We hereby submitted the Voting results along with scrutinizer''s report for the EGM dated 24th February, 2026
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Starlineps Enterprises Ltd held an Extra-Ordinary General Meeting (EGM) on 24th February 2026 where all 4 resolutions were passed with overwhelming majority. The resolutions approved: (1) increasing authorized share capital from Rs. 60 crore to Rs. 100 crore, (2) altering the Object Clause of the Memorandum of Association, (3) issuing up to 7 crore equity shares of Re. 1 face value to non-promoters on a preferential basis, and (4) issuing up to 48 crore convertible warrants of Re. 1 face value to promoters and non-promoters on a preferential basis. Voting was conducted via e-voting with a total turnout of about 36.93% of outstanding shares (134.11 million out of 363.13 million shares). All resolutions received over 99.7% votes in favour. Promoters abstained from voting on the preferential allotment to non-promoters (Resolution 3). The company is listed only on BSE (scrip 540492), not on NSE.
The approvals clear the way for a major capital expansion plan — the authorized capital hike plus potential issuance of up to 7 crore shares and 48 crore warrants represents significant possible dilution for existing shareholders, though it could also unlock substantial fundraising. Shareholders should watch for forthcoming announcements on pricing and allotments under the preferential issues.