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.

Star Cement has announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing exceptional performance across all key metrics. The cement manufacturer reported consolidated revenue of ₹88,000.34 lakhs, representing a significant 22.44% increase from ₹71,875.51 lakhs in the corresponding quarter of the previous year.

Outstanding Financial Performance

The company's consolidated net profit attributable to shareholders reached ₹7,492.10 lakhs, marking an impressive 723% surge from ₹905.95 lakhs in the same quarter last year. This exceptional growth demonstrates the company's enhanced operational efficiency and market execution capabilities.

Board Meeting and Regulatory Compliance

The Board of Directors convened on February 6, 2026, to approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. The results were prepared in accordance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following recommendations from the Audit Committee.

Dividend Declaration and Corporate Actions

The Board of Directors declared a 2nd interim dividend of ₹1 per equity share (100% on face value of ₹1 each) for FY2025-26. The dividend will be paid to eligible shareholders within 30 days, on or before March 8, 2026. The record date for determining eligible shareholders has been fixed as February 12, 2026.

Promoter Reclassification Initiative

In a significant corporate governance move, the Board approved the reclassification of 29 members of the 'Chamaria Group' from 'Promoter & Promoter Group' category to 'Public' category. The Chamaria Group collectively holds 2,44,60,037 shares, representing 6.052% of the total shareholding. The Board noted that the Chamaria Group fulfills the conditions enumerated in Clause 31A(3)(b) of SEBI LODR regulations.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, Star Cement demonstrated consistent growth with consolidated revenue reaching ₹2,60,293.62 lakhs compared to ₹2,11,130.70 lakhs in the previous year. The consolidated net profit attributable to shareholders for the nine-month period stood at ₹24,532.59 lakhs, significantly higher than ₹4,583.67 lakhs in the corresponding period last year.

The company's earnings per share for the quarter stood at ₹1.85 on a consolidated basis, compared to ₹0.22 in the same quarter of the previous year, reflecting the substantial improvement in profitability and shareholder value creation.