Announced Thu, 16 Jul · 16:57 IST
BSE and NSE reject Star Cement promoter reclassification application
Regulatory & Legal View source PDF
STARCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹206.51
prior close
₹207.07
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.9-1.0-0.9+1.1+0.9-0.4-1.1-0.8—————
Up moveDown movePending
AI summary
Both BSE and NSE have rejected Star Cement's application to reclassify 29 promoter group members (including Kamakhya Chamaria and several HUF entities) as public shareholders under Regulation 31A. The exchanges said the February 2026 application was missing individual request letters from each promoter, as required under SEBI rules. The company says it is reviewing the rejection for further action.
Likely market impact
Procedural setback, not a penalty. No change to promoter status for now; reclassification attempt is on hold pending company review.