Date: May 25, 2026
Regulatory Action Disclosure
SEBI Order Details:
- Regulatory Authority: Securities and Exchange Board of India (SEBI)
- Order Date: May 22, 2026
- Order Receipt Date: May 25, 2026
- Legal Basis: Section 12(1) of the Securities and Exchange of India Act, 1992 read with Regulation 30A of the SEBI (Intermediaries) Regulations, 2008 and SEBI (Alternative Investment Fund) Regulations, 2012
Nature of Action:
- Cancellation of certificate of registration of IndoStar Recurring Return Credit Fund
- Entity Type: Category II Alternative Investment Fund (AIF)
Company Roles:
- IndoStar Capital Finance Limited acted as Sponsor of the AIF
- IndoStar Asset Advisory Private Limited (wholly owned subsidiary) acted as Investment Manager of the AIF
Reason for Cancellation:
- Non-filing of quarterly activity report for four consecutive quarters by IndoStar Recurring Return Credit Fund
Impact Assessment:
- No material impact on IndoStar Capital Finance Limited
- The AIF remained inoperative since inception
- No monetary impact on the Company
- No non-monetary impact on the Company
- No penalty imposed on the Company
Compliance Reference:
- Disclosure made pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
- Regulation 30 read with Schedule III of SEBI Listing Regulations