The Promoter group of Star Cement Ltd. has filed a substantial acquisition/disposal disclosure covering the period from December 30, 2024, till February 17, 2026. The transactions, including Open Market purchases and Off Market transfers (Gift), resulted in a net increase in voting rights for the group. The total shareholding of the acquirers increased from 57.76% to 58.11% of the total diluted share capital during this period. The filing notes various transactions by numerous entities and individuals within the Promoter and Persons Acting in Concert (PAC) group.
Star Cement Promoter Shareholding Disclosure
Star Cement Limited has received a disclosure from its Promoter group regarding changes in shareholding pursuant to applicable regulations. The disclosure covers transactions executed between December 30, 2024, and February 17, 2026. The transactions involved Open Market purchases and Off Market transfers, specifically noted as ‘Gift’.
Summary of Shareholding Changes
Prior to the reported acquisitions and disposals, the total number of shares carrying voting rights held by the acquirers and their Persons Acting in Concert (PAC) stood at 23,34,68,557, representing 57.76% of the total capital. After accounting for all transactions, the total holding increased to 23,48,64,736 shares, or 58.11%.
The filing details the movement within the group:
- Shares carrying voting rights acquired/sold totaled 42,89,308 (1.06%).
- Shares carrying voting rights acquired/sold separately totaled 28,93,129 (0.72%).
- The net acquisition of total voting rights for the period was 1.78% (represented by a total of 71,82,437 shares in the acquisition/disposal summary).
Capital Structure Context
Throughout the disclosure period, the Equity Share Capital/Total Voting Capital of Star Cement Limited remained constant at ₹40,41,80,417/- before and after the said acquisition/sale.
Key Transactions Noted in Annexures
Annexure I details the activities of 60 shareholders within the group. Significant movements include:
- Sajjan Bhajanka acquired 7,00,000 shares (0.17%), increasing his holding to 4,85,86,362 shares (12.02%).
- Prem Kumar Bhajanka acquired a net of 19,86,700 shares (0.49%), bringing his total post-transaction holding to 4,32,84,027 shares (10.71%).
- Suchita Agarwal was involved in numerous disposals between February 5, 2025, and September 3, 2025, leading to a reduction in her percentage holding to 0.19% (7,80,035 shares) by the end of the period shown in her entry.
- Vinay and Company also showed consistent small disposals over the period from February 11, 2025, to September 3, 2025.
The disclosure, signed by Sajjan Bhajanka (Promoter) on February 19, 2026, in Kolkata, confirms that the required filings have been completed regarding these shifts in control and ownership.
Source: BSE
