Star Cement Limited's promoters have strengthened their control over the company by increasing their collective shareholding from 57.76% to 58.11% through a series of strategic share transactions conducted between 30.12.2024 and 17.02.2026. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals significant movement in promoter holdings.

Transaction Overview

The promoter group, led by Sajjan Bhajanka, executed both acquisitions and disposals during the reporting period. The transactions involved multiple family members and associated entities, demonstrating active portfolio management within the promoter group.

Key Promoter Movements

Prem Kumar Bhajanka emerged as the most active acquirer during this period, purchasing 20,39,262 shares to increase his holding from 10.20% to 10.71%. His acquisitions were spread across multiple dates, with the largest single purchase of 19,86,700 shares occurring on 17.02.2026.

Notable Disposals and Transfers

Several promoter family members disposed of their holdings during the period, primarily through gift transactions. Sonu Kajaria disposed of 7,00,000 shares on 03.03.2025, which were simultaneously acquired by Sajjan Bhajanka on the same date, indicating an intra-family transfer.

Shareholding Structure

After these transactions, the promoter group's total shareholding stands at 23,48,64,736 shares, representing 58.11% of the company's equity share capital of ₹ 40,41,80,417. The equity share capital remained unchanged throughout the transaction period.

Transaction Methods

The acquisitions and disposals were conducted through both open market transactions and off-market transfers, including gifts between family members. This mixed approach allowed the promoter group to optimize their holdings while maintaining family wealth distribution strategies.

The disclosure demonstrates the promoter group's continued confidence in Star Cement Limited and their commitment to maintaining strong control over the company's strategic direction through increased shareholding.

Star Cement has received a regulatory disclosure from SBI Mutual Fund regarding a significant reduction in its shareholding. The mutual fund sold 40,83,331 shares on February 17, 2026, reducing its stake from 3.59% to 2.58% of the company's paid-up share capital.

Shareholding Transaction Details

The transaction represents a substantial divestment by SBI Mutual Fund under its various schemes. The fund management company disclosed this information in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI regulations, which mandates reporting when there is a change of 2% or more in shareholding from the previous disclosure. SBI Mutual Fund's previous disclosure was made on September 21, 2018, when it reported a holding of 5.43% in Star Cement.

Company Share Capital Structure

Star Cement's equity share capital remains unchanged at Rs. 40,41,80,417, consisting of 40,41,80,417 equity shares with a face value of Rs. 1 each. The company's shares are listed on both BSE Ltd and National Stock Exchange of India Ltd.

Transaction Method and Timeline

The share sale was executed through market transactions on February 17, 2026. SBI Funds Management Limited, through its Chief Compliance Officer Vinaya Datar, formally communicated this shareholding change to Star Cement's management on February 18, 2026.

The disclosure indicates SBI Mutual Fund's strategic portfolio rebalancing, reducing its exposure in the cement manufacturer while maintaining a significant minority stake of 2.58% in the company.