Star Paper Mills Limited has submitted the Exchange a copy of Voting results and Srutinizer's report on resolutions of Annual General Meeting held on September 25, 2025
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Star Paper Mills Limited has submitted the voting results and Scrutinizer's report for its 86th AGM held on September 25, 2025 via video conferencing. All six resolutions were passed with the required majority. Key items approved include adoption of the audited financial statements for FY ending March 31, 2025, declaration of a dividend of Rs. 3.50 per equity share, re-appointment of Mr. Shrivardhan Goenka as Director, re-appointment of Mr. Madhukar Mishra as Managing Director, appointment of M/s D. Dutt & Co. as Secretarial Auditors for five years, and approval of Cost Auditor remuneration for FY 2025-26. Voting was conducted through remote e-voting and Insta Poll, with 75 shareholders participating and approximately 7.28 million votes polled. While five resolutions saw near-unanimous approval (around 99.99% in favor), the Managing Director's re-appointment received comparatively lower support at 96.39% in favor, with about 2.63 lakh votes against.
Shareholders have approved a Rs. 3.50 per share dividend, providing a tangible return. The MD re-appointment saw some notable dissent (~3.6%), which is mildly noteworthy but not material. Overall, the resolutions are routine governance items with no significant negative implications for shareholders.