West Coast Paper Mills Concludes 71st AGM: Approves Financials and Dividend
West Coast Paper Mills held its 71st AGM on August 17, 2026. Financials for FY26 were approved, and a dividend of ₹3 per share was declared. Key re-appointments included Shri Saurabh Bangur, Shri Prakash Kacholia, Shri Virendraa Bangur, and Shri Rajendra Jain. Shri Umesh Kini was appointed Cost Auditor.
The AGM's outcomes include dividend declaration and re-appointment of directors and key management personnel, which are standard corporate governance events. While positive, they do not represent a significant strategic shift or a major financial event that would drastically alter the company's trajectory in the short term.
The announcement details the successful conclusion of the AGM, approval of financial statements, declaration of dividend, and re-appointment of key personnel. The Chairman's address also highlights positive financial performance and future outlook, indicating a favorable outcome for shareholders.
West Coast Paper Mills Limited held its 71st Annual General Meeting (AGM) on August 17, 2026, through video conferencing. The meeting commenced at 11:20 AM and concluded at 12:50 PM.
The AGM focused on adopting the standalone and consolidated audited financial statements for the financial year ended March 31, 2026. Shareholders approved a dividend of ₹3.00 per equity share (150% on equity shares of ₹2 face value).
Key appointments and re-appointments were also approved. Shri Saurabh Bangur was re-appointed as Director, retiring by rotation. Shri Umesh Kini was appointed as the Cost Auditor for FY 2026-27 with a remuneration of ₹2,00,000 plus applicable taxes. Shri Prakash Kacholia was re-appointed as Non-Executive Independent Director for a second term from November 9, 2026, to November 8, 2029. Shri Virendraa Bangur was re-appointed as Joint Managing Director for a further period of three years from June 26, 2026, to June 25, 2029. Shri Rajendra Jain was re-appointed as Executive Director for two years from July 31, 2026.
The Chairman, Shri S.K. Bangur, highlighted the company's performance in FY 2025-26, with revenue from operations of ₹2,498 Crore and Profit After Tax of ₹154 Crore, maintaining a healthy EBITDA margin of 15%. The company's net worth stands at ₹2,824 Crore with negligible debt. The paper division achieved near full-capacity utilization, producing 3,19,933 MT, while the cable division also showed encouraging performance. The company is investing in improving its paper division and expanding its cable business product portfolio. Future outlook for both paper and cable businesses remains positive, driven by government initiatives and growing demand.
A plain-language summary of a public exchange filing by West Coast Paper Mills Limited. Read the original for the full detail.