Star Cement Limited , a prominent player in the Indian cement industry, has announced a significant move to raise funds up to ₹1,500 crore. The company is seeking shareholder approval through a postal ballot for this strategic financial initiative.

Key Details of the Fund Raising Plan

• Maximum Fund Size: Up to ₹1,500 crore
• Approval Method: Postal ballot through remote e-voting
• E-voting Period: October 19, 2025 to November 17, 2025
• Results Declaration: By November 19, 2025

Proposed Methods of Fund Raising

Star Cement plans to raise funds through various means, including:

1. Issuance of equity shares
2. Convertible instruments
3. Debentures
4. Depository receipts

The company may utilize multiple methods such as public offerings, private placements, rights offerings, or qualified institutional placements (QIP).

Intended Use of Funds

The raised capital is earmarked for several strategic purposes:

• Organic and inorganic growth opportunities
• Investments in subsidiaries
• Debt repayment
• Working capital requirements
• Capital expenditure
• General corporate purposes

Voting Process and Timeline

Shareholders are encouraged to participate in the e-voting process to voice their decision on this significant financial move. The company has emphasized that the e-voting facility will be disabled by NSDL immediately after the voting period ends.

Board Approval and Next Steps

The fund-raising proposal was approved by Star Cement's Board of Directors at a meeting held on October 14, 2025. The success of this initiative now rests on shareholder approval through the postal ballot.

This move by Star Cement indicates the company's proactive approach to securing funds for future growth and operational needs. Shareholders and market observers will be keenly watching the outcome of this postal ballot, as it could significantly impact the company's financial strategy and future expansion plans.

Star Cement Limited , a prominent player in the cement industry, has announced a significant move to bolster its financial position. The company's Board of Directors has given the green light to raise funds up to ₹1,500 crore through various methods, signaling a strategic step towards future growth and expansion.

Key Highlights of the Fund Raising Plan

• Maximum Fund Raise: Up to ₹1,500 crore
• Methods Approved:
  • Private placement
  • Preferential issue
  • Rights issue
  • Qualified institutions placement
  • Other permissible modes or a combination thereof

Board Meeting Details

The decision was made during a board meeting, which lasted from 2:30 PM to 3:35 PM. The board has taken several important steps to facilitate this fund-raising initiative:

1. Fund Raising Committee: A dedicated committee has been authorized to handle all matters related to the proposed fund raise.
2. Shareholder Approval: The company will seek shareholder approval through a postal ballot process.
3. Regulatory Compliance: The fund-raising plan will be executed in accordance with applicable laws and subject to appropriate sanctions, permissions, and approvals, including those from shareholders and regulatory bodies.

Postal Ballot Notice

Star Cement's board has approved the draft of a postal ballot notice in compliance with Section 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This notice will be submitted to the stock exchanges in due course.

Potential Use of Funds

While the specific use of funds has not been detailed in the announcement, such a significant capital raise could potentially be directed towards various strategic initiatives, including:

• Expansion of production capacity
• Debt reduction
• Working capital requirements
• Technological upgrades
• Market expansion

Conclusion

This move by Star Cement Limited demonstrates the company's proactive approach to strengthening its financial position and preparing for future opportunities in the cement sector. As the fund-raising process unfolds, stakeholders will be keen to see how this capital infusion translates into tangible growth and value creation for the company.

Shareholders and potential investors are advised to keep an eye out for the upcoming postal ballot and any further announcements from the company regarding the specifics of the fund utilization plan.