Star Health seeks shareholder nod for director remuneration

Star Health and Allied Insurance Company Limited is initiating a postal ballot to seek shareholder approval for the remuneration of Rajeev Kher, a non-executive independent director, for the financial year 2024-25. The proposed remuneration amounts to INR 20,13,699, subject to applicable taxes. This will be in addition to sitting fees and expense reimbursements for board and committee meetings. The board of directors approved this payment on April 29, 2025, following a recommendation from the nomination and remuneration committee on April 28, 2025.

The postal ballot process will involve remote e-voting, commencing on Friday, November 21, 2025, at 10:00 IST and concluding on Saturday, December 20, 2025, at 17:00 IST. Shareholders registered as of the cut-off date, Friday, November 14, 2025, are eligible to vote. The company has appointed M/s. KFin Technologies Limited to facilitate the e-voting process.

The results of the postal ballot, along with the scrutinizer's report, are expected to be announced on or before Tuesday, December 23, 2025, at 17:00 IST. Rajeev Kher was appointed as an additional director on June 11, 2024, and subsequently as a non-executive independent director for a five-year term starting September 23, 2024.