Star Cement Limited announced that its Board of Directors has approved the reclassification of 29 members of the ‘Chamaria Group’ from the ‘Promoter/Promoter Group’ category to the ‘Public Category’. This decision, made at the Board meeting on February 6, 2026, is in compliance with relevant regulations. The Chamaria Group held 6.052% of the total share capital as of December 31, 2025. The company has subsequently applied for a no-objection certificate from the stock exchanges.
Board Resolution on Shareholder Reclassification
Star Cement Limited has officially intimated the approval granted by its Board of Directors regarding a significant change in the classification of a key stakeholder group. During the Board meeting convened on February 6, 2026, the Directors approved the re-classification of 29 members comprising the ‘Chamaria Group’. This move transitions these members from the ‘Promoter & Promoter Group’ category to the ‘Public Category’, subject to subsequent regulatory approvals.
Chamaria Group Shareholding Details
The necessary documentation supporting this change details the shareholding structure of the Chamaria Group as of December 31, 2025. The total combined shareholding of these 29 members amounted to 2,44,60,037 shares, representing 6.052% of the total share capital. Notable individual holdings within this group include Laxmi Chamaria (0.765%) and Hardeo Das Kamakhya Prasad HUF (0.765%).
Application for Regulatory No-Objection
The Board has authorized the Company Secretary or any Director to submit the required application to the stock exchanges seeking a no-objection for this re-classification. This action follows an earlier submission made by the company on February 10, 2026, related to this specific matter.
Financial Results Approved
The communication also referenced the outcome of the same February 6, 2026, Board meeting, during which the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ended December 31, 2025, were approved and taken on record. Furthermore, the Board declared the 2nd Interim Dividend for FY 2025-26 at 100% (Re. 1 per share), with a Record Date set for February 12, 2026.
Exceptional Item in Consolidated Results
In the accompanying financial review (Annexure A), it was noted that an Exceptional Item of ₹552.03 lakhs was recognized in the consolidated results. This provision relates to the assessment of the financial impact arising from the recently notified Labour Codes by the Government of India.
Source: BSE
