West Coast Paper Mills Limited has informed the Exchange with copy of minutes of Postal Ballot
WSTCSTPAPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
West Coast Paper Mills Limited has filed the minutes of a postal ballot conducted through remote e-voting from March 9 to April 7, 2026. Two special resolutions were passed: (1) Re-appointment of Smt. Sudha Bhushan as Non-Executive Independent Director for 3 years from May 19, 2026 to May 18, 2029, approved by 99.68% of votes (47.13 million votes in favor out of 47.28 million valid votes). (2) Re-appointment of Shri S.K. Bangur as Chairman & Managing Director for 5 years from May 1, 2026 to April 30, 2031, approved by 84.41% of votes (39.91 million in favor out of 47.28 million valid votes). The CMD, who has attained 76 years of age, is eligible for annual remuneration including commission up to 5% of net profits exceeding Rs. 5 crore. The scrutinizer confirmed valid results on April 8, 2026.
Both resolutions passed successfully. The independent director appointment received near-unanimous support indicating strong shareholder confidence. However, the CMD appointment saw notable 15.59% dissent (7.37 million votes against), possibly due to his age and high remuneration package. This dissent signal should be monitored for governance implications.