Star Housing Finance Approves ₹99 Crore Rights Issue and Constitutes Oversight Committee

Mumbai, September 12, 2025 – Star Housing Finance Limited (BSE: 539017, ISIN: INE526R01028) today informed that its board has approved a rights issue of equity shares aggregating up to ₹99 crore. The matter will comprise paid-up equity shares of face value of ₹5 each, to be issued to the eligible shareholders based on a record date to be determined. In connection with this approval, the board has also approved filing the draft letter of offer with the regulators.

Market Performance

On September 12, 2025, at 1:01 p.m. IST, shares of Star Housing Finance were trading at ₹24.96, down 0.16% or ₹0.04 from the previous close. The stock opened at ₹25.68 and touched an intraday high of ₹25.95 and a low of ₹24.73. The company’s market capitalization stood at ₹196.49 crore

Oversight Committee Formation

To facilitate effective conduct of the capital-raising exercise, the company has formed a three-member Rights Issue Committee. The committee will finalize key terms of the issue, such as the pricing of shares, entitlement ratio, record date, and payment schedule. The committee will be led by Ajith Kumar Lakhsmanan with Kalpesh Dave and Neelam Tater as members.

Capital Action Snapshot

The rights issue will be an equity-based fund-raising measure with a total size of up to ₹99 crore. The securities would be fully paid equity shares of face value of ₹5 each, but the issue price, entitlement ratio, and record date are yet to be decided. These will be announced and notified by the Rights Issue Committee at the appropriate time.

Governance and Board Meeting

The board highlighted the significance of governance and monitoring in the rights issue process. In establishing a separate committee, Star Housing Finance strives to make sure that the action on capital takes place in an organized and transparent way. The board meeting wherein this choice was made started at 11:00 a.m. and ended at 12:15 p.m.

About Star Housing Finance Limited

Star Housing Finance Limited, previously called Akme Star Housing Finance, is a listed housing finance firm from Mumbai. The company is involved in offering retail mortgage lending solutions throughout India, fulfilling affordable housing requirements and achieving financial inclusion.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/b4a10d4c-2ab5-4c9a-87e0-05cd4d3d6be5.pdf

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