Star Health Postal Ballot Approves Director Continuation, Reclassification, Remuneration

Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

The postal ballot was conducted without a physical meeting. The process was initiated through a Notice of Postal Ballot dated May 13, 2026 (ref: SHAI/B & S/SE/22/2026-27). The e-voting period commenced on Monday, May 18, 2026 at 10:00 AM and concluded on Tuesday, June 16, 2026 at 5:00 PM.

Proposed Resolutions and Implications

The postal ballot contained 10 resolutions:

1. Ordinary Resolution: Continuation of Mr. Sumir Chadha (DIN: 00040789), Nominee Director of Safecrop Investments India LLP on the Board

2. Ordinary Resolution: Approval for reclassification of 'promoter/promoter group' to 'public' category

3. Special Resolution: Approval of revision in remuneration payable to Mr. Rajeev Kher (DIN: 01192524), Non-Executive Independent Director and Chairperson

4. Special Resolution: Approval of revision in remuneration payable to Mr. Anand Roy (DIN: 08602245), Managing Director & CEO for FY 2026-2027

5. Special Resolution: Approval of revision in remuneration payable to Mr. Himanshu Walia (DIN: 11101338), Chief Marketing Officer and Whole-time Director for FY 2026-2027

6. Special Resolution: Approval of revision in remuneration payable to Mr. Amitabh Jain (DIN: 11101339), Chief Operating Officer and Whole-time Director for FY 2026-2027

7. Special Resolution: Approval of remuneration payable to Ms. Anisha Motwani (DIN: 06943493), Non-Executive Independent Director

8. Special Resolution: Approval of remuneration payable to Mr. Rohit Bhasin (DIN: 02478962), Non-Executive Independent Director

9. Special Resolution: Approval of remuneration payable to Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221), Non-Executive Independent Director

10. Special Resolution: Approval of remuneration payable to Ms. Rajni Sekhri Sibal (DIN: 09176377), Non-Executive Independent Director

Voting Process and Methods

The voting was conducted exclusively through e-voting via KFin Technologies Limited (www.evoting.kfintech.com). No physical postal ballots were used. The company dispatched the notice to all members on the Register of Members/List of Beneficiaries as of May 8, 2026, and published an advertisement in Business Standard and Dinamani newspapers on May 15, 2026.

Key Voting Outcomes

Resolution 1: Continuation of Mr. Sumir Chadha

Total votes cast: 518,352,552
In favor: 477 members, 486,028,456 votes (93.7641%)
Against: 203 members, 32,324,096 votes (6.2359%)
Invalid votes: NIL
Result: PASSED (Ordinary Resolution requirement met)

Resolution 2: Reclassification of promoter to public

Total votes cast: 518,352,520
In favor: 613 members, 518,322,381 votes (99.9942%)
Against: 71 members, 30,139 votes (0.0058%)
Invalid votes: NIL
Result: PASSED (Ordinary Resolution requirement met)

Resolution 3: Remuneration of Mr. Rajeev Kher

Total votes cast: 518,352,507
In favor: 567 members, 517,824,098 votes (99.8981%)
Against: 110 members, 528,409 votes (0.1019%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met - votes in favor exceed three times votes against)

Resolution 4: Remuneration of Mr. Anand Roy

Total votes cast: 489,156,651
In favor: 568 members, 485,999,987 votes (99.3547%)
Against: 106 members, 3,156,664 votes (0.6453%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met)

Resolution 5: Remuneration of Mr. Himanshu Walia

Total votes cast: 489,159,576
In favor: 568 members, 486,003,922 votes (99.3547%)
Against: 106 members, 3,156,654 votes (0.6453%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met)

Resolution 6: Remuneration of Mr. Amitabh Jain

Total votes cast: 489,160,602
In favor: 570 members, 486,004,006 votes (99.3547%)
Against: 105 members, 3,156,596 votes (0.6453%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met)

Resolution 7: Remuneration of Ms. Anisha Motwani

Total votes cast: 518,352,486
In favor: 566 members, 517,823,871 votes (99.8980%)
Against: 110 members, 528,615 votes (0.1020%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met)

Resolution 8: Remuneration of Mr. Rohit Bhasin

Total votes cast: 518,352,517
In favor: 567 members, 517,823,887 votes (99.8980%)
Against: 110 members, 528,630 votes (0.1020%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met)

Resolution 9: Remuneration of Mr. Rajeev Krishnamuralilal Agarwal

Total votes cast: 518,352,522
In favor: 568 members, 517,823,902 votes (99.8980%)
Against: 110 members, 528,620 votes (0.1020%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met)

Resolution 10: Remuneration of Ms. Rajni Sekhri Sibal

Total votes cast: 518,352,507
In favor: 567 members, 517,823,887 votes (99.8980%)
Against: 110 members, 528,620 votes (0.1020%)
Invalid votes: NIL
Result: PASSED (Special Resolution requirement met)

Scrutinizer's Role and Findings

Mr. Mirza Ismail Irshad Ahmed, Practicing Company Secretary of M/s Irshad and Associates, was appointed as Scrutinizer. His responsibilities included:

Scrutinizing the e-voting process in a fair and transparent manner
Making a report of votes cast "in favour" or "against" based on reports from KFin Technologies
Maintaining electronic registers containing details of assent/dissent with shareholder particulars
Confirming no invalid votes across all resolutions
Keeping electronic data and e-voting registers in safe custody until chairperson approval

The scrutinizer confirmed that since voting was conducted only through e-voting, there were:

No envelopes containing postal ballot forms received after due date
No envelopes returned undelivered
No defaced or mutilated ballot papers

Compliance with Laws and Regulations

The process complied with:

Section 108 and 110 of the Companies Act, 2013
Rule 20 and 22 of Companies (Management and Administration) Rules, 2014
Regulation 44 of SEBI Listing Regulations
Multiple MCA Circulars dated from April 8, 2020, to September 22, 2025