Star Cement Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
STARCEMENT · price
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Star Cement Limited held its 24th AGM on September 23, 2025 via video conferencing, chaired by Chairman & Managing Director Mr. Sajjan Bhajanka. The meeting commenced at 11:30 AM and concluded at 12:42 PM. Statutory and Secretarial Auditors' reports contained no adverse qualifications or observations. Shareholders transacted 16 items of business, including adoption of FY25 audited financial statements, re-appointment of two retiring directors (Mr. Sanjay Agarwal and Mr. Pankaj Kejriwal), and re-appointment of three Independent Directors for 5-year terms starting April/May 2026. Several material related party transactions were approved, notably ₹3,000 crore with Star Cement North East Limited and ₹2,500 crore with Star Cement Meghalaya Limited for FY26. Other approvals included commission to Independent Directors, appointment of MKB & Associates as Secretarial Auditors for 5 years, charitable donations up to ₹10 crore per year, and ratification of cost auditors' remuneration. Three directors were absent due to prior commitments. E-voting results will be announced within two working days.
The AGM was procedural with no negative surprises — clean audit reports and routine re-appointments signal stable governance. Large approved related party transactions (totalling over ₹7,500 crore with group companies) indicate significant inter-group business activity, which shareholders should monitor for arm's-length pricing. Short-term stock impact is likely neutral; long-term impact depends on the disclosed performance details from the Chairman's address and e-voting outcomes.