Five-Star Business Finance to issue NCDs, appoints new secretarial auditor

Five-Star Business Finance Limited announced on September 10, 2025, that its shareholders approved the issuance of non-convertible debentures (NCDs) aggregating up to INR 4,000 crores via private placement. This issuance, approved at the 41st annual general meeting held on September 09, 2025, will be executed in one or more tranches and/or series. Details regarding listing, tenure, coupon/interest, and any charge/security will be disclosed at the time of allotment.

The company also announced the appointment of M/s. S. Sandeep & Associates, practising company secretaries, Chennai, as its secretarial auditors for five consecutive years, commencing from FY 2025-26 to FY 2029-30. This appointment was also approved by shareholders at the 41st annual general meeting. M/s. S. Sandeep & Associates is known for its expertise in secretarial audit, regulatory compliance, and corporate governance for Non-Banking Financial Companies and Housing Finance Companies.

Both announcements, along with voting results and the scrutinizers' report, have been intimated to the NSE and BSE and are available on the company’s investor relations website.