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.

StarlinePS Enterprises Limited has executed a Memorandum of Understanding (MOU) to acquire a 12.15% stake in Tobias Amine Limited, a chemical manufacturing company, as disclosed under Regulation 30 of SEBI regulations on January 5, 2026.

Transaction Details

The acquisition involves purchasing 30,375 equity shares of ₹10.00 each from existing promoters and shareholders. The transaction parameters are structured as follows:

The shares are being acquired from Mr. Nishant Mineshbhai Shah and Mr. Rajeshkumar Baldevbhai Patel, and the transaction does not fall under related party transactions.

Target Company Profile

Tobias Amine Limited specializes in manufacturing intermediates for food colors, dyes, and specialty chemicals, along with offering Contract Research and Manufacturing Services (CRAMS) to various industries. The company was incorporated on July 29, 2022, and operates within the chemical industry in India.

The target entity has an authorized and paid-up share capital of ₹25.00 lakhs, divided into 250,000 equity shares of ₹10.00 each. The company's financial performance shows recent operational activity:

Strategic Implications

The acquisition represents StarlinePS Enterprises Limited's entry into the chemical manufacturing sector, diversifying from its existing business operations. Tobias Amine Limited's focus on specialty chemicals and CRAMS services positions it within the growing chemical intermediates market.

The transaction requires no specific governmental or regulatory approvals beyond standard compliance requirements. The company has indicated that the objects and impact of acquisition details are not applicable at this stage, suggesting a strategic investment approach.

Compliance and Documentation

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The announcement was signed by Madhuriben Chhatrola, Company Secretary and Compliance Officer (ACS No: 74197), ensuring proper regulatory compliance for the listed entity.