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.

Star Housing Finance Limited (SHFL) has announced the withdrawal of its proposed rights issue, citing insufficient subscription as the primary reason. The decision was made by the company's Rights Issue Committee during a meeting held on November 26, 2025.

Rights Issue Details

The now-withdrawn rights issue had the following key features:

Reason for Withdrawal

The company stated that the rights issue failed to receive the minimum subscription required under Regulation 86(2) of SEBI (Issue of Capital Disclosure Requirements) Regulations, 2018. As a result, the Rights Issue Committee decided to withdraw the proposed rights issue.

Impact and Next Steps

1. Capital Raising Plans: The withdrawal may affect SHFL's immediate capital raising plans.

2. Shareholder Impact: Existing shareholders who were eligible to participate in the rights offering will not have the opportunity to increase their stake in the company at the discounted price.

3. Fund Unblocking: SHFL has initiated the process of unblocking application amounts for investors who had subscribed to the issue. The company has instructed all banks to unblock these funds.

4. Investor Communication: Shareholders whose application amounts have not been unblocked are advised to contact the Registrar to the Issue, Bigshare Services Private Limited, at rightsissue@bigshareonline.com .

Company Response

Star Housing Finance Limited has stated that it will coordinate with the respective banks, in consultation with the Registrar, to ensure that all blocked amounts are released at the earliest. The company has also disclosed this information on its website ( www.starhfl.com ) for transparency.

The withdrawal of the rights issue reflects the company's adherence to regulatory compliance and transparent communication with its shareholders. Star Housing Finance may need to reassess its capital requirements in light of this development.