Increased in authorized share capital of the Company and consequently change in capital clause of the MoA of the Company.
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Starlineps Enterprises has informed BSE that its Board, at a meeting held on 24 January 2026, approved increasing the company's Authorized Share Capital from Rs. 60 crore (60 crore equity shares of Rs. 1 each) to Rs. 100 crore (100 crore equity shares of Rs. 1 each). This is a jump of Rs. 40 crore in the authorised capital ceiling. Clause V of the Memorandum of Association will be amended accordingly. The change requires shareholder approval at an upcoming Extra Ordinary General Meeting (EGM). The face value of shares remains Rs. 1, so this is not a stock split. The company has not announced any specific fundraising, bonus issue, or rights issue alongside this change.
This is a routine corporate housekeeping step that creates room for future capital-raising actions such as a rights issue or preferential allotment, but no immediate dilution or cash event is announced. Shareholders should watch for the EGM and any follow-up filing that specifies how the new authorised capital will be used.