Notice of Put Option of Non Convertible Debentures.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 4.5 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Star Housing Finance has received a Put Option notice from Debenture Trustees (Vardhman Trusteeship Private Limited) for its listed, secured, redeemable Non-Convertible Debentures (ISIN: INE526R07017) worth Rs 20 crore. Under the terms of the debenture trust deed, debenture holders have exercised their right to demand early redemption, with a record date of 04 April 2026. The company must deposit the Put Option Price, accrued interest, all outstanding amounts, and any penalties within 45 days from the notice date (11 March 2026) into the debenture holders' bank accounts. This effectively forces an early repayment of the entire Rs 20 crore NCD issue before its scheduled maturity.
This is a negative development for shareholders as Star Housing Finance must arrange Rs 20 crore plus interest and possible penalties within ~45 days, which could pressure the company's liquidity. A put option exercise by debenture holders may also signal lender discomfort with the company's credit profile, potentially making future fundraising more expensive.