Star Cement postal ballot: MD/CEO re-appointment and leadership changes

Board & Shareholder Meetings View source PDF

STARCEMENT · price

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▲ 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

+0.5%1-day move

₹204.93

prior close

₹207.00

base price

After-mkt

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AI summary

Star Cement postal ballot seeks approval for three items: (1) paying Rs 3 crore annual salary plus up to 2 percent of consolidated EBITDA as incentive to Deputy MD Mr Tushar Bhajanka for 1 April to 21 May 2026; (2) redesignating him as Managing Director and CEO for 3 years till May 2029 on same pay; (3) redesignating Mr Prem Kumar Bhajanka as Vice Chairman and Managing Director. E-voting from 11 July to 9 August 2026.

Likely market impact

Leadership transition within the promoter family. Shareholders will vote on MD/CEO pay and roles. Generally routine, neutral for the stock.