Outcome of Rights Issue Committee meeting held on 27th October 2025 for Extension of Closing date of Rights Issue.
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Star Housing Finance Ltd's Rights Issue Committee has further extended the closing date of its ongoing Rights Issue. The issue, which opened on October 27, 2025, and was originally set to close on November 3, 2025, will now close on November 25, 2025. The Last Date for On-Market Renunciation has also been pushed from October 28, 2025 to November 19, 2025. This is the second extension, following prior communications on September 24 and October 9, 2025. The company states there is no change to the terms of the Letter of Offer or Application Form other than the revised timeline.
The extension gives eligible shareholders additional time (roughly three more weeks) to participate in the rights issue, which may help improve subscription levels. Repeated extensions can sometimes signal slower-than-expected investor interest, though the company cites it as providing a 'further window of opportunity.'