Star Health and Allied Insurance Company Limited has informed the stock exchanges that it has received reclassification requests from nine entities previously classified under the promoter group on account of Late Mr. Rakesh Jhunjhunwala. The intimation, dated August 12, 2026, was filed pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following request letters received via email on August 11, 2026.

Entities Seeking Reclassification

All nine entities are seeking to move from the 'Promoter Group' category to the 'Public' category. Each entity currently holds nil shares in the company. The following table summarises the entities involved:

Background and Basis for Reclassification

Most of the entities were originally classified as part of the promoter group pursuant to Regulation 2(1)(pp)(iii) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, by virtue of Late Mr. Rakesh Jhunjhunwala being classified as one of the promoters of the company. The request letters note that the shares held by Late Mr. Rakesh Jhunjhunwala have been, or are in the process of being, transmitted as per the Probate and directions of IRDAI. In view of this, the entities state they no longer belong to the promoter group of the company.

In the case of IDC Electronics Limited, the reclassification request was submitted by Minosha India Limited, which states that with effect from March 31, 2025, it ceased to hold any shareholding in IDC Electronics Limited. As a result, IDC Electronics Limited ceased to be an associate company of Minosha India Limited and, accordingly, no longer qualifies to continue as a member of the promoter group.

For Industrial Glass Fiber Industries and Interics, the request was filed by Madhu Seksaria, an erstwhile partner of both entities. The letters note that both firms have ceased to exist and their respective businesses stand wound up with effect from March 31, 2024, following the resignation of partners. As a consequence, there remains no partner, authorised signatory, or representative competent to execute the undertaking required under Regulation 31A on their behalf.

Regulatory Confirmations

Each entity, or the representative filing on their behalf, has confirmed and certified the following conditions as required under Regulation 31A, Sub-Regulation 3(b) of the SEBI LODR Regulations:

• Do not, together, hold more than 10% of the total voting rights in the company
• Do not exercise control over the affairs of the company, directly or indirectly
• Do not have any special rights with respect to the company through formal or informal arrangements, including through any shareholder agreements
• Do not have any representation on the board of directors (including no nominee director) of the company
• Do not have any Key Managerial Personnel in the company
• Are not 'wilful defaulter(s)' as per Reserve Bank of India Guidelines
• Are not fugitive economic offender(s)

Next Steps

Star Health and Allied Insurance Company Limited has stated that it will take all necessary steps to process the reclassification requests. This includes obtaining approvals from the Board of Directors, BSE Limited, the National Stock Exchange of India Limited, and the members of the company, in accordance with the applicable regulatory framework.

Star Health Insurance & Allied Insurance Company Limited will host an in-person meeting with analysts and institutional investors on August 17, 2026, at the Motilal Oswal 22nd Annual Global Investor Conference in Mumbai. The event is scheduled to commence at 10:00 AM IST, providing stakeholders with a direct channel to discuss the insurer’s strategic outlook and operational performance for the upcoming fiscal year. This engagement aims to enhance transparency and align investor expectations with the company’s growth trajectory in the health insurance sector.

The disclosure was made in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was submitted to the Listing Departments of both BSE Limited and the National Stock Exchange of India Limited on August 7, 2026. Jayashree Sethuraman, Company Secretary & Compliance Officer, digitally signed the intimation, confirming the schedule’s validity subject to exigencies on the part of the analysts or investors.

Meeting Details

The interaction will take place in person, allowing for direct dialogue between company management and market participants. The presentation materials for the meeting have been made available online for pre-reading by interested parties.

Access to Presentation

Investors can access the presentation deck via the link provided in the regulatory filing. The document is also hosted on the company’s official website, www.starhealth.in , ensuring broad accessibility for all shareholders and market observers. The company noted that the schedule remains subject to change due to unforeseen circumstances involving the analysts or investors.

Regulatory Compliance

The intimation references Regulation 30 of the SEBI (LODR) Regulations, 2015, which mandates timely disclosure of material events and interactions with analysts. By proactively scheduling this meet, Star Health & Allied Insurance Company Limited adheres to best practices in corporate governance and investor relations. The filing ensures that both stock exchanges are formally notified, maintaining parity in information dissemination across all market participants.