Meeting Details

The 25th Annual General Meeting was held on Friday, 25th September 2026 at 11:30 A.M. (IST) through Video Conferencing/Other Audio-Visual Means. The meeting concluded at 12:28 P.M. (IST). The meeting was convened in conformity with regulatory provisions and circulars issued by the Ministry of Corporate Affairs, Government of India and the Securities and Exchange Board of India.

Resolutions and Business Transacted

Ordinary Business:

1. Approval and adoption of Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the Financial Year ended 31st March, 2026 and the Reports of Board of Directors and Auditors thereon.

2. Confirmation of the payment of interim dividend @100% (i.e. ₹1/- per equity share of Re. 1/- each) declared on 08th August, 2025 and interim dividend @100% (i.e. ₹1/- per equity share of Re. 1/- each) declared on 06th February, 2026 during the Financial Year 2025-26.

3. Appointment of a Director in place of Mr. Tushar Bhajanka (DIN: 09179632), who retires by rotation and being eligible, offers himself for re-appointment.

4. Appointment of a Director in place of Mr. Keshav Bhajanka (DIN: 03109701), who retires by rotation and being eligible, offers himself for re-appointment.

Special Business:

5. Re-appointment of Mr. Prem Kumar Bhajanka (DIN: 00591512) as Vice Chairman & Managing Director for a further period of three years with effect from 1st April, 2027 upto 31st March, 2030 (Special Resolution).

6. Re-appointment of Mr. Sajjan Bhajanka (DIN: 00246043) as Chairman & Managing Director for a further period of three years with effect from 1st April, 2027 upto 31st March, 2030 (Special Resolution).

7. Re-appointment of Mr. Sanjay Agarwal (DIN: 00246132) as Managing Director for a further period of three years with effect from 1st April, 2027 upto 31st March, 2030 (Special Resolution).

8. Revision of remuneration payable to Mr. Pankaj Kejriwal (DIN: 00383635), Executive Director w.e.f. 1st April, 2025 (Special Resolution).

9. Re-appointment of Mr. Pankaj Kejriwal (DIN: 00383635) as Executive Director for a further period of three years with effect from 1st April, 2027 upto 31st March, 2030 (Special Resolution).

10. Confirmation and ratification of remuneration payable to M/s. B. G. Chowdhury & Co., Cost Accountants, (Firm Registration number: 000064) for the Financial year ending 31st March, 2027 (Ordinary Resolution).

11. Approval for Material Related Party Transactions entered or to be entered with Star Smart Building Solutions Limited [Formerly Star Cement (I) Limited] upto an amount of ₹1,000 crores for FY 2026-27 and upto the AGM for FY ending 31st March, 2027 (Ordinary Resolution).

12. Approval for Material Related Party Transactions entered or to be entered with Star Cement North East Limited upto an amount of ₹3,000 crores for FY 2026-27 and upto the AGM for FY ending 31st March, 2027 (Ordinary Resolution).

Voting Process

The Company provided remote e-voting facility through National Securities Depository Limited (NSDL) to all members as on 18th September, 2026. Remote e-voting was open from 09:00 A.M. (IST) on Monday, 21st September, 2026 until 05:00 P.M. (IST) on Thursday, 24th September, 2026. Facility for voting during the Meeting through e-Voting System was also made available to members who had not cast their vote by remote e-Voting prior to the Meeting.

Scrutinizer Appointment

The Company appointed M/s MKB & Associates, Practicing Company Secretary (Firm Registration No.: P2010WB042700), as the Scrutinizer for scrutinizing the remote e-voting and e-voting during the Meeting.

Voting Outcomes

The document states that consolidated results of e-voting would be announced not later than 2 (two) working days of the conclusion of the AGM and would be intimated to the Stock Exchanges and posted on the website of the Company and that of National Securities Depository Limited. Specific voting results are not provided in this document.

Compliance and Regulatory References

The meeting was conducted in compliance with:

  • Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended
  • Circulars issued by the Ministry of Corporate Affairs, Government of India
  • Circulars issued by the Securities and Exchange Board of India

The Company Secretary confirmed that the Statutory Auditors' Report does not contain any qualifications, observations or comments on financial transactions or other matters with adverse effect on the Company. The Secretarial Auditors also did not make any adverse qualification or observation in their report.

Attendance and Participation

Mr. Sajjan Bhajanka, Chairman & Managing Director, chaired the Meeting. Mr. Debabrata Thakurta, Company Secretary, made the welcome address. Directors and Key Managerial Personnel were introduced, though Mr. Sanjay Agarwal, Mr. Brij Bhushan Agarwal, Mrs. Plistina Dkhar and Mrs. Ibaridor Katherine War were not present due to preoccupation. Representatives of the Statutory Auditors and Secretarial Auditors were present through video conferencing.