Star Housing Finance Limited (BSE: STARHFL) has taken a significant step towards strengthening its capital base. The company announced that it has received in-principle approval from BSE Limited for its proposed rights issue of equity shares, marking a crucial milestone in its capital raising efforts.

Approval Details

The approval was granted through a BSE letter with reference number LOD/RIGHT/AM/FIP/918/2025-26, dated September 19, 2025. This development was disclosed by Star Housing Finance in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Company's Disclosure

In an official communication to the BSE dated September 20, 2025, Star Housing Finance Limited provided details of the in-principle approval. The disclosure, signed by Kalpesh Dave, Executive Director & CEO of the company, emphasized the significance of this approval in the context of their proposed rights issue.

Implications for Shareholders

A rights issue allows existing shareholders to purchase additional shares at a discounted price, providing them with an opportunity to increase their stake in the company. For Star Housing Finance, this move could potentially lead to an influx of capital, which may be used for various purposes such as expansion, debt reduction, or strengthening the company's financial position.

Next Steps

While the in-principle approval is a crucial first step, investors should note that this does not guarantee the immediate commencement of the rights issue. The company will need to fulfill various regulatory requirements and finalize the terms of the issue before it can proceed with the actual offering.

Management's Perspective

Kalpesh Dave, Executive Director & CEO of Star Housing Finance Limited, who signed the disclosure notice, stated, "We are pleased to receive the in-principle approval from BSE Limited for our proposed rights issue. This is an important step forward in our capital raising plans, and we believe it will contribute to the long-term growth and stability of our company."

Investors and stakeholders are advised to keep an eye on further announcements from Star Housing Finance Limited regarding the details of the rights issue, including the price, ratio, and timeline, which are expected to be disclosed in due course.

As always, potential investors should conduct their own research and consider seeking professional financial advice before making investment decisions based on this development.

Star Housing Finance Limited (STARHFL) has announced the appointment of Mr. Nachiketa Purohit as its new Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP). The appointment, effective from September 16, 2025, was approved by the company's Board of Directors on September 13, 2025, following a recommendation from the Nomination & Remuneration Committee.

Appointment Details

Mr. Purohit, a qualified Company Secretary with ICSI membership number ACS 25011, brings over 15 years of experience to his new role. His appointment aligns with Regulation 6 of the SEBI Listing Regulations and Section 203 of the Companies Act, 2013.

Professional Background

Nachiketa Purohit's extensive experience spans corporate governance, secretarial functions, and regulatory compliance, with a primary focus on the financial services sector. His qualifications include:

• Associate Company Secretary (ACS) from the Institute of Company Secretaries of India (ICSI)
• Post Graduate Diploma in Business Management (PGDBM)
• Bachelor of Commerce (B.Com)

Key Expertise

Mr. Purohit's professional expertise includes:

• End-to-end listing and compliance work for equity and debt issuances
• Management of NHB/RBI inspection readiness for Housing Finance Companies (HFCs)
• Oversight of SEBI and stock exchange filings
• Handling of high-visibility regulatory matters, including SEBI-related proceedings
• Implementation of governance best practices such as Structured Digital Database (PIT/SDD), e-AGMs, and e-voting

Corporate Governance Impact

The appointment of Mr. Purohit is expected to strengthen Star Housing Finance's corporate governance framework. His extensive experience in the financial services sector, particularly with NBFCs and HFCs, positions him well to navigate the complex regulatory landscape faced by the company.

Board Meeting Details

The Board of Directors meeting that approved this appointment was held on September 13, 2025. The meeting commenced at 3:00 PM and concluded at 3:25 PM, as disclosed in the company's regulatory filing.

This strategic appointment underscores Star Housing Finance Limited's commitment to maintaining robust corporate governance practices and ensuring compliance with regulatory requirements in the dynamic financial services sector.