StarlinePS Enterprises Schedules Board Meeting for ₹330 Crore Securities Allotment

StarlinePS Enterprises Limited has scheduled a board meeting for March 23, 2026, to consider the allotment of equity shares and convertible warrants following BSE's in-principle approval for its ₹330 crore preferential issue. The company informed BSE Limited about the upcoming board meeting through a regulatory filing dated March 16, 2026.

Board Meeting Agenda and Timeline

The board meeting, scheduled for Monday, March 23, 2026, at the company's registered office, will focus on finalizing the allotment process for the previously approved securities. This development follows BSE Limited's in-principle approval granted through Letter No. LOD/PREF/TT/FIP/1836/2025-26 dated March 09, 2026.

Meeting Details:	Information
Date:	March 23, 2026
Venue:	Registered Office
Primary Agenda:	Securities Allotment
Regulatory Compliance:	SEBI Regulation 29

Securities Allotment Structure

The board will consider the allotment of two categories of securities as part of the comprehensive ₹330 crore fundraising initiative. The allotment process represents the next crucial step following regulatory approval.

Security Type:	Quantity	Face Value	Issue Price	Target Investors
Equity Shares:	7,00,00,000	Re. 1/- each	Rs. 6/- each	Non-promoters
Convertible Warrants:	48,00,00,000	Re. 1/- each	Rs. 6/- each	Promoters and Non-promoters

Regulatory Framework and Compliance

The board meeting notification, filed under Regulation 29 of SEBI Listing Regulations, demonstrates the company's adherence to mandatory disclosure requirements. Company Secretary and Compliance Officer Madhuriben Chhatrola signed the regulatory filing, ensuring proper corporate governance protocols.

Financial Impact and Strategic Significance

The upcoming allotment will complete the ₹330 crore capital raising exercise, with ₹42 crore from equity shares and ₹288 crore from convertible warrants. This substantial fundraising initiative positions StarlinePS Enterprises to strengthen its capital base and support future growth strategies. The company must complete post-allotment formalities within the regulatory timeline, including submission of listing applications within twenty days as mandated by SEBI ICDR Regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-10.45%	-7.77%	+113.27%	+136.96%	+98.67%

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.