Star Cement Limited Receives Rejection on Promoter Reclassification Application
Star Cement Limited has received communication from the National Stock Exchange of India Limited (NSE) and BSE Limited regarding an application for the reclassification of promoters to the public category. The exchanges have disposed of the application following a review of the requirements under applicable listing regulations.The request, originally submitted on February 10, 2026, sought the reclassification of a specific promoter group consisting of 29 entities. However, the stock exchanges determined that the application was not accompanied by the necessary request letters from the individual promoters or promoter group entities as required by the regulatory framework.
The authorities noted that while the application was based on the Board's independent satisfaction regarding certain conditions, it failed to include the mandatory request letters and rationale from the seeking parties. Consequently, the application for reclassification cannot be considered and has been disposed of.
Involved Entities in Reclassification Request
The following entities were included in the promoter group seeking reclassification:| Sr. No. | Name of Outgoing Promoter |
|---|---|
| 1 | Kamakhya Chamaria |
| 2 | Laxmi Chamaria |
| 3 | Prahlad Rai Chamaria (G S Chamaria and Sons HUF) |
| 4 | Hardeo Das Makhya Prasad HUF |
| 5 | Pushpa Agarwal |
| 6 | Amritansh Chamaria |
| 7 | Kailash Prasad Chamaria |
| 8 | Gouri Shankar Kailash Prasad HUF |
| 9 | Gayatri Chamaria |
| 10 | Vinay and Company |
| 11 | Prahlad Rai Chamaria |
| 12 | Ratna Chamaria |
| 13 | Sneh Lohia |
| 14 | Snigdha Chamaria |
| 15 | Sarika Jalan |
| 16 | Suchita Agarwal |
| 17 | Tanuj Chamaria |
| 18 | Mukund Chamaria |
| 19 | Rajendra Udyog HUF |
| 20 | Saroj Kejriwal |
| 21 | Rahul Chamaria |
| 22 | Sachin Chamaria |
| 23 | Renu Chamaria |
| 24 | Rajendra Chamaria |
| 25 | Prahlad Rai Chamaria (Prahlad Rai Vinay Kumar HUF) |
| 26 | Amit Agarwal |
| 27 | Komal Chamaria |
| 28 | Rishi Raj Shah |
| 29 | Jagdish Prasad Shah |
The company is currently reviewing the communications received from both exchanges to determine the further course of action.
STARCEMENT Stock Price Movement
Star Cement Limited shares edged higher to settle at ₹207.07 today, gaining 0.07% after the final bell. The stock saw a total turnover of 181,321 shares as it traded within a wide intraday range between ₹205.4 and ₹210.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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