Press release for outcome of 20th Annual General Meeting and recent corporate Developments.
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Star Housing Finance Ltd held its 20th AGM and shareholders approved key items including FY25 audited financials, a final dividend of Rs. 0.10 per share, and a 2.5x increase in authorized share capital from Rs. 50 crore to Rs. 125 crore. Members also raised the borrowing limit to Rs. 1,000 crore to support growth plans and approved loan asset sales/securitization up to Rs. 100 crore. A Rights Issue of Rs. 98.27 crore was announced at Rs. 16 per share in a 7:9 ratio, with a record date of September 30, 2025 and closing on October 31, 2025. The company also received a fresh Rs. 50 crore term loan sanction from SBI to boost lending capacity and strengthen its asset-liability profile.
The Rights Issue and SBI term loan together signal a significant capital raise to fuel affordable housing finance growth, which is positive for expansion but could dilute existing shareholders. The increased borrowing limit and loan securitization approval give management flexibility to scale the loan book faster.