Star Housing Finance Ltd — Important, 28-04-2026: Company Update

Star Housing Finance has defaulted on a payment for its INR 20 Cr Non-Convertible Debentures (NCDs) that were due on April 27. The company requested a 14-working-day extension, as it is onboarding a new investor to infuse liquidity. The Debenture Trustee has called a meeting of NCD holders for May 22 to discuss enforcing security or entering an Inter Creditor Agreement. The meeting will be cancelled if the default is cured before then. This update highlights current liquidity challenges and potential next steps for NCD investors.