Star Cement Limited has announced the outcome of its Board Meeting held on November 6, 2026. The Board has approved the un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. Additionally, the company declared an interim dividend of 100% (₹1 per equity share) for the Financial Year 2026-27, with a record date set for November 13, 2026.
Financial Results and Dividend Declaration
Star Cement Limited convened its Board Meeting on November 6, 2026, where key financial decisions were made. The Board has taken on record and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. These results, along with the limited review reports from the company’s statutory auditors, have been submitted.
Interim Dividend Approved
In a significant move for shareholders, the Board of Directors declared an interim dividend at the rate of 100%, which translates to ₹1 per equity share of face value ₹1 each, for the Financial Year 2026-27. The interim dividend is expected to be paid to eligible shareholders within 30 days of its declaration. The ‘Record Date’ for determining the shareholders eligible for this dividend has been fixed as Friday, November 13, 2026.
Re-appointment of Independent Director and Internal Auditors
The Board also approved the re-appointment of Mr. Nirmalya Bhattacharyya as an Independent Director for a further period of two years, effective from February 1, 2027, to January 31, 2029, subject to shareholder and other necessary approvals. Furthermore, an in-house team of employees, led by Mr. Gaurav Satnaliwala, has been appointed as the Internal Auditors for the Financial Year 2026-27.
Fundraising Plans Deferred
In a notable decision, Star Cement has decided not to proceed with its previously proposed fund-raising plan of up to ₹1,500 crore at this time. This decision was made after considering the prevailing geopolitical situation, capital market conditions, and the company’s capital expenditure requirements. The company assured that this deferment will not adversely affect the implementation of ongoing projects, as funding will be arranged through internal accruals and bank borrowings.
Auditor’s Review Reports
The independent auditor’s review reports on the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, were also submitted. The auditors have concluded that the financial results are presented fairly, in all material respects, in accordance with applicable Indian Accounting Standards and the SEBI Listing Regulations.
Source: BSE
