BSECompany Update13 Aug 2026 · 13 Aug 2026, 06:06 pm
We hereby attached the Monitoring agency report for the quarter ended 30th June, 2026.
Starlineps Enterprises Ltd · 540492
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Starlineps Enterprises Ltd has attached the Monitoring agency report for the quarter ended 30th June, 2026, as per Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report by Acuite Ratings & Research Limited states that there is no deviation from the objects of the issue and no material fact to be highlighted.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Starlineps Enterprises Ltd - 540492 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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STARLINEPS ENTERPRISES LIMITED
CIN: L14101GJ2011PLC065141
Regd. Off: Office No. 805, Solaris Bay View, Near Iscon Mall,
Piplod, Surat-395007, Gujarat, India.
Contact No: +91-7574999004 Email ID: info@starlineps.com
Website: www.starlineps.com
13th August, 2026
The Corporate Relations Department
BSE Limited
P. J. Towers, Dalal Street,
Mumbai-400001, Maharashtra
Scrip Code: 540492
Subject: Monitoring Agency Report for the quarter ended 30th June, 2026.
Dear Sir/Madam,
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with Regulation 162A of the SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018, please find enclosed herewith Monitoring Agency Report issued by
Acuite Ratings & Research Limited in respect of utilisation of proceeds raised through Preferential Issue
of Equity shares and Convertible Warrants of the Company for the quarter ended 30th June, 2026.
The said report has been duly reviewed by the Audit Committee and taken on record by the Board at
their respective meetings held on 13th August, 2026.
The aforesaid information is also being made available on the website of the Company at
www.starlineps.com.
You are requested to take the same on record.
Thanking You.
For StarlinePS Enterprises Limited
Madhuriben Chhatrola
Company Secretary and Compliance officer
ACS No: 74197
Report of the Monitoring Agency (MA)
Name of the issuer : Starlineps Enterprises Limited
For quarter ended : Q1-FY2026-27
Name of the Monitoring Agency : Acuité Ratings and Research Limited
(a) Deviation from the objects : Acuité Ratings and Research Limited
(b) Range of Deviation : No Deviation is observed.
(C) Any other material fact to be highlighted : None
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided
by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent
verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal
in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship
between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38)
of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation
for its ratings and certain credit-related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization
of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report
under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to
the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and
the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Vikas Mishra
Deputy Vice President - Process Excellence
Report Date: August 13, 2026
1. Issuer Details:
Name of the issuer : Starlineps Enterprises Limited
Names of the promoter : Mr. Shwetkumar Koradiya
Industry/sector to which it belongs : Trading – Minerals / Metals & Mining
2. Issue Details:
Issue Period : March 14, 2026 to March 23, 2026
Type of issue : Private Placement cum Preferential basis
Type of specified securities : 1. Equity Share
2. Convertible Warrants
IPO Grading, if any : Not Applicable
Issue size (INR Cr.) : 1. 42.00 (Equity Share)
2. 288.00 (Convertible Warrants)
Refer the below table for Equity Share and Warrant Issue
Offer Price Issue Size Amount Raised % Issue Size
Particular Units Issued Actual Allotment
(INR) (INR Cr.) (INR Cr.) Raised
Equity 7,00,00,000 6,78,33,700 6.00 42.00 40.70 96.91
Warrants 48,00,00,000 48,00,00,000 6.00 288.00 72.00 25.00
Total - - 330.00 112.70 -
Report Date: August 13, 2026
3. D etails of the arrangement made to ensure the monitoring of issue proceeds
Source of
information/ certifications
Sr. Comments of the Monitoring Comments of the Audit
Particulars Reply from the issuer considered by Monitoring
No. Agency Committee
Agency for preparation of
report
Utilisations in the respective
Whether all utilization is as per the disclosures in
1 Yes objects are as per disclosures No Comments
the Offer Document?
by the company.
Whether shareholder approval has been
No material deviation is
2 obtained in case of material deviations from Yes No Comments
observed.
expenditures disclosed in the Offer Document?
Whether the means of finance for the disclosed
3 Yes No change is observed. No Comments
objects of the issue has changed?
The issuer has not appointed
Is there any major deviation observed over the
4 No any other Monitoring Agency No Comments
earlier monitoring agency reports?
Documents provided by earlier.
the issuer, Private No Government / Statutory
Whether all Government/statutory approvals
5 Yes Placement Offer Letter, approval is required for No Comments
related to the object(s) have been obtained?
Bank Statement, Invoices objects.
and independent Auditors No arrangement pertaining
Whether all arrangements pertaining to
Certificate issued by M/s. to technical assistance /
6 technical assistance/collaboration are in Yes No Comments
Kansariwala & Chevli. collaboration is required with
operation?
reference to the object.
No favorable event is
Are there any favorable events improving the
7 Yes observed that may improve No Comments
viability of these object(s)?
the viability of these objects.
No unfavorable event is
Are there any unfavorable events affecting the
8 No observed affecting the No Comments
viability of the object(s)?
viability of these objects.
No relevant information is
Is there any other relevant information that
evident that may materially
9 may materially affect the decision making of No No Comments
affect the decision making of
the investors?
the investors.
Report Date: August 13, 2026
4. Details of object(s) to be monitored:
i. Cost of object(s)
Source of information / Original cost (as Comments of the Audit Committee
Comments of the
Sr. Item certifications considered by per the Offer Revised
Monitoring
No. Head M po ren pit ao rr ain tg io A n g oe f n rec py o f ro t r Do (Ic Nu Rm Ce r.n ) t) Cost Agency Rea Cs oo sn t of P finro ap no cs ie ngd Particulars of firm
arrangement
revision option
Documents provided by
1 Funding the acquisition 235.00 -
the issuer, Private
Expansion of existing Placement Offer Letter,
2 and new business Bank Statement, Invoices 15.00 - No change is
object and independent observed.
No Comments
Auditors Certificate
General Corporate
3 issued by M/s. 80.00 -
Purpose
Kansariwala & Chevli.
Total 330.00 -
Report Date: August 13, 2026
ii. Progress in the object(s) –
Source of Amount utilized Comments of the Audit
information Amount as (INR Cr.) Committee
/ certifications Total
proposed Amount
NS or. . Item Heads Ac t pho g re en e pMs ni acd o rye an r ti fe t io ood r nr i tn b h ogy e
i Dn (o It Nh ce Ru m CO e rf .f n )e tr (Ir Na Ris e Cd r. ) be qoA g ufi as n t h ra n te et in
g Du qr uin ag rt
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