Starlog Enterprises Ltd — Updates, 12-05-2025: Company Update

Starlog Enterprises Limited has announced a board meeting on which it approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025. The results include a net profit after tax of ₹27.06 Cr (standalone) and ₹26.07 Cr (consolidated). Exceptional items mainly comprise profits on sale of land and machinery, GST interest provision write-backs, debt settlement benefits, and certain advance write-offs. The company appointed Mr. Ritul Parmar as Secretarial Auditor and Bhattacharya Das and Co. as the new statutory auditors for the next five years, subject to shareholder approval. The 41st AGM is scheduled to be convened. Notably, a lender of a subsidiary has invoked a significant shortfall undertaking (₹66.27 Cr), and related recovery proceedings are currently sub-judice. The company continues to show investments in an associate at original cost despite discrepancies in reported shareholding. The auditors issued an unmodified opinion on the financials.