Star Paper Mills announced that the 79th Annual General Meeting (AGM) of the company will be held on 13 August 2018.

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Star Paper Mills announced that the Board of Directors of the Company at its meeting held on 21 May 2018, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Net profit of Star Paper Mills declined 24.64% to Rs 14.01 crore in the quarter ended March 2018 as against Rs 18.59 crore during the previous quarter ended March 2017. Sales rose 8.28% to Rs 93.98 crore in the quarter ended March 2018 as against Rs 86.79 crore during the previous quarter ended March 2017.

For the full year,net profit declined 10.11% to Rs 54.26 crore in the year ended March 2018 as against Rs 60.36 crore during the previous year ended March 2017. Sales rose 6.91% to Rs 346.58 crore in the year ended March 2018 as against Rs 324.18 crore during the previous year ended March 2017.

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Meanwhile, the S&P BSE Sensex was down 46.52 points, or 0.14% to 33,810.26.

On the BSE, 15,000 shares were traded in the counter so far compared with average daily volumes of 15,000 shares in the past two weeks. The stock had hit a high of Rs 230.20 and a low of Rs 223.40 so far during the day. The stock hit a record high of Rs 318.20 on 16 January 2018. The stock hit a 52-week low of Rs 134.70 on 23 March 2017.

Shares of Star Paper Mills surged 16.56% in four trading sessions to settle at Rs 231.95 yesterday, 13 March 2018, from its close of Rs 199 on 7 March 2018.

Net profit of Star Paper Mills declined 9.60% to Rs 12.06 crore on 11.06% rise in net sales to Rs 87.07 crore in Q3 December 2017 over Q3 December 2016.

Star Paper Mills produces a wide range of industrial, packaging and cultural papers.

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