StarlinePS Enterprises Executes Revised ₹12 Crore Loan Agreement with South Indian Bank

1 min read     Updated on 14 Mar 2026, 04:35 PM
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Reviewed by
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AI Summary

StarlinePS Enterprises Limited has executed a revised loan agreement with South Indian Bank Limited for ₹12 crore overdraft facility against 15 fixed deposits worth ₹13 crore. The revision updates the original master loan agreement from June 2025 due to changes in security deposits and interest rates, with the company maintaining full regulatory compliance under SEBI Listing Regulations.

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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.

Parameter: Details
Lender: The South Indian Bank Ltd
Borrower: StarlinePS Enterprises Limited
Loan Amount: ₹12 crore
Nature of Facility: Overdraft against Fixed Deposits
Security Provided: 15 Fixed Deposits
Security Value: ₹13 crore
Agreement Date: March 14, 2026
Original Agreement: June 02, 2025

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.

Compliance Aspect: Status
Related Party Transaction: No
Promoter Group Connection: Nil
Special Rights: Not Applicable
Share Issuance: Not Applicable
Director Appointment Rights: None

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.

Historical Stock Returns for Starlineps Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%+4.36%+20.36%+265.53%+206.62%+149.82%
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StarlinePS Enterprises Limited Updates Corporate Identification Number Following NIC Code Revision

1 min read     Updated on 06 Mar 2026, 12:43 PM
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StarlinePS Enterprises Limited has updated its Corporate Identification Number from L46909GJ2011PLC065141 to L14101GJ2011PLC065141 due to changes in the National Industrial Classification Code. The change followed shareholder approval of alterations to the Main Objects Clause during an Extra Ordinary General Meeting on 24th February, 2026, with Ministry of Corporate Affairs certification received on 5th March, 2026.

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StarlinePS Enterprises Limited has announced a change in its Corporate Identification Number (CIN) following regulatory updates with the Ministry of Corporate Affairs. The company informed BSE Limited about this administrative change through a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CIN Update Details

The company's CIN has been updated from the previous number to a new identification code due to changes in the National Industrial Classification system. This change occurred automatically in the Ministry of Corporate Affairs records following the company's application to the Registrar of Companies.

Parameter: Previous Updated
Corporate Identification Number: L46909GJ2011PLC065141 L14101GJ2011PLC065141
Effective Date: - 6th March, 2026
Certification Date: - 5th March, 2026

Shareholder Approval and Regulatory Process

The CIN change stems from alterations made to the Main Objects Clause of the company's Memorandum of Association. Shareholders approved these changes during an Extra Ordinary General Meeting held on 24th February, 2026. The Ministry of Corporate Affairs subsequently processed the application and issued certification under Section 13(1) of the Companies Act, 2013.

The Certificate of Registration of the Special Resolution was issued by M. Yadubhushana Rao, Assistant Registrar of Companies at the Central Processing Centre, confirming that the special resolution and altered Memorandum of Association have been registered.

Company Information Update

The updated MCA Master Data reflects the new CIN along with the company's current operational details. StarlinePS Enterprises Limited maintains its registered office at Office No. 805, Solaris Bay View, Near Iscon Mall, Piplod, Surat-395007, Gujarat, India.

Corporate Details: Information
Registration Number: 065141
Date of Incorporation: 26/04/2011
ROC Name: ROC Ahmedabad
Stock Exchange Listed: Yes
Company Status: Active

Financial Structure

The company's capital structure remains unchanged following the CIN update. The authorized capital stands at ₹60,00,00,000 while the paid-up capital is ₹36,31,32,000. The company conducted its last Annual General Meeting on 25/09/2025, with the balance sheet date as 31/03/2025.

The company has requested BSE Limited to update the new CIN in their records and Corporate Information section. Company Secretary and Compliance Officer Madhuriben Chhatrola signed the disclosure document, ensuring compliance with regulatory requirements.

Historical Stock Returns for Starlineps Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%+4.36%+20.36%+265.53%+206.62%+149.82%
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1 Year Returns:+206.62%