Outcome for Board Meeting held on 11th February 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.4 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.
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Star Housing Finance's board approved unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) reporting a Profit After Tax of ₹366.61 lakhs for the nine-month period, with EPS of ₹0.46 and Net Profit Margin of 5.04%. The company disclosed key ratios including Debt-Equity of 2.80, Gross NPA of 1.84%, and Net NPA of 1.49%, with an asset cover of 1.10x on outstanding NCDs (₹756.47L + ₹265.74L). The board also re-constituted the Stakeholder Relationship, CSR, and IT Strategy committees. The statutory auditor (Nyati Mundra & Co.) issued an unmodified limited review conclusion but drew an explicit Emphasis of Matter flagging liquidity pressures and continued reliance on external funding. Additional concerns raised include delays in employee salary payments, a ₹10 crore inter-corporate deposit taken during the quarter, rising Expected Credit Loss (+₹1.06 cr), and the CFO position being vacant since June 2025 (statutory six-month window expired in Dec 2025).
Despite positive headline PAT, multiple governance and liquidity red flags—vacant CFO, salary delays, director vacancies, and auditor's emphasis on cash flow strain—signal operational stress that could weigh on the stock and raise concerns for debenture holders. Investors should watch for resolution of governance gaps and any further deterioration in liquidity metrics.