As per the attachment.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Star Housing Finance Limited has disclosed a payment default on its Non-Convertible Debentures (NCDs) worth INR 20 crores. Both interest and principal payments that were due on 19th May 2026 remain unpaid. The company failed to provide confirmation of payment to the Debenture Trustee Vardhman Trusteeship. A meeting of debenture holders originally scheduled for 22nd May 2026 was adjourned due to lack of quorum. An adjourned meeting is now scheduled for 29th May 2026 to consider enforcement of security and signing an Inter Creditor Agreement (ICA), requiring consent from 75% of debenture holders by value and 60% by numbers.
This is a significant credit event indicating financial distress. The company has defaulted on its debt obligations, and debenture holders are being asked to vote on enforcing security or restructuring the debt. Shareholders should be cautious as this signals potential insolvency risk.