Starlineps Enterprises MD, chairman, board of directors and AGM
BSE: 540492Metals & Minerals TradingSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹7.31.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹309 Cr2,014th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 508.9
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹5.29 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 52.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 May 2026
- 1.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 0.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹5.29 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 5.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 3.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 0.02
- Volume, BSEVolume. Shares traded on the last trading day.
- 2,91,356
Starlineps Enterprises board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorShwetkumar Dhirajbhai KoradiyaRelated to the promoter
- Company Secretary and Compliance OfficerMadhuriben Chhatrola
6 directors4 independent2 executive
- Shwetkumar Dhirajbhai Koradiya · Chairperson and managing directorExecutive · joined Apr 2011 · reappointed Jul 2025 · 1 listed board · 1 committee seat
- Hardikbhai Rajubhai PatelExecutive · joined Jul 2020 · reappointed Jul 2025 · 1 listed board
- Jenish Ashok BhavsarIndependent · joined Nov 2018 · reappointed Nov 2023 · 94 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Hiral Vinodbhai PatelIndependent · joined Sep 2022 · reappointed Sep 2022 · 49 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 1 as chair
- Shreyansh Mohanlal BaidIndependent · joined Jul 2026 · reappointed Jul 2026 · 3 months as independent · 1 listed board · 1 as independent
- Deep Vijay TrivediIndependent · joined Aug 2026 · reappointed Aug 2026 · 1 month as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Yashkumar Sarjubhai Trivedi, left 22 Aug 2026: Tenure Completion
- Neha Saurabh Patel, left 30 Jun 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 2 Sep 20266 of 6 present4 independent · 19 days in between
- 13 Aug 20266 of 6 present4 independent · 44 days in between
- 29 Jun 20266 of 6 present4 independent · 31 days in between
- 28 May 20266 of 6 present4 independent · 13 days in between
1 earlier meeting
- 14 May 20266 of 6 present4 independent
Audit Committee
Chair Deep Vijay Trivedi
Jenish Ashok Bhavsar, Shwetkumar Dhirajbhai Koradiya
- 2 Sep 20263 of 3 present2 independent · 19 days in between
- 13 Aug 20263 of 3 present2 independent · 44 days in between
- 29 Jun 20263 of 3 present3 independent
- 28 May 20263 of 3 present3 independent
1 earlier meeting
- 14 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Deep Vijay Trivedi
Jenish Ashok Bhavsar, Shreyansh Mohanlal Baid
- 2 Sep 20263 of 3 present3 independent · 19 days in between
- 13 Aug 20263 of 3 present3 independent · 44 days in between
- 29 Jun 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Shreyansh Mohanlal Baid
Jenish Ashok Bhavsar, Deep Vijay Trivedi
- 13 Aug 20263 of 3 present3 independent · 76 days in between
- 28 May 20263 of 3 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Kansariwala & ChevliPeer-review certificate valid to Mar 2029
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Starlineps Enterprises AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Starlineps Enterprises dividend history
Annual general meeting, 30 Sep 2026
40,147 shareholders on the register on 25 Sep 2026; present: 2 promoters and 35 others; votes counted by Manish R. Patel / Manish R. Patel.The company's voting result (opens in a new tab)
Adoption of Financial Statements: A. To receive, consider and adopt Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Independent Auditors thereon. B. To receive, consider and adopt Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Report of Independent Auditors' thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of Mr. Hardikbhai Patel (DIN: 08566796) as a director liable to retire by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of M/s. Shah & Shah, Chartered Accountants (FRN: 131527W) as a Statutory Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- Appointment of Mr. Deep Trivedi (DIN: 11855333) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 1 Aug 2026, 4 resolutions
41,133 shareholders on the register on 26 Jun 2026; votes counted by Manish R. Patel / Manish R. Patel.The company's voting result (opens in a new tab)
- Appointment of Mr. Shreyansh Baid (DIN: 03269224) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 40.14% · promoters 100.00% · institutions 0.00% · other public 1.66%
- Approval for make investments, grant loans, provide securities and guarantees u/s 186 of the Companies Act, 2013.Special99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 2.52%
Turnout: all 40.14% · promoters 100.00% · institutions 0.00% · other public 1.66%
- Approval to make investment in Celloraa Energy Private Limited.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 40.14% · promoters 100.00% · institutions 0.00% · other public 1.66%
- Approval to give guarantees or provide securities to Celloraa Energy Private Limited.Special99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 2.29%
Turnout: all 40.14% · promoters 100.00% · institutions 0.00% · other public 1.66%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake boughtCelloraa Energy Private LimitedSince 18 Aug 2026
11.11% bought in the quarter; holding 11.11%, from 0.00%
- Unlisted stake boughtCelloraa Energy Private LimitedSince 31 Aug 2026
8.89% bought in the quarter; holding 8.89%, from 0.00%
- Unlisted stake boughtCelloraa Energy Private LimitedSince 7 Sep 2026
7.27% bought in the quarter; holding 7.27%, from 0.00%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesMar 2026, checked by Acuite Ratings & Research Limited | 112.70 | Funding the acquisition of controlling stake in solar cell manufacturing or establishment of solar cell and module manufacturing facilities | 235.00 | 0.00 | No | Audit committee: Audit Committee has noted no deviation/variation in use of funds raised. |
| Preferential IssuesMar 2026, checked by Acuite Ratings & Research Limited | 112.70 | Expansion of existing and new business object | 15.00 | 0.00 | No | Audit committee: Audit Committee has noted no deviation/variation in use of funds raised. |
| Preferential IssuesMar 2026, checked by Acuite Ratings & Research Limited | 112.70 | General Corporate Purpose | 80.00 | 7.60 | No | Audit committee: Audit Committee has noted no deviation/variation in use of funds raised. |