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 consolidated financial results for the quarter and financial year ended March 31, 2025. The company posted revenue of Rs. 53.19 lakhs and a net loss of Rs. 86.19 lakhs for the year. Key leadership updates include Mr. Raveendra Sangapu stepping in as Acting CFO and Mr. Samarendra Kumar Mohanty joining as Chief Technology Officer, while Mr. Vineet Goverdhan Shah has stepped down as Acting CFO. Strategic actions are in motion to boost operations and revenue growth.