Star Cement Limited has initiated a significant corporate restructuring move by applying to stock exchanges for the reclassification of the Chamaria Group from promoter category to public category. The cement manufacturer submitted applications to both National Stock Exchange of India Limited and BSE Limited on February 10, 2026, seeking approval for this strategic change in shareholding classification.

Chamaria Group Reclassification Details

The reclassification involves 29 members of the Chamaria Group who collectively hold substantial shareholding in the company. The Board of Directors approved this proposal at their meeting held on February 06, 2026, noting that the Chamaria Group fulfills the conditions enumerated in Clause 31A(3)(b) of SEBI LODR regulations.

The Chamaria Group includes various individual shareholders and Hindu Undivided Families (HUFs), with the largest individual holdings being Laxmi Chamaria (3092045 shares, 0.765%), Hardeo Das Kamakhya Prasad HUF (3093580 shares, 0.765%), and Kailash Prasad Chamaria (2960293 shares, 0.732%).

Board Meeting Outcomes

The Board of Directors' meeting held on February 06, 2026, addressed multiple significant matters beyond the reclassification proposal. The board approved the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025.

Interim Dividend Declaration

The company declared its second interim dividend for the financial year 2025-26:

Financial Performance Highlights

The company's financial results for the third quarter ended December 31, 2025, demonstrate improved operational performance across key metrics:

For the nine months ended December 31, 2025, the consolidated revenue reached ₹2,60,293.62 lakhs compared to ₹2,11,130.70 lakhs in the corresponding period of the previous year, representing a growth of 23.29%.

Regulatory Compliance

The reclassification application has been submitted pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has authorized its directors and company secretary to complete the necessary formalities with stock exchanges for obtaining no-objection certificates for the proposed reclassification.

The financial results have been reviewed by the audit committee and approved by the Board of Directors, with statutory auditors providing limited review reports for both standalone and consolidated results. The company maintains its focus on regulatory compliance while pursuing strategic corporate restructuring initiatives.

Star cement Limited has received an ESG (Environment, Social and Governance) rating of 70 from CFC Finlease Private Limited, a SEBI-registered ESG rating provider. The company disclosed this development through a regulatory filing dated March 23, 2026, in compliance with Regulation 30 of SEBI LODR requirements.

ESG Rating Details

The rating assessment was conducted based on publicly disclosed information for the financial year ended 2025. CFC Finlease Private Limited assigned this rating voluntarily, evaluating the company's performance across key ESG parameters without any formal engagement from Star Cement Limited.

Independent Assessment Process

Star Cement Limited emphasized that the company did not engage CFC Finlease Private Limited for obtaining this ESG rating. The rating provider conducted an independent assessment using data available in the public domain, demonstrating the transparency of the company's ESG-related disclosures.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ESG rating information has also been made available on the company's official website at www.starcement.co.in for stakeholder access.

This ESG rating reflects Star Cement Limited's commitment to environmental, social and governance practices as assessed through publicly available information, providing stakeholders with an independent evaluation of the company's sustainability performance.