Star Cement Limited has completed the dispatch of its postal ballot notice seeking shareholder approval for the re-appointment of Mr. Tushar Bhajanka as Managing Director & CEO and the change in designation for Mr. Prem Kumar Bhajanka. The notice was sent electronically on July 9, 2026, to members whose email addresses are registered with the company or its Registrar and Transfer Agent, M/s. Maheshwari Datamatics Private Limited, as on the cut-off date of July 3, 2026. Physical copies have been dispensed with in compliance with Ministry of Corporate Affairs and SEBI circulars. Newspaper advertisements confirming the dispatch were published on July 10, 2026, in the Financial Express and Hima (Khasi Edition).

The Board of Directors has approved the re-appointment of Mr. Tushar Bhajanka for a period of three years effective from May 22, 2026, to May 21, 2029. The company proposes to pay him a remuneration of ₹3,00,00,000 per annum along with a yearly incentive of up to 2% of the Consolidated EBITDA for the financial year 2026-27 and onwards. Shareholders are also being asked to approve the payment of remuneration for the period from April 1, 2026, to May 21, 2026, during his tenure as Deputy Managing Director.

In addition to Mr. Tushar Bhajanka's appointment, the company seeks approval to change the designation of Mr. Prem Kumar Bhajanka to Vice Chairman & Managing Director for his remaining tenure, which extends up to March 31, 2027. Mr. Prem Kumar Bhajanka, aged 68, is a Commerce Graduate with over 46 years of industry experience and has been a Director on the Board since 2002.

The remote e-voting process, managed by National Securities Depository Limited (NSDL), is scheduled to commence on July 11, 2026, at 9:00 a.m. IST and conclude on August 9, 2026, at 5:00 p.m. IST. Shareholders whose email addresses are not registered with the depositories must register by July 24, 2026, to participate. The Board has appointed Mr. Raj Kumar Bhanthia and, failing him, Mr. Manoj Kumar Bhanthia, Partners of M/s. MKB & Associates, as the Scrutinizer for the process.

The results of the postal ballot along with the Scrutinizer's report are expected to be declared on or before August 11, 2026, at the Registered Office of the Company. The results will be displayed on the company's website and simultaneously forwarded to BSE Limited and National Stock Exchange of India Limited.

Key Details of the Resolutions

Director Profiles

Star Cement has been declared the preferred bidder for the Boro Lakhindong (West Block) limestone mine in Assam, securing access to a critical raw material resource. The company emerged successful in the e-auctions conducted by the Government of Assam for the mining lease located in District Dima Hasao. This development strengthens the company's resource base in the northeastern region of India.

Key Details of the Boro Lakhindong Limestone Mine Acquisition

The following table outlines the key parameters of the mine bid:

Strategic Significance

Securing the Boro Lakhindong limestone mine positions Star Cement with access to a sizeable limestone reserve in the northeastern region of India. Limestone is a primary raw material in cement manufacturing, and the 207.822 million tonnes of resources associated with this 123-hectare mine represent a substantial addition to the company's resource portfolio. The mine's location in Assam aligns with the company's operational presence in the northeastern market.