Star Housing Finance Limited has announced the resignation of its Non-Executive Independent Director Mr. Ajith Kumar Lakshmanan, effective March 31, 2026. The company informed BSE Limited about this development on April 1, 2026, through a formal intimation signed by Company Secretary and Compliance Officer Nachiketa Purohit.

Director Details and Resignation Timeline

Mr. Ajith Kumar Lakshmanan, holding Director Identification Number 09724549, submitted his resignation letter on March 31, 2026, with immediate effect from the same date. The resignation was processed in accordance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reasons for Resignation

In his resignation letter, Mr. Lakshmanan outlined several critical concerns that led to his decision to step down from the board. The director cited multiple governance requirements and regulatory compliance issues that remained inadequately addressed despite assurances from the management.

The specific concerns raised by the resigning director included:

• Governance Issues: Multiple governance requirements that needed attention
• Regulatory Compliance: Need for compliance to regulatory standards, particularly regarding appointment of Key Managerial Personnel
• Board Processes: Inadequate board processes and internal controls
• Financial Concerns: Unresolved liquidity and cash flow requirements
• Board Composition: Continuing concern about the absence of promoter directors on the board

Regulatory Compliance and Disclosures

Star Housing Finance Limited has fulfilled all mandatory disclosure requirements under SEBI regulations. The company provided comprehensive information as required under Regulation 30 read with clause 7B of Part A of Schedule III of the Listing Regulations and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Mr. Lakshmanan confirmed that there are no other material reasons for his resignation beyond those mentioned in his resignation letter. The director does not hold any directorships in other listed entities or memberships in board committees of other listed companies.

Company Response and Next Steps

The resignation has been accepted by the board, and the company has committed to filing all necessary forms and intimations with stock exchanges, Registrar of Companies, and other regulatory authorities as required under the Companies Act, 2013, SEBI regulations, and other applicable laws. The company secretary has ensured proper documentation and compliance with all regulatory requirements for the director's departure.

Star Housing Finance Limited has announced the resignation of Mr. Pradip Kumar Das from his position as Non-Executive Independent Director, effective March 30, 2026. The resignation was communicated to BSE Limited under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Pradip Kumar Das (DIN: 06593113) submitted his resignation via email on March 30, 2026, with the resignation taking effect from the closure of business hours on the same date. The director cited personal exigencies and unavoidable personal commitments as the primary reasons for his departure from the board.

Other Directorships

As part of the regulatory disclosure, the company provided information about Mr. Das's directorships in other listed entities. He currently serves as Non-Executive Independent Director in multiple companies with various board committee responsibilities.

Regulatory Compliance

The company has fulfilled all requisite disclosures as required under Regulation 30 read with clause 7B of Part A of Schedule III of the Listing Regulations and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary and Compliance Officer Nachiketa Purohit (Mem no.: A25011) signed the intimation letter digitally on March 31, 2026.

Director's Confirmation

In his resignation letter, Mr. Das expressed gratitude to the Board of Directors, Management, and employees for their support and cooperation during his tenure. He confirmed that his resignation was due to personal exigency only and that there are no other material reasons beyond those mentioned in his resignation letter. The director requested the company to file necessary forms and intimations with Stock Exchanges, Registrar of Companies, and other regulatory authorities as required under applicable laws.