Star Health and Allied Insurance Company Limited has informed the Exchange regarding the 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. Key proposals include: (1) continuation of Nominee Director Mr. Sumir Chadha representing Safecrop Investments India LLP, (2) reclassification of two promoter group entities (Ebono Private Limited and GS E-commerce Private Limited) to public category as they hold nil shares and WestBridge AIF I's stake in these entities has fallen below 20%, and (3-6) revision in remuneration for senior leadership including MD & CEO Mr. Anand Roy (fixed pay Rs. 7.08 crore plus variable cash Rs. 6.37 crore plus 9.04 lakh ESOPs), CMO Mr. Himanshu Walia, COO Mr. Amitabh Jain, and Board Chairperson Mr. Rajeev Kher (increased from Rs. 30 lakh to Rs. 40 lakh per annum). E-voting runs from May 18 to June 16, 2026 with results announced by June 18, 2026.
The promoter reclassification will reduce the official promoter group size without changing actual shareholding. Executive remuneration increases reflect competitive pay for growth-stage insurance business, with MD&CEO total compensation around Rs. 13.5 crore for FY27. Shareholders should review the compensation benchmarks and promoter delisting rationale.