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Star Paper Mills Ltd logo

Star Paper Mills Ltd

NSE: STARPAPER BSE: 516022

₹140.10

(-1.96%)

Wed, 04 Mar 2026, 10:16 pm

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Company History

1936

  • The Company was Incorporated on 31st August, at Calcutta.
  • The Company's object is to manufacture writing, printing and packaging paper including M.G. Kraft Paper.
  • The products are sold under the trade name `Star'.

1972

  • 24,640 convertible III pref. shares were converted into 2,46,400 No. of equity shares.
  • The remaining 4,616 III pref. shares were redeemed on 1.4.1974.
  • 7% III pref. shares were reclassified as 9.8% II pref. shares from 1.1.1974.

1976

  • 40,000 No. of equity shares were issued at par to IFCI on conversion of loan.

1977

  • 110 forfeited equity shares were reissued.

1978

  • 8,96,875 bonus equity shares were issued in the proportion 1:2.

1984

  • The expansion programme was fully carried out with the completion of second stage modernisation of Effluent Treatment Plant.
  • The Company took up a scheme of Modernisation-cum-Renovation to improve the performance of various sections.

1986

  • The company came under the provisions of Sick Industrial Companies (Sp. Prov.) Act, 1985 and a reference was made to BIFR.
  • BIFR appointed IFCI as the operating agency for preparation of viability report.
  • Rate of dividend on II pref. shares was raised to 15% effective from 1.6.1986 and redemption date extended to 1.6.1993.

1988

  • The production and sales were adversely affected due to strike by workmen from 10th October to 28th January, 1989.
  • Under the Modernisation-cum-Renovation scheme, a bleaching plant was installed and commissioned towards the end of the year.

1990

  • As per the orders of BIFR, the promoters brought in equity share capital worth Rs.258 lakhs and equity shares for that amount were allotted.
  • Another modernisation scheme was undertaken as part of the revival package.
  • As per the orders of BIFR, 25,80,000 shares were allotted at par to promoters as on 31st March 1991.

1992

  • Production declined marginally to 50,151 tonnes due to temporary shutdown of the recovery boiler and shortage of certain essential inputs.
  • 6,00,000 No. of equity shares were allotted at par to financial institutions in conversion of loans on 6.7.1992.
  • 15% II pref. shares were redeemed on 1.6.1993.

1993

  • The Company proposed to undertake a modernisation-cum-renovation scheme.
  • The Company ceased to be a sick Company with effect from 15.2.93.
  • Authorised capital was increased.
  • 10,000 cumulative redeemable preference shares were redeemed on 1st October.

1995

  • Equipments such as Rotary Lime Kiln for reburning of lime sludge, causticizing plant, digesters, electrostatic precipitators etc. were installed and commissioned.
  • 97,37,725 No. of equity shares were issued through prospectus on a Rights basis.

1996

  • The company commissioned its state-of-the-art chemical recovery boiler and an evaporator plant.
  • The company allotted 38,70,600 No. of equity shares of Rs.10 each at a premium of Rs.50 per share to the public.
  • The company allotted 58,67,125 No. of equity shares of Rs.10 each at a premium of Rs.45 per share on a rights basis.

2003

  • The Board approved the delisting of equity shares of the Company from The Delhi Stock Exchange Association Ltd, The U.P Stock Exchange Association Ltd, Kanpur and The Stock Exchange, Ahmedabad.
  • The Stock Exchange, Ahmedabad granted permission for delisting of shares of the company.
  • IFCI Limited withdrew the nomination of Mr. D.U. Rao from the Board of Directors of the company effective December 5, 2003.

2004

  • The company's securities were delisted from the Delhi Stock Exchange (DSE) effective February 11, 2004.

2006

  • Mr. M. C. Gupta, Company Secretary, was appointed as the Compliance Officer of the company.

2008

  • The Registered Office of the Company was shifted to Duncan House, 2nd Floor, 31, Netaji Subhas Road, Kolkata 700 001.

2010

  • Sh. M. P. Pinto was appointed as additional director of the Company.

2011

  • The company recommended a dividend of Re.0.50 per share.

2014

  • Sh. Kailash Nath Bhandari was appointed as additional director of the company.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800