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MELSTAR INFORMATION TECHNOLOGY LTD.

02 September 2024 | 12:00

Industry >> IT Consulting & Software

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ISIN No INE817A01019 BSE Code / NSE Code 532307 / MELSTAR Book Value (Rs.) 11.56 Face Value 10.00
Bookclosure 23/12/2024 52Week High 6 EPS 0.00 P/E 0.00
Market Cap. 7.19 Cr. 52Week Low 2 P/BV / Div Yield (%) 0.37 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
2000 - The Company has set up two development centres one at Bangalore and one in Mumbai, taking the total number of centres to 11. - Melstar Information Technologies going in for a preferential issue of shares to fund the recently announced acquisition of three foreign companies. - The Company has acquired the US-based IT company Global System for $1.8 million in a part cash and stock deal.

2007 - Melstar Information Technologies Ltd has informed that Mr. Ashok Kumar Katial has been appointed as an Independent Non-executive Director of the Company with effect from October 08, 2007 in the casual vacancy caused by the resignation of Mr. Darius Pandole.

2009 - Melstar Information Technologies Ltd has informed that Mr. Rajesh V Shah and Mr. M S Adige have been appointed as an Additional Directors of the Company with effect from June 23, 2009.

Being an Independent and Non-Executive Directors, they have also been co-opted as a member of the Audit Committee.

2024 -The Company Board has given in-principal approval for the acquisition of 51% stake in Plexus Aviation Services Private Limited