Star Health and Allied Insurance Company Limited has informed the Exchange regarding the Notice of Postal Ballot
STARHEALTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Star Health and Allied Insurance Company has issued a postal ballot notice dated May 13, 2026, with voting from May 18 to June 16, 2026. The notice contains 10 agenda items: (1) continuation of Nominee Director Mr. Sumir Chadha as required by SEBI regulations, (2) reclassification of two promoter group entities (Ebono Private Limited and GS E-commerce Private Limited) from Promoter to Public category since they hold no shares and WestBridge AIF I has reduced its stake below 20%, and (3-10) revision in remuneration for MD & CEO Mr. Anand Roy (fixed Rs. 7.08 crore + variable Rs. 6.37 crore cash + 9.04 lakh ESOPs), CMO Mr. Himanshu Walia (fixed Rs. 3.59 crore + variable Rs. 3.23 crore cash + 4.58 lakh ESOPs), COO Mr. Amitabh Jain (fixed Rs. 3.95 crore + variable Rs. 3.53 crore cash + 5 lakh ESOPs), and five Independent Directors (Rs. 30-40 lakh each). All remuneration revisions are subject to IRDAI approval.
The reclassification reduces the promoter group footprint which could improve public shareholding compliance. Higher executive remuneration aligns with performance but increases cost. ESOP grants tie pay to long-term value creation. Voting results on June 18, 2026 will determine approval of all proposals.