Default Details
- Default Amount: ₹20,00,00,000 (Indian Rupees Twenty Crores)
- Instrument Type: Rated, Listed, Secured, Redeemable, Non-Convertible Debentures
- Default Date: 19th May 2026
- Default Type: Interest payment and outstanding principal payment due
- Trust Deed Date: October 18, 2023
- Placement Basis: Private placement
Meeting Details
Original Meeting
- Scheduled Date: Friday, 22nd May 2026
- Time: 4:00 pm
- Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Outcome: Adjourned due to lack of quorum
Adjourned Meeting
- New Date: Friday, 29th May 2026
- Time: 4:00 pm
- Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Agenda: Unchanged from original notice dated April 27, 2026
Voting Requirements
For enforcement of security and signing Inter Creditor Agreement (ICA):
- Value Threshold: 75% of outstanding Debentures by value
- Number Threshold: 60% of Debenture Holders by numbers
Parties Involved
- Issuer Company: Star Housing Finance Limited
- Debenture Trustee: Vardhman Trusteeship Private Limited
- Regulatory Recipient: BSE Limited
Communication Status
The company followed up with the issuer for timely payment and confirmation, but no confirmation has been provided by the issuer regarding the defaulted payments.
Next Steps
The adjourned meeting will consider the further course of action to be initiated by the Debenture Trustee as per instructions of the Debenture Holders. Meeting link will be provided separately and hosted on the trustee's website: https://vardhmantrustee.com/