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

STARLINEPS ENTERPRISES has announced a board meeting where it decided to raise funds through a preferential issue. The company will issue up to 7 crore equity shares to non-promoters at Rs 6 each, raising 42 Cr. Additionally, it will issue up to 48 crore convertible warrants to both promoters and non-promoters at Rs 6 each, totaling 288 Cr. These warrants are convertible into equity shares over 18 months. This move aims to bolster the company's capital, with shareholder approval pending for these issuances. Post-allotment, promoter and non-promoter shareholding stands at 39.12% and 60.88% respectively.