Starlineps Enterprises Ltd

Issue Overview

• Type: Private placement cum preferential issue; equity shares and convertible warrants.
• Total issue size and net proceeds reported with equity undersubscription; warrants fully subscribed.
• Main objectives: funding acquisition, expansion of existing and new business, and general corporate purposes.

Utilisation of Proceeds

• Utilisation as per offer document: yes.
• Deviations: no material deviation observed.
• Funding the acquisition: utilisation aligned with disclosures.
• Expansion of existing and new business: utilisation aligned with disclosures.
• General Corporate Purpose: funds partially utilised; unutilised funds parked in fixed deposits and in current account.

Governance & Compliance

• Approvals: all statutory and shareholder approvals obtained.
• Material events: none reported that affect viability.
• Other: no additional information affecting investor decision.

General Corporate Purpose (GCP)

• GCP: funds deployed; board approval status not explicitly documented in MA.

Issue Overview

• Type of issue: private placement cum preferential; securities include equity shares and convertible warrants.
• Total issue size disclosed; no revision or undersubscription observed.
• Main objectives: funding acquisition, expansion, and general corporate purposes.

Utilisation of Proceeds

• Utilisation is as per offer document; no material deviations observed.
• Means of finance unchanged; no changes in allocation among objects.
• Object-wise status: acquisition and expansion show no quarterly utilisation; GCP shows partial utilisation.
• Unutilised funds are parked in fixed deposits; minor funds kept for ongoing needs.

Governance and Compliance

• All government/statutory approvals related to objects obtained.
• No material events or information affecting viability identified.
• No conflicts of interest or material investor-impacting information indicated by MA.

General Corporate Purpose (GCP)

• GCP utilised; payments to creditors.
• Board approval for GCP allocation not indicated in the report.
• Unutilised GCP funds largely represented by fixed deposits.

Committee reconstitution

• Board approves committee reconstitution; Deep Trivedi appointed Chair from 23 Aug 2026; Yashkumar Trivedi to continue as Chair.
• Audit Committee post-change: Deep Trivedi Chair; Jenish Bhavsar and Shwetkumar Koradiya Members.
• Nomination & Remuneration Committee post-change: Deep Trivedi Chair; Jenish Bhavsar; Shreyansh Baid Members.
• Stakeholders Relationship Committee post-change: Shreyansh Baid Chair; Jenish Bhavsar; Deep Trivedi Members.
• Risk Management Committee post-change: Deep Trivedi Chair; Jenish Bhavsar; Shreyansh Baid Members.
• Corporate Social Responsibility Committee post-change: Shwetkumar Koradiya Chair; Deep Trivedi; Shreyansh Baid Members.

Standalone quarterly highlights

• Standalone total income for Q1 FY2026: Rs 2,017.22 lakh.
• Standalone revenue from operations: Rs 2,017.22 lakh in the quarter.
• Standalone net profit after tax: Rs 39.49 lakh; EPS: Rs 0.01.

Consolidated quarterly highlights

• Consolidated total income for Q1 FY2026: Rs 2,017.73 lakh.
• Consolidated revenue from operations: Rs 2,017.73 lakh.
• Consolidated net profit after tax: Rs 35.89 lakh; Basic EPS: Rs 0.01.

Capital actions and equity

• Rights issue: 10,37,52,000 equity shares; listing approved 08-11-2025.
• Equity share capital raised to Rs 100 crore.
• 00 crore convertible warrants issued at Rs 6; 25% upfront.
• Warrants exercisable within 18 months; listing/trading approvals obtained.

Cessation of Independent Director

• Yashkumar Trivedi, Independent Director, ceases 22 Aug 2026 after first term; unwilling to be reappointed.
• Will cease to be Chairperson/Member of Audit, Nomination & Remuneration, Stakeholders' Relationship, Risk Management, CSR committees.

Dematerialisation processing and listing status

• Securities received for dematerialisation up to 30 June 2026 were confirmed to depositories and listed on exchanges.
• Security certificates for dematerialisation were mutilated and cancelled; depository name substituted within 15 days.

Purpose

• Intends to obtain shareholder consent on resolutions via postal ballot per notice.

Calendar of events

• Board resolution calling postal ballot dated 29/06/2026.
• Scrutinizer appointed on 29/06/2026.
• Notice dispatch completed on 02/07/2026.
• Voting starts 03/07/2026 at 09:00 IST.
• Voting ends 01/08/2026 at 17:00 IST.
• Scrutinizer report to be submitted by 03/08/2026.
• Declaration of result by Chairman by 03/08/2026.
• EVoting cut-off date: 26/06/2026.

Voting modality

• Voting will be conducted only through remote e-voting.
• No physical ballot forms will be dispatched.

Accessibility

• Postal Ballot Notice available on the company website.

E-voting for Postal Ballot

• Purpose: enable remote e-voting on all resolutions in the Postal Ballot Notice.
• Window: 03 Jul 2026 09:00 IST to 01 Aug 2026 17:00 IST.
• Cut-off: 26 Jun 2026; eligible holders on cut-off date.
• Deemed passed on last date of e-voting if approved by requisite majority.
• Queries: evoting@nsdl.co.in.