StarlinePS Enterprises Limited has formally disclosed comprehensive details of its fund raising initiatives following the Extra Ordinary General Meeting held on February 24, 2026. The company submitted detailed notifications to BSE Limited under Regulation 30 of SEBI regulations, revealing the complete structure of its preferential issuances approved by shareholders.

Fund Raising Structure and Investor Details

The company disclosed that 199 investors will participate in the fund raising exercise through two distinct instruments. The preferential equity issuance involves 7,00,00,000 equity shares at Rs. 6.00 per share, while the convertible warrants component encompasses 48,00,00,000 warrants at the same price point.

Major Investor Allocations

The investor list reveals significant allocations to key participants, with Jinaykumar Navinchandra Koradiya receiving the largest equity allocation of 25,00,000 shares worth Rs. 1,50,00,000. Other major equity investors include Vikramkumar Shrimal Jain with 16,66,000 shares and Sagar B Mehta (HUF) with 14,16,700 shares.

Convertible Warrants Distribution

The convertible warrants allocation shows significant participation from both promoter and non-promoter categories. Promoter Dhirajbhai Vaghjibhai Koradiya received the largest warrant allocation of 11,51,48,076 warrants worth Rs. 69,08,88,456, while Varshaben D Koradiya was allocated 10,00,00,000 warrants valued at Rs. 60,00,00,000.

Post-Allotment Capital Structure

Following the completion of these allotments, the company's shareholding pattern will be restructured with promoter and promoter group holding reducing to 39.12%, while non-promoter shareholding will increase to 60.88%. The convertible warrants carry an 18-month tenure from the date of allotment and can be converted in one or more tranches.

Regulatory Compliance and Documentation

The disclosure was submitted by Company Secretary Madhuriben Chhatrola (ACS: 74197) to BSE Limited with scrip code 540492. The comprehensive documentation includes detailed investor lists, allocation amounts, and compliance confirmations under SEBI ICDR Regulations and other applicable laws. The fund raising initiative represents a significant capital expansion exercise for the company, providing substantial resources for business growth and diversification plans approved in the EGM.

Starlineps enterprises Limited has announced a significant write-off of Rs 529.36 lacs from its Capital Work-in-progress, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited on February 12, 2026.

Board Approval and Regulatory Compliance

The write-off decision was formally approved by the company's Board of Directors during their meeting held on Thursday, February 12, 2026. The decision came following a recommendation from the Audit Committee, ensuring proper governance protocols were followed for this material disclosure.

Financial Impact

The amount of Rs 529.36 lacs was initially capitalized and recorded against Capital Work-in-progress in the company's books of accounts. This write-off represents a significant adjustment to the company's capital expenditure accounting, moving the amount from the balance sheet as it will no longer be considered as work-in-progress assets.

Corporate Governance

The disclosure demonstrates the company's adherence to regulatory requirements under SEBI Listing Regulations. Company Secretary and Compliance Officer Madhuriben Chhatrola, holding ACS certification 74197, signed the regulatory filing ensuring compliance with stock exchange notification requirements.

Company Information

Starlineps Enterprises Limited operates under CIN L46909GJ2011PLC065141 with its registered office located at Office No. 805, Solaris Bay View, Near Iscon Mall, Piplod, Surat-395007, Gujarat. The company trades on BSE under scrip code 540492.