Starlineps Enterprises Ltd. Approves Preferential Allotment of Equity Shares and Convertible Warrants

Starlineps Enterprises Ltd. announced that its Board of Directors approved the allotment of 6,78,33,700 equity shares and 48,00,00,000 convertible warrants to non-promoter and promoter investors on a preferential basis. The equity shares, having a face value of Re. 1/- each, will be issued at a price of Rs. 6/- per share, including a premium of Rs. 5/- per share. The convertible warrants, priced at Rs. 6/- per warrant, can be converted into one fully paid-up equity share of the company within 18 months of allotment. The allotment will increase the company's paid-up equity share capital from Rs. 36,31,32,000 to Rs. 43,09,65,700.