Letter of Offer and other issue materials in connection with the proposed rights issue.
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Starlineps Enterprises Ltd has filed the Letter of Offer dated August 28, 2025 for a proposed rights issue of up to 10,37,52,000 fully paid-up equity shares of face value ₹1 each at an issue price of ₹2 per share (including ₹1 premium), aggregating up to ₹20.75 crore. Eligible shareholders can subscribe in the ratio of 2 rights shares for every 5 equity shares held on the record date, which is Monday, September 8, 2025. The issue opens on September 15, 2025 and closes on September 23, 2025, with allotment and listing expected on September 24 and September 26, 2025 respectively. The rights shares will be listed on BSE, and the company's promoters are Mrs. Varshaben Dhirajbhai Koradiya and Mr. Dhirajbhai Koradiya. Bigshare Services Private Limited is the registrar to the issue.
Existing shareholders as on the record date (September 8, 2025) will need to decide whether to subscribe to their rights entitlement or let it lapse; non-participation could dilute their holding. The stock will trade ex-rights around the record date, and the company's share count will rise by up to ~40% if fully subscribed, potentially impacting earnings per share and short-term price action.