IndoStar Capital Finance Limited has informed the Exchange about Order passed by SEBI for cancellation of certificate of registration of IndoStar Credit Fund, a Category II Alternative Investment Fund ( AIF )
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SEBI has passed an order on May 22, 2026 cancelling the certificate of registration of IndoStar Credit Fund, a Category II Alternative Investment Fund. The AIF was managed by IndoStar Asset Advisory Private Limited, a wholly owned subsidiary of the Company. The cancellation was due to the AIF's failure to file quarterly activity reports for four quarters. The Company clarified that the AIF had remained inoperative since its launch on April 19, 2015, with its tenure extended up to June 9, 2020. No penalty has been imposed on the Company, and the Company states there is no material, monetary, or non-monetary impact from this cancellation.
This regulatory action has no direct impact on IndoStar Capital Finance's operations or financials since the AIF was never operational. However, it reflects poorly on compliance practices within the subsidiary and may raise concerns about governance standards among investors.