Star Paper Mills logo

Star Paper Mills MD, chairman, board of directors and AGM

NSE: STARPAPERBSE: 516022Paper, Forest & Jute ProductsSmall Cap

Last close ₹144.05down ₹6.76 (4.48%)BSE ₹144.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹150.81.

52-week range of traded prices to 23 Oct 2026
₹119.05Low, 30 Mar 2026₹174.00High, 15 Oct 2026
Market cap
₹225 Cr2,335th largest listed
P/E
7.3
P/B
0.3
Dividend yield
1.74%
ROE
4.5%
ROCE
1.1%
Debt to equity
0.00
Volume, NSE
10,42783.2% delivered

Star Paper Mills board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSHRIVARDHAN GOENKA
  • Managing directorMADHUKAR MISHRA
  • Company Secretary and Compliance OfficerSaurabh Arora

6 directors3 independent1 executive2 non-executive

  • SHRIVARDHAN GOENKA · ChairpersonNon-executive · joined Sep 2002 · reappointed Sep 2025 · 1 listed board · 1 committee seat
  • MADHUKAR MISHRA · Managing directorExecutive · joined Jun 2001 · reappointed Jul 2025 · 60 months as independent · 1 listed board · 1 committee seat
  • PRAGYA JHUNJHUNWALANon-executive · joined Jun 2021 · reappointed Sep 2024 · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
  • RISHABH CHAND LODHAIndependent · joined May 2024 · reappointed May 2024 · 60 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • ATULMANI SHARMAIndependent · joined Sep 2024 · reappointed Sep 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ANOOP MISHRAIndependent · joined Sep 2024 · reappointed Sep 2024 · 60 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 May 20266 of 6 present3 independent · 100 days in between
    • 13 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair RISHABH CHAND LODHA

    SHRIVARDHAN GOENKA, ANOOP MISHRA, ATULMANI SHARMA

    • 25 May 20264 of 4 present3 independent · 100 days in between
    • 13 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair ANOOP MISHRA

    ATULMANI SHARMA, SHRIVARDHAN GOENKA

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair PRAGYA JHUNJHUNWALA

    MADHUKAR MISHRA, ANOOP MISHRA

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair SHRIVARDHAN GOENKA

    MADHUKAR MISHRA, ATULMANI SHARMA

    • 8 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • LODHA & CO., LLP CHARTERED ACCOUNTANTS, KOLKATAPeer-review certificate valid to Mar 2027
1 earlier auditor
  • LODHA & CO., LLP, CHARTERED ACCOUNTANTSNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Star Paper Mills AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Star Paper Mills dividend history

Annual general meeting, 24 Sep 2026

16,202 shareholders on the register on 17 Sep 2026; present: 5 promoters and 42 others; votes counted by DEBABRATA DUTT / D. DUTT & CO., COMPANY SECRETARIES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Balance Sheet of the company as at 31st March, 2026 and Statement of Profit & Loss for the financial year ended on that date together with Board of Directors and Auditors'Report thereonMoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.96%

    Turnout: all 46.58% · promoters 100.00% · institutions 99.35% · other public 0.07%

  2. To declare a dividend of Rs. 2.50/- per equity share (25%) for the financial year ended 31st March, 2026
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.96%

    Turnout: all 46.58% · promoters 100.00% · institutions 99.35% · other public 0.07%

  3. To appoint a director in place of Mrs. Pragya Jhunjhunwala (DIN:02315132) who retires by rotation at this AGM and being eligible, has offered herself for re-appointment
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.96%

    Turnout: all 46.58% · promoters 100.00% · institutions 99.35% · other public 0.07%

  4. To approve the remuneration of the Cost Auditors for FY 2026-27
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.96%

    Turnout: all 46.58% · promoters 100.00% · institutions 99.35% · other public 0.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2025, 6 resolutions

17,823 shareholders on the register on 18 Sep 2025; present: 5 promoters and 38 others; votes counted by DEBABRATA DUTT / D. DUTT & CO., COMPANY SECRETARIES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Balance Sheet of the company as at 31st March, 2025 and Statement of Profit & Loss for the financial year ended on that date together with Board of Directors and Auditors'Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 46.64% · promoters 100.00% · institutions 97.21% · other public 0.06%

  2. To declare dividend of Rs. 3.50/- per equity share for the financial year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.32%

    Turnout: all 46.64% · promoters 100.00% · institutions 97.21% · other public 0.06%

  3. To appoint a director in place of Mr. Shrivardhan Goenka (DIN:00030375) who retires by rotation at this AGM and being eligible, has offered himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.44%

    Turnout: all 46.64% · promoters 100.00% · institutions 97.21% · other public 0.06%

  4. To re-appoint Mr. Madhukar Mishra (DIN:00096112) as Managing Director of the company
    Special
    96.39% for3.61% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.44%

    Turnout: all 46.64% · promoters 100.00% · institutions 97.21% · other public 0.06%

  5. To appoint M/s D. Dutt & Co., Company Secretaries as Secretarial Auditors for a term of five consecutive financial years and fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 46.64% · promoters 100.00% · institutions 97.21% · other public 0.06%

  6. To approve the remuneration of cost auditors for FY 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 46.64% · promoters 100.00% · institutions 97.21% · other public 0.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Dec 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve appoibtment of Mr. Anoop Mishra (DIN: 02849054) as Non-executive Independent Director of the company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.56%

    Turnout: all 46.67% · promoters 100.00% · institutions 98.61% · other public 0.12%

  2. To approve appointment of Mr. Atul Mani Sharma (DIN: 10791352) as Non-executive Independent Director of the company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.56%

    Turnout: all 46.67% · promoters 100.00% · institutions 98.61% · other public 0.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2024, 5 resolutions

Present: 5 promoters and 40 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited Balance-Sheet of the company as at 31st March, 2024 & Statement of Profit and Loss for the financial year ended on that date together with Board of Directors and the Auditors' Report thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.56%

    Turnout: all 46.65% · promoters 100.00% · institutions 95.00% · other public 0.07%

  2. Declaration of dividend on equity shares
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 34.54%

    Turnout: all 46.65% · promoters 100.00% · institutions 95.00% · other public 0.07%

  3. To apoint a director in place of Mrs. Pragya Jhunjhunwala (DIN:02315132), who retires by rotation at this AGM and being eligible has offered herself for re-appointment
    Ordinary
    96.36% for3.64% against

    Against: promoters 0.00% · institutions 100.00% · other public 36.32%

    Turnout: all 46.65% · promoters 100.00% · institutions 95.00% · other public 0.07%

  4. Alteration of authorised share capital and amendment in capital clause of the Memorandum of Association (MOA)
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 36.39%

    Turnout: all 46.65% · promoters 100.00% · institutions 95.00% · other public 0.07%

  5. To approve remuneration of the cost auditors for FY 2024-25
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 36.43%

    Turnout: all 46.65% · promoters 100.00% · institutions 95.00% · other public 0.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Jul 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve appointment of Dr. Rishabh Chand Lodha (DIN:07177605) as Non-executive Independent Director of the company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 23.52%

    Turnout: all 46.68% · promoters 100.00% · institutions 99.10% · other public 0.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Sep 2023, 5 resolutions

Present: 5 promoters and 40 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited Balance-Sheet of the company as at 31st March, 2023 & Statement of Profit and Loss for the financial year ended on that date together with Board of Directors and the Auditors' Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 51.58% · promoters 100.00% · institutions 98.77% · other public 9.32%

  2. Declaration of dividend on equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 51.58% · promoters 100.00% · institutions 98.77% · other public 9.32%

  3. Re-appointment of Mr. Shrivardhan Goenka (DIN:00030375), who retires by rotation at this AGM, as a Director of the company
    Ordinary
    96.71% for3.29% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.02%

    Turnout: all 51.29% · promoters 99.35% · institutions 98.77% · other public 9.32%

  4. Appointment of Mr. G.P. Goenka as 'Chairman Emeritus'
    OrdinaryPromoters have an interest in it
    91.45% for8.55% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.02%

    Turnout: all 19.70% · promoters 29.04% · institutions 98.77% · other public 9.32%

  5. To approve remuneration of the cost auditors for FY 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 51.58% · promoters 99.99% · institutions 98.77% · other public 9.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 May 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve appointment of Dr. (Mrs) Sheela Bhide(DIN:01843547) as Non-executive Independent Director of the company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 26.83%

    Turnout: all 46.66% · promoters 100.00% · institutions 94.95% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Sep 2022, 6 resolutions

Present: 5 promoters and 47 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Balance Sheet of the company as at 31st March, 2022 and Statement of Profit & Loss for the financial year ended on that date together with Board of Directors and the Auditors'report thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 47.94% · promoters 100.00% · institutions 73.59% · other public 2.80%

  2. To declare a dividend on equity shares
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 47.94% · promoters 100.00% · institutions 73.59% · other public 2.80%

  3. To appoint a director in place of Mrs. Pragya Jhunjhunwala (DIN: 02315132) who retires by rotation at this AGM and being eligible has offered herself for re-appointment.
    Ordinary
    96.77% for3.23% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.88%

    Turnout: all 47.94% · promoters 100.00% · institutions 73.59% · other public 2.80%

  4. Appointment of Auditors and fixing their remuneration
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 47.94% · promoters 100.00% · institutions 73.59% · other public 2.80%

  5. To re-appoint Mr. Madhukar Mishra (DIN: 00096112) as Managing Director of the company
    Special
    96.77% for3.23% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.88%

    Turnout: all 47.94% · promoters 100.00% · institutions 73.59% · other public 2.80%

  6. To approve the remuneration of the Cost Auditors for FY 2022-23
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 47.94% · promoters 100.00% · institutions 73.59% · other public 2.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeGST DepartmentSince 9 Oct 2024
    The Hon'ble High Court directed to file the appeal before GST Appellate Tribunal. Appeal has been filed before GST Appellate Tribunal, Gaziabad in June'26. Hearing is awaited.
    At the filing before: In appeal Addl. Commissioner (A) reduced the demand to Rs. 72 lacs pertaining to FY 2018-19 vide order 09.10.24 as against Rs. 95 lacs (tax, intt & penalty) imposed by DC, GST Deptt. We preferred appeal against the above order before Hon'ble Allahabad High Court.MoreLess
  • Tax disputeGST DepartmentSince 30 Nov 2024
    Appeal has been filed before GST Appellate Tribunal, Gaziabad in June'26 against the order of Addl. Commissioner (A). Hearing is awaited.
    At the filing before: In appeal, Addl. Commissioner (A) provided partial relief of tax demand pertaining to FY 2019-20 vide order received on 31.12.25.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.