PFA copy of the Letter of Offer dated 28/08/2025 for the Rights issue of the Company.
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Awaiting price reaction for this filing.
StarlinePS Enterprises Ltd has filed the Letter of Offer dated August 28, 2025, for its proposed rights issue. The company will offer up to 10,37,52,000 equity shares of face value ₹1 each at an issue price of ₹2 per share (including a ₹1 premium), aggregating up to ₹20.75 crore. Eligible shareholders can subscribe in the ratio of 2 rights shares for every 5 fully paid-up equity shares held on the record date of September 8, 2025. The issue opens on September 15, 2025 and closes on September 23, 2025, with listing on BSE expected by September 26, 2025. Bigshare Services is the registrar and ICICI Bank is the banker to the issue.
Eligible shareholders need to act before the record date (September 8, 2025) to receive rights entitlements. The issue is at a premium to face value but does not indicate any discount to market price, so existing shareholders should evaluate whether to subscribe, renounce, or let the rights lapse based on the current trading price.