Description
Star Housing Finance Limited has rescheduled its Rights Issue timeline due to unavoidable circumstances. The issue opening date is now October 27, 2025, and closing date is November 03, 2025.
Summary
Star Housing Finance Limited (STARHFL, Scrip Code: 539017, ISIN: INE526R01028) has announced a revised timeline for its Rights Issue due to unavoidable circumstances. The Rights Issue Committee meeting held on October 09, 2025, approved the rescheduling to ensure smooth execution and full regulatory compliance. The opening date has been postponed from October 10, 2025 to October 27, 2025, and the closing date from October 31, 2025 to November 03, 2025. All other terms and conditions remain unchanged.
Key Points
- Rights Issue timeline has been rescheduled due to unavoidable circumstances
- Decision made by Rights Issue Committee on October 09, 2025
- Opening date postponed by 17 days from October 10 to October 27, 2025
- Closing date postponed by 3 days from October 31 to November 03, 2025
- Last date for on-market renunciation also revised from October 27 to October 28, 2025
- All other terms and conditions approved on September 24, 2025 remain unchanged
- Letter of offer, application forms, and rights entitlement forms updated with revised dates
- Company PAN: AAGCA1988C
Regulatory Changes
No regulatory changes. This is a procedural timeline extension for an existing rights issue.
Compliance Requirements
- Shareholders interested in participating should note the revised timeline
- Those wishing to renounce rights on-market must do so by October 28, 2025 (revised date)
- Updated Letter of Offer and application forms available on company website www.starhfl.com
- Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Important Dates
| Particulars | Revised Date | Earlier Date |
|---|---|---|
| Rights Issue Opening Date | Monday, October 27, 2025 | Friday, October 10, 2025 |
| Last Date for On-Market Renunciation of Rights Entitlement | Tuesday, October 28, 2025 | Monday, October 27, 2025 |
| Rights Issue Closing Date | Monday, November 03, 2025 | Friday, October 31, 2025 |
| Rights Issue Committee Meeting | October 09, 2025, 01:45 PM - 02:10 PM | - |
Impact Assessment
Shareholder Impact: Existing shareholders of Star Housing Finance Limited will have additional time to arrange funds and decide on participation in the rights issue. The 17-day postponement of the opening date provides more planning time.
Market Impact: Low to medium impact. While the delay may cause minor inconvenience to investors who had planned based on the original timeline, the extension ensures proper regulatory compliance and operational readiness.
Operational Impact: The postponement suggests the company requires additional time for operational or regulatory preparations. However, management has clarified this is to ensure smooth execution and full compliance, which is positive for the long-term success of the issue.
Investor Action Required: Shareholders should review the updated Letter of Offer and application forms available on the company website and adjust their investment plans according to the new timeline.
Impact Justification
Timeline extension for rights issue affects existing shareholders planning to participate. Medium impact as it's a procedural delay without change to terms.