Intimation of submission of application with BSE Limited for obtaining "No objection" for reclassification from "Promoter and Promoter Group" Category to "Public" Category under Regulation ....
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Awaiting price reaction for this filing.
Star Housing Finance Ltd has applied to BSE on 9 February 2026 for reclassifying four persons—Mr. Nirmal Kumar Jain, Mrs. Manju Devi Jain, Mr. Dipesh Jain, and Ms. Jenisha Jain—from the 'Promoter and Promoter Group' category to 'Public' shareholders under SEBI Listing Regulation 31A(8). Collectively, these individuals hold 24,71,726 shares, representing 3.13% of the company's paid-up share capital. Mrs. Manju Devi Jain holds the bulk at 19,07,721 shares (2.42%), while Ms. Jenisha Jain holds 5,64,000 shares (0.71%); the other two hold negligible stakes. This is a governance/structural change and does not involve any sale or transfer of shares.
No shares are being sold or diluted—this is purely a reclassification request that shifts 3.13% of holdings from the promoter group to the public float, widening the public shareholding marginally. The stock price is unlikely to be materially affected, though the change will be visible in future shareholding-pattern filings.