Star Cement Ltd

AGM Details

• AGM held on 25 September 2026 at 11:30 AM IST via VC/OAVM.
• Remote e-voting from 21–24 September 2026; voting at AGM.
• Scrutinizer: MKB & Associates appointed for the process.
• Meeting duration: 11:30 to 12:28.
• Record date: 18 September 2026; total members on record: 64,601.
• Attendance via video conference: Promoter Group 22, Public 68.

Key Resolutions

• Resolution 1 passed; adopt Audited Financial Statements and reports.
• Resolution 2 passed; interim dividends confirm Rs 1 per share on two dates.
• Resolution 3 passed; reappoint director by rotation (DIN 09179632).
• Resolution 4 passed; reappoint director by rotation (DIN 03109701).
• Resolution 5 passed; reappoint Prem Kumar Bhajanka as VCMD for three years.
• Resolution 6 passed; reappoint Sajjan Bhajanka as Director for three years.
• Resolution 7 passed; reappoint Sajay Agarwal as Managing Director for three years.
• Resolution 8 passed; revise remuneration of Executive Director from 1 Apr 2025.
• Resolution 9 passed; reappoint Pankaj Kejriwal as Executive Director for three years.
• Resolution 10 passed; ratify Cost Auditors' remuneration for FY 2026-27.
• Resolution 11 passed; approve material RPT with Star Smart Building up to Rs 1000 crore.
• Resolution 12 passed; approve material RPT with Star Cement North East up to Rs 3000 crore.

Dividend

• Interim dividends of Rs 1 per equity share confirmed for FY 2025-26.

Director Changes

• Two directors re-appointed by rotation (DIN 09179632 and DIN 03109701).
• Prem Kumar Bhajanka re-appointed as Vice Chairman & MD for three years.
• Sajjan Bhajanka re-appointed as Director for three years.
• Sajay Agarwal re-appointed as Managing Director for three years.

Auditor Appointments

• Remuneration payable to Cost Auditors for FY 2026-27 ratified.

Material Related Party Transactions

• RPT with Star Smart Building Solutions up to Rs 1000 crore for FY 2026-27.
• RPT with Star Cement North East up to Rs 3000 crore for FY 2026-27.

Re-appointments of MDs and ED

• Prem Kumar Bhajanka re-appointed VCMD for 1 Apr 2027 to 31 Mar 2030 at AGM 25 Sep 2026
• Sajjan Bhajanka re-appointed CMD for 1 Apr 2027 to 31 Mar 2030 at AGM 25 Sep 2026
• Sanjay Agarwal re-appointed MD for 1 Apr 2027 to 31 Mar 2030 at AGM 25 Sep 2026
• Pankaj Kejriwal re-appointed ED for 1 Apr 2027 to 31 Mar 2030 at AGM 25 Sep 2026

AGM Details

• Held on 25 September 2026 at 11:30 IST via VC/OAVM.
• Remote e-voting open 21 Sep 2026 09:00 IST to 24 Sep 2026 17:00 IST.
• Meeting concluded at 12:28 IST.

Ordinary Business

• Adoption of Audited Financial Statements and Board Reports for year ended 31 March 2026.
• Appointment of Tushar Bhajanka as Director (retiring by rotation) eligible for re-appointment.
• Appointment of Keshav Bhajanka as Director (retiring by rotation) eligible for re-appointment.

Special Business

• Re-appoint Prem Kumar Bhajanka as Vice Chairman & MD for 2027–2030.
• Re-appoint Sajjan Bhajanka as Chairman & MD for 2027–2030.
• Re-appoint Sanjay Agarwal as Managing Director for 2027–2030.
• Remuneration revision for Pankaj Kejriwal, Executive Director, effective 1 Apr 2025.
• Re-appoint Pankaj Kejriwal as Executive Director for 2027–2030.
• Ratify remuneration payable to B. G. Chowdhury & Co., Cost Accountants, for FY 2026–27.
• Approve Material Related Party Transactions with Star Smart Building Solutions Ltd up to ₹1,000 crore for FY 2026–27.
• Approve Material Related Party Transactions with Star Cement North East Ltd up to ₹3,000 crore for FY 2026–27.

Dividend

• Interim dividend of Rs 1 per equity share confirmed for FY 2025-26.

Voting Status

• Consolidated e-voting results to be announced within 2 working days after AGM.

Auditor Remuneration

• Remuneration payable to Cost Accountant Firm ratified for FY 2026–27.

Star Cement Limited: Trading Window closed from 1 October 2026 till the end of 48 hours after the Un-audited Financial Results for the 2nd quarter and half year ending 30 September 2026 are approved by the Board of Directors and filed with the Stock Exchanges.

Conference participation

• Intimation under Regulation 30 LODR; participation in Bharat Connect Conference - Rising Stars 2026 on Sept 29, 2026.

NDR participation

• Management will participate physically in institutional investor and analyst meetings as part of the NDR.
• Dates: September 16–17, 2026, in Mumbai.
• Organizer: Emkay Global Financial Services Limited.
• Schedule is subject to change.
• No UPSI will be shared during meetings.

AGM and e-voting details

• AGM scheduled on 25 September 2026 at 11:30 A.M. IST via VC/OAVM.
• Notice and Annual Report for FY 2025-26 sent electronically to registered email IDs.
• Shareholders with unregistered emails access Annual Report and AGM Notice via web link and QR code.
• Record date for voting eligibility is 18 September 2026.
• Remote e-voting window runs 21–24 September 2026, 09:00–17:00 IST.
• Shareholders must update PAN/KYC details with DP/RTA; electronic payments require updated information.
• Links to annual report on company website and BSE/NSE/NSDL portals provided.
• Contacts for queries: investors@starcement.co.in and MDPL for RTA inquiries.

Key highlights

• Revenue from operations ₹3,776 Crore in FY25-26.
• EBITDA ₹944 Crore for FY25-26.
• PAT ₹390 Crore in FY25-26.
• PAT per tonne ₹710.
• Sales volume (cement and clinker) 54.96 Lakh tonnes.
• Cachar grinding unit commissioned Feb 2026.
• Cement capacity 9.67 MTPA.
• Capex plan ₹3,000 Crore for Nimbol and Haryana expansions.
• Interim dividend ₹1 per share; paid Aug 2025 and Feb 2026; no final dividend.
• Acquisitions: JRPPL 100% stake; NMPL 100% stake; effective Apr 2026.

MMDR Amendment impact

• MMDR Amendment restricts mineral-levy power; cess not payable from 22 August 2026.
• Star Cement paid ₹35.50 crore FY26 and ₹10.15 crore in current FY27.
• Amounts deposited before amendment are not refundable.
• Cess rates were shale ₹25/tonne and limestone ₹60/tonne in Meghalaya.
• Company and subsidiaries will no longer incur Mineral Cess on mineral lands.