Mrs. Neha Patel will cease to hold the position of Independent Director at StarlinePS Enterprises Limited upon completion of her first term of five consecutive years on June 30, 2026. The cessation follows her submission of an unwillingness letter dated June 20, 2026, declining re-appointment due to an inability to devote sufficient time to the company given her professional commitments elsewhere. Consequently, she will also step down from her roles as Chairperson or Member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, Risk Management Committee, and Corporate Social Responsibility Committee.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Patel has no other material reasons for her departure and does not hold directorships or board committee memberships in any other listed entities. The Board of Directors has been requested to intimate the Registrar of Companies and other requisite authorities regarding the change.

Details of Cessation

The following table outlines the key particulars regarding the change in directorship as per the regulatory filing:

Patel confirmed that she does not hold directorships in any other listed companies. The information is also available on the company's official website.

StarlinePS Enterprises Limited reported a 33% increase in revenue from operations to ₹9764.69 crore for the year ended March 31, 2026. The company posted a net profit of ₹112.32 crore for the fiscal year, a decline from ₹656.98 crore in the previous year, impacted by exceptional items. The Board of Directors approved the audited standalone and consolidated financial results on May 28, 2026.

The financial performance for the quarter ended March 31, 2026, reflected a net loss of ₹205.70 crore, compared to a net loss of ₹88.02 crore in the corresponding period of the previous year. Revenue from operations for the quarter surged to ₹2802.32 crore from ₹1390.29 crore in the same period last year. The decline in quarterly profitability was primarily driven by exceptional items amounting to ₹529.36 lakh, which related to the write-off of capital work-in-progress previously capitalized in the books.

For the full fiscal year, total income rose to ₹9890.98 crore from ₹7478.78 crore in FY25. However, the company recorded exceptional items of ₹529.36 lakh during the year, which affected the bottom line. Excluding these exceptional items, the profit before tax for the year stood at ₹687.47 crore. The statutory auditors, Kansariwala & Chevli, issued an unmodified opinion on the financial results.

Consolidated Financial Results

The company's balance sheet strengthened significantly during the year, with total assets growing to ₹17,703.04 crore as of March 31, 2026, up from ₹5,321.52 crore a year earlier. Cash and cash equivalents surged to ₹12,730.54 crore, driven by proceeds from share issuances totaling ₹13,345.05 crore. This included funds raised through a rights issue and a preferential allotment of equity shares and convertible warrants to promoters and non-promoters.

Capital Structure Changes

During the year, the company undertook significant capital restructuring exercises. The authorized share capital was increased twice, first to ₹60 crore and subsequently to ₹100 crore, following shareholder approvals. The Rights Issue Committee allotted 10,37,52,000 fully paid-up equity shares on October 7, 2025. Additionally, the Board allotted 6,78,33,700 equity shares and 48,00,00,000 convertible warrants at an issue price of ₹6 each on a preferential basis in March 2026.