Star Health and Allied Insurance Company Ltd

Star Health and Allied Insurance Company Limited has informed the stock exchanges about the withdrawal of its reclassification application concerning certain promoter group entities. This withdrawal pertains to previous filings made on September 11 and September 16, 2026. Following the withdrawal, Industrial Glass Fiber Industries and Interics will no longer be considered part of the Company's Promoter Group. However, IDC Electronics Limited will continue to remain a part of the Promoter Group.

Star Health and Allied Insurance Company Limited's Board of Directors has approved the withdrawal of an application for the reclassification of Promoter Group entities. This withdrawal pertains to applications filed with the BSE Limited and National Stock Exchange of India Limited. The entities involved are Industrial Glass Fiber Industries, Interics, and IDC Electronics Limited. The approval was obtained via a circular resolution passed by the Board on September 15, 2026, and confirmed by a requisite majority of directors on September 16, 2026. The company has authorized directors or the Company Secretary to take necessary steps to implement this withdrawal.

Star Health and Allied Insurance Company Limited has provided an update regarding the reclassification of certain entities from the 'Promoter Group' to the 'Public' category under SEBI LODR regulations. This follows an earlier application seeking approval for this reclassification. Notably, Industrial Glass Fiber Industries and Interics have ceased to exist as of March 31, 2024, automatically removing them from the promoter group. Additionally, a request has been received to withdraw the reclassification application for IDC Electronics Limited, which will be processed subject to board approval.

Star Health and Allied Insurance Company Limited has announced the appointment of Mr. Utpal Hemendra Sheth as a Non-Executive Nominee Director, representing Sitara Partners LLP. The appointment is effective from August 28, 2026, following approval by the company's members via a special resolution. Mr. Sheth is a seasoned financial markets expert with over 35 years of experience in investment management, capital markets, and corporate finance. He is the Founder and Mentor of TRUST Group and Chanakya Wealth Creation and previously served as CEO and Senior Partner at Rare Enterprises. The company confirmed that Mr. Sheth is not disqualified from holding the office of director.

Star Health and Allied Insurance Company Limited has received an order from the Insurance Regulatory and Development Authority of India (IRDAI). The order directs the company to adhere to IRDAI's norms regarding policy portability and claim settlement, and to report compliance within four months. The company is advised to review certain portability cases for FY 2024-25 and FY 2025-26 and take appropriate action. Star Health expects a limited financial impact, primarily associated with these specific portability claims, and no impact on its overall operations. The company has confirmed its commitment to comply with the IRDAI's directions.

Star Health and Allied Insurance Company Limited has submitted an application to BSE and NSE seeking approval for the reclassification of certain Promoter Group Entities from the 'Promoter Group' category to the 'Public' category. This action aligns with Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously received requests from members of the Promoter Group for this reclassification and had obtained Board approval. The application was filed on August 14, 2026, following earlier intimations on August 12 and 13, 2026.

Star Health and Allied Insurance Company Limited's Board of Directors has approved the reclassification of certain promoter group entities to the 'Public' category. This decision, made via a circular resolution on August 13, 2026, aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously received a request from these members seeking such a reclassification. The resolution is subject to shareholder and stock exchange approvals. The company has authorized directors and the Company Secretary to make necessary filings and take all required steps to implement this change.

Star Health and Allied Insurance Company Limited has received requests from several shareholders, previously part of the promoter group associated with the late Rakesh Jhunjhunwala, to be reclassified as 'Public' shareholders. These entities, including AERS Consultancy Services Private Limited and Alchemy Capital Management Private Limited, are seeking this change under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They assert they no longer hold shares or exercise control over the company, citing the transmission of shares held by the late promoter and their own lack of significant shareholding or board representation. The company will proceed with the necessary steps, including board and exchange approvals, to process these requests.

Star Health and Allied Insurance Company Limited has submitted an application to BSE and NSE seeking approval for the reclassification of certain Promoter Group Entities from the 'Promoter Group' category to the 'Public' category. This action follows earlier intimations regarding requests from promoter group members for such reclassification. The company is seeking no-objection or approval under Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Star Health and Allied Insurance Company Limited has submitted its Integrated Annual Report for the financial year ended March 31, 2026, to the stock exchanges. This report, prepared in accordance with SEBI regulations and the IIRC Framework, details the company's financial and non-financial performance, strategic initiatives, governance practices, and risk management. It highlights the company's commitment to enhancing health security, expanding access to healthcare, and creating long-term value for stakeholders. The report is also available on the company's website, www.starhealth.in.