Star Cement Limited has informed the Exchange about change in Management
STARCEMENT · price
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Star Cement Limited held its Board meeting on May 22, 2026, approving Q4 and full year FY26 financial results. The company reported standalone revenue of Rs 2,406.73 crore and consolidated revenue of Rs 3,795.75 crore for FY26, with significant improvement from previous year losses. Standalone profit after tax was Rs 198.89 crore (vs loss of Rs 84.77 crore in FY25), while consolidated PAT was Rs 532.30 crore. Key management changes include Mr. Prem Kumar Bhajanka being elevated to Vice Chairman & Managing Director, and his son Mr. Tushar Bhajanka being promoted from Deputy Managing Director to Managing Director & CEO, re-appointed for 3 years till May 2029. A postal ballot will seek shareholder approval for Tushar's re-appointment. Statutory auditors Singhi & Co. gave unmodified opinions on both standalone and consolidated results.
The leadership transition from father to son in the Bhajanka family represents a planned succession at the top level. Tushar Bhajanka (29, M-Phil from Cambridge) takes over as CEO with immediate effect, bringing younger energy to operations. Strong financial turnaround from losses to profits should provide shareholder confidence.