Star Health Receives IRDAI Approval for Transmission of 8,28,82,958 Equity Shares Held by Late Rakesh Jhunjhunwala

Star Health Insurance and Allied Insurance Company Limited has received regulatory approval for the transmission of equity shares previously held by Late Mr. Rakesh Jhunjhunwala. The Insurance Regulatory and Development Authority of India (IRDAI) granted approval for this significant shareholding transmission through its official communication dated April 06, 2026.

Regulatory Approval Details

The IRDAI approval was communicated through reference number 803/F&I/ToS/Star/24-25/003 dated April 06, 2026. The regulatory clearance specifically covers the transmission of equity shares that were held by Late Mr. Rakesh Jhunjhunwala in the insurance company.

Parameter: Details Approval Authority: Insurance Regulatory and Development Authority of India (IRDAI) Reference Number: 803/F&I/ToS/Star/24-25/003 Approval Date: April 06, 2026 Shares Involved: 8,28,82,958 equity shares

Share Transmission Process

The transmission of 8,28,82,958 equity shares will be carried out in accordance with the probate granted in the name of Late Mr. Rakesh Jhunjhunwala. This process ensures that the shareholding transfer follows the prescribed legal framework and regulatory requirements for such transactions in the insurance sector.

Compliance and Disclosure

Star Health and Allied Insurance Company Limited made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the disclosure available on its official website at www.starhealth.in , ensuring transparency for stakeholders and market participants.

The disclosure was signed by Jayashree Sethuraman, Company Secretary & Compliance Officer, demonstrating the company's commitment to regulatory compliance and proper corporate governance practices in handling significant shareholding changes.

Star health insurance has received a rating reaffirmation from CARE Ratings Limited, maintaining its strong credit profile in the insurance sector. The company announced this development through a regulatory filing dated April 02, 2026, from its Chennai headquarters.

Rating Details

CARE Ratings Limited has reaffirmed the existing credit ratings for Star Health and Allied Insurance Company Limited. The rating action maintains the company's financial standing in the market.

Rating Type: Current Rating Outlook Issuer Rating: AA+ Stable Subordinate Debt Rating: AA Stable

Regulatory Compliance

The disclosure was made in accordance with regulatory requirements under the Securities and Exchange Board of India framework. The company has fulfilled its obligations under specific SEBI regulations governing listed entities.

Key compliance aspects:

Filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional compliance with Regulation 55 of the same framework

Information made available on company website at www.starhealth.in

Corporate Communication

The announcement was signed by Jayashree Sethuraman, Company Secretary & Compliance Officer, using digital signature authentication. The communication was addressed to both major stock exchanges where the company's shares are listed.

The rating reaffirmation provides stakeholders with continued confidence in the company's financial stability and operational strength. CARE Ratings' decision to maintain the existing ratings suggests stable business fundamentals and consistent performance metrics.

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