Starcom Information Technology Limited announced significant changes to its board structure following a meeting held on February 13, 2026, from 3:30 PM to 6:30 PM. The company appointed a new independent director and reconstituted its key board committees in compliance with regulatory requirements.

New Independent Director Appointment

The board approved the appointment of Kalyan Kumar Vattipalli as an additional director and independent director with immediate effect. The appointment is subject to approval by shareholders at the ensuing Annual General Meeting.

Professional Background

Vattipalli brings extensive expertise to the board as a professional Chartered Accountant and Company Secretary with over 15 years of experience. His areas of specialization include:

• Corporate Finance and Fund raising
• Mergers & Acquisitions
• Accounting and Auditing
• Banking and Investments
• Statutory Compliances and Company Secretarial activities

Notably, he has headed the finance function of four startup companies, successfully scaling them from Series A stage to pre-IPO/Merger & Acquisition stage. His proven ability in designing and implementing systems for cost control and financial discipline makes him a valuable addition to the board.

Board Committee Reconstitution

Following the appointment, Starcom Information Technology reconstituted its three key committees to include the new independent director:

Audit Committee

• Chairman: Ms Akthar Begum (Independent Director)
• Members: Mr Kalyan Kumar Vattipalli (Independent Director), Mr. Maddur Gundurao Mohan Kumar (Independent Director)

Nomination & Remuneration Committee

• Chairman: Ms. Akthar Begum (Independent Director)
• Members: Mr Kalyan Kumar Vattipalli (Independent Director), Mr. Supriya Kumar Guha (Non-executive director)

Stakeholder Relationship Committee

• Chairman: Mr. Supriya Kumar Guha (Non-executive director)
• Members: Mr Kalyan Kumar Vattipalli (Independent Director), Mr. Maddur Gundurao Mohan Kumar (Independent Director)

Regulatory Compliance

The company confirmed that the newly appointed director is not related to any existing directors and does not hold shares in the company. In accordance with stock exchange circular dated June 20, 2018, Starcom Information Technology verified that Vattipalli is not debarred from holding directorial positions by SEBI or any other authority. All necessary declarations have been obtained from the new director as required under regulatory guidelines.

Starcom Information Technology Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, reporting a total income of ₹33.30 lakhs and a net loss of ₹194.21 lakhs. The results were approved by the Board of Directors on February 13, 2026, following their scheduled meeting to review the quarterly performance.

Financial Performance Overview

The company's financial performance for Q3FY26 shows significant challenges with operational income declining compared to previous periods. The total income from operations stood at ₹33.30 lakhs, representing a substantial decrease from ₹47.92 lakhs in the previous quarter and ₹89.00 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company reported total income from operations of ₹109.79 lakhs compared to ₹214.84 lakhs in the corresponding period of the previous year. The net loss for the nine-month period reached ₹474.15 lakhs, significantly higher than the ₹319.91 lakhs loss reported in the previous year.

Segment-wise Revenue Breakdown

The company operates in two primary business segments with varying performance levels during the quarter.

Key Financial Challenges

The company faces several significant financial challenges as highlighted in the quarterly results. Outstanding statutory dues amount to ₹1,601.26 lakhs, including Sales Tax/Service Tax/GST dues of ₹243.68 lakhs, Provident Fund/ESIC/Professional Tax dues of ₹215.94 lakhs, and Tax Deducted at Source obligations of ₹1,141.64 lakhs. The company has provided for interest on these liabilities up to December 31, 2025.

Additionally, the company has unpaid rent obligations of ₹660.81 lakhs for office premises owned by promoter Mr. Ziaulla Sheriff, covering the period up to March 31, 2019. The management has not provided rent from April 1, 2019, to July 31, 2024, amounting to ₹607.15 lakhs.

Going Concern and Future Outlook

Despite reporting cash losses and fully eroded net worth, with current liabilities exceeding current assets, the company has prepared its financial statements on a going concern basis. The management is actively pursuing prospective investors to meet working capital requirements and remains optimistic about future profitability. The company continues to develop Business Intelligence and Data Quality Solutions software, with a carrying value of ₹2,431.02 lakhs as Intangible Assets under Development.