Star Cement Board Approves Fundraising Upto ₹1,500 Crore; Share Price in Focus

Star Cement Limited informed that its Board of Directors has approved a proposal to raise up to ₹1,500 crore. The funds may be raised through one or more routes, including private placement, preferential issue, rights issue, qualified institutions placement (QIP), or any other permissible method. As per the exchange filings, the decision was taken during the board meeting held on October 14, 2025.

Purpose and Compliance

The proposed fundraising will be carried out in line with applicable laws and will require approvals from shareholders, statutory authorities, and regulatory bodies. The company has stated that it will proceed with the plan after receiving all necessary clearances.

Formation of the Committee

To oversee the process, the board has constituted a Fundraising Committee. This committee will handle all activities related to the capital raise, including execution, documentation, and coordination with regulators.

Postal Ballot Process

Star Cement will conduct a postal ballot to obtain shareholder approval for the fundraising proposal. This will be carried out as per Section 110 of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board has approved the draft of the postal ballot notice, which will be shared with the stock exchanges in due course.

Following shareholder consent and necessary approvals, the company will initiate the fundraising process. This is expected to provide financial flexibility for future requirements once approvals are in place.

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Star Cement Share Price Performance

As of October 15, 2025, 10:40 AM., Star Cement share price was trading at ₹261.80, a 1.67% down from the previous closing price.

Conclusion

Star Cement’s board decision is the formal start of the process to raise up to ₹1,500 crore, with further details to be released after completion of statutory procedures.

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