StarlinePS Enterprises Limited reported a 33% increase in revenue from operations to ₹9764.69 crore for the year ended March 31, 2026. The company posted a net profit of ₹112.32 crore for the fiscal year, a decline from ₹656.98 crore in the previous year, impacted by exceptional items. The Board of Directors approved the audited standalone and consolidated financial results on May 28, 2026.

The financial performance for the quarter ended March 31, 2026, reflected a net loss of ₹205.70 crore, compared to a net loss of ₹88.02 crore in the corresponding period of the previous year. Revenue from operations for the quarter surged to ₹2802.32 crore from ₹1390.29 crore in the same period last year. The decline in quarterly profitability was primarily driven by exceptional items amounting to ₹529.36 lakh, which related to the write-off of capital work-in-progress previously capitalized in the books.

For the full fiscal year, total income rose to ₹9890.98 crore from ₹7478.78 crore in FY25. However, the company recorded exceptional items of ₹529.36 lakh during the year, which affected the bottom line. Excluding these exceptional items, the profit before tax for the year stood at ₹687.47 crore. The statutory auditors, Kansariwala & Chevli, issued an unmodified opinion on the financial results.

Consolidated Financial Results

The company's balance sheet strengthened significantly during the year, with total assets growing to ₹17,703.04 crore as of March 31, 2026, up from ₹5,321.52 crore a year earlier. Cash and cash equivalents surged to ₹12,730.54 crore, driven by proceeds from share issuances totaling ₹13,345.05 crore. This included funds raised through a rights issue and a preferential allotment of equity shares and convertible warrants to promoters and non-promoters.

Capital Structure Changes

During the year, the company undertook significant capital restructuring exercises. The authorized share capital was increased twice, first to ₹60 crore and subsequently to ₹100 crore, following shareholder approvals. The Rights Issue Committee allotted 10,37,52,000 fully paid-up equity shares on October 7, 2025. Additionally, the Board allotted 6,78,33,700 equity shares and 48,00,00,000 convertible warrants at an issue price of ₹6 each on a preferential basis in March 2026.

StarlinePS Enterprises Limited has received listing approval from BSE Limited for 6,78,33,700 equity shares of face value Re. 1/- each, issued on a preferential basis to non-promoters. The approval was granted vide Letter No. LOD/PREF/KS/FIP/217/2026-27 dated 12/05/2026, and the company formally intimated BSE of the development on 14th May, 2026, in furtherance to its earlier letter and announcement dated 23rd March, 2026.

Key Details of the Listing Approval

The listing pertains to equity shares issued at a premium of Rs. 5/- per share over the face value of Re. 1/- each. The shares carry distinctive numbers from 363132001 to 430965700 and have been issued to non-promoters on a preferential basis. The following table summarises the key parameters of the approved listing:

Compliance Requirements Before Trading Approval

BSE has stipulated that trading approval for the aforementioned shares will be granted only after the company satisfies specific compliance conditions. The exchange has outlined the following requirements:

• Submission of listing approval from the National Stock Exchange of India Ltd. (if applicable)
• Confirmation letters from NSDL and/or CDSL regarding the crediting of the above-mentioned shares to respective beneficiary accounts or their admission into the depository system
• Confirmation letters from NSDL and/or CDSL regarding lock-in of pre-preferential holding (if applicable)

The company has also been directed to ensure compliance with the provisions of Regulation 167 of SEBI (ICDR) Regulations, as specified by SEBI from time to time. Additionally, in the event of a change exceeding two per cent of the total paid-up share capital, the company is required to file the shareholding pattern in XBRL mode as mandated under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.

Trading Approval Timeline

As per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities are required to make an application for trading approval to the stock exchange(s) within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified in the aforementioned SEBI circular. The listing approval letter was signed by Marian D'souza, Assistant Vice President, and Karan Shah, Deputy Manager, on behalf of BSE Limited. The intimation to BSE was submitted by Madhuriben Chhatrola, Company Secretary & Compliance Officer (ACS No.: 74197), on behalf of StarlinePS Enterprises Limited.