Star Health and Allied Insurance Company Limited, listed on BSE Limited under Scrip Code 543412 and on the National Stock Exchange of India Limited under Symbol STARHEALTH, has disclosed in a filing on June 18, 2026, that its shareholders have given approval for the reclassification of certain promoter group entities to the public category.
The entities in question are Ebono Private Limited and GS E-commerce Private Limited, both of which are currently categorized under "Promoter Group" and hold zero shares in the company.
This reclassification was sanctioned through a postal ballot process that concluded on June 16, 2026, in compliance with Regulation 31A(3)(a)(vii) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The board of directors of Star Health and Allied Insurance Company Limited had previously approved this reclassification, and the company had notified the stock exchanges on January 28, 2026, and April 28, 2026, regarding the board's decision and the receipt of no-objection certificates from the exchanges for the move.
Upon the effectiveness of this approval, Ebono Private Limited and GS E-commerce Private Limited will be transferred from the "Promoter/Promoter Group" category to the "Public" category, thereby changing their classification in the company's shareholding pattern.
The filing was signed by Jayashree Sethuraman, the Company Secretary and Compliance Officer of Star Health and Allied Insurance Company Limited, and was issued from Chennai with the reference number SHAI/B & S/SE/41/2026-27.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.