West Coast Paper Mills Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
WSTCSTPAPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
West Coast Paper Mills Limited has announced the results of its postal ballot conducted via e-voting from March 9 to April 7, 2026. Two special resolutions were passed with shareholder approval. Resolution 1 approved the re-appointment of Smt. Sudha Bhushan as Non-Executive Independent Director with 99.68% votes in favor (47.13 million votes). Resolution 2 approved the re-appointment of Shri S. K. Bangur as Chairman & Managing Director with 84.41% votes in favor (39.91 million votes). Notably, public institutional investors showed significant opposition to Resolution 2, with 74.58% of their votes against (7.37 million votes), though promoter support (100%) ensured passage. The resolutions are deemed passed as of April 7, 2026.
Board continuity maintained for both directors. The substantial institutional opposition to the CMD's re-appointment (15.59% overall against) may signal some shareholder concerns worth monitoring, though the resolution passed with the required special majority.