Melstar Information Technologies MD, chairman, board of directors and AGM

BSE: 532307IT - Services

Trading suspended since 27 Aug 2024

Last traded ₹4.25 on 2 Sep 2024

Melstar Information Technologies board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorVINEET GOVERDHAN SHAH

5 directors3 independent2 executive

  • VINEET GOVERDHAN SHAH · Managing directorExecutive · joined Mar 2024 · 26 months as independent · 1 listed board · 1 committee seat
  • TARUN KASHYAPExecutive · joined Nov 2024 · 22 months as independent · 1 listed board · 2 committee seats
  • SELVARAJ JOHNSONIndependent · joined Sep 2025 · 12 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
  • ROSE MARY VASEIndependent · joined Feb 2026 · 7 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • AYUSHI SINGH BAISIndependent · joined May 2026 · 5 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • RAJNIKANT PATEL, left 24 May 2026: Others
  • SUBHASH CHANDRA VARSHNEY, left 7 May 2026: Others
  • ALYZAA MERCHANT, left 22 Apr 2026: Others
  • UTTAM PRAKASH AGARWAL, left 23 Mar 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 8 Sep 20265 of 5 present3 independent · 26 days in between
    • 12 Aug 20265 of 5 present3 independent · 78 days in between
    • 25 May 20265 of 5 present3 independent

  • Audit Committee

    Chair SELVARAJ JOHNSON

    ROSE MARY VASE, AYUSHI SINGH BAIS, TARUN KASHYAP

    • 8 Sep 20264 of 4 present3 independent · 26 days in between
    • 12 Aug 20264 of 4 present3 independent · 78 days in between
    • 25 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair SELVARAJ JOHNSON

    ROSE MARY VASE, AYUSHI SINGH BAIS

    • 25 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair SELVARAJ JOHNSON

    ROSE MARY VASE, AYUSHI SINGH BAIS, VINEET GOVERDHAN SHAH, TARUN KASHYAP

    • 25 May 20265 of 5 present3 independent

  • Risk Management Committee

    Chair ROSE MARY VASE

    SELVARAJ JOHNSON, AYUSHI SINGH BAIS, VINEET GOVERDHAN SHAH, TARUN KASHYAP

    • 25 May 20265 of 5 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Sep 2026.

  • C K S P AND CO LLPPeer-review certificate valid to Jan 2027
1 earlier auditor
  • CKSP Co & LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Melstar Information Technologies AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Melstar Information Technologies share news and announcements

Annual general meeting, 30 Sep 2026

10,564 shareholders on the register on 18 Sep 2026; present: 0 promoters and 30 others; votes counted by Mr. Pawan Jain / M/s. Pawan Jain & Associates.The company's voting result (opens in a new tab)

  1. ADOPTION OF AUDITED FINANCIAL STATEMENT OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON
    Ordinary
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 0.00% · promoters 0.00% · institutions 0.00% · other public 0.01%

  2. ADOPTION OF THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORT OF THE AUDITORS THEREON
    Ordinary
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 0.00% · promoters 0.00% · institutions 0.00% · other public 0.01%

  3. APPOINTMENT OF A DIRECTOR IN PLACE OF MR. TARUN KASHYAP (DIN: 07358671) WHO RETIRES BY ROTATION AT THIS AGM AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT
    Ordinary
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 0.00% · promoters 0.00% · institutions 0.00% · other public 0.01%

  4. APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS FOR FY 2026-27
    OrdinaryPromoters have an interest in it
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 0.00% · promoters 0.00% · institutions 0.00% · other public 0.01%

  5. APPROVAL FOR THE ACCEPTANCE OF LOAN UP TO RS. 300 CRORE FROM PROMOTERS AND/OR DIRECTORS WITH AN OPTION TO CONVERT INTO EQUITY
    SpecialPromoters have an interest in it
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 0.00% · promoters 0.00% · institutions 0.00% · other public 0.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Sep 2026, 9 resolutions

10,568 shareholders on the register on 31 Aug 2026; present: 0 promoters and 39 others; votes counted by Mr. Pawan Jain / M/s. Pawan Jain & Associates.The company's voting result (opens in a new tab)

  1. ADOPTION OF STANDALONE FINANCIAL STATEMENTS
    Ordinary
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  2. ADOPTION OF CONSOLIDATED FINANCIAL STATEMENTS
    Ordinary
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  3. RE-APPOINTMENT OF MR. VINEET GOVERDHAN SHAH (DIN: 01761772) WHO RETIRES BY ROTATION, AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT
    Ordinary
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  4. APPOINTMENT OF M/S. S. TALWAR & ASSOCIATES AS SECRETARIAL AUDITOR FOR THE FIRST TERM OF FIVE YEARS
    Ordinary
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  5. APPOINTMENT OF MR. SELVARAJ JOHNSON (DIN: 10637235) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  6. APPOINTMENT OF MS. ROSE MARY VASE (DIN: 09286115) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  7. APPOINTMENT OF MS. AYUSHI SINGH BAIS (DIN: 11510837) AS AN INDEPENDENT WOMEN DIRECTOR OF THE COMPANY
    Special
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  8. APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS FOR FY 2024-25
    Ordinary
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

  9. APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS FOR FY 2025-26
    Ordinary
    96.27% for3.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Dec 2024, 1 resolution

10,568 shareholders on the register on 16 Dec 2024; present: 0 promoters and 57 others; votes counted by Mr. Prakash Shenoy / M/s SAP & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    94.52% for5.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.48%

    Turnout: all 0.00% · promoters 0.00% · institutions 0.00% · other public 0.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 Sep 2024, 9 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Vineet Govardhan Prasad Shah (DIN: 01761772) as Managing Director of the Company.
    Special
    98.42% for1.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.58%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  2. Appointment of Mr. Subhash Chandra Varshney (DIN: 08657452) as an Independent Director of the Company
    Special
    98.42% for1.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.58%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  3. Appointment of Ms. Alyzaa Merchant (DIN: 07164228) as an Independent Director of the Company
    Special
    98.42% for1.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.58%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  4. Appointment of Mr. Uttam Prakash Agarwal (DIN:00272983) as an Independent Director of the Company
    Special
    76.21% for23.79% against

    Against: promoters 0.00% · institutions 0.00% · other public 23.79%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  5. Appointment of Mr. Rajnikant Patel (DIN: 00003135) as an Independent Director of the Company
    Special
    95.25% for4.75% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.75%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  6. To appoint M/s. C K S P And Co LLP, as Statutory Auditors of the Company to fill in causal vacancy.
    Ordinary
    98.42% for1.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.58%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  7. Alteration of the Object Clause of the Memorandum of Association of the Company
    Special
    98.42% for1.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.58%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  8. Approval for increase in borrowing powers of the Company under Section 180 (1)(c) of the Companies Act, 2013
    Special
    79.40% for20.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.60%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

  9. To seek approval under Section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company.
    Special
    79.40% for20.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.60%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 31 Dec 2020, 4 resolutions

Present: 5 promoters and 40 others.The company's voting result (opens in a new tab)

  1. Resolution 1 :To consider and adopt the Audited Financial Statement of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.07%

  2. Resolution 2 : Appointment of M/s Sarda & Pareek, CharteredAccountants(FRN: 109262W), Statutory Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.07%

  3. Resolution 3 :Regularization of Additional Independent Director, Mr. Pramod Shivaji Bhosale (DIN: 08669615), by appointing him as Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.07%

  4. Resolution 4 :Regularization of Additional Independent Director, Ms. Shireen Mohd Haneef Khan (DIN: 08669626), by appointing her as Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2019, 7 resolutions

Present: 4 promoters and 52 others.The company's voting result (opens in a new tab)

  1. Resolution 1 : To consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2019 and the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 50.85%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.06%

  2. M/s Sarda & Pareek, Chartered Accountants (FRN: 109262W), Statutory Auditor of the Company continues to be the Statutory Auditor of the Company as per the provision of the Companies Act 2013. (No resolution is required for the Same )MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 53.20%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.06%

  3. To Consider and to Regularize the appointment of Mr. Anant Satish Pathak (DIN: 05338978) Additional Director as the Director of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 53.20%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.06%

  4. To Consider and to regularize the appointment of Mr. Anant Satish Pathak (DIN: 05338978) Additional Director as the Managing Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 53.20%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.06%

  5. To Consider and to Regularize the appointment of Mr. Vineet Kumar Tripathi (DIN: 07229156) Additional Director as an Independent & Non- Executive Director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 33.69%

    Turnout: all 47.08% · promoters 100.00% · institutions 0.00% · other public 0.04%

  6. To Consider and to Regularize the appointment of Ms. Kirti Tripathi (DIN: 07140094) Additional Director as an Independent & Non Executive Director (Independent Woman Director).
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 24.98%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.06%

  7. To Consider and to Regularize the appointment of Mr. Sirish Kumar Sahoo (DIN : 08052666) Additional Director as Non- Independent & Non Executive Director
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 50.85%

    Turnout: all 47.09% · promoters 100.00% · institutions 0.00% · other public 0.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2018, 5 resolutions

Present: 67,20,976 promoters and 75,62,163 others.The company's voting result (opens in a new tab)

  1. Adoption of Accounts for the year ended 31.03.2018.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.93%

    Turnout: all 47.08% · promoters 100.00% · institutions 0.00% · other public 0.05%

  2. Re-appointment of M/s Sarda & Pareek, Chartered Accountant as Statutory Auditors of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.93%

    Turnout: all 47.08% · promoters 100.00% · institutions 0.00% · other public 0.05%

  3. To consider the regularization of appointment of Mr. Bhalchandra Shinde as Non Executive Director of the company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 36.78%

    Turnout: all 47.08% · promoters 100.00% · institutions 0.00% · other public 0.04%

  4. To consider the regularization of appointment of Mr. Durgesh Jadhav as an Independent and Non Executive Director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.97%

    Turnout: all 47.08% · promoters 100.00% · institutions 0.00% · other public 0.05%

  5. To consider the regularization of appointment of Mrs. Sadhana Patil as an Independent and Non Executive Director of the company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.86%

    Turnout: all 47.08% · promoters 100.00% · institutions 0.00% · other public 0.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.