Star Paper Mills Ltd

AGM Details & Resolutions

• AGM held on 24 September 2026 at 11:00 AM via VC/OAVM.
• Record date for voting rights: 17 September 2026.
• Ordinary business: adoption of audited financial statements and directors' report.
• Ordinary business: declare dividend of Rs 2.50 per equity share.
• Ordinary business: appointment of a director in place of retiring director.
• Ordinary business: remuneration of Cost Auditors for FY 2026-27 approved.
• All resolutions passed with requisite majority.
• One shareholder holding 289,111 shares abstained on all resolutions.
• Scrutinizer's report and Insta Poll details submitted.
• No auditor changes reported.

Star Paper Mills Ltd - Trading Window Closure for Directors, KMPs and Designated Persons from Oct 1, 2026, until 48 hours after the declaration of financial results for the Quarter and Half-Year ending Sept 30, 2026

Parties

• Lender: UCO Bank; Borrower: Star Paper Mills Limited.

Purpose

• Avail working capital facilities up to Rs 50 crore (40 cr fund-based, 10 cr non-fund-based).

Key terms

• Execution date: 10 September 2026; security: charge on assets by hypothecation and title-deed mortgage.

Outstanding status

• Amount yet to be disbursed; total loan Rs 50 crore.

Related party status

• No promoter/group/director interest; not a related party.

Impact

• Increases borrowings upon disbursement; supports working capital needs.

Other disclosures

• No regulatory approvals disclosed; no conflicts of interest.

Financial performance

• Revenue from operations: Rs 40,993.82 Lakhs in FY26, down from Rs 43,633.50 in FY25.
• PAT: Rs 3,275.34 Lakhs (Rs 32.75 Cr) in FY26, down from Rs 4,114.45 Lakhs.
• EPS: Rs 20.98 for FY26, down from Rs 26.36.
• Operating margin 8.57% in FY26, vs 12.25% in FY25.
• Net profit margin 8% in FY26, vs 9% in FY25.
• Debtors turnover 65x, down from 89x in FY25.
• Current ratio 7.9x, up from 6.91x.
• Dividend proposed: Rs 2.50 per equity share (25%).
• 87th AGM through VC on 24 Sept 2026; record date 17 Sept 2026.

Capex and projects

• Turbine project: 6.5 MW; capex Rs 13.30 Cr; expected power-cost reduction.
• Clo2 plant: capex Rs 30.95 Cr; improves pulp brightness and strength.
• Solar rooftop: 80.32 kWp; cost Rs 34.83 Lakh; 1.05 lakh units/year.
• Both projects targeted for completion by Dec 2026.

Dividend, liquidity and capital structure

• Dividend Rs 2.50 per share proposed; AGM with VC.
• Record date fixed at 17 Sep 2026; AGM on 24 Sep 2026.
• No transfer to general reserve during FY26.
• Debt: No borrowings; debt-equity ratio 0.01; current ratio 7.9x.

Governance and controls

• Statutory auditors: Lodha & Co; Cost auditors: K.B. Saxena & Associates.
• Secretarial auditor: D. Dutt & Co.; four Board meetings in FY26.
• Audit focus includes provisions and contingent liabilities; inventory valuation.

Market environment and outlook

• Indian paper industry faces import competition; GST changes impacting pricing.
• West Asia conflict raises energy and supply-chain risks; stagflation concerns.
• Domestic demand expected to grow; global factors may affect performance.

CSR and ESG

• CSR spend Rs 142.63 Lakh; average net profit Rs 126.92 Lakh; excess Rs 15.71 Lakh carried forward.
• CSR activities include healthcare, education, gender equality, environment, heritage; awards won for quality and sustainability.

Related party and shareholder matters

• Related party transactions largely arm's-length; key items include Brand Usage Fees to ISG Traders Ltd.
• KMP remuneration total Rs 654.17 Lakh; MD Rs 560.86 Lakh; other directors' fees modest.
• Promoter shareholding 44.93%; 99.65% of shares dematerialized.

Record date and dividend/voting actions

• Security: equity shares.
• Record date: 17 September 2026.
• Dividend for FY2025-26: Rs 2.50 per share if declared.
• AGM date: 24 September 2026 (VC/OAVM).
• Cut-off date for voting: 17 September 2026.
• E-voting window: 21–23 September 2026.
• Subject to shareholders' approval.

Financial results

• Approved unaudited Q1 FY2026-27 results for quarter ended 30 June 2026, after Audit Committee review.
• Enclosed Independent Auditors' review report on the results.

Financial results and approvals

• Approved unaudited quarterly results for quarter ended 30 June 2026.
• Independent Auditors' Review Report issued; no material misstatement found.
• Company operates in a single segment: Paper, Paper Board and related products.
• Audit Committee reviewed results; Board approved on 12 August 2026.
• Profit for the quarter: 1,100.51 Lakhs; Total income: 11,740.15 Lakhs.
• Labour Code changes noted; company monitoring applicable adjustments.