Star Paper Mills Launches 'Saksham Niveshak' Campaign

Star Paper Mills Limited has launched a 100-day shareholder campaign called "Saksham Niveshak." The initiative runs from April 1, 2026, to July 9, 2026. It aims to guide investors on updating their Know Your Customer (KYC) details and claiming any unpaid dividends. The campaign's primary goal is to help shareholders retain their assets by preventing shares and unclaimed dividends from being transferred to the Investor Education & Protection Fund (IEPF).

Why This Matters for Investors

This initiative provides shareholders with a clear deadline to take action and secure their assets. By ensuring their KYC is up-to-date and claiming any outstanding dividends, investors can avoid the permanent transfer of their holdings to the IEPF.

Company's Objective

For Star Paper Mills, this campaign helps maintain accurate shareholder records and manage assets more effectively.

Understanding the IEPF

The Investor Education and Protection Fund (IEPF) is a government body that holds funds and shares unclaimed for a set period, typically seven years. Companies are increasingly proactive in helping investors reclaim these assets before this mandatory transfer occurs.

How Shareholders Can Act

Investors need to update their KYC information, including PAN, email, address, and mobile number. Those who haven't received declared dividends should start the claim process. Shareholders with physical shares should contact the company's Registrar & Transfer Agent, KFin Technologies Limited. Investors with dematerialized shares must work through their Depository Participants (DPs). The critical deadline for all these actions is July 9, 2026.

Consequences of Inaction

Shareholders who fail to update their details or claim dividends by July 9, 2026, risk permanently losing their assets. These will be transferred to the IEPF, requiring a more complex process to recover later.

Industry Context

This focus on unclaimed investor assets is common. Major companies like Reliance Industries, TCS, and HDFC Bank also deal with substantial amounts eligible for IEPF transfer. Companies in the paper sector, such as Grasim Industries and E.I.D. Parry (India) Limited, have also highlighted their processes related to the IEPF, indicating a sector-wide emphasis on investor asset management.

What to Track Next

Shareholders should aim to complete their KYC updates and dividend claims before the July 9, 2026, deadline. They should seek confirmation of successful updates. It is also advisable to monitor any further communications from Star Paper Mills about the campaign and, after the deadline, any announcements regarding the total value transferred to the IEPF.