Star Housing Finance has initiated a postal ballot process to seek shareholder approval for three key board appointments. The company’s Company Secretary, Nachiketa Purohit, confirmed on August 17, 2026, that the published copy of the notice was submitted to BSE Limited, following newspaper advertisements in Financial Express and Pratahkal on August 15, 2026.

The postal ballot seeks to amend the composition of the board through electronic voting. Shareholders holding shares as of the cut-off date, August 7, 2026, are eligible to vote. The voting window opened on the cut-off date and closed at 5:00 pm on August 15, 2026.

Proposed Resolutions

The ballot covers three distinct resolutions regarding director appointments:

• Nominee Director: Appointment of Yogesh Limbachiya (DIN: 11709935) as a nominee director via an ordinary resolution.
• Independent Directors: Appointment of Shewta Mehta (DIN: 01263063) and Abhaykumar J. Pal (DIN: 11820566) as independent directors via special resolutions.

Voting Mechanism

In compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company facilitated remote e-voting. Physical copies of the postal ballot notice were sent to shareholders without registered email addresses, while digital notices were dispatched to those with registered emails.

The voting rights were reckoned based on the paid-up value of equity shares held by members as of the cut-off date. The company emphasized that only individuals appearing in the Register of Members or Register of Beneficial Owners on August 7, 2026, were entitled to cast their votes.

Star Housing Finance Ltd's board has rejected a request from its promoters to reclassify their status from the 'Promoter Group' category to the 'Public' category. The decision was taken during a board meeting held on July 11, 2026, via video conferencing. The rejection comes amid the company's ongoing efforts to address liquidity challenges and revive operations.

The board considered the request letters dated June 30, 2026, and July 1, 2026, submitted by the promoters under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. After deliberation, the board decided not to approve the reclassification at this stage. The decision was influenced by the company's current liquidity position, difficulties in making timely repayments and statutory dues, and discussions with a proposed investor.

The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Nachiketa Purohit, Company Secretary and Compliance Officer of Star Housing Finance Limited.

Key Details of the Board Decision

The board's decision underscores the company's focus on stabilizing its financial position and navigating ongoing revival efforts. The reclassification request remains unapproved as the company continues to address its liquidity and repayment challenges.