BSEOthers1d ago · 4 Sept 2026, 04:43 pm
This is with reference to the Annual Report for the FY 2025-26 submitted by the Company on September 3, 2026, pursuant to the applicable listing regulations. We regret to inform you ....
Star Cement Ltd · 540575
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Star Cement Ltd has submitted a corrigendum to its Annual Report for FY 2025-26, correcting the omission of the Independent Auditors Certificate on Corporate Governance.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern6/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Star Cement Ltd - 540575 - Reg. 34 (1) Annual Report.
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Date: 04th 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: Corrigendum to Annual Reports for the Financial Year 2025-26
This is with reference to the Annual Report for the Financial Year 2025-26 submitted by the
Company on September 3, 2026, pursuant to the applicable listing regulations.
We regret to inform you that the “Independent Auditors Certificate on Corporate
Governance” was inadvertently omitted from the Annual Report 2025-26 due to an
oversight. We request you to please read the original submission along with the below
mentioned correction:
Page Number: 101
Heading: Independent Auditors Certificate on Corporate Governance
Corrected Information: Inserted the Independent Auditors Certificate on Corporate
Governance in page no. 101.
Apart from the omission mentioned above, there are no other changes to the Annual
Report or the Financial Statements submitted on September 3, 2026. The revised version of
the Annual Report incorporating this change has been uploaded to the Company’s website
at a weblink at https://www.starcement.co.in/pdf/annual-reports/Annual-Report-2025-
26.pdf and also enclosed herewith.
We request you to take this corrigendum on record and bring it to the attention of the
members of the Exchange and investors. We sincerely regret the inconvenience caused.
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
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