We hereby submit the proceeding of the Extra Ordinary General Meeting of the Company held on 24th February, 2026 through VC/OAVM.
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StarlinePS Enterprises held an Extra Ordinary General Meeting on 24th February 2026 via video conferencing, attended by 39 members and chaired by CMD Mr. Shwetkumar Koradiya. Four resolutions were placed before members: (1) an ordinary resolution to raise the authorized share capital from Rs. 60 crore to Rs. 100 crore, (2) a special resolution to alter the Object Clause of the Memorandum of Association, (3) a special resolution to issue up to 7 crore equity shares of Re. 1 face value to non-promoters on a preferential basis, and (4) a special resolution to issue up to 48 crore convertible warrants (convertible into equity shares of Re. 1 each) to promoters and non-promoters on a preferential basis. The Chairman mentioned the company's progress and an upcoming preferential issue round. Voting was conducted electronically via NSDL, with CS Manish R. Patel appointed as Scrutinizer; voting results were to be filed with BSE separately.
If approved, the company is set for a major capital expansion — authorized capital rises by 67% and combined preferential issues could bring in fresh equity from promoters and non-promoters. Shareholders should note significant potential dilution from the 7 crore equity shares and 48 crore convertible warrants on a low face value of Re. 1, and watch for the voting results announcement on BSE for the final outcome.