Star Housing Finance Ltd

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.

Star Housing Finance Ltd has announced the appointment of Mr. Abhaykumar J Pal as an Additional Director in the category of Non-Executive Independent Director. This appointment, effective from July 7, 2026, is subject to shareholder approval. Mr. Pal is a Practising Company Secretary with over a decade of experience in corporate laws, securities laws, regulatory compliance, and board advisory, specializing in NBFC compliance and corporate governance. He is not debarred from holding directorship by any SEBI order or other authority.

Star Housing Finance Ltd has received reclassification request letters from its promoters, Akme Automobiles Private Limited and others, seeking to move from the 'Promoter and Promoter Group' category to the 'Public' category. The requests are based on holding nominal share percentages and lacking control over the company's affairs. The company will proceed with necessary steps as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Star Housing Finance Ltd has received reclassification requests from its promoters, including Akme Fintrade (India) Limited and Nirmal Kumar Jain HUF. The promoters are seeking to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They state they do not hold any shares, have never exercised control, and are not represented on the board. The company will proceed with necessary steps as per the regulations.

Star Housing Finance Ltd has appointed Mr. Kalpesh Dave as an Advisor - Transition (External Consultant) effective June 27, 2026. The appointment was approved by the Board of Directors via a resolution by circulation dated June 26, 2026. Mr. Dave will provide advisory and consultancy services in areas including business strategy, finance, legal, technology, and operations to support the company's transition phase.

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 remain shut from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. This measure is standard practice to prevent potential insider trading during sensitive financial reporting periods.

Star Housing Finance Ltd has announced the appointment of Mr. Yogesh Limbachia (DIN: 11709935) as an Additional Non-executive Nominee Director. This appointment, effective from June 17, 2026, is subject to the approval of the company's shareholders. Mr. Limbachia is nominated by the Debenture Trustee, Vardhman Trusteeship Private Limited. He is a qualified Company Secretary with additional certifications and brings extensive experience from reputed organizations like LoanTap and BDO India. His expertise includes compliance automation, ERP systems, regulatory reporting, and stakeholder management. Notably, he has successfully raised over ₹250 Crores through Non-Convertible Debentures and Commercial Papers, earning accolades for Compliance Leadership and Fundraising Excellence. He is not debarred by any regulatory authority.

Star Housing Finance Ltd has announced the appointment of Ms. Shweta Mehta as an Additional Director in the category of Non-Executive Independent Director. The appointment, effective June 15, 2026, is subject to shareholder approval. Ms. Mehta brings over 18 years of experience in healthcare and digital platforms, including founding an early e-pharmacy platform and holding directorships in media companies. She has been recognized for her contributions to digital healthcare. The company has confirmed she is not debarred from holding a director position by any regulatory authority.

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.