StarlinePS Enterprises Limited's board of directors has approved a comprehensive capital restructuring plan during their meeting held on January 24, 2026. The Gujarat-based company announced several significant corporate actions that require shareholder approval through an extraordinary general meeting.

Capital Structure Enhancement

The board approved increasing the company's authorized share capital substantially to support future growth initiatives:

This increase of Rs. 40,00,00,000 in authorized capital will require amendment to Clause V of the company's Memorandum of Association, subject to shareholder approval at the upcoming extraordinary general meeting.

Preferential Allotment of Equity Shares

The company plans to raise Rs. 42,00,00,000 through preferential allotment of equity shares to non-promoter investors:

The allotment will be made in dematerialized form on preferential basis, complying with Chapter V of SEBI ICDR Regulations. The relevant date for determining floor price has been fixed as January 23, 2025.

Convertible Warrants Issuance

In addition to equity shares, the board approved issuance of convertible warrants worth Rs. 288,00,00,000:

These warrants will be issued to both promoters and non-promoters, with the largest allocation of 21,51,48,076 warrants going to promoter Dhirajbhai Vaghjibhai Koradiya, valued at Rs. 1,29,08,88,456.

Business Expansion Initiative

The board approved alteration of the company's main object clause to expand into fashion and lifestyle products. The new sub-clause will enable the company to engage in manufacturing, trading, and distribution of:

• Clothes, apparels, garments, and fashion materials
• Leather goods and accessories
• Jewelry and footwear
• Beauty products and lifestyle accessories
• Men's, women's, and children's clothing

This diversification aligns with the company's growth strategy and capital raising initiatives.

Corporate Governance and Timeline

The extraordinary general meeting has been scheduled for February 24, 2026, at 1:00 p.m. through video conferencing. Key dates for the approval process include:

Post allotment, the promoter and non-promoter shareholding is expected to stand at 39.12% and 60.88% respectively. The board meeting, which commenced at 1:00 p.m. and concluded at 6:00 p.m., demonstrates the company's commitment to transparent governance and strategic growth planning.

GreenX Wealth MultiHorizons Opportunity Fund has disclosed a substantial acquisition in starlineps enterprises under SEBI's takeover regulations, significantly increasing its stake in the diamond and gems company through open market purchases.

Acquisition Details

The fund acquired 1,84,76,790 shares of Starlineps Enterprises Limited on January 19, 2026, representing 5.09% of the company's total equity capital. This transaction was conducted through open market purchases and triggered disclosure requirements under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Fund and Company Information

GreenX Wealth MultiHorizons Opportunity Fund operates as a scheme under Greenx Wealth Empire, with Infinityx Investment Managers LLP serving as the investment manager. The fund is not classified as a promoter or part of the promoter group of Starlineps Enterprises.

Target Company Structure

Starlineps Enterprises Limited maintains its equity structure with a total share capital of ₹36.31 crores, divided into 36,31,32,000 equity shares of ₹1 each. The company's shares are listed on BSE Limited under the scrip code 540492 with the symbol STARLENT.

Regulatory Compliance

The disclosure was filed by Shilpaben Piyushbhai Mavani, Designated Partner of Infinityx Investment Managers LLP, in compliance with SEBI regulations. The acquisition does not involve any encumbrances, warrants, convertible securities, or voting rights other than equity shares. The fund confirmed no persons are acting in concert with the acquirer in this transaction.