Outcome of Rights Issue Committee meeting held on November 26, 2025
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Star Housing Finance had proposed a Rights Issue of approximately 6.14 crore equity shares at Rs. 16 per share (face value Rs. 5, premium Rs. 11), aiming to raise up to Rs. 98.27 crore in a ratio of 7 rights shares for every 9 shares held. The subscription window ran from October 27 to November 25, 2025. However, the company failed to receive the minimum subscription required under SEBI regulations, prompting the Rights Issue Committee on November 26, 2025, to formally withdraw the issue. The company has instructed banks to unblock all application amounts held during the subscription period.
This is a negative development indicating insufficient investor appetite, potentially reflecting weak confidence in the fundraising or the stock. Existing shareholders who applied will get their money refunded, and the company will need to explore alternative funding routes, which could put pressure on its growth plans and near-term stock sentiment.