Date: May 25, 2026
Regulatory Action Disclosure
SEBI Order Details:
- Securities and Exchange Board of India passed an order under 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
- Order date: May 22, 2026
- Order received by company: May 25, 2026
- Action: Cancellation of certificate of registration of IndoStar Credit Fund, a Category II Alternative Investment Fund (AIF)
Subsidiary Relationship:
- IndoStar Asset Advisory Private Limited, a wholly owned subsidiary of IndoStar Capital Finance Limited, acted as Investment Manager for the AIF
Reason for Cancellation:
- Non-filing of quarterly activity report by IndoStar Credit Fund (AIF) for four quarters
Impact Assessment:
- No material impact on the Company
- The AIF had remained inoperative since inception (registration was initially valid until October 9, 2018, and subsequently extended up to October 9, 2020)
- No monetary or non-monetary impact on the Company
- No penalty imposed on the Company
Regulatory References:
- SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
- SEBI Listing Regulations Regulation 30 read with Schedule III
Company Details:
- Shikha Jain, Company Secretary and Compliance Officer (Membership No. A59686)