Starlog Enterprises Limited Announces Demise of Independent Director Ms. Mita Namonath Jha

Starlog Enterprises Limited has announced the unfortunate demise of Ms. Mita Namonath Jha, Independent Director of the company, who passed away on December 21, 2025. The Mumbai-based company informed BSE Limited about this development on January 13, 2026, through a formal communication under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Disclosure Details

The company learned about Ms. Jha's demise through a family member and promptly communicated the same to the stock exchange. As per regulatory requirements, Starlog Enterprises provided comprehensive details in compliance with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Particulars:	Details
Name:	Ms. Mita Namonath Jha
Director Identification Number:	07258314
Position:	Independent Director
Reason for Change:	Death
Date of Cessation:	December 21, 2025

Corporate Communication

The disclosure was signed by Ms. Edwina Dsouza, Whole-time Director (DIN: 09532802), on behalf of Starlog Enterprises Limited. The communication was digitally signed on January 13, 2026, at 17:13:49 +05'30' from Mumbai. All directors and employees of the company have expressed their deep sympathy, sorrow, and condolences to Ms. Jha's family during this difficult time.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.95%	-1.04%	-13.98%	-53.38%	-14.85%	+140.80%

Standalone Performance

On a standalone basis, Starlog Enterprises posted a loss after tax of Rs 104.57 lakhs for the quarter ended September 30, 2025, a stark contrast to the profit of Rs 72.04 lakhs recorded in the same quarter of the previous year. The company's revenue from operations saw a substantial decline, dropping to Rs 47.27 lakhs from Rs 127.53 lakhs year-over-year.

Consolidated Results

The consolidated financial picture painted an even more challenging scenario. The company reported a consolidated loss of Rs 344.86 lakhs for the quarter, compared to a loss of Rs 214.47 lakhs in the corresponding quarter of the previous year. This represents a 60.8% increase in losses on a year-over-year basis.

Financial Highlights

Particulars (in Rs. Lakhs)	Q2 FY2025	Q2 FY2024	Change (%)
Standalone Revenue	47.27	127.53	-62.9%
Standalone Profit/(Loss)	(104.57)	72.04	-245.2%
Consolidated Loss	(344.86)	(214.47)	60.8%

Factors Affecting Performance

The company attributed the exceptional loss in the current quarter to sundry balances and lapsed MAT credit written off. This write-off appears to have significantly impacted the financial results, contributing to the widened losses.

Capital Raising Initiative

In a move to strengthen its financial position, Starlog Enterprises had previously issued 30,00,000 equity shares at Rs 50 per share on a preferential basis, successfully raising Rs 1,500 lakhs. This capital infusion, completed in the previous quarter, is expected to provide the company with additional resources to navigate the current challenging environment.

Looking Ahead

As Starlog Enterprises grapples with the current financial setbacks, investors and market watchers will be keenly observing the company's strategies to address the declining revenues and mounting losses. The effectiveness of utilizing the recently raised capital and any operational improvements will be crucial factors in the company's performance in the coming quarters.

The logistics sector, in which Starlog Enterprises operates, continues to be a vital component of the Indian economy. The company's ability to adapt to market conditions may play a significant role in its future financial health.

Stakeholders will likely look forward to more detailed insights from the management on the company's plans to address the current challenges and return to profitability in the upcoming quarters.