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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Star Housing Finance Ltd has failed to repay INR 20 crores of Non-Convertible Debentures that were due on April 25, 2026. The Debenture Trustee had exercised a Put Option on March 11, 2026, requiring the company to pay within 45 days. The company has requested a 14 working day extension, citing ongoing efforts to infuse liquidity by onboarding a prospective new investor. The Debenture Trustee has called a meeting of Debenture Holders on May 22, 2026 to seek consent for either enforcing security or signing an Inter Creditor Agreement. The meeting will be cancelled if the default is cured before the meeting date.
This indicates a potential debt default situation for Star Housing Finance Ltd. The company's failure to repay NCDs on time and need for extension signals financial stress, which could negatively impact shareholder confidence and the stock price.