We hereby inform that Capital Work in Progress has been written off upon the recommendation of the Audit Committee.
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Starlineps Enterprises has informed the stock exchanges that an amount of Rs. 529.36 Lacs, previously shown as Capital Work-in-Progress (CWIP) in its books, has been written off. The decision was taken on the recommendation of the Audit Committee and approved by the Board at their meeting held on 12th February 2026. The disclosure has been made under Regulation 30 of SEBI Listing Regulations. A CWIP write-off means the company is treating the previously capitalised amount as an expense/loss, typically because the underlying project did not yield the expected benefits or is no longer viable.
This is a negative one-time charge that will reduce the company's profits and net worth for the current period. It signals that an earlier capital project has been abandoned or impaired, which may dent investor confidence in the company's project execution.