Star Health & Allied Insurance Company Limited has submitted an application to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on August 03, 2026, seeking formal approval for the reclassification of 97 promoter group entities into the public category. This procedural step follows the company’s earlier disclosure on July 28, 2026, regarding receipt of reclassification requests from shareholders associated with the estate of Late Mr. Rakesh Jhunjhunwala. The move aims to regularize the shareholding pattern in compliance with Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring accurate regulatory reporting following the promoter’s demise.

The reclassification process involves transferring shares held by these entities from the 'Promoter / Promoter Group' category to the 'Public' category. While the majority of the 97 entities hold nil shares, Mrs. Sudha Gupta holds a non-nil stake of 2825 shares. Two entities, Late Mr. Rakesh Jhunjhunwala and Late Smt. Sushiladevi Gupta, are listed as deceased shareholders, making request letters inapplicable for them. The company stated it will undertake all necessary steps to process these requests, including obtaining approvals from its Board of Directors, the stock exchanges, and the members of the company.

Entities Seeking Reclassification

The 97 entities span a diverse range of individuals, corporate bodies, trusts, and limited liability partnerships. Key categories include:

• Individuals: Master Aryamaan Jhunjhunwala, Master Aryavir Jhunjhunwala, Miss Nishtha R. Jhunjhunwala, Mr. Rajeshkumar Jhunjhunwala, Mrs. Sudha Gupta, Mrs. Madhu Seksaria, Mrs. Renu Ruia, Mrs. Roopal Gupta.
• Investment & Advisory Firms: Rare Enterprises, Rare Investments, Capris Advisors LLP, Goldcrest Advisors LLP, Insync Capital Partners LLP, Manveer Associates LLP.
• Real Estate & Infrastructure: Kinnteisto LLP, Park Developers, Yashrey, Shree Ratnasagar Developers, Ratnasagar Developers LLP, Neumec Developer & Builders, Parvati Realtors LLP, Bhumi Realty Ventures LLP, Rashi Properties LLP, J&J Buildcon Private Limited.
• Corporate Entities: Aptech Limited, AGLSM SDN BHD, Aptech Training Ltd. FZE, Aptech Ventures Limited (Mauritius), MEL Training & Assessments Limited, Inventurus Knowledge Solutions INC, Inventurus Knowledge Solutions Limited, IKS Cares Foundation, Concord Biotech Limited, Concord Biotech Japan K.K., Concord Lifegen Limited, Clean Max Everglades Pvt Ltd, JCB Salons Private Limited, FRIN Beauty Private Limited, Minosha India Limited, Minosha Print Solutions Pvt Ltd, Minosha Project Pvt Ltd, Pegasus Assets Reconstruction Private Limited, Zenex Animal Health India Private Limited, SNV Aviation Private Limited, Wing World Ground Services Pvt Ltd, Snehal Packaging Private Limited, John Energy Limited, John Drilling Services Private Limited, John Energy International FZCO (formerly John Energy International DMCC), Synergy Drilling Fluids Private Limited, Shree Sant Kripa Intellectual.
• Trusts: Pegasus 2023 Trust 2, Pegasus 2023 Trust 3, Pegasus 2023 Trust 9, Pegasus 2024 Trust 1, Pegasus 2024 Trust 2, Pegasus Group Eleven Unicorp Trust I, Pegasus Group Forty one Trust 1, Pegasus Group Nine Trust 2, Pegasus Group Nine Trust 3, Pegasus Group one Trust 41, Pegasus Group Thirty Nine Trust 1, Pegasus Group Thirty Nine Trust 2, Arti Family Trust, Jhunjhunwala Family Trust, Nityas Welfare Trust, Noopur Family Trust, Sudha Children Trust, Inayas Welfare Trust, Arayas Welfare Trust, Renu Ruia Trust, Kushi Trust, Kartikeya Trust, Nitya Trust, Inaya Trust.
• Other Entities: Jalaram Baba Children’s Nest Education Private Limited, Les Concierges Services Private Limited, OHM Educom Foundation Private Limited, ABC Enterprises, Ruia Agro Farms, Ruia Builders & Developers, Associate Enterprise, Maanya Enterprises, Bombay Goods Freight Carriages, BGFC Logistic LLP, Shraddha Communication Private Limited, Onex Systems Private Limited, E-Phoria Technologies Private Limited, Hope Film Makers Private Limited, Gutz Feel Film Production LLP, Hope Entertainment LLP, One by Three Film Production LLP, Resitex, Sunil Seksaria HUF, Estate of Late Rakesh Jhunjhunwala.

Shareholding Details

Regulatory Process

Star Health & Allied Insurance Company Limited confirmed that it will process the reclassification requests in accordance with the applicable regulatory framework. This involves securing approvals from the Board of Directors, BSE Limited, the National Stock Exchange of India Limited, and the company’s members. Copies of the request letters received from the aforementioned members have been enclosed as Annexure 1 to the regulatory filing. The application was signed by Jayashree Sethuraman, Company Secretary & Compliance Officer.

Star Health Insurance will convene its 21st Annual General Meeting (AGM) on Friday, August 28, 2026, at 16:00 Hrs (IST). The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) to ensure accessibility for all members while adhering to regulatory guidelines for corporate governance. This virtual format allows shareholders to participate remotely, with an e-voting facility provided in compliance with Section 108 of the Companies Act 2013, Rule 20 of the Companies (Management and Administration) Rules 2014, and Regulation 44 of the SEBI Listing Regulations.

The company has engaged KFin Technologies Limited as its Registrar and Transfer Agent (RTA) to facilitate the VC/OAVM infrastructure and the electronic voting process. The Integrated Annual Report, including the Audited Standalone Financial Statements for FY2025-26, has been dispatched electronically to registered members as of July 24, 2026. Members who have not registered their email addresses with the company, RTA, National Securities Depository Limited (NSDL), or Central Depository Services Limited (CDSL) have been sent a letter containing a weblink to access the report on the company’s website.

E-Voting Schedule and Eligibility

Only members whose names appear in the Register of Members at the close of business on Friday, August 21, 2026, are entitled to participate in remote e-voting. Voting rights are proportional to the paid-up capital held as of this cut-off date. The remote e-voting window operates on a strict timeline to ensure orderly conduct of the meeting.

Members who cast their votes via the remote facility may attend the AGM but cannot vote again during the session. Conversely, those who abstain from remote voting can cast their ballots electronically during the live meeting. Once a vote is cast remotely, it cannot be altered or re-submitted. Persons acquiring shares after the notice date but holding them on the cut-off date may obtain login credentials by contacting KFin at enward.ris@kfin.tech .

Procedural Compliance and Scrutiny

To ensure transparency, the company has appointed Mr. Mirza Ismail Irshad Ahmed, a Practicing Company Secretary based in Chennai, as the scrutinizer for the e-voting process. The results of the poll will be declared on the company’s website within 48 hours of the AGM’s conclusion and communicated to the stock exchanges where the company is listed. The notice was published in the New Indian Express and Dinamani newspapers on August 02, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

What the Numbers Show

The filing confirms adherence to statutory timelines for the FY2025-26 annual reporting cycle. By setting the record date five days prior to the start of remote voting, the company allows sufficient time for depository participants to update records, ensuring that new shareholders who acquired stakes before the cut-off are included in the voting pool. The use of KFin Technologies for both hosting and voting underscores a centralized approach to digital shareholder services, reducing logistical friction compared to physical meetings.