We wish to inform you that the Company has signed the MOU to acquire stake of the Tobias Amines Limited from its promoters and existing Shareholders.
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Starlineps Enterprises Ltd has signed an MOU on 5 January 2026 to acquire a 12.15% stake (30,375 equity shares) in Tobias Amines Limited, a chemical company specializing in intermediates for food colors, dyes, specialty chemicals, and contract research/manufacturing services (CRAMS). The acquisition is from the target's promoters and existing shareholders, Mr. Nishant Mineshbhai Shah and Mr. Rajeshkumar Baldevbhai Patel, for a cash consideration of Rs. 116.10 per share, totalling about Rs. 35.27 lakhs. The deal is expected to complete on or before 28 February 2026 and is not a related-party transaction. Notably, the target reported a turnover of only Rs. 54.6 lakhs in FY25 with nil revenue in the two prior years.
This is a small minority acquisition (12.15%) in a relatively tiny, early-stage chemical company and is unlikely to materially impact Starlineps' financials or share price. It signals a possible diversification into the chemicals segment but lacks scale to be a game-changer for shareholders at this stage.