Star Housing Finance Limited announced that at its board meeting held on November 08, 2023, the board approved the appointment of Mr. Chinnathambi llango (DIN: 03498879) as an Additional Director in the category of Non- Executive Independent Director with effect from 08th November, 2023. His office is not liable to retire by rotation. His appointment is also subject to approval of shareholders in terms of Regulation 17(1C) of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

With an illustrious 36-year career in commercial banking, Shri C. Ilango, a seasoned professional, started as an Officer at Canara Bank in 1980. His journey culminated in the prestigious role of Managing Director and CEO of CanFin Homes Ltd. from 2011 to 2016. Under his visionary leadership, CanFin Homes expanded from 41 to 140 branches, and Assets under Management (AuM) skyrocketed from INR 21,990 million to INR 106,430 million, with gross NPA reduced to an impressive 0.19%.

He boosted market capitalization from INR 2,200 million to INR 30,710 million, earning a spot on Business Standard/PWC's Top BFSI CEOs list for 2016. Shri Ilango's core competencies encompass strategic planning, revenue enhancement, operational excellence, and more, making him a standout figure in the banking industry, both nationally and internationally.