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.

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.