Star Housing Finance Ltd has appointed Ms. Shweta Mehta as an Additional Director in the Non-Executive Independent category effective June 15, 2026. The appointment, approved by the Board of Directors through a circular resolution, is for a term of one year and requires shareholder approval. Ms. Mehta is not debarred from holding the position of director by any order from SEBI or other authorities.

Ms. Shweta Mehta brings over 18 years of experience in healthcare, digital platforms, and community-focused initiatives. She is the founder of an early e-pharmacy platform in India and a former owner of a government-supported generic medicine store. Her professional background includes improving healthcare accessibility and affordability, and she previously held a directorship at Jalaram New Media Pvt. Limited for over a decade.

The company disclosed that there are no inter-se relationships between the directors. Ms. Mehta has received recognition for her contributions to digital healthcare, including the 'Thoughtful Leader of the Year' award in 2023. Her profile has been detailed in the regulatory filing submitted to BSE Limited.

Appointment Details

star housing finance has announced the adjournment of the meeting for holders of its Non-Convertible Debentures (NCDs). The meeting, initially convened on May 22, 2026, was rescheduled due to a lack of quorum and will now take place on May 29, 2026. The adjournment follows a default in the payment of interest and outstanding principal on the debentures.

Meeting Details

The adjourned meeting is scheduled for Friday, May 29, 2026, at 4:00 p.m. It will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The agenda remains unchanged from the previous notice dated April 27, 2026. The Debenture Trustee, Vardhman Trusteeship Private Limited, will host the session, and the link for the meeting will be provided separately on their website.

Default and Agenda

The payment of interest and the outstanding principal was due on May 19, 2026. The default occurred under the ISIN INE526R07017 for NCDs aggregating to INR 20,00,00,000. The meeting aims to obtain the consent of investors for the enforcement of security and for signing the Inter Creditor Agreement (ICA) pursuant to the Debenture Trust Deed dated October 18, 2023.

NCD Details

The Debenture Trustee requires instructions from holders representing not less than 75% of the outstanding debentures by value and 60% of the debenture holders by number to proceed with the enforcement of security. If requisite consents are not received, the debenture holders may decide on further course of action during the meeting.