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 for reclassification of 8 persons/entities from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Listing Regulations. The total shares held by these persons amount to 10,51,014 equity shares, representing 1.33% of the company's shareholding. The largest holders seeking reclassification are Aarsh Fincon Limited (0.72%), Anil Kumar Jain (0.28%), and Kailash Jain (0.20%). This follows the company's earlier letters dated 14.07.2025 and 14.08.2025 on the same matter.
If approved, the promoter and promoter group shareholding will reduce by 1.33%, with these shares being reclassified as public shareholding. The financial impact on the stock is expected to be minimal as no shares are being sold — only the category classification is changing pending BSE's no-objection.