The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varshaben Koradiya
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Promoters of StarlinePS Enterprises Ltd — Varshaben Koradiya and Dhirajbhai Koradiya — acquired additional equity shares by subscribing to the company's Rights Issue. Varshaben's stake rose from 12.84% (3.33 crore shares) to 15.82% (5.74 crore shares), while Dhirajbhai's stake held steady at 23.30% (rising from 6.04 crore to 8.46 crore shares in absolute terms). Combined promoter group holding increased from 36.14% to 39.12% of the paid-up share capital. The acquisition was carried out under the exemption provided by Regulation 10(4)(b)(i) and 10(4)(b)(ii) of the SEBI Takeover Regulations, so no open offer was triggered.
The promoter group has voluntarily invested more money into the company, raising their combined stake by roughly 3 percentage points — a sign of confidence in the business. For shareholders, this is generally a positive signal as promoters' interests are more closely aligned with minority shareholders, though overall promoter holding remains below the 50% majority-controlling mark.