Starcom Information Technology's Promoter and MD, Mr. Ziaulla Sheriff, has cleared the company's outstanding working capital loan of INR 6.75 Cr owed to Techuni Ventures Private Limited.

He settled this debt by transferring 10.31 lakh of his personal equity shares to Techuni Ventures at an agreed price of INR 65.45 per share.

This move resolves a company liability without a cash outflow from Starcom, directly impacting the shareholding structure.

Post-transfer, Mr. Sheriff's stake is 45.13%, and Techuni Ventures now holds 21.69% of the company.