Star Health and Allied Insurance Company Limited has submitted an application to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) seeking no-objection or approval for the reclassification of nine entities from the 'Promoter Group' category to the 'Public' category. The filing, dated August 14, 2026, was made pursuant to Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This development follows earlier intimations by the company on August 12, 2026, and August 13, 2026, regarding receipt of request letters from the respective entities. The requests were filed via email on August 11, 2026, citing changes in shareholding structures and business status that disqualify them from remaining in the promoter group.

Entities Seeking Reclassification

All nine entities currently hold nil shares in Star Health. The following table summarises the entities involved in the reclassification request:

Basis for Reclassification

Most of the entities were originally classified as part of the promoter group under Regulation 2(1)(pp)(iii) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, due to their link with late Mr. Rakesh Jhunjhunwala. The request letters state that shares held by him have been, or are being, transmitted as per Probate and directions from the Insurance Regulatory and Development Authority of India (IRDAI). Consequently, these entities assert they no longer belong to the promoter group.

Specific circumstances apply to certain entities:

• IDC Electronics Limited: Minosha India Limited submitted the request, stating it ceased holding any shareholding in IDC Electronics Limited effective March 31, 2025. This ended its status as an associate company of Minosha India Limited.
• Industrial Glass Fiber Industries and Interics: Madhu Seksaria, an erstwhile partner, filed the request. Both firms have ceased to exist and their businesses were wound up effective March 31, 2024, following partner resignations. No competent representative remains to execute undertakings on their behalf.

Regulatory Confirmations

Each entity or its representative has certified compliance with Regulation 31A, Sub-Regulation 3(b) of the SEBI LODR Regulations, confirming they:

• Do not collectively hold more than 10% of total voting rights
• Do not exercise control over the company’s affairs
• Have no special rights via shareholder agreements
• Have no representation on the board of directors
• Have no Key Managerial Personnel in the company
• Are not wilful defaulters as per RBI guidelines
• Are not fugitive economic offenders

Next Steps

Star Health stated it will take necessary steps to process the reclassification, including obtaining approvals from the Board of Directors, the stock exchanges, and the company’s members, in accordance with the regulatory framework.

Star Health & Allied Insurance Company Limited will host a virtual one-on-one meeting with East Bridge Capital on Tuesday, August 25, 2026. The session is scheduled to take place from 7:00 pm to 8:00 pm.

The company made the disclosure 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 intimation was issued from Chennai on August 13, 2026.

Meeting Details

The engagement will be conducted in a virtual format. Star Health noted that the schedule remains subject to changes due to exigencies on the part of analysts or investors.

Jayashree Sethuraman, Company Secretary and Compliance Officer, signed the disclosure document.