Star Housing Finance Limited has informed stock exchanges that it has received a put option notice from its debenture trustee, Vardhman Trusteeship Private Limited, regarding the early redemption of certain non-convertible debentures (NCDs).

The disclosure was made to BSE Limited on March 12, 2026, in accordance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with provisions of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Details of the Debentures

The put option notice relates to listed, rated, senior, secured, transferable, redeemable non-convertible debentures issued by the company.

Key details of the debentures include:

• ISIN: INE526R07017
• Total Issue Size: ₹20 crore
• Type: Senior secured non-convertible debentures
• Listing: BSE

These debentures were issued under a Debenture Trust Deed dated October 18, 2023, executed between Star Housing Finance Limited and Vardhman Trusteeship Private Limited.

Exercise of Put Option

The debenture trustee has informed the company that the put option will be exercised in accordance with the terms and conditions specified in the Debenture Trust Deed.

A put option allows debenture holders to require the issuer to redeem or repurchase the debentures before maturity, subject to the terms of the issuance.

In this case, the trustee has issued the notice under Clause B of the scheduled redemption and early redemption provisions of the debenture agreement.

Amount Payable by the Company

As per the notice, Star Housing Finance Limited will be required to deposit the required amount for redemption of the debentures.

The amount payable will include:

• Put Option Price
• Accrued interest
• All outstanding amounts related to the debentures
• Any penalties, if applicable

The final amount will be determined based on the consent of debenture holders as on the record date of April 4, 2026.

Payment Timeline

According to the terms outlined in the notice, the company must deposit the required amount within 45 days from the date of the put option notice.

The payment must be made directly into the bank accounts of the debenture holders.

This requirement is in line with the provisions of the Debenture Trust Deed governing the issue of the NCDs.

Role of the Debenture Trustee

Vardhman Trusteeship Private Limited is the debenture trustee responsible for protecting the interests of the debenture holders.

The trustee ensures that the issuer complies with:

• Terms of the debenture trust deed
• Redemption conditions
• Interest payment obligations

If investors decide to exercise their rights under the put option clause, the trustee formally communicates the decision to the issuer.

Regulatory Disclosure

Star Housing Finance made the disclosure in compliance with SEBI’s listing and debt securities regulations, which require companies to inform stock exchanges about material events affecting listed debt instruments.

Such disclosures ensure that investors and market participants remain informed about developments related to listed debt securities.

About Star Housing Finance Limited

Star Housing Finance Limited (STARHFL) is a housing finance company that focuses on affordable housing finance and retail home loans.

The company provides financing solutions primarily to low and middle-income homebuyers, especially in semi-urban and emerging markets.

Its debt instruments, including non-convertible debentures, are used as part of its fundraising strategy to support lending operations.

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