Starcom Information Technology Ltd — Board Meeting, 30-05-2025: Board Meeting

Starcom Information Technology Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported total income of Rs. 330.49 lakh and a net loss of Rs. 499.65 lakh for the year. It continues to face stress in working capital with fully eroded net worth and current liabilities exceeding current assets. Overdue statutory dues total Rs. 1,516.19 lakh, including interest, and the company has not charged rent of Rs. 37.95 lakh for its office premises due to financial constraints. Intangible assets under development stand at Rs. 2431.02 lakh, with associated audit qualifications on recoverability. Management is seeking investors to improve working capital and expects future profitability despite these challenges.