Star Health And Allied Insurance Company Limited�has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
STARHEALTH · price
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Safecrop Investments India LLP and Rekha Jhunjhunwala (nominee of late Mr. Rakesh Jhunjhunwala), as promoters and persons acting in concert of Star Health, have filed the annual declaration confirming they did not create any encumbrance (pledge, lien or charge) on their shares during the financial year ending March 31, 2025. As per Annexure A, the promoter group's shareholding stands at 10,07,56,760 shares (8,28,82,958 by Late Rakesh Jhunjhunwala, 1,78,70,977 by Rekha Jhunjhunwala, and 2,825 by Sudha Gupta), all free of any encumbrance. The filing also notes that Mr. Rajeshkumar Jhunjhunwala and Mrs. Sushiladevi, though part of the promoter group by virtue of being immediate relatives of Late Mr. Rakesh Jhunjhunwala, hold no shares in the company.
This is a routine annual negative declaration confirming no pledging or encumbrance activity by the promoter group, which is a positive sign for shareholders as it indicates no financial stress at the promoter level. The disclosure is regulatory in nature and is unlikely to have any material impact on the stock price.