Starlineps Enterprises Limited has announced a significant update to its proposed Rights Issue, revising the record date for shareholder eligibility. The company's Rights Issue committee has set Tuesday, September 9, 2025, as the new record date, according to a regulatory filing made on September 5, 2025.

Key Details of the Revision

Implications for Shareholders

The record date is crucial for shareholders as it determines who will be eligible to participate in the upcoming Rights Issue. Shareholders whose names appear in the company's records on September 9, 2025, will have the opportunity to apply for additional equity shares as part of this corporate action.

Regulatory Compliance

Starlineps Enterprises Limited has made this announcement in compliance with Regulation 42 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has also adhered to Regulation 68 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Unchanged Aspects

The company emphasized that all other details from the August 28, 2025 board meeting outcome remain unchanged. This suggests that the core elements of the Rights Issue, apart from the record date, are proceeding as originally planned.

Company Information

Starlineps Enterprises Limited is headquartered in Surat, Gujarat, with its registered office at Office No. 805, Solaris Bay View, Near Iscon Mall, Piplod. The company is identified by CIN L36910GJ2011PLC065141.

Starlineps Enterprises Limited has announced a series of strategic decisions aimed at strengthening its financial position and expanding its business operations. The company's Board of Directors has approved several key initiatives, including a rights issue, an increase in authorized share capital, and diversification into new business areas.

Rights Issue Details

The Board has approved a rights issue of up to 10.37 crore equity shares at ₹2.00 per share, which is expected to raise ₹20.75 crore. The rights issue will be offered in the ratio of 2:5, meaning eligible shareholders will be entitled to subscribe to 2 new shares for every 5 shares held. The record date for determining eligibility is set for September 8, with the issue period running from September 15 to September 23.

Starlineps Enterprises has announced the International Securities Identification Number (ISIN) INE594W20018 for rights entitlements related to their upcoming rights issue. The company has arranged with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) to credit rights entitlements in dematerialized form to eligible shareholders' demat accounts. These entitlements for fully paid-up equity shares of ₹1/- each will be credited prior to the issue opening date.

Increase in Authorized Share Capital

To accommodate the rights issue and future growth plans, Starlineps Enterprises will increase its authorized share capital from ₹37.00 crore to ₹60.00 crore. This boost in capital structure will provide the company with greater flexibility for future fundraising and expansion activities.

Business Expansion

The Board has approved alterations to the company's Memorandum of Association to diversify its operations. These changes will allow Starlineps Enterprises to venture into chemical manufacturing and renewable energy businesses, potentially opening up new revenue streams and market opportunities.

Corporate Governance and Compliance

The company has taken steps to ensure strong corporate governance:

• Appointment of Manish R. Patel as Secretarial Auditor for a five-year term
• Scheduling of the 14th Annual General Meeting (AGM) for September 25, to be held via video conferencing

Shareholder Approval and Implementation

All major decisions, including the rights issue, increase in authorized share capital, and business expansion plans, are subject to shareholder approval at the upcoming AGM. The company has set the book closure dates from September 19 to September 25 for the purpose of the AGM.

Starlineps Enterprises' move to raise capital through a rights issue and expand its business scope reflects the company's ambition to strengthen its market position and explore new growth avenues.