Star Cement Board Approves FY26 Results, Appoints New Leadership

Star Cement Ltd announced on May 22, 2026, that its board has approved the audited standalone and consolidated financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company also confirmed key changes in its top management.

Key Leadership Changes Announced

The board approved the redesignation of Mr. Prem Kumar Bhajanka from Managing Director to Vice Chairman & Managing Director. Mr. Tushar Bhajanka has been appointed as the new Managing Director & Chief Executive Officer (CEO), effective immediately. His re-appointment for another three-year term, from May 22, 2026, to May 21, 2029, is pending shareholder approval.

Shareholder Approval Required

In addition to the leadership changes, Star Cement will seek shareholder consent for the re-appointment of M/s B. G. Chowdhury & Co. as the company's Cost Auditors for the financial year 2026-27.

Company Background

Star Cement is a significant player in the Indian cement market, known for its expansion efforts and market presence in its operating regions. The company's performance benchmarks are closely watched against other major cement manufacturers in the competitive industry.

What Investors Should Watch

Key factors for investors to monitor include the execution of strategic plans under the new leadership team, the outcome of the upcoming postal ballot for shareholder approvals, and any further strategic announcements from the company.