Star Health and Allied Insurance Company Limited’s Board of Directors has approved the reclassification of certain promoter group entities to the ‘Public’ shareholder category. This decision, made via a circular resolution on August 13, 2026, is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed the stock exchanges about this development, which is detailed further in Annexure A. This move may impact the future ownership structure and public float of the company.
Board Resolution for Shareholder Reclassification
Star Health and Allied Insurance Company Limited has announced a significant governance update following a Board of Directors’ meeting held on August 13, 2026. Through a circular resolution, the Board has formally approved the reclassification of entities from the ‘Promoter Group’ category to the ‘Public’ shareholder category. This action is undertaken in compliance with the provisions of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Details of the Reclassification
The approval is subject to obtaining necessary consents from shareholders, stock exchanges, and other relevant regulatory authorities. The decision stems from an earlier request by members of the promoter group seeking this change in their classification. A detailed list of the promoter entities seeking reclassification, along with their shareholding details, is provided in Annexure A. The Board has further authorized its Company Secretary to undertake all necessary filings and steps to give effect to this resolution.
Annexure A: List of Promoters Seeking Reclassification
The following entities are listed as promoters seeking reclassification to the public shareholder category:
List of Promoters seeking reclassification
| Sl. No | Name | Category | Number of shares held | % of shares held |
| 1. | AERS Consultancy Services Private Limited (earlier known as Alchemy Investment Advisory Services Private Limited) | Promoter Group | Nil | Nil |
| 2. | Alchemy Capital Management Private Limited | Promoter Group | Nil | Nil |
| 3. | Aptech Investments | Promoter Group | Nil | Nil |
| 4. | Industrial Glass Fibre Industries | Promoter Group | Nil | Nil |
| 5. | Interics | Promoter Group | Nil | Nil |
| 6. | Rare Equity Private Limited | Promoter Group | Nil | Nil |
| 7. | Rare Family Foundation | Promoter Group | Nil | Nil |
| 8. | Rare Shares & Stock Private Limited | Promoter Group | Nil | Nil |
| 9. | IDC Electronics Limited | Promoter Group | Nil | Nil |
Source: BSE
