Star Housing Finance Limited Announces Resignation of Independent Director Pradip Kumar Das

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.

Parameter:	Details
Director Name:	Mr. Pradip Kumar Das
DIN:	06593113
Position:	Non-Executive Independent Director
Resignation Date:	March 30, 2026
Reason:	Personal exigencies and unavoidable personal commitments

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.

Listed Entity:	Category of Directorship	Board Committee Positions
Birla Cotsyn (India) Limited:	Non-Executive Independent Director	Audit Committee – Chairman, Nomination and Remuneration Committee – Member, Stakeholder Relationship Committee – Member
Time Technoplast Limited:	Non-Executive Independent Director	Stakeholder Relationship Committee – Chairman

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.94%	-0.25%	-40.76%	-62.63%	-62.63%	-74.19%

Star Housing Finance Limited has provided important clarification regarding the put option notice for its non-convertible debentures, revealing that the actual outstanding principal amount is significantly lower than the originally reported figure. The company clarified that while the put option notice mentioned Rs. 20,00,00,000, this represents the original issue size, not the current outstanding amount.

Clarification on Outstanding Amount

The company issued a clarification on March 13, 2026, explaining that the NCDs under ISIN INE526R07017 originally had an issue size of Rs. 20,00,00,000 when launched on October 19, 2023. However, due to regular monthly principal repayments as per the payment schedule, the current outstanding principal amount has been reduced substantially.

Parameter:	Original Details	Current Status
Original Issue Size:	Rs. 20,00,00,000	-
Outstanding Principal:	-	Rs. 6,66,66,667
ISIN:	INE526R07017	INE526R07017
Issue Date:	October 19, 2023	-
Put Notice Date:	March 11, 2026	March 11, 2026
Record Date:	April 04, 2026	April 04, 2026

Put Option Process Details

The put option notice was issued by Vardhman Trusteeship Private Limited under the provisions of the debenture trust deed dated October 18, 2023. The debentures are listed, rated, senior, secured, transferable, and redeemable non-convertible debentures. The company has been making partial principal repayments on a monthly basis in accordance with the payment schedule specified in the Term Sheet of the NCDs.

Payment Requirements

As per the notice from the debenture trustee, Star Housing Finance must deposit the aggregate outstanding amount based on the put option consent of debenture holders as on the record date of April 04, 2026. The payment must be made in accordance with the provisions of the debenture trust deed directly into the bank accounts of the debenture holders. The company maintains its 45-day payment timeline from the original put notice date of March 11, 2026.

Regulatory Compliance

The clarification was submitted to BSE Limited and complies with regulatory requirements under SEBI regulations. The document was digitally signed by Nachiketa Purohit, Company Secretary & Compliance Officer, ensuring proper corporate governance and transparency in the disclosure process.