<h1>Star Housing Finance Board Decides Not to Approve Promoters' Request for Reclassification</h1>
Star Housing Finance Ltd has announced that its Board of Directors did not approve the promoters' request to change their classification from 'Promoter Group' to 'Public' status.
The decision followed the Board meeting held on July 11, 2026. The meeting considered the request submitted by promoters seeking reclassification in line with regulatory requirements concerning listing obligations and disclosure standards.
After deliberation on the matter, the Board determined that the classification change could not be approved at this time. Key factors reviewed during the decision process included the Company's current liquidity position, challenges related to timely repayments and statutory dues, discussions held with proposed investors, and ongoing revival efforts within the organization.
Stock Price Movement
Star Housing Finance Ltd settled at ₹6.05 on Friday, edging down 0.82% in the close. The shares traded within an intraday range, moving between a low of ₹6.00 and a high of ₹6.40.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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