Star Health & Allied Insurance Company Limited has disclosed receipt of reclassification requests from 97 shareholders associated with the estate of Late Mr. Rakesh Jhunjhunwala, seeking transfer from the Promoter / Promoter Group category to the Public category. The requests, submitted via email on July 27 and July 28, 2026, were notified to the BSE and NSE from Chennai on July 28, 2026, in compliance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This procedural step aims to regularize the shareholding pattern following the promoter's demise, ensuring accurate classification for regulatory reporting purposes.

The disclosure, signed by Jayashree Sethuraman, Company Secretary & Compliance Officer, details that the vast majority of the 97 entities hold nil shares in the company. Only one entity, 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; consequently, request letters are not applicable 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.

Star Health and Allied Insurance Company Limited will host its Q1 FY27 earnings call on July 30, 2026, at 08:30 AM IST to discuss its financial performance for the quarter ended June 30, 2026. The announcement was made pursuant to Regulation 30(6) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The management team, including the Managing Director and Chief Executive Officer, will lead the discussion. Investors and analysts can participate through pre-registration or dial-in numbers provided by the company.

Management Participants

Conference Access Details

Participants can join via a pre-registration link to receive dial-in details directly. Alternatively, operator-assisted dial-in is available for domestic and international attendees.

The information is also available on the company's official website.