Star Paper Mills reported a 20.4% decline in net profit to ₹3,275.34 lakh for the financial year ended March 31, 2026, down from ₹4,114.45 lakh in the previous year. The company's revenue from operations decreased to ₹40,993.82 lakh for FY26, compared to ₹43,633.50 lakh in FY25. The board has recommended a final dividend of ₹2.50 per equity share of ₹10 each, amounting to ₹390.21 lakh, pending shareholder approval at the ensuing Annual General Meeting.

For the quarter ended March 31, 2026, the company reported a net loss of ₹129.15 lakh, contrasting with a profit of ₹501.09 lakh in the same quarter of the previous year. Revenue for the quarter stood at ₹11,258.51 lakh, slightly lower than the ₹11,408.51 lakh recorded in the corresponding period of FY25. The statutory auditors issued an unmodified opinion on the audited financial results. The Audit Committee and the Board of Directors approved the results at their meeting held on May 25, 2026.

Financial Results for FY26

The company's total income for the year stood at ₹43,358.08 lakh, a decrease from ₹46,027.42 lakh in the previous year. Total expenses for FY26 were ₹39,935.31 lakh, compared to ₹40,683.11 lakh in FY25. Profit before tax for the year was ₹3,422.77 lakh, a significant drop from ₹5,344.31 lakh in the prior year.

Board Approvals and Appointments

The Board of Directors approved the audited financial results and appointed M/s. PKMB & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-27. Additionally, the board appointed M/s K.B. Saxena & Associates, Cost Accountants, as the Cost Auditors for FY27, subject to ratification of remuneration by shareholders. The remuneration for the cost auditor is fixed at ₹0.50 lakh plus tax and out-of-pocket expenses.

Key Disclosures

Other income for the year included an unrealized loss of ₹1,223.10 lakh on the fair valuation of investments in mutual fund units for the quarter ended March 31, 2026. The company also received an insurance claim of ₹384.00 lakh subsequent to the balance sheet date against a loss of building and machinery due to a fire in the finishing house in an earlier year. Furthermore, the carrying value of deferred tax liabilities was reassessed, resulting in a write-back of ₹490.00 lakh during the year.

Star Paper Mills Limited has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. The certification, issued by M/s D. Dutt & Co., Company Secretaries, validates the company's adherence to listing obligations and disclosure requirements during the review period. This compliance status assures stakeholders regarding the robustness of the company's internal governance systems.

The Annual Secretarial Compliance Report examined the company's adherence to various regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The audit confirmed that the Board of Directors maintained effective systems to ensure compliance with all applicable acts, rules, and circulars. The review also covered the preservation of documents and the timely updation of policies required under SEBI norms.

A key finding in the report was the absence of any deviations or non-compliances during FY26. The practicing company secretary verified that no actions were taken against the listed entity, its promoters, or directors by SEBI or the stock exchanges. Additionally, there were no resignations of statutory auditors during the financial year, and the company does not have any material subsidiaries requiring specific disclosures.

The report detailed the compliance status across several operational and governance parameters. The company successfully conducted performance evaluations of the Board and its committees as prescribed. All related party transactions obtained prior approval from the Audit Committee, and necessary disclosures under Regulation 30 were made within the stipulated time limits.

Compliance Status Overview

The report, dated May 25, 2026, was submitted to the National Stock Exchange of India Ltd and BSE Ltd. Saurabh Arora, Company Secretary of Star Paper Mills Limited, communicated the findings to the exchanges, confirming the company's commitment to regulatory standards.