Rights issue - PFA herewith a copy of the Newspaper Advertisement for proposed rights issue of the equity shares of the Company.
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Awaiting price reaction for this filing.
Starlineps Enterprises Ltd has announced a rights issue of up to 10,37,52,000 equity shares at ₹2 per share (face value ₹1, premium ₹1), aiming to raise up to ₹20.75 crore. Eligible shareholders as of the record date (Tuesday, 09 September 2025) can subscribe in the ratio of 2 rights shares for every 5 shares held. The issue opens on 15 September 2025 and closes on 23 September 2025, with on-market renunciation allowed till 18 September. The promoters are Mrs. Varshaben Dhirajbhai Koradiya and Mr. Dhirajbhai Koradiya. This filing is specifically about the newspaper publication of the rights issue notice in Financial Express (English and Gujarati) and Jansatta (Hindi), as required under SEBI regulations.
Existing shareholders will see their stake diluted by about 40% unless they subscribe to their full entitlement, and need to decide before 23 September 2025. The shares are being issued at just ₹2 per share, which could put short-term pressure on the stock price ex-rights.