StockWatch
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Housing Finance Company
Regulatory1 May 2026, 11:50 am

Star Housing Puts External Audit for NHB Snap Report on Hold

AI Summary

Star Housing Finance Ltd announced that the appointment of M/s. Parikh & Associates, Chartered Accountants, for a comprehensive external audit related to the National Housing Bank's (NHB) Snap Audit Report, has been put on hold. This decision was made as per the instructions of the Board and Management, following previous intimations on April 3 and April 14, 2026. The company clarified that the matter under review remains at the stage of suspicion and the existence of such irregularities has not yet been substantiated. Further developments are expected to be updated soon.

Key Highlights

  • External audit for NHB Snap Report put on hold by Board.
  • M/s. Parikh & Associates were shortlisted for the audit.
  • Company clarifies irregularities are unsubstantiated.
  • Matter remains at the stage of suspicion.
  • Further updates on the issue are awaited.