Starlineps Enterprises Ltd — Important, 24-01-2026: Company Update

StarlinePS Enterprises' board has approved a plan to raise significant capital. This involves issuing up to 7 crore equity shares to non-promoters at Rs. 6 each, aiming to raise Rs. 42 crore. Additionally, the board approved issuing up to 48 crore convertible warrants to promoters and non-promoters at Rs. 6 each, which can convert into equity shares over 18 months, potentially raising Rs. 288 crore. These moves, pending shareholder approval, are set to increase the company's capital and could lead to promoter and non-promoter shareholdings adjusting to 39.12% and 60.88% respectively.