We are pleased to enclose herewith a Notice of 14th AGM with Annual Report of the Company for the FY 2024-25.
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Starlineps Enterprises has filed the notice for its 14th Annual General Meeting scheduled for Thursday, 25th September 2025 at 4:00 p.m. via video conferencing, along with the Annual Report for FY 2024-25. The AGM includes ordinary business such as adoption of audited standalone and consolidated financial statements and re-appointment of Mr. Shwetkumar Koradiya (retiring by rotation). The notice also seeks shareholder approval for several special items: re-appointment of Mr. Shwetkumar Koradiya as Chairman & Managing Director (Rs. 1 lakh/month) and Mr. Hardikbhai Patel as Whole-Time Director (Rs. 25,000/month), each for 3 years; appointment of Mr. Manish R. Patel as Secretarial Auditor for 5 years; approval of material related party transactions with wholly-owned subsidiary StarlinePS International Pvt Ltd; and authority to give loans/guarantees up to Rs. 100 crore under Section 185 and investments up to Rs. 100 crore under Section 186. Shareholders will also vote on raising borrowing limits to Rs. 500 crore under Section 180(1)(c) and 180(1)(a), increasing authorised share capital from Rs. 37 crore to Rs. 60 crore, and altering the object clause to add chemical manufacturing and renewable energy businesses.
The resolutions significantly expand the company's financial and operational flexibility — a Rs. 500 crore borrowing ceiling, Rs. 100 crore loan/guarantee authority, and higher authorised capital signal room for future fundraising and expansion. The proposed addition of chemicals and renewable energy to the object clause hints at a potential business pivot, which shareholders should evaluate carefully.