Description

Extension of Rights Issue closing date from November 03, 2025 to November 25, 2025, and On-Market Renunciation date from October 28, 2025 to November 19, 2025.

Summary

Star Housing Finance Limited (STARHFL) has extended the closing date of its ongoing Rights Issue from November 03, 2025 to November 25, 2025, providing eligible equity shareholders an additional window of opportunity to apply. The On-Market Renunciation date has also been extended from October 28, 2025 to November 19, 2025. This is the second extension following previous outcomes dated September 24, 2025 and October 09, 2025.

Key Points

  • Rights Issue Committee meeting held on October 27, 2025 approved the extension
  • Issue Opening Date remains Monday, October 27, 2025
  • New Issue Closing Date: Tuesday, November 25, 2025 (extended from November 03, 2025)
  • New Last Date for On-Market Renunciation: Wednesday, November 19, 2025 (extended from October 28, 2025)
  • No changes to terms and conditions of the Letter of Offer (LOF) or Application Form
  • Post-issue activities indicative timeline revised due to closing date change
  • Committee meeting duration: 04:45 PM to 05:05 PM

Regulatory Changes

No regulatory changes introduced. This is a procedural extension of the existing Rights Issue timeline.

Compliance Requirements

  • Eligible equity shareholders have extended deadline until November 25, 2025 to submit applications
  • Shareholders wishing to renounce rights on-market must do so by November 19, 2025
  • All other terms and conditions of the Letter of Offer remain applicable

Important Dates

  • Issue Opening Date: Monday, October 27, 2025
  • Last Date for On-Market Renunciation: Wednesday, November 19, 2025
  • Issue Closing Date: Tuesday, November 25, 2025
  • Committee Meeting Date: October 27, 2025 (04:45 PM - 05:05 PM)
  • Previous Outcome Dates: September 24, 2025 and October 09, 2025

Impact Assessment

Market Impact: Medium - The extension provides existing shareholders additional time to participate in the rights issue, potentially improving subscription rates. The multiple extensions suggest either cautious market response or strategic timing considerations.

Operational Impact: Medium - Shareholders and intermediaries need to adjust their planning and operational timelines. The extension may affect liquidity planning for investors considering participation.

Company Impact: The extension indicates the company’s intent to maximize shareholder participation in the capital raising exercise, which could impact the timeline for deployment of raised funds.

Security Details:

  • ISIN: INE526R01028
  • Scrip Code: 539017
  • Scrip ID: STARHFL

Impact Justification

Timeline extension for rights issue provides existing shareholders additional time to participate, affecting subscription planning but not changing fundamental terms