We hereby enclosed voting result along with consolidated scrutinizer''s report on e-Voting of the 14th AGM of the Company.
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Starlineps Enterprises Ltd held its 14th Annual General Meeting on 25th September 2025 via video conferencing, with 34 shareholders attending out of 48,061 on the record date. All 12 resolutions were passed, including adoption of FY25 audited financial statements, re-appointment of directors, appointment of the secretarial auditor, and approvals for related party transactions and loans/guarantees under Sections 185, 186, and 180(1)(a)/(c) of the Companies Act. Shareholders also approved increasing the company's authorized share capital from Rs. 37 crore to Rs. 60 crore and altering the Object Clause of the MoA. Every resolution received over 95% approval, with the promoter group (holding 93,754,676 shares or ~36% of the 25.94 crore outstanding shares) voting unanimously in favour, while public non-institutional holders showed 1-6% dissent on resolutions involving director appointments and related party transactions. Voting was conducted through remote e-voting and e-voting during the AGM, supervised by scrutinizer Manish R. Patel.
All routine AGM business was cleared smoothly with no surprises — shareholders should note the approved increase in authorized share capital (from Rs. 37 crore to Rs. 60 crore) and broader borrowing powers could enable future fundraising or debt expansion, potentially leading to equity dilution or higher leverage. The modest public dissent (up to 6.4%) on director re-appointments and related party transactions is worth monitoring but not material at this stage.