Star Cement Limited has announced a crucial board meeting scheduled for October 14, 2025, to evaluate various fundraising proposals. This development comes as the company looks to strengthen its financial position and potentially fuel future growth initiatives.

Key Meeting Details

Fundraising Considerations

The company's board will deliberate on a range of fundraising options, showcasing a flexible approach to capital acquisition. The methods under consideration include:

• Issuance of bonds or debentures
• Non-convertible debt instruments
• Equity shares
• Warrants
• Other securities

Star Cement has also outlined various potential routes for these issuances, such as preferential issue, private placement, qualified institutions placement, and rights issue. The company may opt for one or a combination of these methods, subject to necessary approvals.

Regulatory Compliance

In adherence to regulatory requirements, Star Cement has duly informed the National Stock Exchange of India Limited and BSE Limited about the scheduled board meeting. This notification aligns with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Approval Process

It's important to note that any fundraising decision made during the board meeting will be subject to approvals from:

1. Shareholders
2. Stock exchanges
3. Other regulatory and governmental authorities, as applicable

The outcome of this board meeting could have significant implications for Star Cement's financial strategy and future growth plans. Investors and market watchers will likely keep a close eye on the decisions made and their potential impact on the company's market position in the cement industry.

As the meeting date approaches, stakeholders can anticipate further updates from Star Cement regarding the specifics of any fundraising initiatives that may be approved.

Star Cement Limited held its 24th Annual General Meeting (AGM) on September 23, where shareholders approved several important appointments and resolutions. The meeting, conducted through video conferencing, marked significant decisions for the company's governance and operations.

Board Appointments and Auditor Selection

Shareholders gave their nod to the re-appointment of three Independent Directors for five-year terms:

• Mr. Vivek Chawla (DIN: 02696336): April 1, 2026 to March 31, 2031
• Mr. Jagdish Chandra Toshniwal (DIN: 01539889): April 1, 2026 to March 31, 2031
• Mr. Ramit Budhraja (DIN: 00053723): May 1, 2026 to April 30, 2031

These re-appointments ensure continuity in the company's independent oversight and governance.

In addition to the director re-appointments, the AGM approved the appointment of M/s. MKB & Associates, a peer-reviewed firm of Company Secretaries in Practice (Firm Registration No. P2010WB042700), as the Secretarial Auditors of Star Cement. This appointment is for a five-year term, spanning from the financial year 2025-26 to 2029-30.

Key Resolutions Passed

The AGM also saw the approval of several other important resolutions:

1. Adoption of audited financial statements for the year ended March 31
2. Re-appointment of Mr. Sanjay Agarwal and Mr. Pankaj Kejriwal as directors retiring by rotation
3. Payment of commission to Independent Directors
4. Ratification of remuneration for cost auditors
5. Approval for charitable donations up to ₹10.00 crore in any financial year
6. Multiple resolutions for material related party transactions with various group companies

Material Related Party Transactions

Shareholders approved several material related party transactions, indicating significant inter-company operations within the Star Cement group. Notable approvals include:

These approvals suggest substantial business activities between Star Cement and its group companies, potentially involving supply agreements, shared services, or other operational synergies.

Management's Address

Mr. Sajjan Bhajanka, Chairman & Managing Director of Star Cement, addressed the shareholders, highlighting the company's performance and progress. He also provided insights into the overall situation prevailing in the country, likely touching upon economic conditions and industry trends affecting the cement sector.

The AGM proceedings reflect Star Cement's commitment to corporate governance, stakeholder engagement, and strategic business operations. The re-appointment of independent directors and the approval of significant related party transactions indicate the company's focus on maintaining strong oversight while leveraging group synergies for business growth.