended March 31, 2026, from a loss of ₹92.58 lakh in the previous year. The company reported a standalone profit of ₹44.72 lakh for the quarter ended March 31, 2026, compared to a loss of ₹62.63 lakh in the same period last year. Revenue from operations for the quarter stood at ₹75 lakh, while total expenses were ₹30.28 lakh. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited financial results in Active Times (English) and Mumbai Lakshadeep (Marathi) on May 27, 2026.

Board and Committee Changes

The Board accepted the resignation of Mr. Rajnikant Patel as a Non-Executive & Independent Director effective May 24, 2026. Consequently, the Board appointed Ms. Ayushi Singh Bais as an Additional Director (Non-Executive & Independent) effective May 25, 2026, subject to shareholder approval. The company reconstituted its Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee to include the new appointee.

Auditor and Compliance Updates

M/s. CKSP & Co LLP, Statutory Auditors, issued a qualified opinion on the financial results. The qualification arises due to the company's history under the Insolvency and Bankruptcy Code (IBC) and its reliance on a going concern basis pending business licenses and clearances. The Board also accepted the resignation of M/s M. N. Kholiya & Associate as Internal Auditors and appointed M/s Saini & Saini, Chartered Accountants, as the new Internal Auditors for FY26. M/s. S. Talwar & Associates were re-appointed as Secretarial Auditors for FY 2025-26.

Financial Performance

The standalone financial results show a significant improvement in operational metrics. Employee benefit expenses for the quarter decreased to ₹14.12 lakh from ₹35.92 lakh in the prior year. The company reported a basic and diluted EPS of ₹1.60 for Q4FY26 compared to a negative EPS of ₹2.24 in Q4FY25. On a consolidated basis, the company reported a profit of ₹10.29 lakh for Q4FY26 but a net loss of ₹213.94 lakh for the full year.