Change in Management details attached
STARCEMENT · price
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Star Cement's Board meeting on May 22, 2026 approved Q4 and FY2026 results. Standalone revenue grew to ₹2,40,673 lakhs from ₹2,00,621 lakhs, with profit after tax of ₹19,889 lakhs (vs loss of ₹8,477 lakhs in FY25). Consolidated revenue stood at ₹3,79,575 lakhs with PAT of ₹53,230 lakhs. Key management changes include Mr. Prem Kumar Bhajanka being elevated to Vice Chairman & Managing Director, while his son Mr. Tushar Bhajanka (29 years, M.Phil Economics from Cambridge) was promoted from Deputy Managing Director to Managing Director & CEO, re-appointed for 3 years subject to shareholder approval via Postal Ballot. The company also re-appointed B.G. Chowdhury & Co. as Cost Auditors for FY27. Additionally, subsidiary Star Cement North East commenced cement production at its Silchar grinding unit with 2 MTPA capacity.
The company returned to profitability with strong revenue growth, indicating operational recovery. The leadership transition to a younger-generation promoter family member (Tushar Bhajanka) formalizes succession planning and may provide confidence in continuity, though signals family-dominated governance structure.