StarlinePS Enterprises Limited has secured in-principle approval from BSE Limited for a substantial preferential issue of securities, marking a significant milestone in the company's capital raising efforts. The approval, dated March 09, 2026, paves the way for the company to issue equity shares and warrants worth ₹330 crore.

Approval Details and Structure

BSE Limited granted the approval through Letter No. LOD/PREF/TT/FIP/1836/2025-26, following the company's earlier announcement dated January 24, 2026. The approved securities structure comprises two distinct components designed to cater to different investor categories.

Financial Impact and Fundraising Scope

The preferential issue represents a comprehensive fundraising initiative totaling ₹330 crore. The equity component will generate ₹42 crore through the issuance of 7 crore shares to non-promoter investors. The warrant component, valued at ₹288 crore, involves 48 crore fully convertible warrants that can be converted into an equivalent number of equity shares.

Regulatory Compliance Framework

BSE has outlined stringent compliance requirements that StarlinePS Enterprises must fulfill throughout the issuance process. The company must ensure adherence to multiple regulatory frameworks including the Companies Act 2013, Securities Contracts Regulation Act 1956, SEBI Act 1992, and the Depositories Act 1996.

Key Compliance Requirements:

• Strict adherence to SEBI ICDR Regulations 2018 and LODR Regulations 2015
• Obtaining necessary statutory and regulatory approvals
• Implementation of robust internal controls to monitor trading activities
• Securing undertakings from allottees regarding trading restrictions

Trading Restrictions and Internal Controls

The exchange has mandated specific measures to prevent regulatory violations. StarlinePS Enterprises must obtain written undertakings from all allottees confirming they will not engage in intra-day trading or sell company shares until the allotment date. The company bears sole responsibility for verifying compliance with these provisions under Regulation 167(6) of SEBI ICDR regulations.

Timeline and Next Steps

Following the securities allotment, StarlinePS Enterprises must submit a listing application within twenty days, as specified in Schedule XIX of ICDR Regulations. The company must also complete post-issue formalities and pay applicable fees in accordance with Regulation 14 of LODR Regulations. Non-compliance with the twenty-day timeline will result in penalties as outlined in SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.

The approval represents a significant step forward for StarlinePS Enterprises Limited in strengthening its capital base and supporting future growth initiatives through this substantial fundraising exercise.

StarlinePS Enterprises Limited has announced a change in its Corporate Identification Number (CIN) following regulatory updates with the Ministry of Corporate Affairs. The company informed BSE Limited about this administrative change through a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CIN Update Details

The company's CIN has been updated from the previous number to a new identification code due to changes in the National Industrial Classification system. This change occurred automatically in the Ministry of Corporate Affairs records following the company's application to the Registrar of Companies.

Shareholder Approval and Regulatory Process

The CIN change stems from alterations made to the Main Objects Clause of the company's Memorandum of Association. Shareholders approved these changes during an Extra Ordinary General Meeting held on 24th February, 2026. The Ministry of Corporate Affairs subsequently processed the application and issued certification under Section 13(1) of the Companies Act, 2013.

The Certificate of Registration of the Special Resolution was issued by M. Yadubhushana Rao, Assistant Registrar of Companies at the Central Processing Centre, confirming that the special resolution and altered Memorandum of Association have been registered.

Company Information Update

The updated MCA Master Data reflects the new CIN along with the company's current operational details. StarlinePS Enterprises Limited maintains its registered office at Office No. 805, Solaris Bay View, Near Iscon Mall, Piplod, Surat-395007, Gujarat, India.

Financial Structure

The company's capital structure remains unchanged following the CIN update. The authorized capital stands at ₹60,00,00,000 while the paid-up capital is ₹36,31,32,000. The company conducted its last Annual General Meeting on 25/09/2025, with the balance sheet date as 31/03/2025.

The company has requested BSE Limited to update the new CIN in their records and Corporate Information section. Company Secretary and Compliance Officer Madhuriben Chhatrola signed the disclosure document, ensuring compliance with regulatory requirements.