Star Health Insurance has received formal requests from two promoter group entities seeking reclassification to public shareholder status under SEBI regulations. The insurance company informed stock exchanges on January 19, 2026, about the reclassification applications submitted by Ebono Private Limited and GS E-commerce Private Limited.

Entities Seeking Reclassification

The company disclosed details of the entities requesting status change in its regulatory filing:

Both entities currently hold no shares in Star Health and Allied Insurance Company Limited, despite their promoter group classification.

Background and Rationale

The reclassification request originates from changes in WestBridge AIF I's shareholding pattern. Both Ebono Private Limited and GS E-commerce Private Limited were originally classified as promoter group entities during Star Health's Initial Public Offering in December 2021. This classification was based on WestBridge AIF I, a promoter of Star Health, holding more than 20% equity share capital in both entities as per SEBI ICDR Regulations.

WestBridge AIF I, in its letter dated January 19, 2026, confirmed that it no longer holds more than 20% of the equity share capital in either entity. This change eliminates the original basis for their promoter group classification under Regulation 2(1)(pp)(iii) of SEBI ICDR Regulations.

Regulatory Compliance Confirmations

Both entities have provided comprehensive confirmations under Regulation 31A, Sub-Regulation 3(b) of SEBI LODR Regulations. The confirmations include:

• No collective holding of more than 10% total voting rights in Star Health
• No direct or indirect control over company affairs
• Absence of special rights through formal or informal arrangements
• No board representation or nominee directors
• No Key Managerial Personnel in the company
• Clean regulatory status with no wilful defaulter or fugitive economic offender tags

Next Steps and Approvals

Star Health has committed to processing the reclassification requests through proper regulatory channels. The company will seek necessary approvals from multiple stakeholders including the Board of Directors, BSE Limited, National Stock Exchange of India Limited, and company shareholders.

The reclassification process follows Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Upon approval, both entities will be removed from the promoter group category in future shareholding patterns filed with stock exchanges.

Corporate Communication

Company Secretary and Compliance Officer Jayashree Sethuraman signed the regulatory filing submitted to both BSE (Scrip Code: 543412) and NSE (Symbol: STARHEALTH). The communication included copies of original request letters from all three parties - WestBridge AIF I, Ebono Private Limited, and GS E-commerce Private Limited.

Star Health Insurance has announced key dates for its Q3FY26 financial disclosure process. The company will hold its Board of Directors meeting on January 28, 2026, to consider and approve standalone unaudited financial results, followed by an earnings call on January 29, 2026, to discuss performance with stakeholders.

Board Meeting and Results Approval

The insurance company has scheduled the board meeting in compliance with Regulation 29(1)(a) and 50(1)(c) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will specifically focus on reviewing and approving financial results for both the quarter and nine months ended December 31, 2025.

Earnings Call Details and Management Participation

Pursuant to Regulation 30(6) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Q3 & 9M FY2026 earnings call will feature comprehensive management participation. The call will be led by key executives including Mr. Anand Roy, Managing Director and Chief Executive Officer, along with other senior management members.

Regulatory Compliance and Accessibility

The announcements were made through official communication to both major stock exchanges where the company is listed. Star Health and Allied Insurance Company Limited maintains its listing on BSE with scrip code 543412 and on NSE with the symbol STARHEALTH. The notifications were signed by Jayashree Sethuraman, Company Secretary and Compliance Officer, ensuring adherence to regulatory requirements.

The earnings call will offer multiple participation options including pre-registration links and dial-in numbers with operator assistance. International access numbers are available for participants from USA, UK, Hong Kong, and Singapore. As part of its commitment to transparency, all information is also available on the company's official website at www.starhealth.in .