Star Cement Limited announced that its Board of Directors has approved plans to raise up to ₹1,500 crore through a combination of financing options, including private placement, preferential issue, rights issue, or qualified institutions placement (QIP).
The proposal, cleared during the company’s board meeting held on October 14, 2025, will be subject to shareholder approval and necessary regulatory clearances. To facilitate the process, the board has also formed a Fund Raising Committee to oversee all aspects of the proposed capital raise.
Additionally, Star Cement will conduct a postal ballot to obtain shareholder consent for the fundraising plan, in line with Section 110 of the Companies Act, 2013 and the SEBI Listing Regulations.
The company stated that details regarding the postal ballot notice will be shared with stock exchanges shortly. The board meeting commenced at 2:30 p.m. and concluded at 3:35 p.m.
Star Cement confirmed that the update will also be made available on its official website — www.starcement.co.in .
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