Star Housing Finance Ltd — Important, 08-05-2026: Company Update

Star Housing Finance Limited has received a Letter of Intent from Bassinvictus Private Limited. Bassinvictus intends to infuse Rs. 200 Cr as equity into Star HFL, aiming for a majority stake, and will also acquire shares from existing promoters and ARKFIN Investment. This strategic move includes plans for a new leadership team and board to rebuild and drive future growth. Bassinvictus proposes lenders restructure term loans and grant a six-month moratorium on repayments. Post-agreement, Rs. 25 Cr will be immediately infused as an Inter-Corporate Deposit to clear pending lender and statutory dues.