Star Health and Allied Insurance Company Limited has informed the Exchange regarding Notice of Postal Ballot.
STARHEALTH · price
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Star Health has announced a postal ballot with e-voting from August 2, 2025 to August 31, 2025, seeking shareholder approval on five items. These include: (1) remuneration of Rs. 30 lakh per annum for Independent Chairperson Mr. Rajeev Kher, (2) FY26 remuneration for MD & CEO Mr. Anand Roy with a fixed pay of Rs. 6.59 crore and variable pay up to Rs. 3.29 crore (partly via ESOPs), (3) appointment of CMO Mr. Himanshu Walia as Whole-time Director with Rs. 3.32 crore fixed pay and up to Rs. 1.66 crore variable, (4) appointment of COO Mr. Amitabh Jain as Whole-time Director with Rs. 3.71 crore fixed pay and up to Rs. 1.85 crore variable, and (5) noting of a disclosure statement required under SEBI ESOP regulations regarding intrinsic vs fair value accounting. The company reported FY25 gross written premium of Rs. 16,716 crore, profit after tax of Rs. 645.86 crore, and a solvency ratio of 2.21 times. Results will be announced by September 1, 2025.
This is a routine governance exercise. Shareholders should review and vote on the resolutions, particularly the substantial remuneration packages for the CEO and the two new Whole-time Director appointments. The fixed and variable pay levels are significant but were benchmarked against industry peers. Approval will formalize the senior leadership structure and compensation; rejection could delay or force restructuring of these appointments.