Summary of Proceedings of 20th Annual General Meeting held on 26th September 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Star Housing Finance held its 20th AGM on 26th September 2025 via video conferencing, chaired by Executive Director & CEO Kalpesh Dave. The meeting lasted 26 minutes and was attended by 39 members, with 9 business items voted on electronically. The Board recommended a final dividend of Rs. 0.10 per equity share (face value Rs. 5) for FY25. Shareholders were asked to approve several special resolutions including an increase in authorized share capital, higher borrowing powers under Section 180(1)(c), expanded limits for creating charges on assets, approval to sell or securitise loan receivables, and an increase in the CEO's remuneration. Both the Statutory and Secretarial Auditors gave clean reports with no qualifications or adverse remarks. Voting results were to be filed separately with the stock exchange.
The proposed increase in borrowing limits and approval to sell/securitise loan receivables suggest the company is preparing for business expansion, while the higher CEO remuneration and share capital hike point to future fund-raising plans. The modest Rs. 0.10 dividend (2% on face value) signals limited surplus distribution, with growth likely prioritised over shareholder payouts.