Increased in authorized share capital of the company and consequently change in the capital clause of the MoA of the Company.
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Starlineps Enterprises Ltd has received shareholder approval at an Extra Ordinary General Meeting held on 24th February 2026 to increase its Authorized Share Capital from Rs. 60 crore (divided into 60 crore equity shares of Re. 1 each) to Rs. 100 crore (divided into 100 crore equity shares of Re. 1 each). This represents a 66.67% increase in the authorized capital ceiling. Clause V of the Memorandum of Association has been amended accordingly. The face value of shares remains unchanged at Re. 1. This is a regulatory step that gives the company room to potentially issue more shares in the future, but no actual issuance has been announced yet.
This is a preparatory corporate action — it expands the company's capacity to raise fresh equity but does not by itself result in any dilution or new shares being issued. Shareholders should watch for follow-up announcements (such as a rights issue, preferential allotment, or bonus issue) that may utilize this expanded capital.