Star Housing Finance Ltd

Star Housing Finance Ltd has announced the closure of its trading window for directors, promoters, designated persons, connected persons, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from October 1st, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ending September 30th, 2026. This measure is standard practice to prevent potential insider trading during periods when material non-public information may be available.

Star Housing Finance Limited has issued a clarification regarding the name of the auditor appointed for a forensic audit by its lenders. The company stated that the auditor's name was inadvertently mentioned as Ravi Ranjan & Co. LLP in a previous filing dated September 9th, 2026. The correct name of the auditor is Ravi Rajan & Co. LLP, Chartered Accountants. The company has regretted the error and requested the stock exchange to record the corrected disclosure.

Star Housing Finance Ltd has received approval from the Registrar of Companies (ROC) for a three-month extension to convene its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company had applied for this extension due to reasons outlined in its application, and the ROC granted the extension on September 17, 2026. Consequently, the AGM must now be held on or before December 31, 2026. The company will announce the specific AGM date in due course.

Star Housing Finance Ltd has announced the shifting of its registered office within Mumbai, from Borivali East to Andheri East, effective September 9, 2026. The Board of Directors also approved an extension for Mr. Kalpesh Dave's tenure as Advisor – Transition until December 31, 2026. Additionally, the company's lenders have appointed Ravi Ranjan & Co. LLP as a forensic auditor to conduct an audit of the company's affairs.

Star Housing Finance Ltd announced key updates following a Board of Directors meeting. The company is shifting its registered office within Mumbai, effective September 9, 2026. Additionally, the tenure of Mr. Kalpesh Dave as Advisor – Transition has been extended until December 31, 2026. In a significant development, the company's lenders have appointed Ravi Ranjan & Co. LLP to conduct a forensic audit.

Star Housing Finance Ltd is in discussions with a potential investor interested in acquiring a majority stake. This acquisition would involve purchasing shares from promoters and the single largest shareholder, facilitating their complete exit. The investor also proposes a primary capital infusion to strengthen the company's balance sheet, subject to necessary approvals. As part of this transition, two Independent Directors have been appointed to the Board, with further strengthening planned. These steps aim to secure new ownership, ensure promoter transition, and safeguard stakeholder value for the company's revival.

Star Housing Finance Ltd has announced that it received an order from the National Housing Bank (NHB) classifying its account as 'Fraud'. This classification follows a forensic audit conducted by auditors appointed by NHB. The company's management is currently reviewing the order to determine the appropriate course of action. This development could have significant implications for the company's financial standing and regulatory compliance.

Star Housing Finance Ltd has been informed by certain promoters, promoter group members, and other shareholders (Proposed Sellers) about the execution of a Letter of Intent (LOI) with Cateye Consultancy Services Private Limited (Proposed Acquirer). The LOI outlines the Proposed Acquirer's intent to acquire 2,64,78,962 equity shares, representing 33.52% of the company's paid-up equity share capital. The acquisition price is subject to future negotiation. This LOI is a preliminary, non-binding document contingent upon due diligence, price agreement, definitive SPA execution, regulatory approvals including RBI, and compliance with SEBI takeover regulations. The consummation of the transaction is not guaranteed.

Star Housing Finance Ltd's Board of Directors, in a meeting held on July 11, 2026, decided not to approve the request from promoters seeking reclassification from 'Promoter Group' to 'Public' category. The decision was made after considering the company's liquidity challenges, difficulties in timely repayment of dues, discussions with a proposed investor, and ongoing revival efforts. The board cited the company's current financial position and challenges as reasons for not approving the reclassification at this stage.

Star Housing Finance Ltd has issued a corrigendum to its earlier intimation dated July 8, 2026. The company clarified that the appointment of Mr. Abhaykumar J. Pal as an Additional Director (Non-Executive Independent) is effective from July 8, 2026, not July 7, 2026, as inadvertently stated. Mr. Pal, a Practising Company Secretary with over a decade of experience in corporate laws and governance, has been appointed for a term of one year, subject to shareholder approval. His expertise includes NBFC compliance, corporate governance, and regulatory advisory.