West Coast Paper Mills Limited has informed the Exchange regarding 'Proceedings of 70th AGM, Voting Results and Scrutinizer's Report'.
WSTCSTPAPR · price
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West Coast Paper Mills Limited held its 70th Annual General Meeting on August 28, 2025, at 11:30 AM via Video Conferencing, with all six resolutions passed successfully. The shareholders approved the standalone and consolidated audited financial statements for FY ending March 31, 2025, with over 99.99% votes in favour. A dividend on equity shares for FY 2024-25 was declared with 99.999% approval. Re-appointment of Shri Rajendra Jain as Director (retiring by rotation) was approved with 96.84% votes in favour, though 3.16% of institutional shareholders voted against it. The appointment of Shri Umesh Kini as Cost Auditor and M/s N G J & Co. as Secretarial Auditor were also passed with near-unanimous support. Both the Statutory Auditor (Singhi & Co.) and Secretarial Auditor (Naman G. Joshi) issued unqualified opinions with no qualifications on the financial statements.
All key resolutions were passed with overwhelming shareholder support, including the dividend declaration and financial statement adoption, indicating strong investor confidence. The minor dissent (3.16%) on Rajendra Jain's re-appointment from institutional shareholders is routine and unlikely to materially affect the stock. The unqualified audit opinions reinforce governance and financial transparency for shareholders.