Star Health and Allied Insurance Co. Ltd. has received official approval from both the BSE and NSE for the reclassification of two entities. Ebano Private Limited and GS E-commerce Private Limited have been successfully transitioned from the ‘Promoter/Promoter Group’ category to the ‘Public’ category. This change, effective as of April 27, 2026, marks a significant shift in the company’s shareholding structure.
Completion of Reclassification Process
Following the formal application submitted by Star Health and Allied Insurance Co. Ltd. on January 30, 2026, the company has now received the necessary no-objection clearances. The regulatory approval confirms that Ebano Private Limited and GS E-commerce Private Limited are no longer classified as part of the promoter group.
Impact on Shareholding Structure
The reclassification reflects a strategic shift in the company’s governance and ownership profile. By moving these entities to the Public category, the company aligns its promoter group composition with current operational requirements. The letters of approval, dated April 27, 2026, provide the final authorization for this transition, and the company is committed to maintaining all required disclosures as the process moves forward.
Source: BSE
