Star Cement Limited Subsidiary Acquires 100% Stake in Jaitaran Renewable Power Private Limited

Star Cement Limited announced that its subsidiary, Star Cement North East Limited (SCNEL), has completed the acquisition of 100% shareholding in Jaitaran Renewable Power Private Limited (JRPPL). The transaction was executed on 23 April 2026 through cash consideration, with shares transferred on the same date. Following this acquisition, JRPPL has become a wholly owned subsidiary of SCNEL and a step-down subsidiary of Star Cement Limited.

The acquisition aligns with the company's strategic objective to diversify into a new vertical and strengthen its initiatives towards renewable energy. The transaction was conducted at arm's length and does not qualify as a related party transaction, as per the disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of Jaitaran Renewable Power Private Limited

Parameter	Details
Corporate Identification Number	U35100RJ2026PTC112367
Date of Incorporation	11 March 2026
Registered Office	Signature Tower, 3rd Floor, Unit 311 Lal Kothi Tonk Rd, Gandhi Nagar, Jaipur - 302015, Rajasthan
Industry	Energy & Power
Authorized Share Capital	Rs. 10.00 Lakhs (1,00,000 shares of Rs.10/- each)
Paid-up Share Capital	Rs. 0.20 Lakhs
Turnover (2025)	Nil

Transaction Overview

The acquisition was completed for a total consideration of Rs.20,000 (Rupees Twenty Thousand only). No governmental or regulatory approvals were required for this transaction. JRPPL is a recently incorporated entity, and therefore, turnover details for the last three years are not applicable. The company's registered office is located in Jaipur, Rajasthan, and it operates in the energy and power sector.

Star Cement Limited has made the requisite disclosures pursuant to SEBI LODR read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015, SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024, as amended. A copy of the intimation has been made available on the company's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.32%	+2.42%	+6.31%	-10.78%	+1.98%	+133.99%

Star Cement has announced a strategic acquisition to expand its limestone mining operations through its subsidiary RI PNAR Cement. The company has agreed to acquire 100% stake in Nitesh Minerals, marking a significant step in its vertical integration strategy.

Strategic Acquisition Details

The acquisition will be executed through Star Cement's unit RI PNAR Cement, which will purchase the complete stake in Nitesh Minerals. This transaction represents the company's commitment to securing critical raw material resources for its cement manufacturing operations.

Parameter:	Details
Acquiring Entity:	RI PNAR Cement (Star Cement subsidiary)
Target Company:	Nitesh Minerals
Stake Acquired:	100%
Business Focus:	Limestone Mining

Expansion into Limestone Mining

The acquisition of Nitesh Minerals will enable Star Cement to expand its operations into limestone mining, a crucial upstream activity in the cement value chain. Limestone serves as the primary raw material for cement production, and securing dedicated mining operations will provide the company with better control over its supply chain.

Strategic Benefits

This vertical integration move is expected to provide several operational advantages:

Enhanced raw material security for cement manufacturing
Better cost control over limestone procurement
Reduced dependency on external suppliers
Strengthened supply chain resilience

The acquisition aligns with Star Cement's broader strategy to consolidate its position in the cement industry by securing critical input materials through dedicated mining operations.