Starlog Enterprises Limited has informed the stock exchange regarding appointment of Company Secretary and Compliance Officer
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Starlog Enterprises appointed Ms. Gunjan Sanghavi as Company Secretary and Compliance Officer (Key Managerial Personnel) effective April 7, 2025, based on the Nomination and Remuneration Committee's recommendation. She is an Associate Member of ICSI with an M.Com degree and over two years of secretarial compliance experience, most recently at Sterling and Wilson Data Center Private Limited. In a separate decision, the board approved the allotment of 30,00,000 equity shares at Rs. 50 per share (including Rs. 40 share premium) to Yellowstone Investments on a preferential basis, raising Rs. 15 crores. The company's post-allotment paid-up share capital rises to Rs. 14.97 crores (1,49,66,985 shares) from Rs. 11.97 crores (1,19,66,985 shares), a roughly 25% increase. The new shares are subject to SEBI ICDR lock-in rules and will require BSE listing approval.
The CS appointment restores a key compliance role, while the Rs. 15 crore preferential allotment to a single investor (Yellowstone Investments) will dilute existing shareholders by approximately 25% in exchange for fresh capital. Retail investors should monitor the stated end-use of the raised funds and any further disclosures from the new significant shareholder.