Starlog Enterprises Limited has informed the Exchange regarding Board meeting held on April 07, 2025.
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Starlog Enterprises' Board of Directors, at its meeting on April 07, 2025, appointed Ms. Gunjan Sanghavi as the new Company Secretary and Compliance Officer (Key Managerial Personnel), effective the same day. She is an Associate Member of ICSI with over two years of experience in secretarial compliance, most recently at Sterling and Wilson Data Center Pvt Ltd. Separately, the Board approved a preferential allotment of 30 lakh equity shares to Yellowstone Investments at Rs. 50 per share (including Rs. 40 premium), raising Rs. 15 crore in aggregate. This expands the company's paid-up equity capital from 1,19,66,985 shares to 1,49,66,985 shares.
The Rs. 15 crore equity infusion strengthens the company's capital base, though the preferential allotment at a significant premium to face value reflects fundraising rather than dilution concerns. The new Company Secretary appointment strengthens compliance functions, and shares allotted are subject to standard lock-in requirements.