Star Housing Finance Limited (SHFL), a BSE-listed company focused on semi-urban and rural housing finance, has reported robust financial performance for the second quarter and first half of FY2025-26. The company's results showcase steady growth in key financial metrics and asset quality maintenance.

Financial Highlights

SHFL reported a 21.33% year-on-year increase in interest income for the half-year ended September 30, 2025. The company's Assets Under Management (AUM) grew by 9.55% to Rs. 567.27 crores, demonstrating consistent expansion in its loan portfolio.

Asset Quality

The company has maintained a stable asset quality profile:

• Gross Non-Performing Assets (GNPA) stood at 1.65%
• Net Non-Performing Assets (NNPA) were at 1.16%

These figures indicate SHFL's prudent risk management practices in the challenging economic environment.

Profitability

For the first half of FY2025-26, Star Housing Finance reported:

• Profit Before Tax (PBT) of Rs. 4.08 crores
• Profit After Tax (PAT) of Rs. 3.17 crores

Balance Sheet Strength

As of September 30, 2025, SHFL's financial position remained strong:

• Net Worth stood at Rs. 146.54 crores
• Leverage levels were maintained at 2.67x

Business Performance

The company disbursed Rs. 30.56 crores during the quarter under review, contributing to its AUM growth. The Net Interest Margin (NIM) for the period was reported at 7.65%, indicating efficient management of interest-earning assets.

Management Commentary

Kalpesh Dave, Director & CEO of Star Housing Finance Limited, stated, "Our focus has been on disciplined underwriting and efficient liability management. As we prepare for the next phase of expansion, our commitment remains firmly anchored in enabling affordable home ownership for first-time buyers and creating long-term value for all stakeholders."

Ratings and Future Outlook

Star HFL maintains a BBB Stable rating from CARE & India Ratings, reflecting its stable financial profile. The company's strong funding pipeline and established relationships with banks and financial institutions are expected to support its future growth plans.

Star Housing Finance Limited continues to demonstrate resilience and growth in the affordable housing finance sector, with a clear focus on serving semi-urban and rural markets. The company's performance in H1 FY2025-26 sets a positive tone for its future prospects in the evolving housing finance landscape.

Star Housing Finance Limited (SHFL) has announced a significant extension to its ongoing rights issue, providing eligible shareholders with additional time to participate. The company's Rights Issue Committee has approved changes to key dates in the issue timeline, aiming to offer investors a broader window of opportunity.

Key Changes in Rights Issue Timeline

Extended Opportunity for Shareholders

The rights issue, which commenced on October 27, 2025, was initially set to close on November 3, 2025. However, with this extension, eligible equity shareholders now have until November 25, 2025, to apply for the issue. This three-week extension aims to provide ample time for investors to consider and participate in the rights offering.

On-Market Renunciation Extension

In addition to the closing date extension, SHFL has also pushed back the last date for on-market renunciation. Originally scheduled for October 28, 2025, shareholders can now renounce their rights on the market until November 19, 2025. This extension gives shareholders more flexibility in managing their rights.

Unchanged Terms and Conditions

It's important to note that apart from the revised dates and corresponding adjustments to post-issue activity timelines, all other terms and conditions outlined in the Letter of Offer (LOF) and Application Form remain unchanged. This ensures consistency in the offering while accommodating the extended timeline.

Corporate Governance and Transparency

The decision to extend the rights issue timeline was made during a Rights Issue Committee meeting held on October 27, 2025. The meeting, which began at 4:45 PM and concluded at 5:05 PM, demonstrates Star Housing Finance Limited's commitment to corporate governance and timely disclosure of material information to stakeholders.

This extension offers an extended opportunity for eligible shareholders to participate in the company's rights issue, potentially allowing for broader participation and capital raising success.