Penny Stock Under Rs 10; Board Likely to Announce Rights Issue of Shares Next Week
The stock is down by 78 per cent from its 52-week high of Rs 31.03 per share while up by 32 per cent from its 52-week low of Rs 5.19 per share.
On Monday, shares of Starlineps Enterprises Ltd plunged 1.30 per cent to Rs 6.85 per share from its previous closing of Rs 6.94 per share. The stock’s 52-week high is Rs 31.03 per share and its 52-week low is Rs 5.19 per share. The stock is down by 78 per cent from its 52-week high of Rs 31.03 per share while up by 32 per cent from its 52-week low of Rs 5.19 per share.
Starlineps Enterprises Limited informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, June 23, 2025 at 03:00 p.m. at the Registered Office of the Company, inter alia, to transact the following main businesses:
- To re-appoint Mr. Shwetkumar Koradiya (DIN: 03489858) as the chairman and managing director of the company.
- To re-appoint Mr. Hardikbhai Rajubhai Patel (DIN: 08566796) as a whole-time director of the company.
- To consider the proposal for raising funds by way of the issue of equity shares on a rights issue basis and approve the draft letter of offer.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
About the Company
Starlineps Enterprises Ltd, established in 2011, is a Surat-based wholesale and retail trader of diamonds and jewellery. The company sources its products domestically and distributes them to manufacturers, wholesalers and retailers primarily in Gujarat. Their product range includes precious stones and jewellery & they offer trading services for various precious metals, stones and ornaments. The company has a market cap of Rs 178 crore.
Disclaimer: The article is for informational purposes only and not investment advice.