Starbeam Ventures Limited (formerly Bluegod Entertainment Limited) reported a standalone net loss of ₹51.39 lakh for the quarter ended June 30, 2026 (Q1FY27). This represents a slight widening of losses compared to the ₹51.00 lakh loss recorded in the corresponding period of FY25. The company’s revenue from operations for the quarter was ₹922.12 lakh, significantly higher than the nil revenue reported in the prior year’s first quarter.

Total expenses for the quarter amounted to ₹973.51 lakh, driven primarily by purchases of stock in trade at ₹831.36 lakh and depreciation and amortization expenses of ₹127.40 lakh. Other expenses totaled ₹12.95 lakh, while employee benefit expenses were ₹1.81 lakh. The company did not report any other income or finance costs for the period.

Auditor Concerns and Compliance Issues

The limited review report issued by statutory auditors SDPM & Co. Chartered Accountants highlighted several critical matters requiring attention. The auditors noted that the company has outstanding unsecured loans and advances for which management failed to provide balance confirmations or independent documentary evidence. Consequently, the auditors stated they were unable to determine the impact of these items on the financial statements.

Additionally, the report drew attention to:

• Outstanding loan liabilities from individuals that appear to contravene Section 73 of the Companies Act, 2013.
• Trade receivables outstanding for more than six months, with insufficient evidence regarding their recoverability and inadequate provisions made by management.
• Non-compliance with statutory E-invoice requirements and an inability to opine on E-Way Bill compliance due to missing consignment details.

The auditors clarified that these matters do not modify their review conclusion but emphasize the uncertainty surrounding certain balance sheet items.

What the Numbers Show

A key divergence in the financials is the composition of expenses relative to revenue. While revenue surged to ₹922.12 lakh from nil in the prior year quarter, operating expenses also expanded sharply. Depreciation alone accounted for approximately 13.8% of the current quarter's revenue, indicating fixed cost pressures despite the new operational activity. Furthermore, the net loss margin remains thin at roughly 5.6% of revenue, suggesting that the company is still in a phase where operational scale has not yet translated into profitability.

Corporate Actions

During its meeting on August 17, 2026, the Board of Directors approved the unaudited standalone financial results. The board also appointed Ms. Pratiksha Bhandari as Company Secretary and Compliance Officer, effective immediately, to fill a casual vacancy arising from the resignation of the previous Company Secretary & Compliance Officer. Ms. Bhandari, an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A36256, brings extensive experience in corporate laws, secretarial compliances, and regulatory affairs. She has been designated as Key Managerial Personnel pursuant to Section 203 of the Companies Act, 2013.

Additionally, the company approved a change of its registered office within Indore, moving from Khajrana Road to Vijay Nagar.

Starbeam Ventures Limited (formerly Bluegod Entertainment Limited) has accepted the resignation of Ms. Sweety Purohit from her roles as Whole Time Company Secretary, Compliance Officer, and Key Managerial Personnel. The Board of Directors approved the departure during a meeting held on August 07, 2026, making it effective from the close of business hours on that date. This change in key management requires immediate disclosure to shareholders and regulators under SEBI Listing Regulations.

The Board noted Ms. Purohit’s contributions during her tenure and expressed appreciation for her service. Managing Director Nitin Ashokkumar Khanna signed the disclosure filed with BSE Limited. The company is now required to complete formalities with the Ministry of Corporate Affairs (MCA) and other relevant authorities as requested by Ms. Purohit in her resignation letter dated August 07, 2026.

Resignation Details

Ms. Purohit cited personal reasons and other professional commitments as the grounds for her resignation. In her letter, she stated there were no other material reasons for her departure. She invoked Section 203 of the Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, to tender her resignation with immediate effect.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III — Para A of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023, in its submission to the stock exchange. The announcement ensures transparency for investors regarding changes in key managerial personnel.