Star Housing Finance Seeks Reclassification of 1.33% Shareholding from Promoter to Public Category
Star Housing Finance Limited has applied to BSE Limited for reclassification of certain shareholders from 'Promoter and Promoter Group' to 'Public' category. The application covers 10,51,014 shares (1.33% of shareholding) held by eight individuals and one entity. Aarsh Fincon Limited (0.72%) and Anil Kumar Jain (0.28%) hold the largest stakes among those seeking reclassification. The move is subject to BSE approval under SEBI regulations.

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Star Housing Finance Limited has taken a significant step in restructuring its shareholding pattern. The company has submitted an application to BSE Limited seeking reclassification of certain individuals and an entity from the 'Promoter and Promoter Group' category to the 'Public' category.
Application Details
The application, submitted on August 19, covers a total of 10,51,014 shares, representing 1.33% of the company's shareholding. This move affects eight individuals and one entity, as detailed below:
Name | Shares Held | % of Holding |
---|---|---|
Aarsh Fincon Limited | 5,67,599 | 0.72 |
Anil Kumar Jain | 2,22,499 | 0.28 |
Kailash Jain | 1,59,871 | 0.20 |
Shilpa Jain | 85,600 | 0.11 |
Ravindra Jain | 8,872 | 0.01 |
Vimal Jain | 6,573 | 0.01 |
Anil Kumar Jain HUF | 0 | 0.00 |
Kanta Jain | 0 | 0.00 |
Significance of the Move
This reclassification, if approved, will change the status of these shareholders from 'Promoter and Promoter Group' to 'Public' category. The largest holdings among those seeking reclassification are Aarsh Fincon Limited with 5,67,599 shares (0.72%) and Anil Kumar Jain with 2,22,499 shares (0.28%).
Regulatory Process
Star Housing Finance has applied to BSE Limited for obtaining a 'No Objection' for this reclassification under Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended.
Company's Statement
In its filing, Star Housing Finance stated, "This is for your information and records." The application was signed by Shreyas Mehta, the Company Secretary and Compliance Officer of Star Housing Finance Limited.
Next Steps
The reclassification is subject to approval from BSE Limited. Shareholders and investors will be keenly watching for the stock exchange's decision on this application, as it could potentially impact the company's shareholding structure and governance dynamics.
As this development unfolds, market participants will be monitoring any potential impacts on the company's stock performance and corporate governance structure.
Historical Stock Returns for Star Housing Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+2.16% | +1.37% | -22.87% | -32.48% | -44.50% | +18.97% |