Star Paper Mills Ltd has shut its trading window for designated insiders effective July 1, 2026, to prevent potential insider trading ahead of its financial results. The restriction applies to Directors, Key Managerial Personnel (KMPs), and Designated Persons and will remain in force until 48 hours after the company declares its financial results for the quarter ending June 30, 2026.

The decision aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's internal code of conduct for regulating and reporting trading by insiders. The closure ensures that no unpublished price-sensitive information is exploited during the period leading up to the results announcement.

Compliance and Regulatory Framework

The trading window closure is a standard procedural compliance measure mandated by market regulator SEBI. It restricts company insiders from trading in the company's shares during sensitive periods to maintain market integrity and protect investor interests.

The company informed the National Stock Exchange of India Ltd and BSE Ltd regarding the closure of the trading window. The disclosure was submitted by Saurabh Arora, Company Secretary of Star Paper Mills Ltd.

star paper mills has set a deadline of September 25, 2026, for shareholders to claim unclaimed dividends pertaining to financial years 2018-19 to 2024-25. The company warned that failure to claim these funds within the stipulated period will result in the transfer of both the unclaimed dividends and the corresponding equity shares to the Investor Education and Protection Fund (IEPF), as mandated by Section 124(6) of the Companies Act, 2013.

The company identified that dividend warrants or demand drafts issued for the specified financial years remain unencashed. Under the regulations, any amount transferred to the Unpaid Dividend Account that remains unclaimed for seven consecutive years must be transferred to the IEPF. Additionally, the shares associated with these unclaimed dividends are also liable to be transferred to the fund. Once transferred, shareholders will lose their claim to the dividends, the shares, and any subsequent corporate benefits accruing on such shareholding.

Unclaimed Dividend Details

The company disclosed the list of financial years for which dividends remain unpaid or unclaimed as per its records. The specific dividend amounts and share details were not provided in the communication.

Claim Process

Shareholders holding shares in demat form must submit a copy of the client master list with complete bank account details. For shares held in physical form, the company requires the submission of Investor Service Request Forms ISR-1 and ISR-2, along with Form No. SH-13 or ISR-3 for nomination details, in compliance with SEBI Master Circular dated May 7, 2024.

Applications and documents should be submitted to KFin Technologies Limited, the Registrar and Share Transfer Agent. The company also advised shareholders to update bank details with depository participants and convert physical share holdings to demat form in accordance with SEBI guidelines.