StarlinePS Enterprises Limited has executed a revised loan agreement with South Indian Bank Limited for ₹12 crore, the company announced following its board meeting held on March 14, 2026. The revision was implemented due to changes in security deposits and interest rates associated with the existing facility.

Loan Agreement Details

The revised agreement pertains to an overdraft facility against fixed deposits, representing a continuation of the master loan agreement originally signed in June 2025. The loan structure demonstrates a conservative approach to borrowing, with security exceeding the loan amount.

Regulatory Compliance and Disclosure

The company filed detailed disclosures with BSE Limited under Regulation 30 of SEBI Listing Regulations, providing comprehensive information about the agreement terms. The transaction maintains arm's length characteristics with no related party involvement.

Board Meeting Outcomes

The board meeting, which commenced at 3:00 p.m. and concluded at 3:50 p.m., addressed the loan agreement revision as part of its formal agenda. The directors approved the revised terms following proper evaluation of the changes in security deposits and interest rate structure.

Corporate Structure

StarlinePS Enterprises Limited, incorporated in Gujarat with CIN L14101GJ2011PLC065141, maintains its registered office at Office No. 805, Solaris Bay View, Near Icon Mall, Piplod, Surat-395007. The company secretary and compliance officer, Madhuriben Chhatrola (ACS No.: 74197), signed the regulatory disclosure, ensuring compliance with SEBI Master Circular requirements dated January 30, 2026.

StarlinePS Enterprises Limited has secured in-principle approval from BSE Limited for a substantial preferential issue of securities, marking a significant milestone in the company's capital raising efforts. The approval, dated March 09, 2026, paves the way for the company to issue equity shares and warrants worth ₹330 crore.

Approval Details and Structure

BSE Limited granted the approval through Letter No. LOD/PREF/TT/FIP/1836/2025-26, following the company's earlier announcement dated January 24, 2026. The approved securities structure comprises two distinct components designed to cater to different investor categories.

Financial Impact and Fundraising Scope

The preferential issue represents a comprehensive fundraising initiative totaling ₹330 crore. The equity component will generate ₹42 crore through the issuance of 7 crore shares to non-promoter investors. The warrant component, valued at ₹288 crore, involves 48 crore fully convertible warrants that can be converted into an equivalent number of equity shares.

Regulatory Compliance Framework

BSE has outlined stringent compliance requirements that StarlinePS Enterprises must fulfill throughout the issuance process. The company must ensure adherence to multiple regulatory frameworks including the Companies Act 2013, Securities Contracts Regulation Act 1956, SEBI Act 1992, and the Depositories Act 1996.

Key Compliance Requirements:

• Strict adherence to SEBI ICDR Regulations 2018 and LODR Regulations 2015
• Obtaining necessary statutory and regulatory approvals
• Implementation of robust internal controls to monitor trading activities
• Securing undertakings from allottees regarding trading restrictions

Trading Restrictions and Internal Controls

The exchange has mandated specific measures to prevent regulatory violations. StarlinePS Enterprises must obtain written undertakings from all allottees confirming they will not engage in intra-day trading or sell company shares until the allotment date. The company bears sole responsibility for verifying compliance with these provisions under Regulation 167(6) of SEBI ICDR regulations.

Timeline and Next Steps

Following the securities allotment, StarlinePS Enterprises must submit a listing application within twenty days, as specified in Schedule XIX of ICDR Regulations. The company must also complete post-issue formalities and pay applicable fees in accordance with Regulation 14 of LODR Regulations. Non-compliance with the twenty-day timeline will result in penalties as outlined in SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.

The approval represents a significant step forward for StarlinePS Enterprises Limited in strengthening its capital base and supporting future growth initiatives through this substantial fundraising exercise.