Star Housing Finance Limited has received a put option notice from its debenture trustee for non-convertible debentures worth INR 20,00,00,000. The notice was issued by Vardhman Trusteeship Private Limited on March 11, 2026, under the provisions of the debenture trust deed dated October 18, 2023.

Put Option Details

The put option notice relates to listed, rated, senior, secured, transferable, redeemable non-convertible debentures issued under ISIN INE526R07017. The debentures have an aggregate value of INR 20,00,00,000 (Indian Rupees Twenty Crore Only).

Payment Requirements and Timeline

Under the terms of the debenture trust deed, Star Housing Finance Limited must deposit the aggregate amount as determined based on the consent of debenture holders as on the record date of April 04, 2026. The payment must include accrued interest, representing the put option price, along with all other outstanding amounts including any penalties.

The company has a strict timeline of 45 days from the date of the put notice to complete the payment. This means the payment must be made no later than 45 days from March 11, 2026, in accordance with the provisions of the debenture trust deed. The funds must be deposited directly into the bank accounts of the debenture holders.

Regulatory Compliance

The intimation was made pursuant to Regulation 51 and Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the disclosure complies with Regulation 15 of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

The put option exercise falls under Clause B (Scheduled Redemption and Early Redemption) of Schedule III (Issue Terms and Conditions) of the debenture trust deed. The notice was signed by Yogesh Limbachiya, Compliance Officer at Vardhman Trusteeship Private Limited, and acknowledged by Kalpesh Dave, Executive Director & CEO of Star Housing Finance Limited.

Legal Framework

The put option notice and any obligations arising from it are governed by Indian laws. Both parties have agreed to the dispute resolution mechanism outlined in Clause 9 of the debenture trust deed. The exercise of the put option represents a standard procedure under the terms of the original debenture issuance agreement between the company and the trustee.

Star Housing Finance Limited has officially relocated its corporate office from Vashi to Andheri East, Mumbai, marking a strategic move in the company's operational setup. The relocation became effective from February 23, 2026, as communicated to BSE Limited on February 24, 2026.

Regulatory Compliance and Communication

The company fulfilled its regulatory obligations by informing BSE Limited about the office relocation in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This communication followed an earlier intimation dated February 2, 2026, indicating the company's planned relocation.

Office Address Details

The corporate office transition involves a significant geographical shift within the Mumbai metropolitan region:

Strategic Location Advantages

The new office location at The Summit Business Park in Andheri East offers enhanced connectivity advantages, being situated near the W.E. Highway Metro Station. This positioning provides improved accessibility for stakeholders and employees compared to the previous Vashi location at Platinum Techno Park.

Corporate Governance

The relocation announcement was formally signed by Nachiketa Purohit, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols were followed. The company has requested BSE Limited to update their records and website to reflect the new corporate office address, maintaining transparency in corporate communications.