West Coast Paper Mills Limited has informed the Exchange regarding '70th AGM Proceedings, Voting Results and Scrutinizer's Report'.
WSTCSTPAPR · price
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West Coast Paper Mills Limited held its 70th AGM on August 28, 2025 via video conferencing, which concluded at 12:58 PM. Six resolutions were put to vote, and all were passed with overwhelming approval. Resolutions included adoption of standalone and consolidated audited financial statements for FY2024-25, declaration of a dividend on equity shares, and re-appointment of Shri Rajendra Jain as Director (who retires by rotation). Additionally, Shri Umesh Kini was appointed as Cost Auditor for FY2025-26 and M/s N G J & Co. was appointed as Secretarial Auditor. Both the Statutory Auditor (Singhi & Co.) and Secretarial Auditor issued unqualified opinions with no qualifications or adverse comments on the financial statements for FY2024-25. The meeting saw participation from 15 promoter group members and 80 public shareholders via video conference, out of 51,995 total shareholders on record. The re-appointment of Shri Rajendra Jain received slightly lower support at 96.84% in favor, with institutional investors showing some dissent (84.76% in favor, 15.24% against), while all other resolutions passed with over 99.99% approval.
All resolutions passed decisively, confirming smooth corporate governance and shareholder confidence in the company's leadership. The dividend declaration is positive for shareholders seeking income. The relatively lower approval percentage for Shri Rajendra Jain's re-appointment (96.84% versus over 99.99% for other resolutions) reflects some institutional investor dissent but is still well within passing thresholds and unlikely to materially impact the stock.