Melstar Informn.Tech
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Melstar Information Technologies’ board approved and recommended to shareholders a ₹300 crore unsecured loan from its promoters, promoter group and directors, with an option to convert the loan into equity. The company also approved notice of its 39th annual general meeting, to be held by video conference on September 30 at 11:00 a.m., along with the board report, e-voting arrangements and scrutinizer appointment.
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Melstar Information Technologies’ board approved and recommended to shareholders a ₹300 crore unsecured loan from its promoters, promoter group and directors, with an option to convert the loan into equity. The company also approved notice of its 39th annual general meeting, to be held by video conference on September 30 at 11:00 a.m., along with the board report, e-voting arrangements and scrutinizer appointment.
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Melstar Information Technologies said its board would meet on September 8 to consider raising funds through a loan convertible into equity from promoters or directors and through rights, preferential, QIP or other permitted securities, subject to approvals. The agenda also included approving the FY2026 board report and annual-meeting notice, appointing a scrutinizer and fixing e-voting and book-closure dates.
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Melstar Information Technologies said its board would meet on September 8 to consider raising funds through a loan convertible into equity from promoters or directors and through rights, preferential, QIP or other permitted securities, subject to approvals. The agenda also included approving the FY2026 board report and annual-meeting notice, appointing a scrutinizer and fixing e-voting and book-closure dates.
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Sept 3 (Reuters) - Melstar Information Technologies Ltd MELS.NS:
BOARD TO CONSIDER FUNDRAISING
Further company coverage: MELS.NS
(([email protected];))
Sept 3 (Reuters) - Melstar Information Technologies Ltd MELS.NS:
BOARD TO CONSIDER FUNDRAISING
Further company coverage: MELS.NS
(([email protected];))
Feb 11 (Reuters) - Melstar Information Technologies Ltd MELS.NS:
APPROVES ACQUISITION OF PLEXUS AVIATION
Source text: ID:nBSEKFHTm
Further company coverage: MELS.NS
(([email protected];;))
Feb 11 (Reuters) - Melstar Information Technologies Ltd MELS.NS:
APPROVES ACQUISITION OF PLEXUS AVIATION
Source text: ID:nBSEKFHTm
Further company coverage: MELS.NS
(([email protected];;))
July 24 (Reuters) - Melstar Information Technologies Ltd MELS.NS:
NAMES MOHIT SINGHAL AS CHAIRMAN EMERITUS
Source text for Eikon: ID:nBSE7jH1HF
Further company coverage: MELS.NS
(([email protected];;))
July 24 (Reuters) - Melstar Information Technologies Ltd MELS.NS:
NAMES MOHIT SINGHAL AS CHAIRMAN EMERITUS
Source text for Eikon: ID:nBSE7jH1HF
Further company coverage: MELS.NS
(([email protected];;))
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What does Melstar Informn.Tech do?
Melstar Information Technologies offers IT solutions to Banking, Insurance, Government, and aims to expand into Education and Healthcare. They are committed to ethical practices and quality standards with SEI-CMM Level III and ISO 9001:2015 certifications.
Who are the competitors of Melstar Informn.Tech?
Melstar Informn.Tech major competitors are Ajel, Unisys Software, Unipro Technologies, Jointeca Education, Space Incubtrs Tech., Nihar Info Global, Wherrelz IT Solution. Market Cap of Melstar Informn.Tech is ₹7 Crs. While the median market cap of its peers are ₹6 Crs.
Is Melstar Informn.Tech financially stable compared to its competitors?
Melstar Informn.Tech seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Melstar Informn.Tech pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Melstar Informn.Tech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Melstar Informn.Tech allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Melstar Informn.Tech balance sheet?
Melstar Informn.Tech balance sheet is weak and might have solvency issues
Is the profitablity of Melstar Informn.Tech improving?
The profit is oscillating. The profit of Melstar Informn.Tech is -₹2.05 Crs for TTM, ₹11.28 Crs for Mar 2024 and -₹0.01 Crs for Mar 2023.
Is the debt of Melstar Informn.Tech increasing or decreasing?
Yes, The net debt of Melstar Informn.Tech is increasing. Latest net debt of Melstar Informn.Tech is ₹8.48 Crs as of Mar-26. This is greater than Mar-24 when it was ₹2.25 Crs.
Is Melstar Informn.Tech stock expensive?
There is insufficient historical data to gauge this. Latest PE of Melstar Informn.Tech is 0.64
Has the share price of Melstar Informn.Tech grown faster than its competition?
Melstar Informn.Tech has given better returns compared to its competitors. Melstar Informn.Tech has grown at ~24.84% over the last 4yrs while peers have grown at a median rate of -10.29%
Is the promoter bullish about Melstar Informn.Tech?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Melstar Informn.Tech is 94.57% and last quarter promoter holding is 94.57%.
Are mutual funds buying/selling Melstar Informn.Tech?
There is Insufficient data to gauge this.