Star Cement board approves ₹1,500 crore fundraise

Star Cement Limited announced that its board of directors, in a meeting held on October 14, 2025, approved a proposal to raise funds up to ₹1,500 crore. This fundraising will occur through various modes, including private placement, preferential issue, right issue, or a combination thereof, and is subject to necessary approvals from shareholders and regulatory bodies. The board has also constituted a "Fund Raising Committee" to manage all aspects of this initiative.

Additionally, the board approved the commencement of a postal ballot process to seek shareholder approval for the proposed fundraise. The draft notice for the postal ballot will be submitted to the stock exchanges as per SEBI LODR Regulations.

The board meeting began at 02:30 P.M. and concluded at 03:35 P.M. Further information regarding these decisions will be accessible on the company's website.