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Awaiting price reaction for this filing.
Star Housing Finance's board declared a final dividend of ₹0.10 per equity share (face value ₹5) for FY 2024-25, pending shareholder approval. Q1 FY26 (ended June 30, 2025) results showed total income of ₹2,181.25 lakhs and profit after tax of ₹138.41 lakhs, down sharply from ₹301.85 lakhs in the same quarter last year. The board also approved raising authorized share capital from ₹50 crore to ₹125 crore (2.5x), issuing up to ₹50 crore of secured listed NCDs on private placement, and reclassifying certain promoter entities as public shareholders. Two directors resigned (Mr. Kavish Jain as Executive Director and Mr. Chinnathambi Ilango as Independent Director), while Mr. Kalpesh Dave was appointed Executive Director and Mr. Shakir Sheikh as Chief Compliance Officer. M/s D.M. Zaveri & Co was appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30.
Profit nearly halved year-on-year in Q1 FY26 and the dividend is modest at 2% of face value, which may underwhelm income-focused investors. The authorized capital expansion and planned NCD issuance suggest the company is preparing to raise more funds, with a possibility of future equity dilution, while leadership turnover at the board level is a watch point.