StarlinePS Enterprises Limited has scheduled a remote e-voting process from July 3, 2026, to August 1, 2026, seeking shareholder approval for resolutions authorizing financial transactions up to ₹2000 crore and confirming the appointment of a new Independent Director. Shareholders recorded in the register of members as of the cut-off date, June 26, 2026, are eligible to participate. The company has appointed Mr. Manish R. Patel, Practicing Company Secretary, as the Scrutinizer to oversee the process, with the report and results expected to be declared on or before August 3, 2026.

The Board of Directors approved the appointment of Mr. Shreyansh Baid (DIN: 03269224) as an Additional Director (Non-Executive & Independent) effective July 1, 2026. Shareholder approval is sought to confirm his tenure for five consecutive years ending June 30, 2031. Mr. Baid possesses nearly 15 years of experience in corporate laws, governance, and valuation and is a Fellow Member of the Institute of Company Secretaries of India, a Chartered Accountant, and a Registered Valuer with IBBI.

Financial Approvals

A special resolution seeks authorization for the Board to make investments, grant loans, and provide guarantees or securities exceeding limits under Section 186 of the Companies Act, 2013. The total aggregate exposure is capped at ₹2000 crore, superseding the previous resolution passed at the 14th Annual General Meeting on September 25, 2025.

Specifically, the company proposes investing up to ₹350 crore in Celloraa Energy Private Limited, a solar cell manufacturing entity. This investment is structured in two phases: an initial tranche of ₹160 crore for 25,000 equity shares at ₹64,000 per share, followed by a second tranche of up to ₹190 crore. Additionally, shareholders are asked to approve providing guarantees or securities up to ₹1000 crore to Celloraa Energy Private Limited for a 10-year term to support working capital requirements.

Voting Process

The postal ballot is conducted exclusively through remote e-voting. The process commences on July 3, 2026, at 9:00 a.m. IST and concludes on August 1, 2026, at 5:00 p.m. IST. Mr. Manish R. Patel, Practicing Company Secretary, serves as the Scrutinizer to ensure transparency. Resolutions approved with the requisite majority will be deemed passed as of the conclusion date.

Starlineps Enterprises Limited has secured trading approval from BSE Limited for 6,78,33,700 equity shares issued to non-promoters on a preferential basis. The approval, granted via letter reference LOD / PREF / VJ / 27/ 2026-2027 dated July 1, 2026, allows for the trading of shares bearing distinctive numbers from 363132001 to 430965700. This development enables the liquidity of the recently issued securities, which carry a face value of Re. 1 each and were issued at a premium of Rs. 5 each.

The shares are scheduled to be listed and available for trading effective Thursday, July 2, 2026. BSE Limited issued Notice No. 20260701-18 on July 1, 2026, to inform trading members about the listing of these securities. The company has requested that the exchange update its records to reflect this trading approval.

Details of the Issued Securities

The following table outlines the key details of the equity shares approved for trading:

The intimation was submitted by Madhuriben Chhatrola, Company Secretary & Compliance Officer of Starlineps Enterprises Limited. The exchange confirmed the listing through a system-generated communication signed by Janardhan Wagle, Deputy Vice President of BSE Limited.