Starlog Enterprises Ltd Board Approves Up To INR 5 Crore Infusion into Subsidiary
Starlog Enterprises Limited has approved a significant infusion of funds into its wholly owned subsidiary, Starport Logistics Limited. This decision was formalized during a Board meeting held on June 23, 2026.The company's board reviewed and sanctioned the provision of further funding to Starport Logistics Limited. The authorized amount for this infusion does not exceed INR 5 Crore.
The funds can be provided through various mechanisms, including subscription in securities or by way of a loan, which may be convertible or non-convertible. This action is subject to compliance with applicable laws and required statutory approvals.
Details regarding the board meeting include:
- Company: Starlog Enterprises Limited
- Subsidiary: Starport Logistics Limited (Wholly owned)
- Approved Fund Limit: Not exceeding INR 5 Crore
- Meeting Commencement Time: 03.44 P.M. IST
- Meeting Conclusion Time: 03.55 P.M. IST
Stock Price Movement
Starlog Enterprises Ltd settled on Tuesday at ₹37.17, shedding 4.64% in the closing trade. The shares saw movement throughout the day, ranging between a low of ₹37.02 and an intraday high of ₹38.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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