Description
Star Housing Finance Limited has rescheduled its Rights Issue timeline due to unavoidable circumstances, with the opening date postponed from October 10, 2025 to October 27, 2025.
Summary
Star Housing Finance Limited (STARHFL, Scrip Code: 539017) has announced the rescheduling of its Rights Issue timeline. The Rights Issue Committee decided to postpone the Rights Issue due to unavoidable circumstances to ensure smooth execution and full regulatory compliance. The opening date has been moved from October 10, 2025 to October 27, 2025, with corresponding adjustments to other milestone dates. All other terms and conditions of the Rights Issue remain unchanged.
Key Points
- Rights Issue timeline has been revised due to unavoidable circumstances
- Decision taken by Rights Issue Committee at meeting held on October 09, 2025
- Opening date postponed by 17 days (from October 10 to October 27, 2025)
- Last date for on-market renunciation extended by 1 day
- Closing date extended by 3 days (from October 31 to November 03, 2025)
- Letter of offer and application forms updated with revised timeline
- All other terms and conditions approved on September 24, 2025 remain unchanged
- Committee meeting duration: 1:45 PM to 2:10 PM
Regulatory Changes
No regulatory changes introduced. This is a timeline adjustment for an existing Rights Issue.
Compliance Requirements
- Shareholders should note the revised timeline for subscription to Rights Issue
- On-market renunciation of rights entitlements must be completed by revised deadline of October 28, 2025
- Updated Letter of Offer and Application Forms to be used for subscription
- Investors should refer to company website www.starhfl.com for updated documents
Important Dates
| Event | Revised Date | Earlier Date |
|---|---|---|
| Rights Issue Opening Date | Monday, October 27, 2025 | Friday, October 10, 2025 |
| Last Date for On-Market Renunciation | Tuesday, October 28, 2025 | Monday, October 27, 2025 |
| Rights Issue Closing Date | Monday, November 03, 2025 | Friday, October 31, 2025 |
Company Details:
- ISIN: INE526R01028
- Scrip Code: 539017
- Scrip ID: STARHFL
- PAN: AAGCA1988C
Impact Assessment
For Shareholders:
- Existing shareholders get additional time (17 days) to arrange funds for subscription
- Renunciation window adjusted accordingly
- No impact on Rights Issue terms, pricing, or entitlement ratio
Market Impact:
- Medium impact - affects timing of capital raising but not the quantum
- Shareholders and investors need to adjust their subscription planning
- Extension may indicate operational or administrative challenges that required additional time
Operational Impact:
- Demonstrates management’s focus on regulatory compliance and smooth execution
- Additional time may help ensure better subscription rates
- Timeline extension is relatively modest (3-17 days across milestones)
Impact Justification
Affects existing shareholders' subscription timeline for Rights Issue but does not change the fundamental terms of the offering