Audit & Compliance3 April 2026 at 10:20 am
Star Housing Finance Ltd. Addresses NHB's Snap Audit Report Observations
AI Summary
Star Housing Finance Ltd. announced the outcome of a Board of Directors meeting held on 03.04.2026. The Board discussed the Snap Audit Report issued by the National Housing Bank (NHB). They acknowledged the receipt of the report and took cognizance of the audit observations. The Management has been instructed to provide an immediate reply to the report. The Board further directed that all sections mentioned in the report should be audited by an external agency of Independent professional auditors. Suspicious transactions highlighted in the audit reports must be reported to the relevant regulatory authorities in accordance with compliance requirements.
Key Highlights
- Star Housing Finance Ltd. Board discussed the Snap Audit Report issued by NHB.
- The Management has been instructed to provide an immediate reply to the report.
- The Board directed that all sections in the report should be audited by an external agency.
- Suspicious transactions highlighted in the audit reports must be reported to the relevant regulatory authorities.