We wish to inform you that Company has entered into MoU with DNB Textiles Private Limited for granting of Loan.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
StarlinePS Enterprises Ltd has signed a Memorandum of Understanding (MoU) with DNB Textiles Private Limited on 12th February 2026 to grant an unsecured loan of up to Rs. 10 Crore for business purposes of the borrower. The loan will carry an interest rate of 9% per annum. DNB Textiles is not related to the promoters or group companies, there is no shareholding involved, and the agreement does not carry any special rights like board seats or share subscription rights. The outstanding loan amount as on date is nil, indicating this is a fresh commitment.
The company is deploying up to Rs. 10 Crore as a financial assistance to an unrelated textile entity, which may impact cash availability but earns interest income at 9% p.a. This is a treasury/financial activity rather than a core business development, so limited direct impact on shareholders is expected unless there are concerns about recovery.