Star Cement Limited announced its un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The Board of Directors approved these results and also declared an interim dividend of 100%, or ₹1 per equity share. The company also decided not to proceed with a previously proposed fundraising of ₹1,500 crore for the time being. Additionally, Mr. Nirmalya Bhattacharyya was re-appointed as an Independent Director.
Star Cement Board Approves Financial Results and Interim Dividend
Mumbai, November 6, 2026 – Star Cement Limited’s Board of Directors convened today, November 6, 2026, to approve the company’s un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. This approval follows a recommendation from the Audit Committee.
Interim Dividend Declared
In a significant move for shareholders, the Board declared an Interim Dividend of 100%, equivalent to ₹1 per equity share of face value ₹1 each, for the Financial Year 2026-27. The dividend is slated to be paid to eligible shareholders within 30 days of declaration. The ‘Record Date’ for determining the eligible shareholders has been set as Friday, November 13, 2026.
Fundraising Plans Deferred
Further to previous communications regarding shareholder approval for raising funds through the issue of securities, Star Cement announced a decision not to proceed with the proposed fundraising of up to ₹1,500 crore at this time. The Board cited prevailing geopolitical situations, capital market conditions, and the company’s capital expenditure requirements as reasons for this deferment. The company assured that this decision would not adversely affect ongoing projects, which will be funded through internal accruals and bank borrowings.
Re-appointment of Independent Director and Internal Auditors
The Board also approved the re-appointment of Mr. Nirmalya Bhattacharyya (DIN: 09037566) as an Independent Director for an additional period of two years, effective from February 1, 2027, to January 31, 2029, subject to shareholder and other necessary approvals. The company confirmed that Mr. Bhattacharyya is not related to any Directors and is not debarred from holding the office of Director.
Additionally, based on the Audit Committee’s recommendation, the Board approved the appointment of an in-house team of employees, led by Mr. Gaurav Satnaliwala, Chartered Accountant, as the Internal Auditors for the Financial Year 2026-27.
Financial Highlights
The accompanying financial results indicate a standalone profit after tax of ₹1,897.76 Lakhs for the quarter ended September 30, 2026, compared to ₹1,535.19 Lakhs in the same period last year. For the half-year ended September 30, 2026, the standalone profit after tax stood at ₹4,273.41 Lakhs.
Consolidated figures show a profit after tax of ₹3,954.14 Lakhs for the quarter and ₹13,026.92 Lakhs for the half-year ended September 30, 2026.
The Board meeting commenced at 12:30 p.m. and concluded at 02:00 p.m. The financial results have been uploaded on the company’s website at www.starcement.co.in.
Source: BSE
