Starlineps Enterprises Limited has announced the re-appointment of Mr. Hardikbhai Rajubhai Patel as Whole-time Director for a three-year term. The decision was approved by shareholders at the company's 14th Annual General Meeting (AGM) held on September 25, 2025.

Key Details of the Re-appointment

• Term: Three years, from July 1, 2025, to June 30, 2028
• Position: Whole-time Director, liable to retire by rotation
• Initial Approval: The Board of Directors initially approved the re-appointment on June 27, 2025

About Hardikbhai Rajubhai Patel

Mr. Patel brings over a decade of experience in Information Technology to his role at Starlineps Enterprises. He holds a Bachelor of Computer Application degree from Veer Narmad South Gujarat University, Gujarat. His expertise includes working on numerous projects across various businesses and industries, contributing to their developmental and growth goals.

Additional AGM Outcomes

The 14th AGM of Starlineps Enterprises Limited also saw several other significant resolutions passed:

1. Re-appointment of Chairman & Managing Director: Mr. Shwetkumar Dhirajbhai Koradiya was re-appointed as Chairman & Managing Director for three years, from July 1, 2025, to June 30, 2028.

2. Appointment of Secretarial Auditor: Mr. Manish R. Patel, Practicing Company Secretary, was appointed as the Secretarial Auditor for five consecutive years, from FY 2025-26 to FY 2029-30.

3. Increase in Authorized Share Capital: Shareholders approved an increase in the company's Authorized Share Capital from Rs. 37 crore to Rs. 60 crore, with a consequential alteration to Clause V of the Memorandum of Association.

4. Alteration of Object Clause: The Object Clause of the Memorandum of Association was altered to expand the company's business scope.

5. Financial Approvals: Several financial resolutions were passed, including approval for material related party transactions, increasing borrowing limits, and creating charges on company assets.

Compliance Note

The company also announced the closure of the trading window for designated persons from October 1, 2025, until 48 hours after the declaration of the unaudited financial results for Q2 FY2025-26, in compliance with SEBI regulations.

Starlineps Enterprises Limited continues to strengthen its governance and operational framework with these strategic decisions, positioning itself for future growth and expansion.

Starlineps Enterprises Limited, a Surat-based company, has announced significant changes to its corporate structure and business focus, as approved by shareholders at its 14th Annual General Meeting (AGM) held on September 25, 2025.

Authorized Share Capital Increase

The company has received shareholder approval to increase its authorized share capital from Rs. 37.00 crore to Rs. 60.00 crore. This expansion involves the creation of 60 crore equity shares valued at Rs. 1.00 each. The move required an amendment to Clause V of the company's Memorandum of Association (MoA).

Expansion of Business Objectives

In a strategic shift, Starlineps Enterprises has also altered its Object Clause in the MoA, signaling a diversification of its business activities. The company has added two new sub-clauses to its main objectives:

1. Manufacturing and trading of chemical compounds and related products.
2. Engaging in renewable and conventional energy production and services.

These additions suggest that Starlineps Enterprises is looking to expand into the chemical and energy sectors, potentially opening up new revenue streams for the company.

Corporate Governance Updates

The AGM also saw several key corporate governance decisions:

• Re-appointment of Mr. Shwetkumar Dhirajbhai Koradiya as Chairman & Managing Director for a three-year term.
• Re-appointment of Mr. Hardikbhai Rajubhai Patel as Whole Time Director for three years.
• Appointment of Mr. Manish R. Patel as the Secretarial Auditor for a five-year term.

Financial Empowerment

Shareholders approved several resolutions aimed at enhancing the company's financial flexibility:

• Increased borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• Approval to provide loans, guarantees, and securities under Section 185 and 186 of the Companies Act, 2013.
• Authorization to create charges on the company's assets.

Insider Trading Compliance

In compliance with SEBI regulations, Starlineps Enterprises has announced the closure of its trading window for designated persons from October 1, 2025, until 48 hours after the declaration of its Q2 FY2026 financial results.

These developments indicate that Starlineps Enterprises is positioning itself for growth and diversification, while also strengthening its corporate governance practices. The increase in authorized share capital, coupled with the expansion of business objectives, suggests that the company may be preparing for significant operational changes or potential fundraising activities in the near future.