Melstar Information Technologies Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Melstar Information Technologies has announced a board meeting outcome approving the audited financial results for the quarter and financial year 2024-25, reporting a consolidated net loss of Rs. 86.19 lakh versus a profit of Rs. 1,127.93 lakh last year. Despite challenges, the company remains a going concern. Leadership updates include Mr. Raveendra Sangapu stepping in as Acting CFO, replacing Mr. Vineet Goverdhan Shah, and the appointment of Mr. Samarendra Kumar Mohanty as CTO to strengthen digital strategy and operations.