WSTCSTPAPRBSEWest Coast Paper Mills LtdMediumNeutral
Announced Wed, 27 May · 18:45 IST

Re-appointment of Directors

Management Changes View source PDF

WSTCSTPAPR · price

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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹510.00
prior close
₹522.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.7-2.6-2.9-3.1+0.6+2.2+2.1+0.7+0.4-0.6+1.0+1.0
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AI summary

West Coast Paper Mills Ltd's Board of Directors approved re-appointment of three directors in their meeting on May 27, 2026. Shri Prakash Kacholia, a Non-Executive Independent Director, is re-appointed for a second term of 3 years from November 2026. Shri Rajendra Jain, Executive Director, is re-appointed for 2 years from July 2026. Shri Virendraa Bangur, Joint Managing Director, is re-appointed for 3 years from June 2026. All three re-appointments are subject to shareholder approval. Prakash Kacholia is a Chartered Accountant with 30+ years in capital markets and serves on BSE and NSE advisory committees. Rajendra Jain brings expertise in operations, strategic planning, and business process re-engineering. Virendraa Bangur belongs to the Bangur promoter family and is related to S K Bangur and Smt. Shashi Bangur.

Likely market impact

This is a routine governance update with no material change in leadership or strategy. The continuation of experienced directors provides stability. Virendraa Bangur's re-appointment reinforces promoter family involvement in management. Shareholders will vote on these appointments at the upcoming general meeting.