Notice of 20th AGM scheduled to be held on Friday, September 26, 2025 at 02.00 pm (IST)
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Star Housing Finance Limited has called its 20th AGM on Friday, September 26, 2025 at 2:00 PM via video conferencing, with the cut-off date for e-voting set as September 19, 2025. Ordinary business includes adopting FY25 audited financials, declaring a final dividend of Rs. 0.10 per share (2% on Rs. 5 face value), and re-appointing Mr. Kalpesh Rajendra Dave as Director. Key special business proposes increasing authorized share capital from Rs. 50 crore to Rs. 125 crore (adding 15 crore equity shares of Rs. 5 each). Shareholders will also vote on raising the borrowing limit to Rs. 1,000 crore under Section 180(1)(c), creating charges on assets up to Rs. 1,000 crore, and approving sale/securitisation of loan receivables up to Rs. 100 crore. Additional items include appointing M/s. D.M. Zaveri & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and fixing CEO Mr. Kalpesh Dave's remuneration at Rs. 64.8 lakh per annum. Remote e-voting will be open from 9:00 AM on September 23, 2025 to 5:00 PM on September 25, 2025 through NSDL.
The agenda signals a major growth and capital-raising push: authorized capital is set to rise 2.5x, borrowings could scale up to Rs. 1,000 crore, and loan portfolio sell-downs of up to Rs. 100 crore are being enabled, pointing to potential equity dilution and higher leverage for shareholders. The modest 2% dividend and CEO remuneration hike are routine but worth noting alongside the larger structural changes.