Star Housing Finance Limited Reconstitutes Nomination and Remuneration Committee

Star Housing Finance Limited has announced the reconstitution of its Nomination and Remuneration Committee, effective December 12, 2025. The restructuring was approved through a circular resolution passed by the Board of Directors on the same date, in compliance with regulatory requirements.

Committee Reconstitution Details

The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, formally notifying the stock exchange of the committee changes. The reconstitution reflects the company's adherence to corporate governance norms and regulatory compliance requirements.

New Committee Composition

The reconstituted Nomination and Remuneration Committee comprises three members, all holding Non-Executive Independent Director positions:

Position:	Name	Category
Chairman:	Mr. Ajith Kumar Lakshmanan	Non-Executive Independent Director
Member:	Mr. Amlendra Prasad Saxena	Non-Executive Independent Director
Member:	Mr. Pradip Kumar Das	Non-Executive Independent Director

Regulatory Compliance

The committee restructuring demonstrates Star Housing Finance Limited's commitment to maintaining robust corporate governance practices. The composition ensures independence in the nomination and remuneration processes, with all three committee members being independent directors. This structure aligns with regulatory expectations for listed companies in the financial services sector.

The company has made the complete information available on its official website at www.starhfl.com , ensuring transparency and accessibility for stakeholders. The formal notification was signed by Nachiketa Purohit, Company Secretary and Compliance Officer, confirming the procedural compliance with regulatory requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.69%	+20.83%	-5.40%	-52.58%	-62.02%	-19.83%

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:

Name	Current Category	Current Shareholding	% of Equity Share Capital
Manju Devi Jain	Promoter Group	19,07,721	2.42
Jenisha Jain	Promoter Group	5,64,000	0.72
Dipesh Jain	Promoter Group	5	0.00
Nirmal Kumar Jain	Promoter	0	0.00

Reasons for Reclassification

The individuals seeking reclassification have cited the following reasons:

Lack of control over company affairs
No involvement in day-to-day operations
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:

Increase the company's public shareholding
Potentially impact the stock's liquidity
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.