Star Housing Finance Limited (ISIN: INE526R01028) has received requests from four members of its promoter and promoter group seeking reclassification to the public category. This move could potentially alter the company's shareholding structure and impact its public float.

Reclassification Requests

The company disclosed that it has received request letters dated December 5, 2025, from the following individuals:

Reasons for Reclassification

The individuals seeking reclassification have cited the following reasons:

1. Lack of control over company affairs
2. No involvement in day-to-day operations
3. No special rights or influence over the Board of Directors

Next Steps

Star Housing Finance Limited has stated that it will take necessary steps in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to process these reclassification requests.

Potential Implications

If approved, this reclassification could:

1. Increase the company's public shareholding
2. Potentially impact the stock's liquidity
3. Alter the promoter group's overall stake in the company

Investors and market participants should monitor further announcements from the company regarding the progress of these reclassification requests and any subsequent changes in the shareholding pattern.

Note: The reclassification process is subject to regulatory approvals and compliance with SEBI regulations.

Star Housing Finance Limited (ISIN: INE526R01028) announced the resignation of Mrs. Neelam Tater from her position as Non-Executive Independent Director, effective November 28, 2025. The company disclosed this information in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mrs. Tater cited other professional commitments as the reason for her departure. In her resignation letter, she expressed gratitude to the Board for their support and stated that it was a privilege to have served on the company's Board of Directors.

Impact on Board Composition

The resignation of Mrs. Tater affects the company's board composition and governance structure. Her departure from Star Housing Finance Limited also impacts her roles in other listed entities where she held directorships and committee memberships.

Other Directorships and Committee Memberships

Mrs. Tater held positions in several other listed companies, as detailed in the table below:

Company Performance

While the resignation news doesn't directly relate to the company's financial performance, it's worth noting that Star Housing Finance Limited has shown significant growth in recent years. Based on the latest balance sheet data:

• Total Assets increased by 13.20% year-over-year, reaching Rs. 555.00 crore.
• Shareholders' Capital grew by 8.20% compared to the previous year, standing at Rs. 143.90 crore.
• The company's Reserve and Surplus increased by 14.12% year-over-year, amounting to Rs. 89.70 crore.

These figures indicate that the company has been experiencing steady growth, which underscores the importance of maintaining strong corporate governance and board oversight during this period of expansion.

Conclusion

The resignation of Mrs. Neelam Tater from Star Housing Finance Limited marks a change in the company's board composition. As the company continues to grow, it will be crucial for Star Housing Finance to ensure a smooth transition and maintain effective corporate governance practices.