West Coast Paper Mills initiates KYC updation campaign

1 min read     Updated on 31 May 2026, 04:44 AM
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Shriram SScanX News Team
AI Summary

West Coast Paper Mills Limited announced the 'Saksham Niveshak' campaign for KYC updation to prevent unclaimed dividends from being transferred to the IEPF. Following a directive from the Ministry of Corporate Affairs, the company urges shareholders to update their details via the RTA or company website by accessing the provided formats.

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West Coast Paper Mills Limited has launched the Second 100 Days Campaign, titled 'Saksham Niveshak', to ensure KYC compliance and prevent the transfer of unpaid or unclaimed dividends to the Investor Education and Protection Fund (IEPF). The initiative follows a communication received via email on March 27, 2026, from the IEPF under the Ministry of Corporate Affairs, Government of India. The company has already dispatched a letter to shareholders on April 22, 2026, regarding this matter.

Shareholders are required to submit their KYC and other related updations to the Registrar and Transfer Agent (RTA) or the company immediately. The necessary formats for these updations are available on the website of the RTA, MUFG Intime India Pvt. Ltd., and the official website of west coast paper mills .

Key Dates and Actions

Event Date
IEPF Communication March 27, 2026
Letter to Shareholders April 22, 2026
Notice Date May 29, 2026

The company has made available the list of shareholders with discrepancies and the original letter from the IEPF on its website under the Investor Information section. Investors can access these documents to verify their status and take necessary action.

Resources for Shareholders

Shareholders can download the required KYC formats from the MUFG Intime India Pvt. Ltd. website. Additionally, the company’s investor relations portal provides access to compliance documents and the specific list of affected shareholders. For any queries or assistance, investors may contact the company via email at co.sec@westcoastpaper.com .

Historical Stock Returns for West Coast Paper Mills

1 Day5 Days1 Month6 Months1 Year5 Years
+3.30%+6.73%+6.24%+18.82%+4.90%+134.19%

What are the potential financial implications for West Coast Paper Mills if a significant portion of unclaimed dividends is transferred to the IEPF?

How might this compliance campaign impact shareholder sentiment and investor confidence in the company's governance practices?

Could this initiative by West Coast Paper Mills set a precedent for other companies facing similar IEPF compliance requirements?

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West Coast Paper Mills FY26 net profit falls 54%

1 min read     Updated on 29 May 2026, 09:10 AM
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Reviewed by
Suketu GScanX News Team
AI Summary

West Coast Paper Mills reported a 54% decline in FY26 net profit to ₹155.73 crore, while revenue rose 5% to ₹4,278.79 crore. The board recommended a dividend of ₹3 per share, lower than the previous year's ₹5 per share.

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West Coast Paper Mills Limited reported a consolidated net profit of ₹155.73 crore for the financial year ended March 31, 2026, a decline of 54% compared to ₹335.64 crore in the previous year. Revenue from operations for FY26 stood at ₹4,278.79 crore, a 5% increase from ₹4,062.29 crore in FY25. The board recommended a dividend of ₹3 per share (150%) for the financial year ended March 31, 2026, subject to shareholder approval, lower than the ₹5 per share (250%) declared in the previous year.

Quarterly Performance

For the quarter ended March 31, 2026 (Q4FY26), the company reported a consolidated net profit of ₹53.98 crore, an increase of 82% from ₹29.58 crore in the preceding quarter. Revenue rose 20% quarter-on-quarter to ₹1,245.30 crore. Standalone net profit for Q4FY26 was ₹48.86 crore, compared to ₹18.61 crore in Q3FY26. The statutory auditors, M/s Singhi & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Segment Performance

The Paper and Paper Board segment reported revenue of ₹3,93,708.11 lakh for FY26, while the Telecommunication Cables segment recorded revenue of ₹34,164.13 lakh. The company noted that higher volumes with a better product mix and operational efficiency contributed to the improved performance in the current quarter compared to the previous quarter. In the Cable division, the backward integrated draw tower has stabilised and is expected to provide strong operational support to the Optical Fiber Plant.

Financial Metrics (Consolidated, ₹ in Crores) FY26 FY25 Change
Revenue from Operations 4,278.79 4,062.29 5%
Net Profit 155.73 335.64 -54%
EPS 22.80 47.11 -52%

Historical Stock Returns for West Coast Paper Mills

1 Day5 Days1 Month6 Months1 Year5 Years
+3.30%+6.73%+6.24%+18.82%+4.90%+134.19%

What specific cost pressures or market conditions caused the 54% decline in annual net profit despite revenue growth?

How will the stabilization of the backward integrated draw tower impact the Cable division's margins and market share in the coming year?

Is the reduction in dividend payout a strategic move to conserve capital for future expansion or a reflection of expected lower cash flows?

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1 Year Returns:+4.90%