Star Health and Allied Insurance Company CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 28 Aug 2026, 11 fund houses so far (houses' deadline to file 15 Oct 2026)

• To receive, consider and adopt the audited Standalone financial statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.MoreLess

  11 for0 against
• To appoint a Director in place of Mr. Deepak Ramineedi (DIN: 07631768), who retires by rotation and being eligible, offers himself for re-appointment.

  11 for0 against
• To appoint Mr. Utpal Hemendra Sheth (DIN: 00081012), as a Nominee Director of the Company to represent Sitara Partners LLP.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Director is a non-retiring and the Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act; Further, Director is a member of Nomination & Remuneration Committee, which has the duty to nominate/ recommend directors for appointment to ensure compliance with relevant laws.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Director is a non-retiring and the Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act; Further, Director is a member of NRC, which has the duty to nominate/ recommend directors for appointment to ensure compliance with relevant laws.

  8 for3 against

Mutual fund votes, meeting of 16 Jun 2026, 22 fund houses

• Continuation of Mr. Sumir Chadha (DIN: 00040789), Nominee Director of Safecrop Investments India LLP on the Board of Directors of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Profile of the proposed director, including material disclosures such as the latest attendance, have not been provided by the Company, without which it is not possible to ascertain the performance of the Director; Director is a non-retiring and the Board is non-compliant with requisite number of retiring Directors as required; Further, Director is a member of Nomination & Remuneration Committee, which has the duty to nominate/ recommend directors for appointment to ensure compliance with relevant laws.
  • Edelweiss Mutual FundCompliant with law. No concerns with the merit and time-commitments of the Director. Governance Concern: Director is a non-retiring and the Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act; Further, Director is a member of NRC, which has the duty to nominate/ recommend directors for appointment to ensure compliance with relevant laws.
  • Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concerns with the merit and time-commitments of the Director. Governance Concern: Profile of the proposed director, including material disclosures such as the latest attendance, have not been provided by the Company, without which it is not possible to ascertain the performance of the Director; Director is a non-retiring and the Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act; Further, Director is a member of NRC, which has the duty to nominate/ recommend directors for appointment to ensure compliance with relevant laws.
  • Kotak Mahindra Mutual FundSumir Chadha, 55, is the Co-Founder and Managing Partner of WestBridge Capital. He is also the Co-Founder and former Managing Director of Sequoia Capital India. He was appointed as a nominee director on the company s board on behalf of Safecrop Investments India LLP (WestBridge s Indian legal entity) with effect from 31 May 2021. He attended five out of six (83%) board meetings held in FY25. As per section 152(6) of the Companies Act, 1956 at least 2/3rd directors should be liable to retire by rotation, which in this case comes to 4. The board is non-compliant as the retiring directors are 3. Hence, we so not support the resolution.
  • Motilal Oswal Mutual FundNRC member and Board is non-compliant with Section 152 of the Companies Act.

  15 for7 against
• Approval for the reclassification of ‘promoter / promoter group’ to ‘public’ category.

  22 for0 against
• Approval of revision in remuneration payable to Mr. Rajeev Kher (DIN: 0l192524), Non-Executive Independent Director and Chairperson of the Board.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with requisite number of retiring Directors and the directors is Board Chairperson.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act and the directors is Board Chairperson.
  • Kotak Mahindra Mutual FundRajeev Kher, 70, is a retired IAS officer with over 37 years of experience in public service. He is the former Commerce Secretary to the Government of India. He has served on the board since June 2024 and attended all six (100%) board meetings held in FY26. As per section 152(6) of the Companies Act, 1956 at least 2/3rd directors should be liable to retire by rotation, which in this case comes to 4. The board is non-compliant as the retiring directors are 3. Hence, we so not support the resolution.
  • Motilal Oswal Mutual FundBoard Chairperson and Board is non-compliant with Section 152 of the Companies Act.

  15 for7 against
• Approval of revision in remuneration payable to Mr. Anand Roy (DIN: 08602245), Managing Director & Chief Executive Officer (MD & CEO) for FY 2026-2027.

  ›Against Abakkus Mutual Fund, Aditya Birla Sun Life Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund

  • Abakkus Mutual FundMetrics based on which variable pay will be calculated have not been explicitly mentioned
  • Aditya Birla Sun Life Mutual Fund, Jio BlackRock Mutual FundShankar Anand Roy, 51, has been associated with Star Health since its inception in 2006. He was appointed as the Managing Director on 16 December 2019 and redesignated as Managing Director and CEO from 5 May 2023. The members and IRDAI approved his reappointment as the MD & CEO for a term of five years with effect from 16 December 2024. He attended all six (100%) board meetings held in FY26. He was paid remuneration of Rs. 131.8 mn in FY26. His proposed remuneration for FY27 comprises fixed pay of up to Rs. 70.8 mn, variable pay (cash component) of up to Rs. 63.7 mn, and variable pay (non-cash component) comprising 0.9 mn stock options at an exercise price of Rs. 512.6 per option, subject to IRDAI approval. Considering the IRDAI cap of 300% of fixed pay on total variable pay, we estimate his FY27 remuneration at Rs. 283.2 mn. The proposed remuneration for FY27 represents a significant increase over his past pay and is not commensurate with the company’s performance and peers. Further, the company has not disclosed the performance metrics that will determine variable pay. Given these concerns, we do not support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  18 for4 against
• Approval of revision in remuneration payable to Mr. Himanshu Walia, Chief Marketing Officer and Whole-time Director (DIN: 11101338) of the Company for FY 2026-2027.

  ›Against Abakkus Mutual Fund, Aditya Birla Sun Life Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund

  • Abakkus Mutual FundMetrics based on which variable pay will be calculated have not been explicitly mentioned
  • Aditya Birla Sun Life Mutual Fund, Jio BlackRock Mutual FundHimanshu Walia, 46, is the Chief Marketing Officer of the company since April 2023 and has been associated with the company since 2007. He has over 23 years of experience in the insurance industry. He was paid a remuneration of Rs 66.5 mn for FY26. His proposed remuneration for FY27 comprises fixed pay of up to Rs. 35.9 mn, variable pay (cash component) of up to Rs. 32.3 mn, and variable pay (non-cash component) comprising 0.5 mn stock options at an exercise price of Rs. 512.6 per option, subject to IRDAI approval. Considering the IRDAI cap of 300% of fixed pay on total variable pay, we estimate his FY27 remuneration at Rs. 143.6 mn. The proposed remuneration for FY27 represents a significant increase over his past pay and is not commensurate with the company’s performance and peers. Further, the company has not disclosed the performance metrics that will determine variable pay. Given these concerns, we do not support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  18 for4 against
• Approval of revision in remuneration payable to Mr. Amitabh Jain, Chief Operating Officer and Whole-time Director (DIN: 11101339) of the Company for FY 2026-2027.

  ›Against Abakkus Mutual Fund, Aditya Birla Sun Life Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund

  • Abakkus Mutual FundMetrics based on which variable pay will be calculated have not been explicitly mentioned
  • Aditya Birla Sun Life Mutual Fund, Jio BlackRock Mutual FundAmitabh Jain, 55, has been the Chief Operating Officer of the company since May 2023. He has over 25 years of experience in financial services. At Star Health, he oversees claims operations, underwriting, business operations, and product design and strategy. He was paid a remuneration of Rs 74.3 mn for FY26. His proposed remuneration for FY27 comprises fixed pay of up to Rs. 39.5 mn, variable pay (cash component) of up to Rs. 35.2 mn, and variable pay (non-cash component) comprising 0.5 mn stock options at an exercise price of Rs. 512.6 per option, subject to IRDAI approval. Considering the IRDAI cap of 300% of fixed pay on total variable pay, we estimate his FY27 remuneration at Rs. 158.0 mn. The proposed remuneration for FY27 represents a significant increase over his past pay and is not commensurate with the company’s performance and peers. Further, the company has not disclosed the performance metrics that will determine variable pay. Given these concerns, we do not support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  18 for4 against
• Approval of remuneration payable to Ms. Anisha Motwani (DIN: 06943493) Non-Executive Independent Director.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with requisite number of retiring Directors and the director is Nomination & Remuneration Committee Member.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act and the directors are NRC Members.
  • Kotak Mahindra Mutual FundMs. Anisha Motwani, 62, has served on the board since 1 November 2019. She was paid remuneration of Rs. 2.5 mn for FY26 and attended all six (100%) board meetings held in FY26. The aggregate commission paid to independent directors for FY26 is Rs. 12.0 mn, representing 0.22% of FY26 net profits. The proposed remuneration of Rs. 3.0 mn is in line with the IRDAI remuneration threshold for Independent Directors. As per section 152(6) of the Companies Act, 1956 at least 2/3rd directors should be liable to retire by rotation, which in this case comes to 4. The board is non-compliant as the retiring directors are 3. Hence, we so not support the resolution.
  • Motilal Oswal Mutual FundNRC member and Board is non-compliant with Section 152 of the Companies Act.

  15 for7 against
• Approval of remuneration payable to Mr. Rohit Bhasin (DIN: 02478962), Non-Executive Independent Director.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with requisite number of retiring Directors and the director is Nomination & Remuneration Committee Chairperson.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act and the director is NRC Chairperson.
  • Kotak Mahindra Mutual FundRohit Bhasin, 66, has served on the board since 1 November 2019. He was paid remuneration of Rs. 2.5 mn for FY26. He attended all six (100%) board meetings held in FY26. The aggregate commission paid to independent directors for FY26 is Rs. 12.0 mn, representing 0.22% of FY26 net profits. The proposed remuneration of Rs. 3.0 mn is in line with the IRDAI remuneration threshold for Independent Directors. As per section 152(6) of the Companies Act, 1956 at least 2/3rd directors should be liable to retire by rotation, which in this case comes to 4. The board is non-compliant as the retiring directors are 3. Hence, we so not support the resolution.
  • Motilal Oswal Mutual FundNRC Chairperson and Board is non-compliant with Section 152 of the Companies Act.

  15 for7 against
• Approval of remuneration payable to Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221) Non Executive Independent Director.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with requisite number of retiring Directors and the director is Nomination & Remuneration Committee Member.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act and the directors are NRC Members.
  • Kotak Mahindra Mutual FundRajeev Krishnamuralil Agarwal, 67, is a former Whole-time Member of SEBI and was designated as Commissioner of the regulatory commission. He has served on the board since 23 May 2021. He was paid remuneration of Rs. 2.5 mn for FY26. He attended all six (100%) board meetings held in FY26. The aggregate commission paid to independent directors for FY26 is Rs. 12.0 mn, representing 0.22% of FY26 net profits. The proposed remuneration of Rs. 3.0 mn is in line with the IRDAI remuneration threshold for Independent Directors. As per section 152(6) of the Companies Act, 1956 at least 2/3rd directors should be liable to retire by rotation, which in this case comes to 4. The board is non-compliant as the retiring directors are 3. Hence, we so not support the resolution.
  • Motilal Oswal Mutual FundNRC member and Board is non-compliant with Section 152 of the Companies Act.

  15 for7 against
• Approval of remuneration payable to Ms. Rajni Sekhri Sibal (DIN: 09176377) Non-Executive Independent Director.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with requisite number of retiring Directors and the director is Nomination & Remuneration Committee Member.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act and the directors are NRC Members.
  • Kotak Mahindra Mutual FundMs. Rajni Sekhri Sibal, 65, is a retired IAS officer and superannuated as the Secretary to Government of India. She has served on the board since 23 May 2021. She attended all six (100%) board meetings held in FY26. The aggregate commission paid to independent directors for FY26 is Rs. 12.0 mn, representing 0.22% of FY26 net profits. The proposed remuneration of Rs. 3.0 mn is in line with the IRDAI remuneration threshold for Independent Directors. As per section 152(6) of the Companies Act, 1956 at least 2/3rd directors should be liable to retire by rotation, which in this case comes to 4. The board is non-compliant as the retiring directors are 3. Hence, we so not support the resolution.
  • Motilal Oswal Mutual FundNRC member and Board is non-compliant with Section 152 of the Companies Act.

  15 for7 against

• Unlisted stake heldBima SugamSince 8 Feb 2025

  0.00% bought in the quarter; holding 1.51%, from 1.51%

• Fine or penaltyOffce of the Deputy Commissioner of State Tax - ChhattisgarhSince 6 Aug 2026₹0.03 Cr

  Excess ITC Claimed

• Tax disputeGST Authority - Uttar PradeshSince 23 Apr 2024
  The company filed Appeal internally and Hearing attended. Modified appeal passed unfavourable order. The company is in process of filing tribunal appeal.
• Tax disputeGST Authority - Uttar PradeshSince 7 Aug 2024
  The company filed Appeal internally and Hearing attended. Modified appeal passed unfavourable order. The company is in process of filing tribunal appeal.
• Tax disputeGST Authority - Tamil NaduSince 1 Jan 2025
  The Company attended the hearings and is currently pursuing an appeal before the Tribunal.
  At the filing before: The Company has filed the appeal, regularly attended hearings, and reiterated the query raised by the appellate authority
• Tax disputeGST Authority - Tamil NaduSince 7 Jan 2025
  The tax litigation has been settled and closed.
  At the filing before: The Company has filed the appeal, regularly attended hearings, and reiterated the query raised by the appellate authority
• Tax disputeGST Authority - Tamil NaduSince 9 Jan 2025
  The Company has filed the appeal, regularly attended hearings, and reiterated the query raised by the appellate authority
• Tax disputeGST Authority - KarnatakaSince 13 Jan 2025
  The Company has filed the Appeal and awaits a hearing

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

Yes

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.