Star Housing Finance Limited (STARHFL) has announced a significant change to its previously planned rights issue timeline. The company's Rights Issue Committee, in a meeting held on October 9, 2025, decided to reschedule the rights issue due to unforeseen circumstances.

Revised Timeline

The revised schedule for the rights issue is as follows:

Key Points

• The Rights Issue Committee cited "certain unavoidable circumstances" as the reason for the rescheduling.
• The decision aims to ensure smooth execution and full compliance with applicable regulatory and operational requirements.
• The committee has approved changes to the letter of offer, application form, rights entitlement form, and other relevant documents to reflect the new timeline.
• All other terms and conditions of the rights issue, as approved in the committee meeting held on September 24, 2025, remain unchanged.

Company Statement

Kalpesh Dave, Executive Director & CEO of Star Housing Finance Limited, signed off on the notice detailing these changes. The Rights Issue Committee meeting where these decisions were made commenced at 1:45 PM and concluded at 2:10 PM on October 9, 2025.

Investors and stakeholders are advised to take note of these revised dates for the rights issue. The company has stated that the updated information will be available on their official website at www.starhfl.com .

This rescheduling of the rights issue timeline highlights the dynamic nature of capital market operations and the importance of regulatory compliance in corporate actions. Investors interested in participating in the rights issue should mark their calendars accordingly and stay tuned for any further updates from the company.

Star Housing Finance Limited (STARHFL) held its 20th Annual General Meeting (AGM) on September 26, where shareholders approved several key corporate actions, including a significant increase in the company's authorized share capital and a rights issue.

Key Highlights of the AGM

Capital and Share Structure

• Shareholders approved raising the authorized share capital from Rs. 50.00 crore to Rs. 125.00 crore
• The increase involves creating an additional 15 crore equity shares of Rs. 5.00 each, bringing the total to 25 crore equity shares
• Clause V of the company's Memorandum of Association was amended to reflect this change

Financial Decisions

• A final dividend of Rs. 0.10 per equity share was approved
• Members authorized borrowing limits up to Rs. 1000.00 crores
• Approval for asset sale/securitization up to Rs. 100.00 crores was granted

Rights Issue

The Rights Issue Committee approved a Rs. 98.27 crore rights issue with the following details:

Term Loan from State Bank of India

Star Housing Finance Limited secured a Rs. 50.00 crore term loan sanction from State Bank of India. This loan is intended to:

• Augment lending capacity
• Strengthen the company's asset-liability profile

Additional Resolutions Passed

1. Adoption of audited financial statements
2. Re-appointment of Mr. Kalpesh Rajendra Dave as a director
3. Appointment of M/s. D. M. Zaveri & Co as the Secretarial Auditor
4. Increase in borrowing powers under Section 180(1)(c) of the Companies Act, 2013
5. Approval for creation of charges on company assets to secure borrowings
6. Increase in managerial remuneration for Mr. Kalpesh Rajendra Dave, Executive Director & CEO

Company Operations

Star HFL operates in the affordable housing finance sector across multiple states in India, including Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR, and Tamil Nadu.

These corporate actions, including the capital increase, rights issue, and term loan, position Star Housing Finance Limited for potential expansion and provide the company with additional flexibility in its operations and strategic initiatives.