Announced Mon, 6 Apr · 21:33 IST

Intimation under Regulation 30 of SEBI LODR. Filing of Fraud Monitoring Report -1 with NHB.

Fraud ConfirmedRegulatory & Legal View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+10.1%1-day move

₹4.24

prior close

₹4.45

base price

After-mkt

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AI summary

Star Housing Finance has filed a Fraud Monitoring Report-1 with the National Housing Bank (NHB) following a snap audit conducted by NHB. The audit suspects a phantom (fake) loan book worth Rs. 120 crore. The company has clarified that these findings are currently suspected and have not been formally established. The board has decided to appoint independent auditors to conduct a thorough external audit on this matter. This disclosure is being made under SEBI's Regulation 30 listing obligations.

Likely market impact

This is a serious red flag for investors as it involves potential fraud/misrepresentation of loan books, a core asset for a housing finance company. While the company states findings are unestablished, the NHB snap audit itself suggests regulatory concerns. The stock could face significant negative sentiment until the independent audit concludes.