StarlinePS Enterprises Limited has approved an investment of ₹160 crore to acquire a 50% stake in Celloraa Energy Private Limited, a manufacturer of solar cells. The acquisition involves subscribing to 25,000 new equity shares at a cost of ₹64,000 per share. This strategic move targets a company currently establishing a 1.2 GW solar cell manufacturing facility equipped with advanced German technology, with plans to expand capacity to 2.4 GW.

The Board of Directors approved the proposal on June 29, 2026. The investment will be made in one or more tranches, subject to the completion of customary conditions precedent, relevant regulatory approvals, and shareholder consent. The company expects the acquisition to be completed within the next 12 months. Celloraa Energy Private Limited was incorporated on February 6, 2026, and currently has NIL turnover for the financial year 2025-26.

Key Investment Details

The following table summarises the key parameters of the approved investment:

Target Entity Overview

Celloraa Energy Private Limited is focused on the manufacturing of solar cells. The entity is setting up a state-of-the-art 1.2 GW manufacturing facility using sustainable, water-efficient processes. As part of its growth strategy, the company aims to scale its manufacturing capacity to 2.4 GW. The target entity has an authorized share capital of ₹1 crore and a paid-up share capital of ₹2.50 lakh.

Starlineps Enterprises Limited has acquired a commercial property in Surat for ₹55.50 lakh to expand its operational assets. The company entered into an agreement with H.R. Heights, a partnership firm, on June 24, 2026, to purchase Office No. 801 at Solaris Bay View in Piplod. The acquisition is part of the company's strategy to secure physical infrastructure for its business operations.

The transaction details were disclosed to BSE Limited under Regulation 30 of the SEBI Listing Regulations. The agreement size is ₹55,50,000, and the company confirmed there is no shareholding in the entity with whom the agreement was executed. The deal does not involve any special rights such as the appointment of directors or restrictions on capital structure.

Transaction Details

The acquisition is not classified as a related party transaction, and the parties involved are not related to the promoter or promoter group. The company confirmed that the transaction was conducted at arm's length. There are no potential conflicts of interest arising from the agreement, and no additional disclosures regarding nominees on the board were required.

The disclosure was submitted by Madhuriben Chhatrola, Company Secretary & Compliance Officer of Starlineps Enterprises Limited. The company's registered office is located at Office No. 805, Solaris Bay View, Near Iscon Mall, Piplod, Surat-395007, Gujarat.