We wish to inform you that the Company has entered into MoU with Celloraa Energy Private Limited for granting of loan.
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StarlinePS Enterprises Limited has entered into a Memorandum of Understanding (MoU) with Celloraa Energy Private Limited on 14th May 2026. Under this agreement, the company will provide an unsecured loan of up to Rs. 20 Crore to Celloraa Energy for business purposes. The loan carries an interest rate of 9% per annum. The company has clarified that this is not a related party transaction and that they hold no shareholding in the borrower. At present, the total outstanding amount stands at Nil, indicating the loan disbursement may be staggered or yet to begin.
This loan grant represents a significant financial commitment equivalent to roughly 20% of the company's book value (based on typical small-cap structures). The 9% interest rate provides a steady income stream. However, as an unsecured loan with no collateral mentioned, there is credit risk exposure for shareholders.