We wish to inform you that the Board of Directors in their Meeting held today i.e. Thursday, 14th May, 2026, in which, inter alia transacted the business as per attached file.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of StarlinePS Enterprises Limited met on May 14, 2026, and took note of a monitoring agency report from Acuite Ratings & Research regarding utilization of proceeds from a previous preferential issue of equity shares and convertible warrants for the quarter ended March 31, 2026. Additionally, the Board approved entering into a Memorandum of Understanding with Celloraa Energy Private Limited to grant an unsecured loan of up to Rs. 20 Crore at an interest rate of 9% per annum for the borrower's business purposes. The company clarified that Celloraa Energy is not a related party and has no shareholding in the entity. The loan will be unsecured with no security provided.
The Rs. 20 Crore loan to Celloraa Energy represents a significant deployment of funds that exposes the company to credit risk on a single borrower. This signals the company is diversifying into financial assistance activities, though without any board representation rights or subscription rights in the borrower, limiting its influence over the funds.