We hereby enclosed a copy of the Newspaper advertisement - Basis of allotment - Rights Issue
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Awaiting price reaction for this filing.
Starlineps Enterprises Ltd has completed its Rights Issue, which opened on September 15, 2025 and closed on September 23, 2025. The company issued up to 10,37,52,000 fully paid-up equity shares of face value ₹1 each at ₹2 per share (including ₹1 premium), aggregating up to ₹2,075.04 lakhs, in the ratio of 2 rights shares for every 5 shares held. The issue received 4,311 applications for 10,58,37,469 shares, of which 20,85,469 shares were technically rejected. The valid applications came in at 3,798 for 10,37,52,000 shares, representing 100% subscription. The Board approved the basis of allotment on October 6, 2025, with no shares kept in abeyance. Credit of shares to demat accounts was completed around October 7, 2025, and trading of the new shares on BSE is expected to commence on October 10, 2025.
Shareholders will see dilution as 10.37 crore new shares (versus the existing 8.76 crore equity capital) are added, increasing total equity by roughly 118%. The 100% subscription signals full participation, and the listing of new shares from October 10, 2025 may temporarily pressure the stock price as additional supply enters the market.