Board Meeting Details
The Board of Directors meeting was held on Thursday, 28th May, 2026, commencing at 03:00 p.m. and concluding at 05:03 p.m. The meeting considered and approved:
- Audited Standalone and Consolidated Financial Results for quarter and year ended 31st March, 2026
- Statement of Assets and Liabilities
- Cash Flow Statements
- Auditors' Report with Unmodified Opinion
The results were reviewed by the Audit Committee prior to board approval.
Financial Performance Highlights
Consolidated Results (₹ in Lakhs):
Quarter Ended March 31, 2026:
- Total Income: ₹2,926.10
- Total Expenses: ₹2,653.26
- Loss before tax: ₹(256.52)
- Exceptional items: ₹529.36 (write-off)
- Net Loss: ₹(205.70)
- Basic EPS: ₹(0.05)
- Diluted EPS: ₹(0.04)
Year Ended March 31, 2026:
- Total Income: ₹9,890.98
- Total Expenses: ₹9,203.51
- Profit before tax: ₹158.11
- Exceptional items: ₹529.36 (write-off)
- Net Profit: ₹112.32
- Basic EPS: ₹0.03
- Diluted EPS: ₹0.02
Standalone Results (₹ in Lakhs):
Quarter Ended March 31, 2026:
- Total Income: ₹2,905.64
- Total Expenses: ₹2,633.83
- Loss before tax: ₹(257.55)
- Exceptional items: ₹529.36 (write-off)
- Net Loss: ₹(206.73)
- Basic EPS: ₹(0.05)
- Diluted EPS: ₹(0.04)
Year Ended March 31, 2026:
- Total Income: ₹9,870.52
- Total Expenses: ₹9,183.58
- Profit before tax: ₹157.58
- Exceptional items: ₹529.36 (write-off)
- Net Profit: ₹111.79
- Basic EPS: ₹0.03
- Diluted EPS: ₹0.02
Balance Sheet Position (Consolidated as at March 31, 2026)
- Total Assets: ₹17,703.04 lakhs
- Current Assets: ₹16,750.07 lakhs (including Cash: ₹12,730.54 lakhs)
- Equity Share Capital: ₹4,309.66 lakhs
- Other Equity: ₹5,232.34 lakhs
- Money Received against share warrants: ₹7,200.00 lakhs
- Total Equity: ₹16,742.00 lakhs
- Current Liabilities: ₹961.04 lakhs
Capital Structure Changes
1. Authorized Capital Increase (September 2025): Increased from ₹37 crore to ₹60 crore
2. Rights Issue (October 2025): Allotted 10,37,52,000 equity shares of Re. 1/- each
3. Capital Work-in-Progress Write-off (February 2026): ₹529.36 lakhs written off
4. Authorized Capital Increase (February 2026): Increased from ₹60 crore to ₹100 crore
5. Preferential Allotment (March 2026): Allotted 6,78,33,700 equity shares and 48,00,00,000 convertible warrants at ₹6 per share/warrant
Convertible Warrants Details
- Total warrants allotted: 48,00,00,000
- Issue price: ₹6 per warrant (₹1 face value + ₹5 premium)
- 25% amount received upfront: ₹1.50 per warrant
- Balance 75% payable at conversion
- Conversion period: 18 months from allotment date
- Total potential fund raising: ₹288 crore
Subsidiary Information
Consolidated results include:
- StarlinePS Enterprises Limited (Parent)
- StarlinePS International Private Limited
Cash Flow Information (Consolidated FY26)
- Net cash from operating activities: ₹(1,723.68) lakhs
- Net cash from investing activities: ₹(706.16) lakhs
- Net cash from financing activities: ₹13,707.70 lakhs (mainly share issuance)
- Net change in cash: ₹11,277.86 lakhs
Additional Information
- Previous period figures regrouped/reclassified where necessary
- Audit conducted by Kansariwala & Chevli, Chartered Accountants (FRN: 123689W)