Starlineps appoints Shah & Shah as statutory auditor for five years

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Starlineps Enterprises appointed Shah & Shah as statutory auditors for five years
  • The 15th AGM is scheduled for September 30, 2026, via video conferencing
  • E-voting window runs from September 27 to September 29, 2026
  • Outgoing auditors Kansariwala & Chevli served two consecutive terms
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Starlineps Enterprises appointed M/s. Shah & Shah, Chartered Accountants, as its statutory auditors for a term of five consecutive years. The Board of Directors approved the move during a meeting held on September 2, 2026, subject to shareholder approval at the upcoming annual general meeting.

The new audit firm will hold office from the conclusion of the company’s 15th Annual General Meeting (AGM) till the conclusion of the 20th AGM in 2031. This appointment follows the completion of two consecutive terms by the outgoing auditors, M/s. Kansariwala & Chevli, Chartered Accountants. The outgoing firm will continue in its role until the conclusion of the 15th AGM.

AGM Schedule and E-Voting Details

The board also fixed the schedule for the 15th AGM, which is set to be held on Wednesday, September 30, 2026, at 3:00 pm through video conferencing or other audio-visual means. Shareholders can participate in the e-voting process during the designated window.

Particulars Date and Time
Cut-off date for e-voting Friday, September 25, 2026
NDSL e-voting period Sunday, September 27, 2026, 9:00 am to Tuesday, September 29, 2026, 5:00 pm

Mr. Manish R. Patel, a practicing company secretary, was appointed as the scrutinizer for the e-voting process. This role ensures compliance with the Companies Act, 2013, and other applicable provisions regarding the electronic voting mechanism.

Auditor Profile

Shah & Shah, founded in 2010 by CA Tejas Shah, is based in Ahmedabad, Gujarat. The firm specializes in accounting, auditing, taxation, corporate and regulatory compliance, financial consulting, and international taxation. It holds a valid peer review certificate issued by the Institute of Company Secretaries of India (ICSI) and is registered with the Institute of Chartered Accountants of India under Firm Registration No. 131527W.

Historical Stock Returns for Starlineps Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-2.15%+12.50%-16.51%-27.71%+46.77%0.0%

How might the transition to Shah & Shah impact Starlineps Enterprises' financial reporting timelines or audit fees compared to the previous firm?

What specific expertise does Shah & Shah bring regarding international taxation that could benefit Starlineps' future expansion plans?

Are there any pending regulatory observations or compliance issues from the outgoing auditors that the new firm will need to address immediately?

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StarlinePS acquires 20% stake in Celloraa Energy for ₹40 crore

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Starlineps Enterprises acquired a 20% equity stake in Celloraa Energy Private Limited
  • The transaction valued at ₹40 crore was completed on August 31, 2026
  • Celloraa Energy is now classified as an associate company under SEBI regulations
  • This initial stake is part of a larger plan to hold 50% equity for ₹160 crore
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Starlineps Enterprises completed the acquisition of a 20% equity stake in Celloraa Energy Private Limited for ₹40 crore on August 31, 2026.

The transaction involved the subscription of 6,250 equity shares, representing 20% of the issued and paid-up share capital of the target entity as on the completion date.

Transaction Details

The move marks the first phase of a broader investment plan. The company had previously intimated an intention to invest in a 50% aggregate post-money paid-up equity share capital stake in Celloraa Energy for a total value of ₹160 crore.

Metric Details
Target Entity Celloraa Energy Private Limited
Stake Acquired 20% (6,250 shares)
Consideration ₹40 crore
Completion Date August 31, 2026
Total Planned Investment ₹160 crore (for 50% stake)

Regulatory Status

Consequent to this acquisition, Celloraa Energy Private Limited has become an associate company of Starlineps Enterprises in accordance with the provisions of the SEBI Listing Regulations.

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, following earlier intimations dated June 29, 2026, regarding the overall investment strategy.

Historical Stock Returns for Starlineps Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-2.15%+12.50%-16.51%-27.71%+46.77%0.0%

What is the expected timeline for Starlineps Enterprises to complete the remaining 30% stake acquisition to reach the total 50% target?

How will the integration of Celloraa Energy's operations impact Starlineps Enterprises' revenue diversification away from precious stones?

Are there any specific performance milestones or valuation triggers tied to the subsequent phases of the ₹160 crore investment plan?

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