Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, we wish to inform you that Board of Directors in its meeting held on 27th June, 2025, has inter-alia, considered and approved ....
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Starlineps Enterprises Ltd's Board of Directors, at its meeting on 27th June 2025, approved raising funds through a Rights Issue of equity shares of face value ₹1 each. The total issue size is up to ₹20.75 crore (₹20,75,04,000). Existing eligible equity shareholders as on the record date (to be notified later) will be offered the shares. The pricing, record date, and detailed terms will be set out in the letter of offer that will be sent to shareholders in due course. The issue is subject to SEBI, stock exchange, and Companies Act approvals.
Existing shareholders will get a chance to subscribe to their proportionate share and maintain their holding percentage, but those who don't participate may see their stake diluted. The fresh capital (up to ₹20.75 crore) can strengthen the company's balance sheet for growth or working capital needs, though the specific end-use has not been disclosed in this filing.