Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Company in their Meeting held today i.e. Thursday, 12th February, 2026, ....
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StarlinePS Enterprises Ltd (BSE: 540492), engaged in diamond and jewellery trading, held its board meeting on 12 February 2026 and approved three key items. First, the unaudited standalone and consolidated financial results for Q3 FY26 and nine months ended 31 December 2025 were approved, with statutory auditors issuing a clean limited review report. Standalone Q3 revenue from operations stood at Rs. 2,019.35 lakhs versus Rs. 1,787.33 lakhs in Q3 FY25, while net profit was Rs. 73.31 lakhs (vs Rs. 136.44 lakhs YoY); for 9M FY26, net profit declined sharply to Rs. 318.44 lakhs from Rs. 747.16 lakhs in the prior-year period. Second, the board approved an unsecured loan of up to Rs. 10 crore to DNB Textiles Private Limited at 9% per annum interest, with no security and no related-party connection. Third, the board approved writing off capital work-in-progress of Rs. 529.36 lakhs. The meeting ran from 3:00 PM to 4:40 PM.
Mixed signal for shareholders — profitability has weakened meaningfully YoY despite modest revenue growth in Q3, and the Rs. 5.29 crore write-off of capital work-in-progress suggests scrapping of earlier capacity plans. The Rs. 10 crore loan deployment to an external party at 9% interest is a treasury/corporate action rather than core business growth, and may draw scrutiny over capital allocation discipline given the sharp 9M profit decline.