West Coast Paper Mills Ltd

West Coast Paper Mills Ltd: Trading Window Closed from Oct 01, 2026 till 48 hours after the declaration of Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026

AGM Details

• Date: 17 August 2026; Time: 11:20 AM to 1:25 PM.
• Mode: through video conferencing; proxies not applicable.
• Attendance: 151 members via video conference.

Resolutions & Voting

• Resolution 1 (Ordinary): Standalone audited financial statements adopted; passed by requisite majority.
• Resolution 2 (Ordinary): Consolidated audited financial statements adopted; passed.
• Resolution 3 (Ordinary): Dividend declaration approved; (amount detailed in Dividend section).
• Resolution 4 (Ordinary): Saurabh Bangur re-appointed as Director; passed.
• Resolution 5 (Ordinary): Umesh Kini appointed Cost Auditor; remuneration Rs 2,00,000.
• Resolution 6 (Special): Prakash Kacholia re-appointed as Non-Executive Independent Director for second term.
• Resolution 7 (Special): Virendra Bangur re-appointed as Joint Managing Director for 3 years; up to 5% of net profits.
• Resolution 8 (Special): Rajendra Jain re-appointed as Executive Director for 2 years.

Dividend Details

• Dividend of Rs 3 per equity share approved for FY 2025-26.

Director Changes

• Saurabh Bangur re-appointed as Director; retires by rotation.
• Prakash Kacholia re-appointed for second term: 9 Nov 2026–8 Nov 2029.
• Virendra Bangur re-appointed as Joint Managing Director; 3-year term; up to 5%.
• Rajendra Jain re-appointed as Executive Director; 2-year term from 31 July 2026.

Auditor Appointments

• Cost Auditor appointed: Umesh Kini; remuneration Rs 2,00,000 for FY 2026-27.

AGM Details

• 71st AGM held on August 17, 2026 at 11:30 IST via VC/OAVM.
• Remote e-voting available August 14–16, 2026; AGM e-voting also offered.
• Quorum achieved; meeting conducted via VC with board and key auditors present.
• Meeting duration about two hours.

Resolutions

• Resolution 1: Adopt standalone audited financial statements for FY ended 31 March 2026.
• Resolution 2: Adopt consolidated audited financial statements for FY ended 31 March 2026.
• Resolution 3: Declare dividend on equity shares for FY ended 31 March 2026.
• Resolution 4: Re-appoint Saurabh Bangur, who retires by rotation.
• Resolution 5: Appoint Umesh Kini as Cost Auditor and ratify remuneration for 2026-27.
• Resolution 6: Re-appoint Prakash Kacholia as Non-Executive Independent Director.
• Resolution 7: Re-appoint Virendra Bangur as Joint Managing Director.
• Resolution 8: Re-appoint Rajendra Jain as Executive Director.

Voting Results

• Resolution 1 passed with overwhelming support.
• Resolution 2 passed with overwhelming support.
• Resolution 3 dividend approved.
• Resolution 4 director re-appointment approved.
• Resolution 5 cost auditor appointment and remuneration ratification approved.
• Resolution 6 independent director approved; minor dissent.
• Resolution 7 joint managing director approved; notable dissent.
• Resolution 8 executive director approved; some dissent.

Dividend

• Dividend on equity shares approved; amount per share not disclosed.

Directors

• Re-appointment of Prakash Kacholia as Non-Executive Independent Director.
• Re-appointment of Virendra Bangur as Joint Managing Director.
• Re-appointment of Rajendra Jain as Executive Director.
• Re-appointment of Saurabh Bangur approved.

Auditors

• Cost Auditor Umesh Kini appointed; remuneration ratification for 2026-27.
• Statutory auditor Singhi & Co. and Secretarial auditor NGJ & Co. delivered unqualified opinions.

Financial Highlights

• Consolidated revenue ₹1,051.26 cr; QoQ -16%
• Consolidated EBITDA ₹247.97 cr; QoQ +55%
• Consolidated PAT ₹141.84 cr; QoQ +163%
• Consolidated PAT margin 13% (vs 4% prior quarter)
• Consolidated EPS ₹20.21; QoQ +157%
• Standalone revenue ₹638.10 cr; QoQ -10%
• Standalone EBITDA ₹170.60 cr; QoQ +45%
• Standalone PAT ₹108.68 cr; QoQ +122%
• Standalone PAT margin 17% (vs 7% prior quarter)
• Standalone EPS ₹16.45; QoQ +122%

Operational drivers & outlook

• Performance driven by Paper Division efficiency and higher realizations with Cable Division mix
• Management to optimize operational efficiencies for sustainable long-term growth

Financial results

• Unaudited standalone and consolidated Q1 2026 results approved.
• Limited Review by Singhi & Co; results to be published on website/newspapers.
• Consolidated results include three subsidiaries, not reviewed by Singhi; other auditors reviewed.

Operational updates

• Andhra Paper Kadiyam Unit suspended Apr 27, 2026; lockout May 1; partial restart Jul 15 at 93% capacity.
• Board meeting held Aug 12, 2026; results reviewed by Audit Committee.
• Auditors' reviews conclude no material misstatement; no emphasis of matter.

Meeting Details

• Date: August 12, 2026; time not disclosed; held via video conference.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closure referenced; no dates specified in this filing.