Star Cement Limited has announced the outcome of its Board of Directors meeting held on November 6, 2026. The board approved the un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. Additionally, an interim dividend of 100% (₹1 per equity share) was declared. The company also re-appointed Mr. Nirmalya Bhattacharyya as an Independent Director for a further period of two years, effective February 1, 2027.
Star Cement Board Approves Financials and Dividend
The Board of Directors of Star Cement Limited, in its meeting on November 6, 2026, has officially approved the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. This approval follows the recommendation of the Audit Committee, and the results have been taken on record.
Interim Dividend Declaration
In a significant move for shareholders, the Board declared an interim dividend of 100%, which translates to ₹1 per equity share with a face value of ₹1 each, for the Financial Year 2026-27. This interim dividend is set to be paid to eligible shareholders within 30 days of its declaration. The ‘Record Date’ for determining the eligible shareholders for this dividend has been fixed as Friday, November 13, 2026.
Re-appointment of Independent Director
Further to the recommendations of the Nomination and Remuneration Committee, the Board has approved the re-appointment of Mr. Nirmalya Bhattacharyya (DIN: 09037566) as an Independent Director. This re-appointment is for a further period of two years, effective from February 1, 2027, up to January 31, 2029. This is subject to the approval of the company’s members and other applicable regulatory approvals. Mr. Bhattacharyya is confirmed to be unrelated to any Directors of the Company and is not debarred from holding such office.
Appointment of Internal Auditors
Based on the Audit Committee’s recommendation, the Board has also 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.
Fundraising Proposal Deferred
In a continuation of its earlier communication, the company’s Board has decided not to proceed with the proposed fund-raising initiative, which aimed to raise funds through a further issue of securities for an aggregate amount not exceeding ₹1,500 crore. This decision was made after considering the prevailing geopolitical situation, capital market conditions, and the company’s capital expenditure requirements. The deferment is not expected to adversely affect the implementation of current projects, which will be funded through internal accruals and bank borrowings.
Financial Highlights
The Unaudited Standalone and Consolidated Financial Results for the second quarter and half-year ended September 30, 2026, were reviewed by the Audit Committee and subsequently approved by the Board. The limited review reports from the Company’s Statutory Auditors have been enclosed with the results.
Source: BSE
