West Coast Paper Mills Limited has informed the Exchange regarding Change in Director(s) of the company.
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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West Coast Paper Mills reported audited FY2026 standalone revenue of Rs 2,49,849 lakh (flat vs FY25), but profit before tax dropped 38% to Rs 22,802 lakh. Consolidated revenue grew 5.3% to Rs 4,27,879 lakh, though PAT fell sharply from Rs 33,564 lakh to Rs 15,573 lakh (down 54%). The board recommended a lower dividend of Rs 3 per share (150%) versus Rs 5 per share (250%) last year. Statutory auditors Singhi & Co. issued an unmodified (clean) audit opinion. Three directors were re-appointed: Prakash Kacholia (Independent Director), Rajendra Jain (Executive Director), and Virendraa Bangur (Joint Managing Director). A subsequent event note reveals a lockout at subsidiary Andhra Paper Limited's Kadiyam plant since May 1, 2026, following an illegal strike by contract workers from April 27.
Sharp profit decline despite stable standalone revenue signals margin compression and higher input costs, which may pressure near-term stock performance. The dividend cut reflects the challenging profitability environment. The ongoing lockout at a key subsidiary adds operational uncertainty.