Star Health Insurance and Allied Insurance Company Limited has successfully concluded its postal ballot process with overwhelming shareholder support for the proposed resolution. The company announced the results on December 22, 2025, following a comprehensive e-voting process conducted in compliance with regulatory requirements.

Postal Ballot Resolution Details

The postal ballot sought shareholder approval for a special resolution regarding remuneration payable to Mr. Rajiv Kher (DIN: 01192524), Non-Executive Independent Director and Chairperson of the Board for the financial year 2024-25. As a special resolution, it required votes cast in favor to be not less than three times the number of votes cast against the resolution.

Detailed Voting Results and Shareholder Participation

The postal ballot results demonstrated exceptional shareholder confidence in the company's governance decisions. Out of 195,891 total shareholders on the record date of November 14, 2025, significant participation was recorded across different shareholder categories.

The overall voting outcome showed 75.94% of outstanding shares participated in the e-voting process, with 99.99% votes in favor and only 0.00% against the resolution.

E-Voting Process and Timeline

The company conducted the postal ballot exclusively through electronic voting in accordance with various MCA circulars and regulatory guidelines. The process was managed with strict adherence to statutory requirements and transparency standards.

Key timeline details include:

• Notice Dispatch: November 19, 2025 to all eligible members
• Record Date: November 14, 2025 for determining voting eligibility
• Advertisement: Published in Business Standard and Dinamani newspapers on November 20, 2025
• E-Voting Period: November 21, 2025 (10:00 AM) to December 20, 2025 (5:00 PM)
• Results Declaration: December 22, 2025

Regulatory Compliance and Scrutinizer Report

Mr. Mirza Ismail Irshad Ahmed, Practicing Company Secretary of Irshad and Associates, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed compliance with Section 108 and 110 of the Companies Act 2013, along with relevant rules under the Companies (Management and Administration) Rules, 2014.

The e-voting facility was provided by KFin Technologies Limited, ensuring secure and transparent voting process. The company has fulfilled its disclosure obligations under Regulation 44(3) of the SEBI Listing Regulations, with detailed voting results communicated to both BSE and NSE.

Corporate Governance and Transparency

The postal ballot process reflects Star Health and Allied Insurance Company's commitment to corporate governance and shareholder participation. The overwhelming support across all shareholder categories demonstrates strong confidence in the board's remuneration decisions and governance practices.

The scrutinizer's report and voting results have been made available on the company's website at www.starhealth.in , ensuring transparency and accessibility for all stakeholders. The electronic data and e-voting registers remain in safe custody until the chairperson considers and approves the postal ballot results.

Star Health and Allied Insurance Company Limited has received a penalty order from Tamil Nadu's Goods and Services Tax authorities, prompting the company to make regulatory disclosures under SEBI guidelines. The development involves a financial penalty related to Input Tax Credit claims made during the financial year 2021-22.

GST Penalty Details

The company received an order from the Office of the Deputy Commissioner of State Goods Service Tax, Tamil Nadu. The penalty details are outlined below:

Nature of Violation

The penalty has been levied on account of excess Input Tax Credit (ITC) availed by the company, which constitutes a contravention of the provisions under Section 73 of the Central Goods and Services Tax Act, 2017. The GST demand specifically arises due to the excess ITC claimed during the specified period of April 2021 to March 2022.

Company's Response and Legal Strategy

Star Health and Allied Insurance has outlined its response strategy based on legal counsel's advice. The company has indicated several key actions:

• Filing an appeal or writ petition with appropriate authorities
• Addressing the matter within the prescribed time period
• Defending the case based on merits

The company plans to file an appeal based on the advice of its legal counsel. Star Health has stated that it believes it has a strong case on merits to defend these matters and does not foresee any material impact on its financial, operational, or other activities.

Financial Impact Assessment

According to the company's disclosure, Star Health does not anticipate any material financial impact from this penalty order. The management has expressed that liability is unlikely to arise based on legal counsel's advice. The company believes it can defend the matter through appropriate legal channels.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Star Health has confirmed that all information provided in the regulatory filing is true, correct, and complete to the best of their knowledge and belief. The company has also made this information available on its official website at www.starhealth.in for public access.