The board of Star Housing Finance Limited approved shifting its registered office within Mumbai and extending the tenure of its transition advisor on September 9, 2026.

The company also disclosed that its lenders have appointed a forensic auditor to conduct an audit of the firm.

Office Relocation

The board approved moving the registered office from Borivali East to Andheri East, effective September 9, 2026.

Advisor Tenure Extension

The tenure of Mr. Kalpesh Dave, appointed as Advisor – Transition (External Consultant) in June 2026, was extended until December 31, 2026.

Forensic Audit Appointment

Lenders of the company appointed Ravi Ranjan & Co. LLP as the Forensic Auditor to conduct a forensic audit of Star Housing Finance Limited.

Star Housing Finance Limited is engaging with a potential investor interested in acquiring a majority stake through the purchase of shares held by promoters and the single largest shareholder. This move facilitates a complete exit for existing promoters.

The update, dated August 27, 2026, follows an earlier intimation on August 13 regarding a Letter of Intent executed with Cateye Consultancy Services Private Limited. The potential investor has also proposed infusing funds through the primary route to strengthen the company’s balance sheet, subject to requisite approvals.

Governance Changes

Pursuant to recommendations from the potential investor, two Independent Directors have already been appointed to the Board. The process of further strengthening the Board, including the induction of Executive Directors, will continue in due course, subject to necessary approvals.

Strategic Objective

These measures aim to result in new ownership and a complete transition of the existing promoters and the current single largest shareholder. The company stated these steps are being undertaken to safeguard stakeholder value and ensure the revival of the company.

The announcement was signed by Nachiketa Purohit, Company Secretary & Compliance Officer.