Star Paper Mills has fixed September 17, 2026 as the record date for determining shareholder eligibility for the proposed dividend of ₹2.50 per equity share for the financial year 2026. This dividend represents a payout ratio of 25% relative to the face value of the shares. The final approval of the dividend is subject to ratification by members at the company’s 87th Annual General Meeting (AGM).

The Board of Directors approved these details during a meeting held on August 12, 2026. The session commenced at 3:12 pm and concluded at 3:45 pm. In addition to the dividend record date, the Board also fixed September 17, 2026 as the cut-off date for determining membership eligibility to vote on resolutions set out in the AGM notice.

AGM and E-voting Schedule

The 87th AGM will be conducted on Thursday, September 24, 2026, through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

Shareholders eligible to vote must participate in the e-voting process, which operates within a specific window:

• Start Date: September 21, 2026 at 9:00 am
• End Date: September 23, 2026 at 5:00 pm

M/s D. Dutt & Co., Company Secretaries, have been appointed as the scrutinizer to ensure the e-voting process is conducted fairly and transparently. They will also be responsible for declaring the results.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was addressed to both the National Stock Exchange of India Ltd and the BSE Ltd.

Star Paper Mills reported a net profit of ₹1100.51 lakh for the quarter ended June 30, 2026, down 14.1% year-on-year from ₹1280.92 lakh in Q1FY26. Despite a modest 2.3% rise in revenue from operations to ₹10,346.19 lakh, profitability was pressured by higher cost of materials and employee benefits, partially offset by significant unrealized gains in other income.

The Board of Directors approved the unaudited financial results at a meeting held on August 12, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Lodha & Co LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

Revenue from operations increased to ₹10,346.19 lakh from ₹10,115.75 lakh in the corresponding quarter of the previous year. However, total expenses rose to ₹10,263.47 lakh from ₹9,670.42 lakh, squeezing operating margins. Cost of materials consumed jumped 10.9% to ₹5,607.26 lakh, while employee benefits expense grew 20.3% to ₹890.91 lakh. Power and fuel costs also edged up 6.3% to ₹1,789.48 lakh.

Other income contributed significantly to the bottom line, rising 17.5% to ₹1,393.96 lakh. This increase was primarily driven by an unrealized gain of ₹946.52 lakh on fair valuation of mutual fund investments, compared to ₹1025.20 lakh in Q1FY26. The company’s basic earnings per share (EPS) stood at ₹7.05, down from ₹8.21 in the prior year.

What the Numbers Show

The divergence between operational performance and other income highlights the company’s reliance on investment gains to support profitability. While core revenue growth remained steady at 2.3%, operational costs expanded faster than income, leading to a 9.5% drop in profit before tax. The substantial contribution from unrealized gains on mutual funds—accounting for nearly 68% of total other income—suggests that underlying operational margins face headwinds from rising input and labor costs.

Regulatory and Operational Notes

The company operates in a single segment comprising paper, paper board, and related products. Management noted that current emoluments are broadly aligned with the new Labour Codes notified by the Government of India effective November 21, 2025. The company continues to monitor developments regarding related rules and regulations to evaluate any consequential adjustments.

The figures for the quarter ended March 31, 2026, represent balancing figures between audited full-year results and unaudited year-to-date figures up to December 31, 2025. Previous period figures have been reclassified where necessary to correspond with current period classifications.