Star Paper Mills Limited has informed the Exchange regarding 'appointment of secretarial auditors'.
STARPAPER · price
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for the quarter ended June 30, 2025. The 86th Annual General Meeting is scheduled for September 25, 2025, with September 18, 2025 fixed as the record date for dividend eligibility. A dividend of Rs. 3.50 per equity share (35%) for FY25 has been proposed, subject to shareholder approval at the AGM. The Audit & Risk Management Committee was reconstituted by adding Mr. Atul Mani Sharma (Independent Director) as a member. M/s D. Dutt & Co., Company Secretaries, Kolkata, a 24-year-old peer-reviewed firm led by Mr. Debabrata Dutt, was appointed as Secretarial Auditor for 5 consecutive years from FY 2025-26 to FY 2029-30, with proposed remuneration of Rs. 85,000 plus taxes for the first year.
This is a routine governance update. The dividend of Rs. 3.50 per share is a moderate yield event for shareholders. The new secretarial auditor appointment and committee changes are standard compliance matters and are unlikely to materially move the stock price.