Outcome of Board Meeting

Date: June 26, 2026 Place: Chennai Ref: SHAI/B & S/SE/45/2026-27 To, To, The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower Exchange Plaza, 5th Floor, Plot C/1, Dalal Street G Block, Bandra-Kurla Complex Mumbai – 400001 Mumbai – 400051. Maharashtra, India. Maharashtra, India. Scrip Code: 543412 Symbol: STARHEALTH Dear Sir/ Madam, Sub: Outcome of Board Meeting- June 26,2026. We wish to inform that in compliance with Regulation 30 read with Schedule III Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) the Board of Directors of Star Health and Allied Insurance Company Limited (“Company”), in their meeting held on Friday, June 26, 2026 inter alia, considered and approved the following: 1. Retirement of Independent Directors Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221) and Ms. Rajni Sekhri Sibal (DIN: 09176377) Independent Directors of the Company shall retire from the close of business hours on July 15, 2026, upon completion of their term of five (5) consecutive years. The Board placed on record its appreciation for their valuable contributions to the Company during their tenure as Independent Directors. 2. Transmission of Shares of Late Mr. Rakesh Jhunjhunwala Transmission of 8,28,82,958 Equity Shares held by Late Mr. Rakesh Jhunjhunwala as per the Probate issued by the Honourable High court of Bombay on 18th December 2023. 3. Resignation of Mr. Utpal Sheth as Nominee Director of Late Mr. Rakesh Jhunjhunwala Consequent to the transmission of 8,28,82,958 Equity Shares held by Late Mr. Rakesh Jhunjhunwala the withdrawal of nomination by the Estate of Late Mr. Rakesh Jhunjhunwala and resignation of Mr. Utpal Hemendra Sheth (DIN: 00081012) as the Nominee Director of Late Mr. Rakesh Jhunjhunwala with effect from June 26, 2026.The resignation letter is enclosed as Annexure 1. 4. Appointment of Mr. Utpal Sheth as Additional Director under Non – Executive category Mr. Utpal Hemendra Sheth (DIN: 00081012) was appointed as Additional Director under Non- Executive Category representing Sitara Partners LLP, the Promoter of the Company as approved by IRDAI vide approval dated April 06, 2026. Mr. Utpal Sheth was appointed as Nominee Director representing Sitara Partners LLP subject to the approval of the members from the date of approval by the members. The details as required under Regulation 30 of the SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure 2. The Meeting of the Board of Directors of the Company commenced at 04:30 P.M. (IST) and concluded at 04:45 P.M. (IST). The above information is also being hosted on the Company's website at www.starhealth.in Kindly take the same on records. For Star Health and Allied Insurance Company Limited Jayashree Sethuraman Company Secretary & Compliance Officer Copy to: IDBI Trusteeship Services Limited, Asian Building, Ground floor, Ballard Estate, Mumbai-400 001. Annexure - 1 Date: 26th June 2026 Star Health and Allied Insurance Company Limited (Star Health) No. 1, New Tank Street, Valluvarkottam High Road, Nungambakkam, Chennai - 600034 Sub : Resignation as a director of Star Health and Allied Insurance company Limited I, Utpal Sheth, son of Late Mr. nominee of Late Mr. Rakesh Jhunjhunwala, hereby tender my resignation as a Nominee Director of Star Health with effect from 26th June, 2026. The said resignation is due to withdrawal of nomination by the estate of Late. Mr. Rakesh Jhunjunwala pursuant to transmission of shares held by Late Mr. Rakesh Jhunjhunwala. In addition, the details of membership positions held in the Board Sub Committees of Star Health are given below: Sl. Name of Committee Designation Audit Committee Member Nomination and Remuneration Committee Member Investment Committee Member Risk Management Committee Member Policyholders Protection, Grievance Redressal and Claims Monitoring Committee Member Information Technology Committee Member Kindly undertake necessary actions to complete all formalities relating to my resignation as a director of Star Health (including the filing of necessary forms / disclosures with Registrar of Companies, the stock exchanges and other regulatory authorities and perform all such acts, deeds and things as may be necessary to give effect to this resignation. Kindly accept this letter as my resignation letter as a Nominee Director and relieve me of my duties as the Nominee Director of Star Health with effect from 26th June, 2026. Kindly acknowledge receipt of the same. Thank you. Yours truly, Utpal Sheth DIN: 00081012 Date: 26, June, 2026 Place: Mumbai Annexure 2 Details under Regulation 30 of the SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are as follows: A. Mr. Rajeev Krishnamuralilal Agarwal Independent Director Sl.No Particulars Details 1) Name and DIN of the Director Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221) 2) Reason for change viz. Retirement upon completion of the tenure as appointment/reappointment/resi an Independent Director gnation, removal, death or otherwise: 3) Date of appointment / Cessation Date of retirement– July 15, 2026 (close of business hours) 4) Brief Profile (in case of Not Applicable appointment) 5) Disclosure of Relationships Not Applicable between Directors (in case of Appointment of a Director) 6) Information as required pursuant Not Applicable to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Limited Circular with ref. no. NSE/CML/2018/24, both dated 20 June, 2018 B. Mr. Rajni Sekhri Sibal Independent Director Sl.No Particulars Details 1) Name and DIN of the Director Ms. Rajni Sekhri Sibal (DIN: 09176377) 2) Reason for change viz. Retirement upon completion of the tenure as appointment/reappointment/resi an Independent Director gnation, removal, death or otherwise: 3) Date of appointment / Cessation Date of retirement– July 15, 2026 (close of business hours) 4) Brief Profile (in case of Not Applicable appointment) 5) Disclosure of Relationships Not Applicable between Directors (in case of Appointment of a Director) 6) Information as required pursuant Not Applicable to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Limited Circular with ref. no. NSE/CML/2018/24, both dated 20 June, 2018 C. Mr. Utpal Hemendra Sheth Nominee Director of Late Mr. Rakesh Jhunjhunwala Sl.No Particulars Details 1) Name and DIN of the Director Mr. Utpal Hemendra Sheth (DIN: 00081012) 2) Reason for change viz. Resignation due to withdrawal of nomination by appointment/reappointment/resi Mrs. Rekha Jhunjhunwala, the Executor of the Estate gnation, removal, death or of Late Mr. Rakesh Jhunjhunwala pursuant to otherwise: transmission of shares held by Late. Mr. Rakesh Jhunjunwala. 3) Date of appointment / Cessation Date of resignation – June 26, 2026 4) Brief Profile (in case of Not Applicable appointment) 5) Disclosure of Relationships Not Applicable between Directors (in case of Appointment of a Director) 6) Information as required pursuant Not Applicable to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Limited Circular with ref. no. NSE/CML/2018/24, both dated 20 June, 2018 D. Mr. Utpal Hemendra Sheth Nominee Director of Sitara Partners LLP Sl.No Particulars Details 1) Name and DIN of the Director Mr. Utpal Hemendra Sheth (DIN: 00081012) 2) Reason for change viz. Appointment due to nomination by Sitara Partners LLP, the appointment/reappointment/res Promoter to represent on the Board of the Company. ignation, removal, death or otherwise: 3) Date of appointment / Cessation Date of appointment – June 26, 2026 4) Brief Profile (in case of Mr. Utpal Sheth is the Founder and Mentor of Trust Group appointment) and Chanakya Wealth Creation. TRUST Gro [Showing first 8,000 characters — download PDF for full document]