Star Health and Allied Insurance Co. Ltd. has announced the appointment of Mr. Utpal Hemendra Sheth as a Non-Executive Nominee Director. Approved by the company’s members via a Special Resolution, this appointment is effective from August 28, 2026. Mr. Sheth, with extensive experience in financial markets and investment banking, represents Sitara Partners LLP and will not be liable to retire by rotation. The company also confirmed he is not debarred from holding a director’s office.
New Director Appointed to Board
Star Health and Allied Insurance Co. Ltd. has officially appointed Mr. Utpal Hemendra Sheth as a Non-Executive Nominee Director to its board. This appointment, effective August 28, 2026, follows the approval of the company’s members through a Special Resolution. Mr. Sheth will represent Sitara Partners LLP and will serve in a capacity where he is not liable to retire by rotation.
Background and Qualifications
Mr. Sheth brings a wealth of experience to the role, boasting over 35 years in financial markets, investment management, and corporate finance. He is recognized as the Founder and Mentor of TRUST Group and Chanakya Wealth Creation, a prominent multi-line financial services platform. Previously, he served as the Chief Executive Officer and Senior Partner at Rare Enterprises. His professional expertise encompasses capital raising, mergers and acquisitions, and advisory services, and he also holds positions on the boards of several other public and private companies.
Regulatory Compliance
In accordance with regulatory requirements, Star Health and Allied Insurance has confirmed that Mr. Utpal Hemendra Sheth (DIN: 00081012) is not debarred from holding the office of director by any SEBI order or disqualified under the provisions of Section 164 of the Companies Act, 2013. The necessary disclosures as per SEBI circulars have been provided.
Source: BSE
