Default23 May 2026, 04:00 pm
Star Housing: Debenture Holders Meeting Adjourned to May 29
AI Summary
Star Housing Finance Ltd announced that the Debenture Holders meeting, initially scheduled for May 22, 2026, has been adjourned to May 29, 2026, at 4:00 p.m. via video conferencing. The adjournment was due to a lack of quorum. The meeting concerns a default in interest and principal payment on Non-Convertible Debentures (NCDs) aggregating to ₹20,00,00,000 under ISIN INE526R07017, with the payment originally due on May 19, 2026. The agenda remains the same as the notice dated April 27, 2026, focusing on the Debenture Trustee's course of action.
Key Highlights
- Star Housing's Debenture Holders meeting rescheduled to May 29, 2026.
- Meeting addresses default on ₹20 Cr NCDs (ISIN INE526R07017).
- Original payment due date was May 19, 2026.
- Adjournment due to lack of quorum at the May 22 meeting.
- Meeting to discuss Debenture Trustee's actions regarding the default.
Price Impact
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