Integrated Filing — IndAS



General information about company
Scrip Code 516022
NSE Symbol STARPAPER
MSEI Symbol NOTLISTED
ISIN INE733A01018
Name of company STAR PAPER MILLS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment PAPER AND PAPER BOARD
Start date and time of board meeting 29-May-2025   16:05:00
End date and time of board meeting 29-May-2025   17:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-29
Indicate Company website link for updated RPT policy of the Company www.starpapers.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No loan taken by the company



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1140851000 4363350000
Other income 11407000 239392000
Total income 1152258000 4602742000
2 Expenses
(a) Cost of materials consumed 404895000 2020094000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 188758000 177793000
(d) Employee benefit expense 74367000 307316000
(e) Finance costs 2412000 9641000
(f) Depreciation, depletion and amortisation expense 22512000 63895000
(f) Other Expenses
1 power and fuel 177634000 695908000
2 Other Expenses 193141000 793664000
Total other expenses 370775000 1489572000
Total expenses 1063719000 4068311000
3 Total profit before exceptional items and tax 88539000 534431000
4 Exceptional items 0 0
5 Total profit before tax 88539000 534431000
6 Tax expense
7 Current tax 39699000 129614000
8 Deferred tax -1269000 -6628000
9 Total tax expenses 38430000 122986000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 50109000 411445000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 50109000 411445000
17 Other comprehensive income net of taxes -3711000 -12741000
18 Total Comprehensive Income for the period 46398000 398704000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 156083000 156083000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 6652956000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.21 26.36
Diluted earnings (loss) per share from continuing operations 3.21 26.36
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.21 26.36
Diluted earnings (loss) per share from continuing and discontinued operations 3.21 26.36
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 4236834000
Capital work-in-progress 17927000
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 153629000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 17740000
Total non-current financial assets 171369000
Deferred tax assets (net) 0
Other non-current assets 114366000
Total non-current assets 4540496000
2 Current assets
Inventories 1353808000
Current financial asset
Current investments 1880870000
Trade receivables, current 58449000
Cash and cash equivalents 226462000
Bank balance other than cash and cash equivalents 77860000
Loans, current 0
Other current financial assets 13413000
Total current financial assets 2257054000
Current tax assets (net)
Other current assets 73667000
Total current assets 3684529000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 8225025000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 156083000
Other equity 6652956000
Total equity attributable to owners of parent 6809039000
Non controlling interest
Total equity 6809039000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 98369000
Total non-current financial liabilities 98369000
Provisions, non-current 36538000
Deferred tax liabilities (net) 707850000
Deferred government grants, Non-current 0
Other non-current liabilities 39928000
Total non-current liabilities 882685000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 105576000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 106571000
Total Trade payable 212147000
Other current financial liabilities 217448000
Total current financial liabilities 429595000
Other current liabilities 81276000
Provisions, current 5754000
Current tax liabilities (Net) 16676000
Deferred government grants, Current 0
Total current liabilities 533301000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1415986000
Total equity and liabilites 8225025000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit and loss -1437000 -11155000
Total Amount of items that will not be reclassified to profit and loss -1437000 -11155000
2 Income tax relating to items that will not be reclassified to profit or loss 2274000 1586000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -3711000 -12741000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 534431000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 9641000
Adjustments for decrease (increase) in inventories -199000000
Adjustments for decrease (increase) in trade receivables, current -19403000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 12151000
Adjustments for other financial assets, current -24565000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 24822000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 63895000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current -28773000
Adjustments for unrealised foreign exchange losses gains 9000
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -99135000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -260358000
Net cash flows from (used in) operations 274073000
Dividends received 0
Interest paid 0
Interest received -12007000
Income taxes paid (refund) 113680000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 148386000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 37819000
Proceeds from sales of investment property 1289496000
Purchase of investment property 1275951000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 7090000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 62012000
Net cash flows from (used in) investing activities 44828000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 6750000
Dividends paid 62381000
Interest paid 6264000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -75395000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 117819000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 117819000
Cash and cash equivalents cash flow statement at beginning of period 108643000
Cash and cash equivalents cash flow statement at end of period 226462000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 LODHA & CO., LLP, CHARTERED ACCOUNTANTS Yes 31-Mar-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 STAR PAPER MILLS LIMITED KAVITA MARKETING PRIVATE LIMITED Director having control Any other transaction rent paid or provided 551000 approved by audit committee 336000 0 319000 Textual Information(1)
2 STAR PAPER MILLS LIMITED MRS. MADHU MISHRA relative of KMP Any other transaction car lease rental paid 2148000 approved by audit committee 1074000 208000 208000 Textual Information(2)
3 STAR PAPER MILLS LIMITED MR. G.P. GOENKA Relative of Director Purchase of goods or services 34200000 approved by audit committee 17100000 3078000 0 Textual Information(3)
4 STAR PAPER MILLS LIMITED MR. S.V. GOENKA Director Any other transaction sitting fees as approved from time to time by Board/Committee 160000 0 0
5 STAR PAPER MILLS LIMITED MRS. PRAGYA JHUNJHUNWALA Director Any other transaction sitting fees as approved from time to time by Board/Committee 120000 0 0
6 STAR PAPER MILLS LIMITED DR. R.C. LODHA Independent director Any other transaction sitting fees as approved from time to time by Board/Committee 280000 0 0
7 STAR PAPER MILLS LIMITED MR. ANOOP MISHRA Independent director Any other transaction sitting fees as approved from time to time by Board/Committee 240000 0 0
8 STAR PAPER MILLS LIMITED MR. ATULMANI SHARMA Independent director Any other transaction sitting fees as approved from time to time by Board/Committee 120000 0 0
9 STAR PAPER MILLS LIMITED MR. MADHUKAR MISHRA KMP Remuneration as per approved terms of appointment 32326000 1427000 760000
10 STAR PAPER MILLS LIMITED MR. SANJEEV KUMAR GARG KMP Remuneration as per approved terms of appointment 2511000 179000 162000
11 STAR PAPER MILLS LIMITED MR. SAURABH ARORA KMP Remuneration as per approved terms of appointment 1429000 115000 99000
12 STAR PAPER MILLS LIMITED ISG TRADERS LIMITED STAR is associate of ISG Any other transaction brand usage fees 0.75% of turnover approved by the Audit Committee 15447000 0 0 Textual Information(4)
13 STAR PAPER MILLS LIMITED ISG TRADERS LIMITED STAR is associate of ISG Any other transaction security deposit recd security deposit recd 0 500000 500000
14 STAR PAPER MILLS LIMITED ISG TRADERS LIMITED STAR is associate of ISG Any other transaction interest payable interest payable 0 677000 0
15 STAR PAPER MILLS LIMITED KAVITA MARKETING PRIVATE LIMITED Director having control Any other transaction security deposit given security deposit given 0 3500000 3500000
16 STAR PAPER MILLS LIMITED MRS. MADHU MISHRA relative of KMP Any other transaction security deposit given security deposit given 0 1400000 1400000
Total value of transaction during the reporting period 71143000



Text Block
Textual Information(1) value of transaction is exclusive of GST and actual electricity bill etc.
Textual Information(2) value of transaction is exclusive of GST.
Textual Information(3) value of transaction is exlusive of GST.
Textual Information(4) value of transaction is exclusive of GST.