MELSTAR2024-07-012024-09-30 MELSTAR2024-07-012024-09-30 MELSTAR2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member MELSTAR2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member MELSTAR2024-09-30 MELSTAR2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532307 MELSTAR NA INE817A01019 Melstar Information Technologies Limited Nonbanking Format Equity 2024-04-01 2025-03-31 2024-11-14 2024-11-08 INR Lakhs Half yearly Single segment Single segment 17:00:00 21:40:00 2024-11-14 2024-11-14 true Cash Flow Indirect Not applicable 2024-07-01 2024-09-30 Unaudited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 688000.00 688000.00 -688000.00 0.00 -688000.00 0.00 -688000.00 0.00 0.00 0.00 -688000.00 0.00 0.00 0.00 -688000.00 -688000.00 29437000.00 10 -0.23 -0.23 0.00 0.00 0.00 1. The Above Financial Results for the quarter and half year ended 30th September 2024 have been reviewed by Audit committee and are approved by Board of Directors at the meeting scheduled on 14th November 2024. 2. The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under Section 133 of the Companies Act, 2013, and other recognized accounting practices and policies to the extent applicable. 3. The figures for the previous period/ year have been regrouped/ reclassified, wherever necessary, to conform to the current period/ year classification. 4. The Company is incurring a losses which may create uncertainlties. However, various initiatives undertaken by the Company in relation to saving cost, optimize revenue management opportunities and enhance ancillary revenues is expected to result in improved operating performance. Further, our continued thrust to improve operational efficiency and initiatives to raise funds are expected to result in sustainable cash flows addressing any uncertainities. Accordingly, the statement of financial results continues to be prepared on a going concern basis, which contemplates realization of assets and settlement of liabilities in the normal course of business. 5. An application for initiation of corporate insolvency resolution process of Melstar Information Technologies Limited was admitted by the Hon ble National Company Law Tribunal, Mumbai vide order dated October 1, 2019 under the Insolvency and Bankruptcy Code, 2016 ( IBC ) and hence currently, the Company is under corporate insolvency resolution process ( CIRP ). Mr. Neehal Pathan (IBBI registration number IBBI/IPA-001/IP- P01561/2018-19/12406) was appointed as the IRP vide this order. Mr. Neehal Pathan was subsequently confirmed by the Committee of Creditors as the Resolution Professional ( RP ) in its meeting dated October 30, 2019 under the provisions of IBC. The Section 20 (1) of IBC, 2016 reads as follows - The resolution professional shall make every endeavour to protect and preserve the value of the property of the corporate debtor and manage the operations of the corporate debtor as going concern. 6. Accordingly, the Resolution Professional has been managing the operations of the Company as a going concern . Considering the above facts and continuing operations of the Company, the financial results have been prepared, approved and signed on a going concern basis by the Resolution Professsional. The managment of the company is making discsousure of said result as required under listing regulation. The balance of Trade Payables, Trade Receivables, Loans and Advances, Current Liabilities, Borrowings from others etc. are considered as per books of account. The management has not sent direct confirmations to parties. In the opinion of the management, since the amount due to/ from these parties are fully payable/recoverable, no material difference is expected to arise at the time of settlement, requiring further accounting effect as on 30/09/2024. 2024-04-01 2024-09-30 Unaudited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 688000.00 688000.00 -688000.00 0.00 -688000.00 0.00 -688000.00 0.00 0.00 0.00 -688000.00 0.00 0.00 0.00 -6.88 -688000.00 29437000.00 10 0.23 -0.23 0.00 0.00 0.00 Other Expenses 688000.00 Other Expenses 688000.00 83068000.00 0.00 0.00 83068000.00 0.00 0.00 704000.00 0.00 0.00 0.00 0.00 704000.00 10000000.00 0.00 2882000.00 1868000.00 0.00 14750000.00 98522000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14447000.00 1629000.00 0.00 82446000.00 0.00 98522000.00 98522000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -210000.00 -4955000.00 -19366000.00 0.00 -24531000.00 -24531000.00 -25219000.00 0.00 0.00 0.00 0.00 0.00 -25219000.00 0.00 0.00 -25219000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22965000.00 0.00 0.00 704000.00 0.00 0.00 0.00 0.00 0.00 23669000.00 0.00 0.00 23669000.00 -1550000.00 0.00 -1550000.00 3179000.00 1629000.00