Appointment of M/s. D.M. Zaveri & Co, Company Secretaries as a Secretarial Auditors of the Company for a term of 5 years.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Star Housing Finance's board met on August 14, 2025 and cleared a wide range of items. The key items are: (1) Appointment of M/s. D.M. Zaveri & Co as Secretarial Auditor for 5 years (FY26 to FY30); (2) Q1 FY26 unaudited results showing total income of Rs. 2,181.25 lakhs and profit after tax of Rs. 138.41 lakhs, down from Rs. 301.85 lakhs in Q1 FY25; (3) Recommended a dividend of Rs. 0.10 per share (face value Rs. 5) for FY25, subject to shareholder approval; (4) Plans to issue NCDs up to Rs. 50 crore via private placement on BSE; (5) Increase in authorised share capital from Rs. 50 crore to Rs. 125 crore; (6) Resignation of Executive Director Mr. Kavish Jain effective August 15, 2025 and Non-Executive Independent Director Mr. Chinnathambi Ilango effective August 14, 2025; (7) Appointment of Mr. Shakir Sheikh as Chief Compliance Officer for 3 years; and (8) Promoter re-classification requests from certain promoter group members.
Multiple board-level changes including director resignations along with PAT decline in Q1 FY26 may cause short-term sentiment pressure, though the dividend announcement and fresh NCD fundraising plans indicate business continuity. Shareholders should note the approval for capital raising through NCDs up to Rs. 50 crore and expansion of authorised share capital, which may lead to dilution if equity shares are eventually issued.