Description
Rights Issue Committee reschedules the timeline for Rights Issue due to unavoidable circumstances. New opening date is October 27, 2025, with closing on November 3, 2025.
Summary
Star Housing Finance Limited (Scrip Code: 539017, ISIN: INE526R01028) announced the rescheduling of its Rights Issue timeline. The Rights Issue Committee meeting held on October 9, 2025, decided to extend the Rights Issue dates due to unavoidable circumstances 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 3, 2025.
Key Points
- Rights Issue timeline has been rescheduled due to unavoidable circumstances
- Rights Issue Committee approved revised timeline on October 9, 2025
- Opening date postponed by 17 days
- Closing date postponed by 3 days
- All other terms and conditions from September 24, 2025 meeting remain unchanged
- Letter of offer, Application Form, and Rights Entitlement Form updated with new dates
- Committee meeting duration: 1:45 PM to 2:10 PM
Regulatory Changes
No regulatory changes introduced. This is a procedural adjustment to the Rights Issue timeline while maintaining compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Compliance Requirements
- Shareholders interested in the Rights Issue should note the revised timeline
- Updated Letter of Offer, Application Form, and Rights Entitlement Form will be made available
- All documentation accessible on company website: www.starhfl.com
- Compliance with Regulation 30 of SEBI LODR maintained through this disclosure
Important Dates
| Event | Earlier Date | Revised Date |
|---|---|---|
| Rights Issue Opening Date | Friday, October 10, 2025 | Monday, October 27, 2025 |
| Last Date for On-Market Renunciation of Rights Entitlement | Monday, October 27, 2025 | Tuesday, October 28, 2025 |
| Rights Issue Closing Date | Friday, October 31, 2025 | Monday, November 3, 2025 |
Impact Assessment
Impact on Shareholders: Existing shareholders planning to participate in the Rights Issue now have additional time to arrange funds and make decisions. Those planning to renounce rights should note the one-day extension for on-market renunciation.
Market Impact: Limited direct market impact as this is a timeline adjustment rather than a change in terms. However, the delay may indicate operational or regulatory complexities that required additional time for resolution.
Operational Considerations: The 17-day postponement of the opening date suggests the company needed more time for regulatory approvals, documentation finalization, or logistical arrangements. The extension ensures proper compliance and execution quality over speed.
Company Details:
- Scrip Code: 539017
- Scrip ID: STARHFL
- ISIN: INE526R01028
- PAN: AAGCA1988C
- Authorized by: Kalpesh Dave, Executive Director & CEO (DIN: 08221964)
Impact Justification
Timeline extension for Rights Issue affects shareholders planning to participate, but all other terms remain unchanged. Material information for existing shareholders.