Star Housing Finance appointed Mr. Kalpesh Dave as Advisor-Transition (External Consultant) effective June 27, 2026, to provide advisory services on business strategy, finance, legal, technology, and operations. This appointment follows the completion of his tenure as Executive Director and CEO on June 26, 2026, as per the terms established through Board Resolutions dated June 27, 2023, and June 18, 2024, a Shareholders Resolution dated September 16, 2024, and an RBI letter dated September 13, 2024.

The Board of Directors approved the appointment by circulation on June 26, 2026. The disclosure was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the prior cessation of the executive role was due to the completion of tenure and not a result of resignation or removal.

Committee Membership Changes

Consequent to his departure from the executive role on June 26, 2026, Kalpesh Dave ceased to be a member of key board committees. He is no longer part of the Risk Management Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee.

Details of Appointment

Star Housing Finance Ltd has appointed Yogesh Limbachia as an Additional Non-executive Nominee Director to strengthen its board oversight, effective June 17, 2026. The appointment, subject to shareholder approval, was made through a board resolution passed via circulation pursuant to Regulation 30 and 51 of the SEBI LODR Regulations. Limbachia has been nominated by Vardhman Trusteeship Private Limited in accordance with the Debenture Trust Deed.

The new director is a qualified Company Secretary holding additional certifications from NISM and ICAI. Limbachia brings extensive experience in compliance automation, ERP systems, and regulatory reporting, having worked with organizations such as LoanTap, MITCON Credentia, BDO India, and AMW Motors. His professional background includes raising over INR 250 Crores through Non-Convertible Debentures (NCDs) and Commercial Papers (CPs).

Regulatory Disclosures

The company informed BSE Limited that the director is not debarred from holding office by virtue of any SEBI order or any other authority. There are no inter-se relationships between the directors of the company that require disclosure. The appointment follows the provisions of Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Limbachia is recognized for contributions in training, mentorship, and community outreach. He has received accolades including awards for Compliance Leadership and Fundraising Excellence. His expertise spans SEBI compliance, audits, and stakeholder management.