Starlineps Enterprises Ltd — Important, 23-03-2026: Company Update

STARLINEPS Enterprises' Board has approved a preferential allotment of 6.78 Cr equity shares to non-promoters for Rs. 40.70 Cr, increasing the paid-up capital to Rs. 43.10 Cr. Additionally, 48 Cr convertible warrants were allotted to promoters and non-promoters at Rs. 6 each, aggregating Rs. 288 Cr. The company has already received Rs. 72 Cr as an upfront payment. These warrants are convertible into equity shares within 18 months upon payment of the balance, strengthening the company's capital base.