Melstar Information Technologies Limited — Important, 26-02-2025: Updates

The Board of Directors of Melstar Information Technologies Limited has allocated 26,42,000 fully paid equity shares at a face value of INR 10 each to Shivasons Solution India Pvt Ltd, totaling INR 2.64 crore. This decision revises a previous allotment of 27,92,000 shares as per orders from the National Company Law Tribunal. Consequently, Shivasons Solution India Pvt Ltd will continue as a promoter of the company. Following this allotment, the total paid-up share capital will be 1,69,25,139 equity shares worth INR 16.92 crore, with promoters holding 94.57% and public shareholders 5.43%. This restructuring could strengthen the company's backing and market position.