Quarterly Updates7 April 2026 at 01:21 pm
Star Housing Finance Defaults on Term Loan Instalment Payments to Hinduja Housing and LIC Housing
AI Summary
Star Housing Finance Ltd has disclosed defaults on term loan instalment payments to Hinduja Housing Finance Limited and LIC Housing Finance Limited. The default amount for Hinduja Housing Finance is INR 0.50 crore (principal) and INR 0 crore (interest), while for LIC Housing Finance, the default amount is INR 1.32 crore (principal) and INR 0 crore (interest). The defaults were made on 28th February 2026 and 1st March 2026 respectively. The company has an outstanding borrowing of INR 410.02 crore from banks and financial institutions and a total financial indebtedness of INR 410.02 crore including short-term and long-term debt.
Key Highlights
- Star Housing Finance defaults on term loan instalment payments to Hinduja Housing Finance Limited and LIC Housing Finance Limited
- The default amount for Hinduja Housing Finance is INR 0.50 crore (principal) and INR 0 crore (interest)
- The default amount for LIC Housing Finance is INR 1.32 crore (principal) and INR 0 crore (interest)
- The company has an outstanding borrowing of INR 410.02 crore from banks and financial institutions
- The company has a total financial indebtedness of INR 410.02 crore including short-term and long-term debt