Starlineps Enterprises Ltd Directors Report

To,

The Members,

Your directors have pleasure to present 15th Annual Report together with the Audited Financial Statements (Standalone and Consolidated) for the financial year ended on 31st March, 2026.

You being our valued partners in the Company, we share our vision of growth with you. Our guiding principles are a blend of realism and optimism which has been and will be the guiding force of all our future endeavors.

1. FINANCIAL PERFORMANCE:

The Companys financial performance for the financial year ended 31st March, 2026, as compared to the previous year is summarized below:

(Rs. in Hundreds)

	Standalone		Consolidated
Particulars	FY 2025-26	FY 2024-25	FY 2025-26	FY 2024-25
Revenue from Operations	97,44,232.01	73,34,817.49	97,64,687.15	73,34,817.49
Other Income	1,26,291.16	1,43,965.79	1,26,291.16	1,43,965.79
Total Income	98,70,523.18	74,78,783.28	98,90,978.32	74,78,783.28
Total Expenditure	91,83,581.96	66,02,585.57	92,03,523.32	66,03,128.45
Profit/(Loss) Before Exceptional/	6,86,941.22	8,76,197.70	6,87,455.00	8,75,654.82
Extraordinary Items & Tax
Less: Exceptional/Extraordinary items	5,29,360.00	0.00	5,29,360.00	0.00
Profit/(Loss) Before Tax	1,57,581.22	8,76,197.70	1,58,095.00	8,75,654.82
Less: Tax Expense:
Current Tax	46,640.55	2,18,886.54	46,640.55	2,18,886.54
Deferred Tax Liabilities/(Assets)	(850.92)	(209.24)	(850.92)	(209.24)
Net Profit/(Loss) After Tax	1,11,791.59	6,57,520.40	1,12,305.37	6,56,977.52
Earnings Per Equity Share:
Basic	0.03	0.25	0.03	0.25
Diluted	0.02	0.25	0.02	0.25

The Company discloses Standalone and Consolidated Financial Results on a quarterly basis, which are subjected to limited review and publishes Audited Standalone and Consolidated Financial Results annually.

2. REVIEW OF OPERATIONS: i) Standalone Performance

During the year under review, Standalone Performance of the Company has posted higher Revenue from Operation of Rs. 97,44,232.01/- Hundreds for the financial year ended 31st March, 2026, as compared to Rs. 73,34,817.49/- Hundreds in the corresponding previous year. The Company has posted Net Profit after tax of Rs. 1,11,791.59/- Hundreds in the current year as compared to the Net Profit after Tax of Rs. 6,57,520.40/- Hundreds in the corresponding previous year.

ii) Consolidated Performance

During the year under review, Consolidated Performance of the Company has posted higher Revenue from Operation of Rs. 97,64,687.15/- Hundreds as compared to Rs. 73,34,817.49/- Hundreds in the corresponding previous year. The Company has posted Net Profit after tax of Rs. 1,12,305.37/- Hundreds in the current year as compared to the Net Profit after Tax of Rs. 6,56,977.52/- Hundreds in the corresponding previous year.

Your Company has recorded lower Net Profit after tax (Standalone & Consolidated) due to write off the amount of Capital Work-in Progress of Rs. 5,29,360/- Hundreds which was initially capitalized and noted against the Capital Work-in-progress and appearing in the books of accounts of the Company.

3. TRANSFER TO RESERVES:

During the year under review, no amount was transferred to the General Reserves of the Company. Your Company has decided to transfer whole amount of profit to retained earnings as per annexed audited Balance sheet for the year ended 31st March, 2026.

4. VARIATIONS IN NET WORTH:

The Standalone Net worth of the Company for the Financial Year ended 31st March, 2026, is Rs. 1,67,42,028.81/- Hundreds as compared to Rs. 32,85,175.18/- Hundreds for the previous financial year ended 31st March, 2025 and the Consolidated Net worth of the Company for the Financial Year ended 31st March, 2026, is Rs. 1,67,41,999.70/- Hundreds as compared to Rs. 32,84,632.30/- Hundreds for the previous Financial Year ended 31st March, 2025. The increase in net worth is primarily due to profit for the year and allotment of rights issue of equity shares and preferential allotment during the financial year 2025-26.

5. CONSOLIDATED FINANCIAL STATEMENTS:

The Consolidated Financial Statements are prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 notified under Section 133 of the Companies Act, 2013 and other relevant provisions of the Companies Act, 2013. The Consolidated Financial Statements for the financial year ended 31st March, 2026, forms part of the Annual Report.

As per the provisions of Section 136 of the Companies Act, 2013, the Company has placed the Audited Financial Statements of its Subsidiary Company on its website at https://www.starlineps.com/investors.html#financials:~:text=StarlinePS%20International%20Private%20Li mited and the same shall be provided to the shareholders upon their request.

6. DIVIDEND:

During the year under review, your directors have not recommended any Dividend on Equity Shares of the Company with a view to conserve resources for expansion of business. Notwithstanding the fact that company does not fall under the mandatory criteria of Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has voluntarily adopted Dividend Distribution Policy and the said policy is available at the web-link: https://www.starlineps.com/investors.html#policies.

During the year under review, the Directors have not recommended any Dividend on Equity shares of the company and hence not liable under section 124 of the Companies Act, 2013 for the transfer to the account called "Unpaid Equity Dividend Account".

7. INVESTORS EDUCATION AND PROTECTION FUND:

During the year, the Company was not liable to transfer any amount to the Investor Education and Protection Fund as required under Section 124 and 125 of the Companies Act, 2013. Pursuant to the provisions of Investor Education and Protection Fund (Uploading of Information regarding unpaid and unclaimed amounts lying with Companies) Rules, 2012, the Company has uploaded the details of unpaid and unclaimed amounts lying with the Company as on 31st March, 2026 on the website of the Company at web link: https://www.starlineps.com/investors.html#others:~:text=Statement%20of%20Unpaid/unclaimed%20Divide nd%20and%20shares.

8. SHARE CAPITAL:

Authorized Share Capital of the Company as on 31st March, 2026 is Rs. 100,00,00,000/- (Rupees One Hundred Crore) divided into 100,00,00,000 (One Hundred Crore) Equity Shares of Re. 1/- (Rupee One) each.

Issued, Subscribed and paid-up Share Capital of the Company as on 31st March, 2026 is Rs. 43,09,65,700/- (Rupees Forty-Three Crore Nine Lakhs Sixty-Five Thousands Seven Hundred) divided into 43,09,65,700 (Forty-Three Crore Nine-Lakhs Sixty-Five Thousands Seven Hundred) Equity Shares of Re. 1/- (Rupee One) each.

Increase in Authorized Share Capital of the Company:

During the year, pursuant to approval of the shareholders received on 25th September, 2025 in 14th Annual General Meeting of the Company, authorized Share Capital of the Company has been increased from Rs. 37,00,00,000/- (Rupees Thirty-Seven Crore) divided into 37,00,00,000 (Thirty-Seven Crore) Equity Shares of Re. 1/- each to Rs. 60,00,00,000/- (Rupees Sixty Crore) divided into 60,00,00,000 (Sixty Crore) Equity Shares of Re. 1/- each.

Further, pursuant to approval of the shareholders received on 24th February, 2026 in Extraordinary General Meeting of the Company, authorized Share Capital of the Company has been increased from Rs. 60,00,00,000/- (Rupees Sixty Crore) divided into 60,00,00,000 (Sixty Crore) Equity Shares of Re. 1/- (Rupee One) each to Rs. 100,00,00,000/- (Rupees One Hundred Crore) divided into 100,00,00,000 (One Hundred Crore) Equity Shares of Re. 1/- (Rupee One) each.

Rights Issue and Utilisation of Proceeds:

During the year under review, your Company had issued shares to all its existing shareholders on Rights basis in terms of Section 62 and other applicable provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements), 2018. Your Company in its meeting of the Rights Issue Committee held on 07th October, 2025, had issued and allotted 10,37,52,000 (Ten Crore Thirty Seven Lakhs Fifty Two Thousand) equity shares of face value of Re. 1/- each at an issue price of Rs. 2/- per Rights equity share (including a premium of Re. 1/- per Rights equity share), aggregating to Rs. 20,75,04,000/- (Rupees Twenty Crore Seventy Five Lakhs Four Thousand), to eligible equity shareholders in the ratio of 2:5 (i.e. 2 equity shares for every 5 equity shares held) as on record date i.e., 09th September, 2025. The Rights Issue opened on 15th September, 2025, and closed on 23rd September, 2025, and the shares were allotted on 07th October, 2025. BSE Limited has granted Listing approval with vide Letter No. LOD/RIGHT/PB/FIP/1006/2025-26 dated 08/10/2025 for listing of 10,37,52,000 rights equity shares of Re. 1/ each and trading approval with vide Letter No. LOD/RIGHTS/SV/110/2025-2026 dated 09/10/2025 for trading of 10,37,52,000 rights equity shares of Re. 1/- each of the company.

Statement deviation(s)/variation(s) & Utilisation of Rights Issue Proceeds:

Your Company has appointed Infomerics Valuation & Rating Limited as the Monitoring Agency for monitoring the utilization of proceeds from the Rights Issue of equity shares. The Monitoring Agencies have not observed any deviation in the utilization of proceeds from the aforesaid Fund Raises. Accordingly, pursuant to Regulations 32 of the SEBI Listing Regulations, the Company has filed NIL deviation reports along with the Monitoring Agency Reports on a quarterly basis with BSE Limited. The proceeds from the Rights Issue were utilised towards, in line with the objects stated in the Letter of Offer, as follows:

SN	Objects of the Issue	Original Allocation (Rs. in Crore)	Amount utilized (Rs. in Crore)	Unutilised Amount (Rs. in Crore)	Remarks
1	Payment to creditors	8.00	8.00	-	Fully utilized
2	Repayment of Borrowings	7.00	7.00	-	Fully utilized
3	Working capital requirement	5.00	5.00	-	Fully utilized
4	General Corporate Purposes (including issue related expenses)	0.75	0.75	-	Fully utilized
	Total	20.75	20.75	-

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

The funds raised by the company through Rights Issue have been fully utilized during the quarter ended 31st December, 2025 and Audit Committee has noted no deviation/variation in utilization of funds.

The proceeds from the Rights issue have been utilized appropriately for the objects mentioned in the offer document.

The Audit Committee has reviewed the utilisation of proceeds in compliance with applicable regulatory requirements.

Preferential Issue and utilization of proceeds:

Pursuant to approval of the shareholders received on 24th February, 2026 in Extraordinary General Meeting of the Company, and in-principle approval dated 09th March, 2026 granted by BSE Limited, your Company in its Board meeting held on 23rd March, 2026 had issued and allotted 6,78,33,700 equity shares of face value of Re. 1/- each aggregating upto Rs. 40,70,02,200/- (Rupees Forty Crore Seventy Lakhs Two Thousand Two Hundred) and 48,00,00,000 Convertible Warrants at an issue price of Rs. 6/- each (including premium of Rs. 5/- each) aggregating upto Rs. 288,00,00,000/- (Rupees Two Hundred Eighty Eight Crore) to promoters and non-promoters of the Company on preferential basis in accordance with the provisions of Section 42 and 62 of the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

Your company has received an amount of 25% of the issue price amounting to Rs. 1.50/- per warrant at the time of allotment of share warrants. The balance 75% of the issue price is payable at the time of conversion of warrants into equity shares. Each share warrant entitles the holder to subscribe to one fully paid-up equity share of face value Re. 1/- each of the Company at an issue price of Rs. 6/- each (including premium of Rs. 5/- each). The issue price has been determined in accordance with the pricing provisions prescribed under Regulation 164 of SEBI (ICDR) Regulations, 2018. The share warrants are convertible within a period of 18 months from the date of allotment. Upon exercise of the warrants, the Company shall allot equity shares to the warrant holders. In the event the warrants are not exercised within the stipulated period, the amount received upfront shall be forfeited in accordance with SEBI (ICDR) Regulations, 2018.

After the year ended 31st March, 2026, BSE Limited has granted listing approval with vide Letter No. LOD/PREF/KS/FIP/217/2026-27 dated 12/05/2026 and trading approval with vide Letter No. LOD/PREF/VJ/27/2026-2027 dated 01/07/2026 for listing and trading of 6,78,33,700 equity shares of Re. 1/- each of the Company.

Your Company has appointed Acuite Ratings & Research Limited as the Monitoring Agency for monitoring the utilization of proceeds from the Preferential Issue of Equity shares and Convertible Warrants. The proceeds from the Preferential Issue as reviewed by the Monitoring Agency as on 31st March, 2026, subscription amount aggregating to Rs. 112.70 Crore was received pursuant to preferential issue of equity shares and convertible warrants.

Pursuant to Regulation 32 of the SEBI Listing Regulations, as on 31st March, 2026:

Your company has utilised Rs. 5.32 Crore for General Corporate purpose out of the total subscription amount received, in line with the objects stated in the offer document.

The balance amount of Rs. 107.38 Crore remains unutilised and is held in designated account, to be utilised in subsequent periods for the stated objects of the issue as per the offer documents.

There has been no deviation or variation in the utilisation of proceeds from the objects stated in the offer documents.

The Audit Committee reviews the utilisation of proceeds on a periodic basis in compliance with applicable regulatory requirements.

The equity shares so allotted under Rights Issue and Preferential Issue rank pari passu in all respects with the existing equity shares of the Company.

Pursuant to the aforesaid preferential issue of Convertible Warrants and considering the conversion ratio of 1:1, the paid-up share capital of the Company as on 31st March 2026 on a fully diluted basis is Rs. 91,09,65,700/- comprising of 91,09,65,700 Equity Shares of Re. 1/- each.

During the year under review, the Company has not issued any Equity Shares with differential rights or granted any stock options. The Company has not issued any Sweat Equity Shares to its Directors or employees and also has not made any buy back of shares during the year under review.

9. ALTERATION IN THE CONSTITUTIONAL DOCUMENT:

During the year under review, to extend business activities in future, your Company had added new business objects related to chemicals, renewable energy and textiles in main object clause of Memorandum of Association (MoA) of the Company.

Pursuant to approval of the shareholders received on 25th September, 2025 in 14th Annual General Meeting of the Company, main Object Clause of the MoA of the Company altered by inserting the new sub-clauses 2 & 3 after the existing sub-clause 1 of Clause III [A] of the MoA of the Company. Consequently, pursuant to alteration in the main Object Clause of the MoA of the Company as approved by shareholders in the 14th AGM of the Company and based on application made to Registrar of Companies, the Corporate Identification Number (CIN) of the company has been changed from

‘L36910GJ2011PLC065141 to ‘L46909GJ2011PLC065141 in the records of the Ministry of Corporate

Affairs due to updated of the National Industrial Classification (NIC) Code 2008.

Further during the year, in Extraordinary General Meeting (EGM) of the Company held on 24th February, 2026, the shareholders of the Company have approved the alteration of main Object Clause of the MoA of the Company by inserting new sub-clause 4 after the existing sub-clause 3 of Clause III [A] of the MoA of the Company. Consequently, alteration in the main Object Clause of the MoA of the Company as approved by shareholders in the EGM of the Company held on 24th February, 2026 and based on application made to Registrar of Companies, the CIN of the Company has been changed from

‘L46909GJ2011PLC065141 to ‘L14101GJ2011PLC065141 due to updated of the NIC Code 2008 during the year under review.

Updated Memorandum of Association (MoA) and Articles of Association (AoA) of the Company also available on the Companys website at: https://www.starlineps.com/investors.html#policies:~:text=.pdf-,MoA%20and%20AoA,-Articles%20of%20Association.

10. BOARD OF DIRECTORS:

As on 31st March, 2026, Your Company has 6 (Six) Directors, namely,

Mr. Shwetkumar Koradiya	Chairman & Managing Director
Mr. Hardikbhai Patel	Whole Time Director & Chief Financial Officer
Ms. Jenish Bhavsar	Independent Director
Mrs. Neha Patel	Independent Director
Mr. Yashkumar Trivedi	Independent Director
Ms. Hiral Patel	Independent Director

During the said financial year, the following changes were occurred:

Mr. Shwetkumar Koradiya (DIN: 03489858), Chairman & Managing Director of the Company liable to retire by rotation was re-appointed in 14th Annual General Meeting of the Company held on 25th September, 2025.

Appointment/Re-appointment of Director:

The term of Mr. Shwetkumar Koradiya (DIN: 03489858), as a Managing Director and Hardikbhai Patel (DIN: 08566796), as a Whole Time Director of the Company were completed on 30th June,

2025. Based on the recommendation of Nomination & Remuneration Committee and the Board of Directors, shareholders of the Company at its 14th Annual General Meeting held on 25th September, 2025, had approved the re-appointment of Mr. Shwetkumar Koradiya (DIN: 03489858), as a Managing Director and Mr. Hardikbhai Patel (DIN: 08566796), as a Whole Time Director of the Company for a further period of 3 years with effect from 01st July, 2025 to 30th June 2028.

Resignation / Cessation:

During the year under review, no Independent Director resigned before the expiry of his/her tenure.

After the closure of financial year 2025-26, the following changes were occurred:

a) Mrs. Neha Patel (DIN: 08851139) ceased to hold the position of Independent Director of the Company upon completion of her first term of five (5) consecutive years w.e.f. 30th June, 2026 (after close of the day). Consequently, she also ceased to be a Chairperson/Member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, Risk

Management Committee and Corporate Social Responsibility Committee of the Company. The Board of Directors of the Company placed on record her appreciation for the valuable contribution and guidance provided by Mrs. Neha Patel during her association with the Company as an Independent Director.

b) Based on the recommendation of the Nomination & Remuneration Committee and subject to approval of the shareholders, the Board of Directors at their meeting held on 29th June, 2026, has appointed Mr. Shreyansh Baid (DIN: 03269224) as an Independent Director, for a first term of 5 (five) consecutive years, w.e.f. 1st July, 2026 upto 30th June, 2031 (close of the day). The appointment was approved by the shareholders through a Postal Ballot on 01st August, 2026.

c) Mr. Yashkumar Trivedi (DIN: 09281016) ceased to hold the position of Independent Director of the Company upon completion of his first term of five (5) consecutive years w.e.f. 22nd August, 2026 (after close of the day). Consequently, he also ceased to be a Chairperson/Member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and

Risk Management Committee of the Company. The Board of Directors of the Company placed on record his sincere appreciation and recognized his valuable contribution and guidance provided by Mr. Yashkumar Trivedi during his association with the Company as an Independent Director.

d) Based on the recommendation of the Nomination & Remuneration Committee and subject to approval of the shareholders in ensuing AGM, the Board of Directors at their meeting held on 13th August, 2026, has appointed Mr. Deep Trivedi (DIN: 11855333) as an Independent Director, for a first term of 5 (five) consecutive years, w.e.f. 23rd August, 2026 upto 22nd August, 2031 (close of the day).

e) In terms of Section 152 of the Companies Act, 2013 and the Articles of Association of the Company, Mr. Hardikbhai Patel (DIN: 08566796), Whole Time Director of the Company, retires by rotation at the forthcoming 15th AGM of the Company and being eligible, has offered himself for reappointment. The Board, on the basis of recommendation of the Nomination & Remuneration Committee, recommends his re-appointment as Whole Time Director of the Company, subject to approval of the shareholders at the ensuing AGM. Brief profile and other details of Mr. Hardikbhai Patel in terms of the Act, SEBI Listing Regulations and Secretarial Standards on General Meeting, is provided in the AGM Notice.

11. KEY MANAGERIAL PERSONNEL:

Pursuant to Sections 2(51) and 203 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, your Company has the following Key Managerial Personnel (KMP) as on 31st March, 2026:

(i)	Mr. Shwetkumar Koradiya	Chairman & Managing Director
(ii)	Mr. Hardikbhai Patel	Whole Time Director & Chief Financial Officer

After closure of the financial year, there were no changes till conducting the Annual General Meeting in structure of the KMP of the Company.

12. MEETINGS OF BOARD OF DIRECTORS:

During the financial year ended 31st March, 2026, nine (9) Board meetings were held on the following dates: 20th May 2025, 27th June 2025, 11th August 2025, 28th August 2025, 12th November 2025, 24th January 2026, 12th February 2026, 14th March 2026, and 23rd March 2026.

The gap between two Meetings did not exceed 120 days and the Meetings were conducted in compliance with all applicable laws. The necessary quorum was present for all the Board Meetings.

For brief details of meetings of the Board of Directors, please refer to the Corporate Governance Report, which is a part of this Annual Report.

13. MEETINGS OF SHAREHOLDERS:

Annual General Meeting (AGM):

During the year, 14th Annual General Meeting of the Company was held on Thursday, 25th September, 2025 through audio-video conference/other audio-visual means. The 15th AGM of the Company will be held on Wednesday, 30th September, 2026 at 3:00 pm, through audio-video conference/ other audio-visual means to discuss the business as stated in the AGM Notice.

Extraordinary General Meeting (EGM):

During the year, Extraordinary General Meeting of the Company was held on Tuesday, 24th February, 2026 through audio-video conference/other audio-visual means.

Postal Ballot:

During the year under review, no resolutions were passed through Postal Ballot.

For brief details of meetings of Shareholders/Members, please refer to the Corporate Governance Report, which is a part of this Annual Report.

14. COMMITTEE MEETINGS:

Audit Committee:

As on 31st March, 2026, the Audit Committee of the Company comprises 3 (three) Non-Executive & Independent Directors, Mrs. Neha Patel, Mrs. Jenish Bhavsar and Mr. Yash Trivedi. Mrs. Neha Patel is the Chairperson of the Audit Committee.

All members of the Audit Committee are financially literate and possess accounting and financial management knowledge. The details of the same are provided under the head Skills/ Expertise/ Competence of the Board of Directors in the Corporate Governance Report. The Company Secretary is the Secretary to the Committee. The Managing Director, Chief Financial Officer, Internal Auditors and Statutory Auditors are periodically invited to attend the Audit Committee Meetings. The Board has accepted all recommendations made by the Audit Committee from time to time.

Other Board Committees:

Details of other Committees, their compositions, Meetings held, attendance of the Members at the Committee Meetings during the financial year 2025-26 are provided in the Corporate Governance Report.

The composition of the Board Committees is also uploaded on the website of the Company and can be accessed through the https://www.starlineps.com/about.html.

15. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Section 134(5) of the Companies Act, 2013, the Directors confirm that- a) in the preparation of the annual accounts for the financial year ended 31st March, 2026, the applicable accounting standards had been followed along with proper explanation relating to material departures; b) they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year 31st March, 2026 and profit of the Company for that period; c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) they have prepared the annual accounts on a going concern basis; e) they have laid down internal financial controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively during the year. f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

16. REPORTING OF FRAUDS:

During the Financial Year 2025-26, there have been no instances of frauds reported by the Auditors under Section 143(12) of the Companies Act, 2013 and the Rules framed thereunder, either to the Company or to the Central Government.

17. DECLARATION FROM INDEPENDENT DIRECTORS:

All Independent Directors have given declarations of independence, as required under Section 149(7) of the Companies Act, 2013 stating that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations. The Independent Directors have also confirmed compliance with the provisions of Rule 6 of Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended, relating to registered themselves with the Indian

Institute of Corporate Affairs (‘IICA) towards the inclusion of their names in the data bank maintained with it and they meet the requirements of the proficiency self-assessment test. All Independent Directors of the Company have affirmed compliance with Schedule IV of the Act and the Companys Code of Conduct for

Directors and Employees for the Financial Year 2025-26.

In the opinion of the Board, the Independent Directors, fulfill the conditions of independence specified in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations. As required under Regulation 25(9) of the SEBI Listing Regulations the Board of Directors of the Company has taken on record the declaration and confirmed the same after undertaking due assessment of the veracity of such declarations.

18. POLICY ON APPOINTMENT & REMUNERATION OF DIRECTORS AND KEY

MANAGERIAL PERSONNEL:

Pursuant to provision of Section 178(3) of the Companies Act, 2013, the Board has framed a Policy for selection, appointment and remuneration of Directors and Key Managerial Personnel including criteria for determining qualifications, positive attributes and independence of Directors. The salient features of the Nomination and Remuneration Policy of the Company has been disclosed in the Corporate Governance Report, which is a part of this report.

In pursuance of the Companys policy to consider human resources as its invaluable assets, to pay equitable Remuneration to all Directors, Key Managerial Personnel (KMP) and Employees of the Company, to Harmonize the aspirations of human resources consistent with the goals of the Company and in terms of the provisions of the Companies Act, 2013 and the SEBI Listing Regulations as amended from time to time, the policy on nomination and remuneration of Directors, KMP and Senior Management has been formulated.

The Remuneration of the Executive Directors is determined by the Nomination and Remuneration Committee within the permissible limits of the Companies Act, 2013 and as approved by Board and shareholders. The Companys remuneration policy is driven by the success and performance of the managerial personnel. While reviewing the remuneration of managerial personnel, KMPs and other senior officials, the Committee takes into account the following:

a. Financial position of the Company b. Scales prevailing in the industry c. Appointees qualification and expertise d. Past performance e. Past remuneration etc.

Nomination and Remuneration policy of the Company is also available on the Companys website at https://www.starlineps.com/investors.html

19. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS:

In compliance with the requirements of Regulation 25(7) of the SEBI Listing Regulations, the Company has put in place a familiarization programs for Independent Directors to familiarize them with the working of the Company, their roles, rights and responsibilities vis-?-vis the Company, the industry in which the company operates, business model etc., along with updating on various amendments in the SEBI Listing Regulations and the Companies Act, 2013. These updates not only keep Directors informed but also offer opportunities for interaction with Management. All the Independent Directors of the Company are made aware of their roles and responsibilities at the time of their appointment through a formal letter of appointment, which also stipulates various terms and conditions of their engagement. Further, all the Independent Directors of the

Company have successfully registered with the Independent Directors Databank of the Indian Institute of

Corporate Affairs.

The detail of the aforementioned programme imparted during the financial year as required under Regulation 46 of the SEBI Listing Regulations is available on the companys website web-link at https://www.starlineps.com/investors.html#policies.

20. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES:

SUBSIDIARY COMPANY:

The Company does not have any material subsidiary, it has only one wholly-owned subsidiary, i.e.

StarlinePS International Private Limited.

In accordance with the provisions of Section 129(3) of the Companies Act, 2013 read with Rule 5 and 8 of the Companies (Accounts) Rules, 2014 statement containing the salient features of the financial statements of the Subsidiary Company for the financial year ended 31st March, 2026 in Form AOC-1 is set out in

" Annexure-1" and forms part of this report.

JOINT VENTURE AND ASSOCIATE COMPANY:

As on 31st March, 2026, your Company does not have any Joint Venture and Associate Company.

After the closure of financial year 2025-26, your Company has completed the acquisition of 6,250 equity shares, representing 20% of the issued and paid-up share capital of Celloraa Energy Private Limited as on 31st August, 2026. Consequent to the said acquisition, Celloraa Energy Private Limited has become an Associate Company of the Company w.e.f. 31st August, 2026.

21. PERFORMANCE AND CONTRIBUTION OF EACH OF THE SUBSIDIARIES,

ASSOCIATES AND JOINT VENTURES:

As per Rule 8 of the Companies (Accounts) Rules, 2014, a Report on the financial performance of Subsidiaries, Associates and Joint Venture Companies along with their contribution to the overall performance of the Company during the Financial Year ended 31st March, 2026, is annexed to this Boards Report as Annexure-1.

22. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS:

The details of loans, guarantees and investments made during the financial year are provided in Notes forming part of the standalone financial statement of the Company.

The details of loans, guarantees and Investments made during the financial year ended 31st March, 2026, is given in compliance with the provisions of Section 186 of the Companies Act, 2013 read with the Companies (Meetings of Board and its Powers) Rules, 2014 and the same is annexed to the Boards Report as

Annexure-2.

23. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTY:

During the Financial Year 2025-26:

All the Related Party Transactions entered into by your Company, were on arms length basis and in the ordinary course of business. There were no material significant Related Party Transactions entered into by the Company with Promoters, Key Managerial Personnel or other designated persons which may have a potential conflict with the interest of the Company.

None of the Directors or any Key Managerial Personnel has any material pecuniary relationships or transactions vis-?-vis the Company.

Requisite prior approvals of the Audit Committee and Board of Directors were obtained for Related Party Transactions and Prior omnibus approval of the Audit Committee has been obtained for the transactions which are of a foreseen and in repetitive nature.

The Company has developed a Policy on Related Party Transactions for the purpose of identification and monitoring of such transactions. Policy on Related Party Transaction as approved by the Board is uploaded on the Companys website at web link https://www.starlineps.com/investors.html#policies.

During the year, your Company has not entered into any significant material related party transactions/contracts/arrangements and a confirmation to this effect as required under section 134(3)(h) of the Companies Act, 2013 is given in Form AOC-2 as Annexure-3, which forms part of this Boards Report. Suitable disclosure as required under IND AS-24 has been made in Note to the Financial Statement.

24. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE

EARNING AND OUTGO:

The particulars required to be included in terms of Section 134(3)(m) of the Companies Act, 2013 with regard to Conservation of Energy, Technology absorption, Foreign Exchange earnings and outgo are given below:

a. Conservation of Energy: Your Company is engaged in trading activity. Hence, there are no extra steps taken for energy saving. However, regular steps have been taken to improve energy consumption by using LED lights in office premises. The Company is using inverter as an alternate source of energy. During the year, the Company has not made any capital investment on energy conservation equipment.

b. Technology Absorption: The project of your Company has no technology absorption, hence no particulars are offered.

c. Foreign Exchange Earning and Outgo: The foreign Exchange earnings and expenditure of the

Company is NIL.

25. RISK MANAGEMENT POLICY:

Notwithstanding the fact that the Company is outside the purview of the applicability of Risk Management Committee as per SEBI Listing Regulations, the Company has in place a mechanism to identify, assess, monitor and mitigate various risks to key business objectives. The Board of the Company has also constituted a Risk Management Committee to frame, implement and monitor the risk management plan for the Company. The said committee is responsible for reviewing the risk management plan and ensuring its effectiveness. The Audit Committee has additional oversight in the areas of financial risks and controls.

The details pertaining to the composition of the Risk Management Committee are included in the Corporate Governance Report, which is a part of this report. A detailed exercise is being carried out to identify, evaluate, monitor and manage both business and non-business risks. At present there are no risks which in the opinion of the Board threaten the existence of the Company.

26. CORPORATE SOCIAL RESPONSIBILITY (CSR):

Your Company has registered profit of more than Rs. 5 Crores for the financial year 2024-25 and therefore, the provision with respect to CSR expenditure was applicable for the financial year 2025-26. Pursuant to the provisions of Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014, the Board of Directors in their meeting held on 27th June, 2025 has constituted a CSR Committee. The role of the Committee, inter alia, is to formulate and recommend to the Board and monitor CSR Policy, to review and recommend the amount of expenditure to be incurred on the CSR activities, an annual action plan in pursuance of its CSR policy and review the impact of the undertaken CSR projects in the financial year.

Pursuant to the provisions of Section 135 and Schedule VII of the Companies Act, 2013, and based on the recommendation of CSR Committee, the Board of Directors has adopted the CSR Policy. The Companys CSR policy is available on the Companys website at https://www.starlineps.com/investors.html#policies. Brief details of CSR Committee, their compositions, Meetings held during the financial year 2025-26 are provided in the Corporate Governance Report. The Annual Report on CSR activities is annexed as Annexure-4 and forms part of this report.

The Chief Financial Officer of your Company has certified that CSR spends of your Company for FY 2025-26 have been utilized for the purpose and in the manner approved by the Board of your Company.

27. BOARD EVALUATION:

The Nomination and Remuneration Committee has laid down the criteria for performance evaluation of the Individual Directors and the Board. Pursuant to the provisions of the Companies Act, 2013 and the SEBI Listing Regulations, the Board of Directors has carried out an annual evaluation of its own performance, Board Committees and individual directors. The evaluation is performed by the Board, Nomination and Remuneration Committee and Independent Directors with specific focus on the performance and effective functioning of the Board and Individual Directors.

A separate exercise was carried out to evaluate the performance of individual Directors, including the Chairperson of the Board, who were evaluated on parameters such as level of engagement and contribution, independence of judgement, safeguarding the interest of the Company and other factors. The parameters considered were leadership ability, adherence to corporate governance practices etc.

The Board evaluated its performance after seeking inputs from all the Directors on the basis of criteria such as the Board composition and structure, effectiveness of board processes, information and functioning, etc. The performance of the Committees was evaluated by the Board after seeking inputs from the committee members on the basis of criteria such as the degree of fulfilment of key responsibilities, adequacy of Committee composition, effectiveness of committee meetings, etc. The criteria for evaluation of Individual Directors include aspects such as attendance and contribution at Board/Committee Meetings and guidance/support to the Management outside Board/Committee Meetings. In addition, the Chairperson was also evaluated on key aspects of his role, including setting the strategic agenda of the Board, encouraging active engagement by all Board members and motivating and providing guidance to KMPs.

The above criteria are as provided by the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India in line with SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2017/004, dated January 5, 2017.

28. STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY,

EXPERTISE AND EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE INDEPENDENT DIRECTORS APPOINTED DURING THE YEAR:

The Board of Directors of the Company, after taking on record a declarations given by the independent directors as required under Section 149(7) of the Companies Act, 2013 and undertaking due veracity of the same, concluded that the Independent Directors of the Company are persons of integrity and possess the relevant expertise, experience and proficiency to qualify as Independent Directors of the Company and are independent of the Management of the Company and also fulfill the conditions of independence specified in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations.

29. BOARD DIVERSITY:

The Company has over the years been fortunate to have eminent people from diverse fields to serve as directors on its Board. Pursuant to the SEBI Listing Regulations, the Nomination & Remuneration Committee of the Board is to assist the Board in ensuring that diversity of gender, thought, experience, knowledge, and perspective is maintained in the Board nomination process, in accordance with the Board Diversity policy.

30. PREVENTION OF INSIDER TRADING:

The Company has adopted a Code of Conduct for Prevention of Insider Trading in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, with a view to regulate the trading in securities by the Directors and Designated Employees of the Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of shares of the Company by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the ‘Trading Window is closed. The

Board is responsible for implementation of the code. All Directors and the designated employees have confirmed compliance with the code.

31. ANNUAL RETURN:

A copy of the draft Annual Return of the Company for the Financial year 2025-26, as required under Section 134(3)(a) and 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014 is made available on the website of your Company at https://www.starlineps.com/investors.html#financials:~:text=.pdf-,Annual%20Return,-Annual%2DReturn%2D2018.

32. PUBLIC DEPOSITS:

During the financial year 2025-26, your Company has not accepted any deposits falling within the meaning of Section 73 or 74 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014, and as such, no amount on account of principal or interest on deposits from public was outstanding as on 31st March, 2026.

33. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS,

COURTS AND TRIBUNALS:

During the year under review, no significant or material orders were passed by any Regulators, Courts, or Tribunals that would affect the going concern status of the Company or its future operations.

34. INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY:

The Company has established proper and adequate system of internal control to ensure that all resources are put to optimum use and are well protected against loss and all transactions are authorized, recorded and reported correctly and there is proper adherence to policies and guidelines, safeguarding its assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records and timely preparation of reliable financial disclosures, processes in terms of efficiencies and effectiveness. The Companys internal control systems are also periodically tested and certified by the internal auditors. The Audit Committee constituted by the Board constantly reviews the internal control systems.

35. MAINTENANCE OF COST RECORD & AUDIT:

Your Company is not required to maintain cost records as specified by the Central Government under Section 148(1) of the Companies Act, 2013. The provision of cost audit does not apply to your Company.

36. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

(PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules made thereunder. The Company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

Further, the Company ensures that there is a healthy and safe atmosphere for every women employee at the workplace. The policy on Sexual Harassment at Workplace is placed on the Companys website at https://www.starlineps.com/investors.html#policies.

Details of complaints during the financial year 2025-26 are as follows:

Particulars	No. of complaints
Number of complaints received during the financial year	0
Number of complaints disposed of during the financial year	0
Number of cases pending for more than ninety days	0
Number of complaints pending as on end of the financial year	0

37. DISCLOSURE ABOUT THE APPLICATION AS MADE OR ANY PROCEEDING IS

PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE (IBC), 2016:

During the year under review, no application has been made or any proceeding is pending under the Insolvency and Bankruptcy Code (IBC), 2016.

38. DISCLOSURE ABOUT THE DIFFERENCE BETWEEN THE AMOUNTS OF VALUATION

EXECUTED AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUION ALONG WITH THE REASON THEREOF:

During the year under review, no valuation was carried out by the Bankers of the Company in connection with any one-time settlement. Accordingly, the question of any difference between the valuation at the time of one-time settlement and the valuation at the time of availing the loan does not arise. It is pertinent to note that the loan availed by the Company after the Financial year was a loan against Fixed Deposit (FD), which does not require any valuation.

39. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961:

Your Company has complied with provisions under the Maternity Benefit Act, 1961 and rules made thereunder. The Company continues to support and provide all eligible female employees with maternity benefits in line with the statutory requirements.

40. PARTICULARS OF EMPLOYEES:

Disclosures relating to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of this Report as Annexure-5.

Number of employees at the end of the financial year 2025-26 are as follows:

Particulars	No. of Employees
Female	2
Male	3
Transgender	0
Total	5

41. VIGIL MECHANISM (WHISTLE BLOWER POLICY):

In compliance with the provisions of section 177(9) of the Companies Act, 2013 and Regulation 22 of the SEBI Listing Regulations, the Company has established a vigil mechanism by adopting a Whistle Blower Policy for the directors and employees of the Company to report concerns about unethical behaviour, actual or suspected incidents of fraud or violation of Code of Conduct. It also provides adequate safeguards against the victimization of employees who avail of the mechanism and provides direct access to the Chairperson of the Audit Committee in exceptional cases. It is affirmed that no personnel of the Company have been denied access to the Audit Committee. An update on whistle blower complaints is provided to the Audit Committee of the Company on a quarterly basis.

Under this policy, your Company encourages its employees to report any reporting of fraudulent financial or other information to the stakeholders, and any conduct that results in violation of the Companys code of business conduct, to the management (on an anonymous basis, if employees so desire). All employees of the Company are covered under the Whistle Blower Policy. The Whistle Blower Policy is available on the

Companys website at: https://www.starlineps.com/investors.html#policies.

42. STATUTORY AUDITORS AND REPORT:

In terms of provisions of Section 139 of the Act, M/s. Kansariwala & Chevli, Chartered Accountants, Surat (Firm Registration No. 123689W) were re-appointed as Statutory Auditors of the Company to hold office for second term for a period of 5 years from the conclusion of the 10th Annual General Meeting held on 27th September, 2021 till the conclusion of the 15th Annual General Meeting to be held in the year 2026.

The Statutory Auditors Reports on the Annual Audited Standalone and Consolidated Financial Statements for the FY 2025-26 forms part of this Annual Report and is unmodified i.e., they do not contain any qualification, reservation, or adverse remark or disclaimer. Pursuant to Section 134(3)(ca) of the Companies Act, 2013, the Auditors have stated in their report that in terms of Section 143(12) of the Companies Act, 2013 in the course of their duties, they have no reason to believe that any of the officer or employee of the Company, had or has committed any offence or fraud.

As the term of M/s. Kansariwala & Chevli, Chartered Accountants, Surat (FRN: 123689W) Statutory Auditors of the Company, will complete at the conclusion of the ensuing 15th AGM of the Company. In view of the same, the Audit Committee and Board of Directors, in their meetings held on 02nd September, 2026, have recommended to the shareholders for their approval for the appointment of M/s. Shah & Shah, Chartered Accountants (FRN: 131527W) as the Statutory Auditors of the Company to hold office from the conclusion of the 15th AGM up to the conclusion of the 20th AGM of the Company to be held in the year 2031.

The Company has received the written consent and a certificate that M/s. Shah & Shah, Chartered Accountants (FRN: 131527W) satisfy the criteria provided under Section 141 of the Act and that the appointment, if made, shall be in accordance with the applicable provisions of the Act and rules framed thereunder. They also confirmed that they hold a valid certificate issued by the ‘Peer Review Board of the

Institute of Chartered Accountants of India (ICAI) and have provided a copy of the said certificate to your Company for reference and records. A detailed profile of M/s. Shah & Shah, Chartered Accountants is included in the 15th AGM Notice along with the resolution for the consideration of the shareholders.

43. INTERNAL AUDITORS AND REPORT:

M/s. Atit Shah & Associates, Chartered Accountants of Surat (FRN: 131493W) is acting as an Internal Auditor of the Company and has conducted periodic audit of all operations of the Company. The Audit Committee of the Board of Directors has reviewed the findings of Internal Auditors regularly.

44. SECRETARIAL AUDITORS AND SECRETARIAL AUDIT REPORT:

In compliance with Regulation 24A of the SEBI Listing Regulations and Section 204 of the Act, the Board of Directors at their meeting held on 28th August, 2025 has appointed Mr. Manish R. Patel, Practicing Company Secretary (ACS No. 19885, COP No. 9360), a peer reviewed Practicing Company Secretary as Secretarial Auditor of the Company for a term of consecutive 5 (five) financial years commencing from the conclusion of 14th Annual General Meeting till the conclusion of the 19th Annual General Meeting of the Company to be held in the year 2030 to undertake the Secretarial Audit of the Company for a period of five years and the same was approved by the Shareholders at the 14th Annual General Meeting held on 25th September, 2025. The Secretarial Audit Report for the F.Y 2025-26 in form MR-3 is attached to this report as Annexure-6.

In terms of the provisions of the Circular No CIR/ CFD/CMD1/27/2019 dated 8th February, 2019 issued by Securities and Exchange Board of India (SEBI), Mr. Manish R. Patel, Practicing Company Secretary (ACS No. 19885, COP No. 9360) have issued the Annual Secretarial Compliance Report for the financial year ended 31st March, 2026. The above said Report for the financial year 2025-26 has been submitted to the stock exchanges within 60 days of the end of the said financial year and available on website of the company at https://www.starlineps.com/investors.html#compliances.

45. MANAGEMENT EXPLANATION OR COMMENTS ON QUALIFICATIONS,

RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS:

The Auditors Report on the financial statements of the Company for the financial year ended 31st March, 2026 is unmodified, i.e., it does not contain any qualification, reservation, or adverse remark. The Auditors

Report is enclosed with the financial statements forming part of the Annual Report.

There are no disqualifications, reservations, adverse remarks, or disclaimers in the Secretarial Auditors Report for the year ended 31st March, 2026.

46. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Managements Discussion and Analysis Report provides a perspective of economic and social aspects material to your Companys strategy and its ability to create and sustain value to your Companys key stakeholders. Pursuant to the provisions of Regulation 34(2)(e) read with Schedule V of the SEBI Listing Regulations, the Managements Discussion and Analysis Report capturing your Companys performance, industry trends and other material changes with respect to your Company for the year ended 31st March, 2026 is attached to this report as Annexure-7.

47. CORPORATE GOVERNANCE:

Your Company is committed to maintain the highest standards of Corporate Governance, with a view to bring about transparency in its operations and reinforcing the valuable relationship between the Company and its Stakeholders.

The Report on Corporate Governance for FY 2025-26 regarding compliance with the conditions of Corporate Governance stipulated under Regulation 34(3) read with Schedule V of the SEBI Listing Regulations, is attached herewith and forms a part of this report as Annexure-8.

48. MATERIAL CHANGES AND COMMITMENTS OCCURRED BETWEEN THE END OF

THE FINANCIAL YEAR AND THE DATE OF THE BOARD REPORT:

There are no other material changes and commitments, affecting the financial position of the Company which occurred between the end of the financial year to which the financial statements relate and the date of this report.

49. PREPARATION OF ANNUAL ACCOUNTS FOR FINANCIAL YEAR 2025-26:

Pursuant to the MCA Circular regarding applicability of the Companies (Indian Accounting Standards (IND AS) Rules, 2015 the Company is required to prepare its Financial Statements for the financial year ended 31st March, 2026 in accordance with IND AS.

50. CHANGE IN THE NATURE OF BUSINESS:

There has been no change in the nature of business of your Company during the reporting period. Your company remains to be working in Wholesale Trading of Diamonds and Jewellery business.

During the year under review, the company has added business in its existing main object clause by adding sub-clauses 2 and 3 after existing sub-clause 1 of Clause III(A) of the Memorandum of Association (MoA). The requisite approval of the shareholders of the company was accorded in the 14th Annual General Meeting of the company held on 25th September, 2025.

Further, pursuant to the approval of the shareholders received in Extraordinary General Meeting of the Company held on 24th February, 2026, your company has added new sub-clause 4 after existing sub-clause 3 of Clause III(A) of the MoA. The Corporate Identification Number of the company has been updated as per NIC 2008 during the year under review.

For brief details, please refer to the "change in constitutional documents", which is a part of the Directors Report.

51. LISTING FEES:

Your Company has paid requisite Annual Listing Fees to the Stock Exchange i.e. BSE Limited (BSE), where its securities are listed.

52. DISCLOUSURE ON SECRETARIAL STANDARDS COMPLIANCE:

During the year under review, your Company is in compliance with the Secretarial Standards on Meetings of the Board of Directors (SS-1) and Secretarial Standards on General Meetings (SS-2), as issued by the Institute of Company Secretaries of India (ICSI) and approved by the Central Government pursuant to Section 118(10) of the Companies Act, 2013.

53. HUMAN RESOURCES:

The Company treats its "Human Resources" as one of its most important assets. The Companys culture promotes an environment that is transparent, flexible, fulfilling and purposeful. The Company is driven by passionate and highly engaged workforce. This is evident from the fact that the Company continues to remain the industry benchmark for talent retention. During the year under review, there was a cordial relationship with all the employees. The Directors would like to acknowledge and appreciate the contribution of all employees towards the performance of the Company.

54. GREEN INITIATIVE:

In commitment to keeping in line with the Green Initiative and going beyond it to create new green initiatives, electronic copy of the Annual Report for FY 2025-26 and the Notice of the ensuing AGM is being sent to all shareholders whose email addresses are available in records of the company and registered with

Companys Registrar and Share Transfer Agent. As per the General Circular No. 20/2020 of Ministry of

Corporate Affairs dated May 5, 2020, shareholders holding shares in demat form are requested to update their email addresses with their Depository Participant(s) and for shareholders holding shares in physical form, should get their email registered with, Bigshare Services Private Limited Companys Registrar and Share Transfer Agent.

55. ACKNOWLEDGEMENTS AND APPRECIATIONS:

The Board of Directors expresses its sincere appreciation for the continued support, assistance, and cooperation extended by the Financial Institutions, Bankers, Government Authorities, Customers, Vendors, and Shareholders during the year under review. The Board also acknowledges with gratitude the enduring support and patronage received from esteemed corporate houses in and around Surat.

Further, the Directors place on record their heartfelt appreciation for the dedication, commitment, and hard work of all executives, officers, and staff members, whose efforts have significantly contributed to the

Companys overall performance and operational excellence throughout the year.

	For and on behalf of the Board of Directors
		StarlinePS Enterprises Limited
	Sd/-	Sd/-
	Shwetkumar Koradiya	Hardikbhai Patel
Date: 02-09-2026	Chairman & Managing Director	Whole Time Director & CFO
Place: Surat	DIN: 03489858	DIN: 08566796
REGISTERED OFFICE:
Office No. 805, Solaris Bay View,
Near Iscon Mall, Piplod,
Surat-395007, Gujarat.