Promoters of Star Health and Allied Insurance Company Limited have confirmed that no shares held by them were encumbered during the financial year 2025-26. Rekha Jhunjhunwala, acting in her individual capacity and as the nominee of the Late Mr Rakesh Jhunjhunwala, submitted the disclosure to BSE Limited and National Stock Exchange of India Limited on April 7, 2026. The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing confirms that neither the promoters nor the persons acting in concert with them created any direct or indirect encumbrance over their shareholding in star health insurance during the specified period. The disclosure covers the holdings of the promoter group entities, including the shares held by the deceased promoter, Late Rakesh Jhunjunwala.

Shareholding Details

The disclosure provides a detailed breakdown of the shares held by the promoter and promoter group entities as on March 31, 2026. The total holdings declared amount to over 10 crore shares, with no encumbrance reported by any entity.

Clarification on Promoter Group Status

The disclosure included a specific note regarding the categorization of certain individuals. It was clarified that Mr. Rajeshkumar Jhunjhunwala and Mrs. Sushiladevi Gupta hold no shares in the company. They were previously categorized as members of the promoter group solely due to their relationship with the Late Mr Rakesh Jhunjhunwala. The company stated that appropriate steps are being taken to update future disclosures to reflect that they are not members of the promoter group.

Star Health and Allied Insurance Company Limited has received shareholder approval to reclassify Ebono Private Limited and GS E-commerce Private Limited from the promoter group category to the public category. The approval was secured through a postal ballot process that concluded on June 16, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both entities hold Nil shares in the company. The intimation was submitted to the BSE and NSE on June 18, 2026, by Jayashree Sethuraman, Company Secretary & Compliance Officer.

Reclassification Details

The resolutions to reclassify the entities were passed following the postal ballot. The company had previously received no-objection from the stock exchanges for this reclassification.

Regulatory Compliance

The reclassification was conducted in accordance with Regulation 31A(3)(a)(vii) of the SEBI LODR. The company referenced its earlier intimations regarding the board meeting approval and the no-objection received from the exchanges.