Star Health and Allied Insurance Company Limited announced that its Board of Directors has approved an amended Policy on Insider Trading on April 28, 2026. The policy amendment was undertaken in compliance with Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Policy Overview and Compliance Framework

The amended policy serves as a comprehensive framework to prevent insider trading by regulating communication, procurement, and dealing in unpublished price sensitive information (UPSI). The policy functions as a Code of Conduct to regulate, monitor, and report trading by designated persons within the organization.

Key Policy Components

The policy encompasses three integral components that work together to ensure comprehensive compliance:

• Code of Practices and Procedures for Fair Disclosure of UPSI
• Policy and Procedures for Inquiry in case of Leak of UPSI or Suspected Leak of UPSI
• Trading regulations and pre-clearance mechanisms

Trading Window and Pre-clearance Requirements

The policy establishes specific trading windows during which designated persons may trade in the company's securities after securing pre-clearance. The trading window remains closed from the first day following each calendar quarter until 48 hours after disclosure of quarterly or annual financial results to stock exchanges.

Roles and Responsibilities

The policy clearly defines roles across different organizational levels. The Board of Directors specifies designated persons and ensures adequate internal control systems. The Chief Executive Officer/Managing Director implements effective compliance systems, while the Company Secretary serves as the Compliance Officer responsible for maintaining designated person lists, granting pre-clearance approvals, and monitoring trading activities.

Penalty Provisions and Enforcement

Violations of the policy result in structured penalties, with warning letters for first-time violations and monetary penalties up to 25% of transaction profits for subsequent violations. The Compliance Officer must inform stock exchanges of all policy violations within 48 hours. Penalty amounts collected are remitted to the SEBI Investors Education and Protection Fund.

The policy has been made available on the company's website at www.starhealth.in and will remain effective from the date of approval by the Board of Directors.

Star Health and Allied Insurance Company Limited has successfully obtained regulatory approval for reclassifying two entities from its promoter group to the public category. The Chennai-based insurance company announced on April 28, 2026, that it received no-objection letters from both BSE and NSE for this significant corporate restructuring.

Regulatory Approval Details

Both stock exchanges granted their approval on April 27, 2026, following the company's application submitted on January 30, 2026. The reclassification falls under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs changes in promoter categorization.

Entities Being Reclassified

The approval covers the reclassification of two specific entities from the 'Promoter/Promoter Group category' to the 'Public category':

Both BSE and NSE have confirmed their no-objection to this reclassification in their respective approval letters. The exchanges emphasized that the company must ensure compliance with subsequent relevant disclosures related to this reclassification.

Compliance Requirements

Following the approval, Star Health and Allied Insurance Company Limited is required to maintain strict compliance with disclosure requirements. The company must adhere to all applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015, particularly regarding material events related to this reclassification.

The approval letters from both exchanges specifically mention the need for ongoing compliance with relevant disclosures as mandated under the listing regulations. This ensures transparency and proper information flow to investors and market participants regarding the change in promoter group structure.

Corporate Communication

The announcement was made through an official communication signed by Jayashree Sethuraman, Company Secretary & Compliance Officer of Star Health and Allied Insurance Company Limited. The company has provided copies of the approval letters from both exchanges as supporting documentation for this regulatory development.