Star Health and Allied Insurance Company Limited has informed the Exchange regarding Notice of Postal Ballot
STARHEALTH · price
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Star Health and Allied Insurance Company is seeking shareholder approval via postal ballot for 10 agenda items. The key items include: (1) continuation of Mr. Sumir Chadha as Nominee Director from May 24, 2026; (2) reclassification of two promoter group entities (Ebono Private Limited and GS E-commerce Private Limited) from Promoter Group to Public category as they hold zero shares; (3-10) revision in remuneration for multiple directors including MD & CEO Mr. Anand Roy receiving Rs. 7.08 crore fixed pay plus Rs. 6.37 crore variable cash and 9.04 lakh ESOP options, and other directors receiving remuneration revisions ranging from Rs. 30-40 lakhs. E-voting runs from May 18 to June 16, 2026, with results announced by June 18, 2026.
The promoter reclassification reduces the promoter group footprint, potentially improving public shareholding. The significant ESOP grants to top management (totaling ~19.6 lakh options) align executive incentives with shareholder value. Remuneration increases for independent directors and key executives reflect company performance, with FY26 PAT at Rs. 556.98 crore.