Outcome of Board Meeting

MELSTAR INFORMATION TECHNOLOGIES LIMITED CIN: L85493MH1986PLC040604 Date: 19/10/2026 To, To, The General Manager The Manager Department of Corporate Services Listing Department BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E) BSE Scrip Code: 532307 Mumbai – 400 051 NSE Symbol: MELSTAR Sub: Outcome of the meeting of the Board of Directors of the Company held on 19th October, 2026 Dear Sir/Madam, Pursuant to the provisions of Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of Melstar Information Technologies Limited (“the Company”) at their meeting held today i.e., 19th October, 2026, inter alia, considered and approved: 1. Audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30 September 2026. A copy of the ‘Audit Report’ issued by M/s. CKSP & Co LLP, Chartered Accountants, Statutory Auditors of the Company together with the Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30 September 2026 are also enclosed herewith. We are also arranging to upload the aforesaid Financial Results on the Company’s website and publish the extract of the Consolidated Financial Results for the quarter and half year ended 30 September 2026 in newspapers in the format as prescribed under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. Change of name of the Company from “Melstar Information Technologies Limited” to “Melstarr Aerospace & Technologies Limited” or any other name as may be approved by the Central Processing Centre, Ministry of Corporate Affairs and the consequential amendment in the Memorandum of Association and Articles of Association to give effect to the same, subject to the approval of the Members of the Company. 3. Approved to alter Object Clause of the Memorandum of Association of the Company subject to the approval of shareholders of the Company. 4. Approved to adopt Table F of Schedule I of the Companies Act, 2013 as Articles of Association subject to the approval of shareholders of the Company. The meeting of the Board of Directors of the Company commenced at 5:00 p.m. and concluded at 5:45 p.m. This may please be treated as compliance under Regulation 30 read with Part A Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Registered Office: 1302, “Raheja Centre”, The Free Press Journal Marg, Nariman Point, Mumbai – 400 021 Email: cs@melstarrtech.com / Contact: +91 93210 30069 MELSTAR INFORMATION TECHNOLOGIES LIMITED CIN: L85493MH1986PLC040604 You are requested to kindly take the same on your record. Thanking you, Yours Faithfully, For Melstar Information Technologies Limited Vineet Goverdhan Shah Managing Director DIN: 01761772 Registered Office: 1302, “Raheja Centre”, The Free Press Journal Marg, Nariman Point, Mumbai – 400 021 Email: cs@melstarrtech.com / Contact: +91 93210 30069 C K S P AND CO LLP Chartered Accountants (A Member Firm of ‘C K S P & AFFILIATES’) Regd. Off. A-312, 3rd Floor, Royal Sands C.H.S.L, Shastri Nagar, Andheri West, Mumbai – 400 053, Maharashtra, India. Tel: 022 2200 3915. Email: debmalya@ckspllp.com / kalpen@ckspllp.com INDEPENDENT AUDITOR’S REPORT To the Members of MELSTAR INFORMATION TECHNOLOGIES LIMITED Report on the Audit of the Interim Standalone Financial Statements Qualified Opinion We have audited the accompanying interim standalone financial statements of MELSTAR INFORMATION TECHNOLOGIES LIMITED (“the Company”), which comprise the Balance Sheet as at September 30, 2026, and the Statement of Profit and Loss, for the half year ended September 30, 2026, Statement of changes in Equity and Statement of Cash flows for the for the half year ended September 30, 2026, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information. In our opinion and to the best of our information and according to the explanations given to us, except for the effect of the matter described in the ‘Basis for Qualified Opinion’ para below, the aforesaid interim standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act, 2013 (the “Act”), read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the state of affairs of the Company as at September 30,2026, its profit and total comprehensive income for the six months ended on that date, changes in equity and its cash flows for the six months ended on that date. Basis for Qualified Opinion 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). Subsequently there was change in the Management with new business plans. The Company was incurring losses prior to the change in the Management. During the current period company has taken various initiatives in relation to saving operational cost, optimize revenue management opportunities and enhance ancillary revenues is expected to result in improved operating performance. The company has made a plan which has been put business plan into action and the company is awaiting business licenses and clearances to start operations. Based on that, the interim standalone financial statement of the Company have been prepared on a going concern basis because of the reasons stated in the Note No. 27 (i) to the interim standalone financial statement. We conducted our audit of the interim standalone financial statements in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Interim Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the interim standalone financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the interim standalone financial statements. C K S P AND CO LLP is a Limited Liability Partnership with LLP Registration No. AAC – 8300 C K S P & AFFILIATES – Registration no. NRN/0043 /W C K S P AND CO LLP Chartered Accountants (A Member Firm of ‘C K S P & AFFILIATES’) Regd. Off. A-312, 3rd Floor, Royal Sands C.H.S.L, Shastri Nagar, Andheri West, Mumbai – 400 053, Maharashtra, India. Tel: 022 2200 3915. Email: debmalya@ckspllp.com / kalpen@ckspllp.com Responsibilities of Management and Those Charged with Governance for the Interim Standalone Financial Statements The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these interim standalone financial statements that give a true and fair view of the financial position, financial performance, changes in equity and cash flows of the Company in accordance with Ind AS 34 and other accounting principles generally accepted in India. This responsibility also includes maintenance of ade [Showing first 8,000 characters — download PDF for full document]