Intimation of Resignation of Chief Compliance Officer of the Company with effect from 14th May 2025

Kmp ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.6%Reaction day

₹38.61

prior close

₹39.24

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+2.6% vs market

Housing Finance Company peers, median of 17sector+0.0%+3.6% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 3.6 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

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15m

-1.2

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.6+1.0+2.6+0.0+3.6

Next day

+2.0+1.8+0.3+0.5+1.5

+3.3+3.0+0.3+0.4+2.9

+3.5+1.9+1.7-1.0+4.6

+2.6+2.7-0.1-0.6+3.2

+2.3+2.6-0.3-0.5+2.8

+4.6+3.8+0.8-0.8+5.4

15d

+8.4+5.7+2.7-0.3+8.7

+2.1+6.7-4.5+1.3+0.8

-13.5+9.6-23.1+6.1-19.6

-35.6+4.6-40.2-3.7-31.9

UpDownMarket · Nifty Microcap 250Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Star Housing Finance Ltd has informed the BSE that Mr. Bhanwar Singh Kachhawaha has resigned from the position of Chief Compliance Officer with effect from 14th May 2025. In his resignation letter, Mr. Kachhawaha cited his desire to take on new challenges and indicated that he believed someone else would be better suited for the role. The company has not announced a replacement for the position. The intimation has been made under SEBI Listing Regulations, and the Company Secretary, Mr. Shreyas Mehta, has signed off on the disclosure.

Likely market impact

The Chief Compliance Officer is a Key Managerial Personnel (KMP), so this is a key-level exit. Investors should watch for timely announcement of a replacement, as the role is critical for regulatory adherence, especially for an HFC (housing finance company). Short-term governance risk exists until a new CCO is appointed.