Star Housing Finance Ltd

Certificate details

• Certificate confirms Reg 74(5) compliance for the reporting period.

Star Housing Finance Limited — Trading Window closed from 01 October 2026 until 48 hours after the declaration of unaudited quarterly results for the quarter ended 30 September 2026.

AGM extension

• Board approval on August 31, 2026 to seek AGM extension.
• Applied to ROC for extension of AGM till December 31, 2026 for FY ended 31 March 2026.
• ROC granted the extension on September 17, 2026.
• AGM to be held on or before December 31, 2026; date to be intimated.
• AGM for FY2025-26 will be convened within the extended timeline.

Resolutions and outcomes

• Resolution 1 (Ord): Appoint Yogesh Limbachiya as Nominee Director; term not disclosed.
• Resolution 2 (Special): Appoint Shweta Mehta as Independent Director; approved with 60 in favour, 2 against, 1 abstained.
• Resolution 3 (Special): Appoint Abhaykumar J. Pal as Independent Director; approved with 60 in favour, 2 against.
• Board governance: three directors appointed (one Nominee, two Independent); no capital actions.

Registered office change

• Previous registered office: 603, Western Edge I, Above Cash & Carry, Borivali East, Mumbai 400066.
• New registered office: Office No 1222, The Summit Business Park, Opposite Max Cinema, Andheri East, Mumbai 400093.
• Effective from 09 September 2026.
• Board approved the shift at meeting held on 09 September 2026.
• Within Mumbai city limits; no change in jurisdiction.

Investor and governance update

• Investor expressing interest in acquiring a majority stake, enabling exit for promoters and the largest shareholder.
• Proposed primary infusion to strengthen the balance sheet, subject to requisite approvals.
• Two independent directors have been appointed to the board per the investor's suggestion.
• Board strengthening, including induction of executive directors, will continue subject to necessary approvals.
• Expected outcome is new ownership and complete transition of promoters and the largest shareholder.
• Objective to safeguard stakeholder value and revival of the company.
• Current update is for information and records; no completion status disclosed.

NHB fraud order

• NHB has issued an order classifying the company’s account as fraud.
• The order is linked to a forensic audit conducted by NHB-appointed auditors.
• Management is reviewing the order and determining appropriate next steps.

Action

• Ind-Ra migrated SHFL's NCDs and bank facilities to IND D(ISSUER NOT COOPERATING).

Instruments & Sizes

• NCDs INR 2,500 million and bank facilities INR 4,500 million now IND D(ISSUER NOT COOPERATING).

Cooperation & Information

• Issuer did not participate; rating based on best available information; default status noted.

Outlook & Caution

• No forward-looking credit view due to non-cooperation; caution advised for investors.

Postal ballot for independent directors

• Postal ballot notice issued to appoint three independent directors.
• Proposed independent directors listed with DINs.
• Cut-off date for voting: 7 August 2026.
• E-voting window: 15 Aug 2026 09:00 IST to 13 Sep 2026 17:00 IST.
• Postal ballot notices issued via physical copies not dispatched; remote e-voting only.
• Results to be announced on 15 Sep 2026 and filed with ROC.
• Voting platform: ivote.bigshareonline.com; website postings for notices.
• Eligibility based on paid-up value on cut-off date.

Resolutions

• Item 1 (Ordinary): appoint Yogesh Limbachiya as Nominee Director; term per Debenture Trust Deed.
• Item 2 (Special): appoint Shweta Mehta as Independent Director for 1 year; independence confirmed.
• Item 3 (Special): appoint Abhaykumar J. Pal as Independent Director for 1 year; independence confirmed.

Voting status

• Outcome not disclosed in the filing; results to be announced after e-voting.

Shareholder impact

• Adds Nominee and Independent Directors; enhances governance with SEBI Listing Regulations and LODR compliance.