Melstar Information Technologies Ltd Board Approves ₹300 Cr Unsecured Loan

Melstar Information Technologies Limited's Board of Directors, in a meeting held on September 8, 2026, approved a proposal to raise an unsecured loan of ₹300 Crore, with an option for conversion into equity, from Promoters/Promoter Group and Directors. The board also approved the notice for the 39th Annual General Meeting (AGM) scheduled for September 30, 2026, to be held via VC/OAVM. M/s Pawan Jain & Associates were appointed as scrutinizers for the e-voting process. The cut-off date for remote e-voting eligibility was set as September 18, 2026, with the remote e-voting period from September 27 to September 29, 2026. The Register of Members and Share Transfer Books will be closed from September 24 to September 30, 2026, for the AGM. Additionally, the 39th Board's Report for the financial year ended March 31, 2026, was approved.