BSEOthers2d ago · 3 Sept 2026, 06:47 pm
Annual Report for the Financial Year 2025-26 is attached.
Star Cement Ltd · 540575
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Star Cement Ltd has submitted its Annual Report for the Financial Year 2025-26, along with the Notice of its 25th Annual General Meeting, scheduled to be held on September 25, 2026. The report highlights the company's transformation into a broader pan-India player, with operational improvements, expanded market reach, and strengthened supply responsiveness. The company has declared an interim dividend of ₹2 per share.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Star Cement Ltd - 540575 - Reg. 34 (1) Annual Report.
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Date: 03rd September, 2026
To, To,
The Listing Department, The Listing Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block-G Phiroze Jeejeebhoy Towers
Bandra Kurla complex, Bandra-East Dalal Street
Mumbai-400 051 Mumbai-400 001
Symbol: STARCEMENT Scrip Code: 540575
Dear Sir(s)/Madam(s),
Sub: Submission of Annual Report along with the Notice of 25th Annual General Meeting
(“AGM”) of the Company
Pursuant to Regulation 30 & 34 of the Securities Exchange Board of India (Listing
Obligation and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of
the Annual Report along with the Notice of 25th AGM of the Company scheduled to be held
on Friday, 25th September, 2026 at 11:30 A.M. through Video Conferencing (“VC”)/Other
Audio Visual Means (“OAVM”).
The Annual Report along with the Notice of the AGM is also available on the Company’s
website at https://www.starcement.co.in/annual-reports
This is for your information and record.
Thanking you,
For Star Cement Limited
Debabrata Thakurta
Company Secretary
(M. No.: F6554)
Encl: as above
Turning
Potential
into
Performance
Annual Report | 2025-26
TABLE OF
CONTENT
CORPORATE OVERVIEW INVESTOR INFORMATION
TURNING POTENTIAL
Market capitalisation (as D8,215 Crores
01 Turning Potential into Performance
on 31st March, 2026)
INTO PERFORMANCE
02 About Us
L26942M-
04 Key Highlights of the year L2001PLC006663
06 Journey and Milestones NSE symbol STARCEMENT Potential is not defined by what is created—it is defined by what
08 Message from the Chairman’s Desk BSE code 540575 is realised. At Star Cement, years of strategic investments,
12 Our Offerings D2 per share (2 disciplined planning and capacity creation culminated in FY 25-
Dividend Declared
14 Operating Environment interim dividend of 26 as the Company transformed its expanded capabilities into
(includes interim dividend)
D1 each)
16 Strategic Imperatives measurable business outcomes. The year marked the successful
20 Marketing Initiatives AGM Venue Virtual transition from building assets to extracting greater value from
22 Manufacturing Strength them, reinforcing the Company’s ability to convert strategic
26 Expanding our Manufacturing Capabilities intent into sustained operational and financial performance.
28 Our Logistic Competitiveness
FOR MORE INVESTOR-RELATED INFORMATION,
With the commissioning of the 2.0 MTPA Cachar grinding unit,
30 Financial Highlights PLEASE VISIT
enhanced clinker availability and a stronger manufacturing
32 Our People www.starcement.co.in/annual-reports
e ecosystem, the Company significantly improved production
36 Environment Or, scan this QR code
efficiency, expanded market reach and strengthened supply
40 Uplifting Community
responsiveness. These operational gains, supported by
44 Governance disciplined cost management, higher capacity utilisation, an
46 Awards and Accolades improved product mix and focused execution, translated into
record EBITDA, stronger margins and robust earnings growth.
STATUTORY REPORT
At the same time, The Company advanced its long-term growth
48 Corporate Information agenda through planned expansions in Rajasthan and Haryana,
49 Director’s Report & Management Discussion laying the foundation for its evolution from a North-East leader
and Analysis into a broader pan-India player.
85 Report on Corporate Governance
Turning Potential into Performance therefore captures a
104 Business Responsibility & Sustainability
Reporting defining phase in Star Cement’s journey. It reflects how
FORWARD-LOOKING STATEMENT
every investment began generating value, every operational
This Annual Report contains statements that may be regarded
FINANCIAL STATEMENTS
improvement strengthened competitiveness and every
as forward-looking in nature, reflecting the Company’s
expectations, projections, estimates, and assumptions strategic decision reinforced long-term resilience. As the
152 Standalone Financial Statements
regarding future events, business performance, and financial
Company continues to expand its footprint, enhance operational
226 Consolidated Financial Statements outcomes. Such statements are based on current views and
excellence and create sustainable value, it remains committed
assumptions and are inherently subject to various risks,
uncertainties, and other factors that may cause actual results to transforming potential into enduring performance for all
NOTICE
to differ materially from those anticipated.
stakeholders.
Readers are advised not to place undue reliance on these
298 Notice
forward-looking statements, as several factors—including
352 E-Communication Registration Form economic conditions, market developments, regulatory
changes, competitive dynamics, and other unforeseen
circumstances—could influence actual outcomes. The
Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of
new information, future events, or otherwise.
Annual Report 2025-26 STAR CEMENT LIMITED CORPORATE OVERVIEW
ABOUT US
WHAT’S SETS US APART
WHERE STRENGTH MEETS
Market Leadership in North-East India
PERFORMANCE Star Cement has established itself as the leading cement brand in North-East India, supported by
over two decades of market presence, deep customer relationships and an extensive distribution
network spanning 1,850+ dealers and 11,200+ retailers.
Star Cement Limited is one of the leading cement manufacturers in Eastern India
Integrated Manufacturing with Cost-Efficient Operations
and the market leader in North-East India, with a strong reputation built on quality,
reliability and customer trust. Backed by an integrated manufacturing ecosystem The Company’s fully integrated manufacturing complex at Lumshnong, Meghalaya, forms the
cornerstone of its operational excellence. Backed by 6.1 MTPA clinker capacity, 9.67 MTPA cement
comprising 6.1 MTPA clinker capacity and 9.67 MTPA cement capacity.
capacity, captive limestone reserves and an integrated power ecosystem comprising a 51 MW
Thermal Power Plant and a 24.3 MW Waste Heat Recovery System, Star Cement benefits from
Backed by more than 22 years of experience, the Company has established a robust presence through an
enhanced production efficiency and cost competitiveness.
extensive network of 1,850+ dealers and 11,200+ retailers, serving diverse infrastructure, commercial and
residential construction needs. Supported by operational excellence, sustainable manufacturing practices and
Premiumisation and Value-Added Product Portfolio
a disciplined growth strategy, Star Cement continues to strengthen its leadership in existing markets while
expanding its footprint across Eastern and Northern India, creating long-term value for all stakeholders.
Star Cement continues to strengthen its portfolio through premium brands such as Star Weather
Shield and Dhalai Master Cement, increasing the share of premium products in its trade mix and
enhancing brand differentiation and profitability. Beyond cement, The Company has expanded
into Smart Building Solutions with AAC blocks, Ready-Mix Concrete (RMC), tile adhesives and
waterproofing solutions, leveraging its existing distribution network to increase customer wallet
share while creating sustainable, higher-margin growth opportunities.
Logistics Excellence as a Competitive Advantage
Operating across the geographically challenging terrain of North-East India, Star Cement has built
logistics into a strategic competitive advantage through its integrated transportation network and
OUR MISSION dedicated fleet capabilities. The Company’s dedicated fleet provides greater control over freight
movement and transportation costs while enhancing delivery reach across remote and difficult-to-
To deliver the highest level of consumer
access markets. This integrated logistics network strengthens supply chain efficiency, optimises
satisfaction through top-quality products and
freight costs and ensures timely product availability, providing a scalable pla
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