IndoStar Capital Finance Reports Cancellation of Registration for Category II AIF
IndoStar Capital Finance Limited announced that the Securities and Exchange Board of India (SEBI) has issued an order resulting in the cancellation of the registration certificate for the IndoStar Recurring Return Credit Fund. This fund is classified as a Category II Alternative Investment Fund (AIF).The cancellation order, which was passed on May 22, 2026, stemmed from the fund's non-filing of the quarterly activity report for four quarters. As a result of this non-compliance, SEBI passed the order concerning the AIF registration. The company confirmed that no penalty was imposed on IndoStar Capital Finance Limited.
The details of the registration and the associated operational impact are as follows:
| Detail | Description |
|---|---|
| Fund Name | IndoStar Recurring Return Credit Fund (AIF) |
| Fund Category | Category II Alternative Investment Fund |
| Company Role | Sponsor |
| Investment Manager | IndoStar Asset Advisory Private Limited (wholly owned subsidiary) |
| Reason for Cancellation | Non-filing of quarterly activity report for four quarters. |
| Penalty Imposed | None |
| Operational Status | The AIF remained inoperative since inception. |
IndoStar Capital Finance noted that the cancellation of the AIF registration will have no material impact on the Company. Furthermore, the Company reported no monetary or non-monetary impact resulting from this event.
INDOSTAR Stock Price Movement
IndoStar Capital Finance Limited shares on Monday slipped by 1.90%, settling at ₹212.76. The stock, which saw 42,274 shares traded, failed to recoup its prior close and struggled with selling pressure throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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