The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varshaben D Koradiya
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Promoter Varshaben Dhirajlal Koradiya bought 1,20,29,042 equity shares (4.64% of total capital) of StarlinePS Enterprises Ltd through open market purchases on May 27 and May 28, 2025, at Rs. 6.67 and Rs. 6.75 per share respectively. Her individual stake rose from 8.21% (2,12,79,192 shares) to 12.85% (3,33,08,234 shares). Combined promoter group holding (with PAC Dhirajbhai Vaghjibhai Koradiya) increased from 31.51% to 36.15%. The company's total equity share capital remains at Rs. 25.94 crore divided into 25.94 crore equity shares of Re. 1 each. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011.
Positive signal for shareholders — a promoter is increasing her stake through open market purchases at market price, which typically reflects confidence in the company's prospects. Retail investors may view this as a bullish insider signal, though the stock trades at very low prices (Rs. 6-7 range) indicating a small-cap with limited liquidity.