StarlinePS Enterprises Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated 7th April, 2026, covers the quarter ended 31st March, 2026.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 by Bigshare Services Pvt. Ltd., which serves as the company's Registrar and Share Transfer Agent. The document confirms the company's compliance with dematerialization requirements for the fourth quarter of FY26.

Certificate Confirmation Details

Bigshare Services Pvt. Ltd. confirmed several key compliance aspects in their certificate dated 6th April, 2026. The registrar verified that securities received from depository participants for dematerialization up to 31st March, 2026 were properly confirmed to the depositories. The certificate also confirms that all securities comprised in the certificates have been listed on the stock exchange where the earlier issued securities are listed.

Dematerialization Process Compliance

The certificate provides assurance regarding the proper handling of dematerialization processes. Key confirmations include:

• Security certificates received for dematerialization have been mutilated and cancelled after due verification by the depository participant
• Names of the depositories have been substituted in the register of members as registered owner within 15 days of receipt of certificate of securities
• All processes align with NSDL and CDSL circulars dated 25th January, 2019

Company Information

The submission was signed by Madhuriben Chhatrola, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining proper corporate governance and regulatory compliance standards.

StarlinePS Enterprises Limited successfully completed its preferential allotment of equity shares and convertible warrants on 23rd March, 2026, raising significant capital through both instruments. The Board of Directors approved the allotment in their meeting held on Monday, following the in-principle approval granted by BSE Limited on 9th March, 2026.

Board Meeting Outcome

The company's Board of Directors meeting commenced at 07:00 p.m. and concluded at 07:38 p.m. on 23rd March, 2026. The meeting was conducted pursuant to Regulation 30 of the SEBI Listing Regulations and the special resolution passed by members at their Extra Ordinary General Meeting held on 24th February, 2026.

Equity Share Allotment Details

The company allotted 6,78,33,700 fully paid-up equity shares of face value Re. 1/- each to non-promoter investors on a preferential basis. The shares were issued at Rs. 6/- per share, including a premium of Rs. 5/- per share.

Impact on Share Capital

The preferential allotment significantly increased the company's paid-up equity share capital. Following the allotment, the capital structure transformed as detailed below:

Convertible Warrants Issuance

Simultaneously, the company allotted 48,00,00,000 convertible warrants to both promoters and non-promoters at Rs. 6/- per warrant. The company received an upfront payment of 25% of the issue price.

Promoter Warrant Acquisition Disclosure

Following the warrant allotment, promoter Varshaben Koradiya filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on 27th March, 2026. The disclosure detailed the acquisition of convertible warrants by promoters and their impact on shareholding patterns.

Subscription Outcome

The preferential issue witnessed strong investor interest, with the equity shares being nearly fully subscribed:

Major Investors

The allotment included diverse investor participation, with notable allocations to individuals and entities. Among the warrant holders, promoters Varshaben D Koradiya and Dhirajbhai Vaghjibhai Koradiya received significant allocations of 10,00,00,000 and 11,51,48,076 warrants respectively. Non-promoter investors Kamya Abhishek Kamdar and Piyush L Mavani each received 6,41,66,666 warrants, demonstrating substantial non-promoter participation in the fundraising exercise.

Regulatory Compliance

The allotment was conducted in accordance with SEBI regulations, with all securities subject to applicable lock-in restrictions under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Each convertible warrant is exercisable into one fully paid-up equity share of face value Re. 1/- and can be converted in one or more tranches within the stipulated timeframe. The promoter disclosure ensures compliance with substantial acquisition regulations and maintains transparency in shareholding changes.