Outcome of Board Meeting held on 4th 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 0.3 pts less than Nifty Microcap 250 and 0.3 pts more 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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The Board of Star Housing Finance approved the reclassification of 4 members of the promoter and promoter group (Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain, and Jenisha Jain) from the 'Promoter' category to the 'Public' category under SEBI Regulation 31A. Together they hold 24,71,726 equity shares, representing 3.13% of the company's share capital. The move is subject to shareholder and stock exchange approval. Additionally, the Audit Committee was reconstituted with the induction of Mr. Amlendra Prasad Saxena as a new member (replacing Mrs. Neelam Tater). The Board also approved a proposal to shift the registered office from Borivali East, Mumbai to Vashi, Navi Mumbai, pending approvals from shareholders, the Registrar of Companies, and other regulators.
The promoter reclassification, if approved, will reduce the promoter group's effective stake by 3.13%, slightly increasing the public float. The other items are routine corporate housekeeping changes unlikely to materially affect shareholders.