The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varshaben Dhirajlal Koradiya & Others
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On the reaction day the stock moved 5.6 pts less than Nifty Microcap 250 and 6.7 pts less than its Metals & Minerals Trading peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Varshaben Dhirajlal Koradiya and Dhirajbhai Vaghjibhai Koradiya, along with persons acting in concert, have increased their combined holding in Starlineps Enterprises Ltd from 36.14% to 39.12% of the equity share capital. The acquisition was made via a Rights Issue, with promoters collectively receiving 4,83,14,486 additional equity shares on October 8, 2025. As a result, Varshaben's stake rose from 12.84% to 15.82%, while Dhirajbhai's stake remained at 23.30% but in higher absolute share count (from 6,04,46,442 to 8,46,25,018 shares). The company's total equity share capital increased from Rs. 25.94 crore to Rs. 36.31 crore due to the Rights Issue allotment.
This shows promoter confidence as they participated in the Rights Issue, strengthening their control in the company. The increased shareholding is mildly positive for retail investors as it signals promoter belief in the company's growth, though the promoter group remains below the 50% majority threshold.