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.

Starlineps Enterprises Limited has disclosed to BSE Limited regarding a drawdown notice received from Growth Sense Venture Fund. The company informed the stock exchange about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Commitment Details

The drawdown notice pertains to the contribution agreement that Starlineps Enterprises Limited entered into with Growth Sense Venture Fund, as previously intimated to the exchange. The fund is described as a contributory determinate trust with which the company committed to contribute an aggregate amount of ₹3.00 crore.

Drawdown Mechanism and Compliance

The company has remitted ₹20.00 lakh to the Growth Sense Venture Fund account following the receipt of the drawdown notice. This amount represents 6.67% of the total commitment of ₹3.00 crore to the trust.

The contribution framework operates under a drawdown mechanism specified by the fund from time to time. The company emphasized that all contributions are made in compliance with applicable legal and regulatory requirements.

Regulatory Disclosure

The disclosure was made pursuant to the company's earlier intimation, maintaining transparency with stakeholders about the investment commitment. The company secretary and compliance officer, Madhuribenben Chhatrola (ACS No.: 74197), signed the regulatory filing submitted to BSE Limited.

Starlineps Enterprises' registered office is located at Office No. 805, Solaris Bay View, Near Iscon Mall, Piplod, Surat-395007, Gujarat, India.