Clarification on Intimation for Notice of Put Option dated 12th March 2026
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Star Housing Finance has clarified the details of a Put Option notice it submitted on 12th March 2026. The notice relates to its listed, secured, redeemable Non-Convertible Debentures (NCDs) originally issued at Rs. 20 crore in October 2023. The company has been making monthly partial principal repayments, bringing the outstanding amount down to about Rs. 6.67 crore. Debenture holders have been given a put option with a record date of 4th April 2026, meaning they can choose to get their outstanding principal back from the company on that date.
The company will need to pay back up to Rs. 6.67 crore to debenture holders who exercise the put option, which could pressure short-term liquidity but reflects a normal scheduled redemption event. Shareholders should watch for any impact on cash flows or the need for fresh borrowings to meet this obligation.