West Coast Paper Mills Limited has informed the Exchange that Board of Directors at its meeting held on May 23, 2025, recommended Final Dividend of Rs. 5 per equity share.
WSTCSTPAPR · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.0 pts more 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 of West Coast Paper Mills Limited met on May 23, 2025, and recommended a Final Dividend of Rs. 5 per equity share for the financial year. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The record date and payment timeline will be announced separately by the company. West Coast Paper Mills is one of the leading paper manufacturers in India, and a dividend recommendation signals healthy cash flows and profitability for the year.
Shareholders holding shares on the record date will receive Rs. 5 per share as dividend once approved at the AGM. This is a positive signal of stable earnings and shareholder-friendly capital allocation, though the stock price may adjust downward by the dividend amount on the ex-date.