Star Housing Finance Limited has disclosed payment defaults on term loan instalments to two major financial institutions, as per regulatory filings made on 07-04-2026. The disclosures were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular no. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019.

Default Details

The company reported two separate defaults on term loan instalment payments:

Loan Portfolio Structure

The underlying loan arrangements with both lenders involve multiple tranches with varying terms:

Hinduja Housing Finance Limited

LIC Housing Finance Limited

Financial Position

The company's overall borrowing profile shows significant exposure to institutional lenders:

All the disclosed loans are structured as secured term loans with scheduled instalment payments. The defaults represent missed principal payments, with no interest components outstanding at the time of disclosure. The company's total financial indebtedness of ₹410.02 crore encompasses both short-term and long-term debt obligations from banks and financial institutions.

Regulatory Compliance

The disclosure was signed by Nachiketa Purohit, Company Secretary & Compliance Officer, and submitted to BSE Limited. The filing includes detailed annexures providing comprehensive information about each default, including loan terms, interest rates, and tenure details for all tranches under both lending arrangements.

Star Housing Finance Limited has announced the appointment of two Additional Non-executive Directors following a board meeting held on March 31, 2026, and has now submitted an application to the Reserve Bank of India for prior approval as required under regulatory guidelines.

Board Meeting Outcomes and RBI Application

The board meeting, which commenced at 7:30 p.m. and concluded at 7:45 p.m. on March 31, 2026, resulted in the approval of two key appointments. Subsequently, on April 7, 2026, the company informed BSE that an application is being submitted to RBI for prior approval in line with Clause 45.3 of Chapter VIII, Section III of the Master Direction – NBFC (Housing Finance Company) Directions, 2021.

Director Profiles and Experience

Mr. Anil Sachidanand brings over three decades of experience in the Banking and Lending sector. He holds an M.B.A in marketing and is a member of ICWAI. Currently serving as Managing Director of Arkfin Investments and Advisors Private Limited, which is the largest shareholder of the Company, his strategic insights and operational finesse have been developed across renowned organizations.

Mr. Ashish Jain is an Engineer by qualification with a postgraduate degree from the University of Nottingham, UK. He brings a strong blend of technical understanding, strategic perspective, and managerial capability. Notably, he previously served as Chairman and Managing Director of the company from May 28, 2018 to June 30, 2024, providing him with comprehensive exposure across business, finance, accounts, and operations.

Regulatory Compliance Framework

Both appointments are subject to RBI's prior approval, with the date of appointment to be confirmed upon receiving regulatory clearance. The appointments comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Governance and Disclosure

Both directors have disclosed no relationships with existing board members, ensuring independence in their roles. The company maintains transparency through proper disclosure protocols, with Company Secretary & Compliance Officer Nachiketa Purohit overseeing the regulatory communications. All information has been made available on the company's official website at www.starhfl.com , ensuring accessibility for stakeholders.