We would like to inform that Rights Issue Committee members in their meeting held on Wednesday, 01 October, 2025, in which interalia, transacted the businesses as per attached file.
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Starlineps Enterprises' Rights Issue Committee met on October 1, 2025, and decided to proceed with the rights issue after receiving BSE clarification that the minimum 90% subscription requirement under SEBI ICDR Regulation 86 does not apply. The committee noted BSE's advice on handling the unsubscribed portion of the issue and approved a newspaper advertisement to inform investors of this clarification. Additionally, the unsubscribed portion of the rights issue will be offered to the company's promoters, in line with the Companies Act, 2013 and the company's Articles of Association.
Investors can expect the rights issue to move forward, with promoters likely to pick up any shares left unsubscribed, which may provide some support to the issue's completion. The non-applicability of the 90% minimum subscription rule reduces the risk of the rights issue being withdrawn.