Starlineps Enterprises Preferential Issue In-Principle Approval From BSE; Shares Fall 1.92%

Mumbai, March 10: Starlineps Enterprises Limited informed the exchange on March 10, 2026 that BSE Limited has granted an in-principle approval for the company’s proposed preferential issue of equity shares and fully convertible warrants, according to an exchange disclosure submitted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The approval was communicated through BSE letter number LOD/PREF/TT/FIP/1836/2025-26 dated March 9, 2026. The clearance relates to the proposed issuance of 7,00,00,000 equity shares with a face value of ₹1 each at an issue price of ₹6 per share to non-promoters on a preferential basis.

In addition, the exchange approved the proposed issuance of 48,00,00,000 fully convertible warrants. Each warrant is convertible into one equity share of face value ₹1. The warrants will also be issued at a price not less than ₹6 each and are proposed to be allotted to promoters and non-promoters through the preferential route.

The company had earlier notified the market about the proposed capital raising initiative through a communication dated January 24, 2026. The present exchange letter confirms regulatory clearance to proceed with the issuance subject to compliance with applicable statutory provisions and post issue listing formalities.

BSE clarified in its communication that the in-principle approval should not be construed as final listing permission for the securities. The company must separately comply with provisions under the Companies Act, 2013, the Securities Contracts (Regulation) Act, 1956, the SEBI Act, 1992 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Share Price Movement On March 10, 2026

Starlineps Enterprises share price declined during Tuesday’s trading session following the disclosure.

According to exchange data, the stock closed at ₹12.25 on March 10, 2026, down ₹0.24 or 1.92% compared with the previous close of ₹12.49. The stock traded within a narrow intraday range with a recorded high of ₹12.73 and a low of ₹12.25.

Market capitalisation of the company stood near ₹444.84 crore based on the closing price. The decline followed the announcement of the regulatory approval for the preferential capital raising proposal.

Exchange records indicate that the security is listed on BSE under scrip code 540492.

Regulatory Conditions Attached To The Approval

BSE’s letter outlines several procedural and compliance conditions linked to the preferential issue.

The company must ensure that the issuance and allotment of securities comply with provisions of Chapter V of the SEBI ICDR Regulations, 2018. The exchange also directed the company to strengthen internal monitoring systems to track trading activity by proposed allottees in the company’s securities before the allotment process.

As part of the compliance framework, the issuer must obtain an undertaking from proposed allottees confirming that they will not engage in intraday trading or sell shares of the company until the allotment date of the securities.

The exchange further stated that the issuer bears sole responsibility for verifying compliance with applicable regulations including Regulation 167(6) of the SEBI ICDR Regulations, 2018.

Upon completion of the allotment process, the company must file a listing application along with applicable fees in accordance with Regulation 14 of the SEBI LODR Regulations. The filing must be made without delay and within twenty days from the date of allotment as specified under SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.

Company Background

Starlineps Enterprises Limited is a Gujarat based listed entity with its registered office in Surat. The company operates across trading and related commercial activities as indicated in its corporate filings.

The company’s equity shares are listed on BSE and the issuer maintains compliance reporting through periodic disclosures to the exchange under the SEBI LODR framework.

Preferential issues are commonly used by listed companies to raise capital from strategic investors or promoters without undertaking a public offering. Such issuances require shareholder approval and regulatory clearance from stock exchanges prior to allotment.

Conclusion

The exchange’s in-principle approval allows Starlineps Enterprises Limited to proceed with its proposed preferential issue of equity shares and convertible warrants priced at ₹6 per security.

Final allotment and listing of the securities will remain subject to regulatory compliance, statutory filings and completion of post issue formalities prescribed under SEBI ICDR and LODR regulations. The company must also submit the listing application within the regulatory time frame following allotment of the securities.

Source:

https://www.bseindia.com/xml-data/corpfiling/AttachLive/a853b350-1c49-4e13-90a1-53432838fbd3.pdf