Re-appointment of Directors
WSTCSTPAPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.4 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors meeting on May 27, 2026 approved audited financial results for FY26 and re-appointed three directors. Standalone net profit for FY26 was Rs 15,353.34 lakhs, down from Rs 28,470.66 lakhs in FY25 due to lower other income. Consolidated net profit was Rs 15,572.62 lakhs. The board recommended a dividend of Rs 3 per share (150%), lower than Rs 5 per share in FY25. Three directors were re-appointed: Shri Prakash Kacholia as Independent Director (3-year term from Nov 2026), Shri Rajendra Jain as Executive Director (2-year term from July 2026), and Shri Virendraa Bangur as Joint Managing Director (3-year term from June 2026). Statutory auditors Singhi & Co. issued an unmodified opinion. Note: Andhra Paper subsidiary has a lockout at its Kadiayam plant due to an illegal strike by contract workers.
Positive for governance continuity as all three key directors retained. However, profit decline and subsidiary lockout may create near-term operational concerns. Dividend cut from Rs 5 to Rs 3 per share signals lower cash distribution.