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. Saturday, 24th January, 2026 ....
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Awaiting price reaction for this filing.
Starlineps Enterprises Ltd's board, meeting on 24th January, 2026, approved several major actions subject to shareholder approval at an EGM on 24th February, 2026. Authorised share capital will rise from Rs. 60 Crore to Rs. 100 Crore (divided into 100 Crore equity shares of Rs. 1 each). The company will issue up to 7 Crore equity shares to 187 non-promoter allottees on a preferential basis at Rs. 6 per share (Rs. 1 face value + Rs. 5 premium), raising Rs. 42 Crore. Separately, it will issue up to 48 Crore convertible warrants to promoters and non-promoters at Rs. 6 per warrant, convertible into equity over 18 months, potentially raising another Rs. 288 Crore. The object clause of the MoA will also be amended to add a new sub-clause permitting fashion, apparel, garments, jewellery, footwear, and lifestyle product businesses. Total allottees: 199.
This is a sizeable capital raise of up to Rs. 330 Crore (if all warrants are converted) that will materially dilute existing shareholders—promoter stake drops to 39.12% post-allotment while non-promoter holding rises to 60.88%. The share price may come under short-term pressure on dilution concerns, though the MoA amendment signals a strategic expansion or pivot into the fashion and lifestyle segment.