West Coast Paper Mills Limited has announced February 27, 2026 as the cut-off date for determining shareholder eligibility for its upcoming postal ballot e-voting process. The company communicated this decision to both major stock exchanges through an official notice dated February 16, 2026.

Cut-off Date and Voting Process

The company has designated Friday, February 27, 2026 as the record date for identifying shareholders and beneficial owners eligible to participate in the postal ballot through electronic voting. This cut-off date will determine which investors are entitled to receive the postal ballot notice and cast their votes on the proposed resolutions.

Key Re-appointment Proposals

The postal ballot will seek shareholder approval for two significant leadership re-appointments within the company's board structure. Shareholders will vote on special resolutions concerning the continuation of key executive positions.

The proposed re-appointments include:

• Smt. Sudha Bhushan as Independent Non-Executive Director
• Shri S K Bangur as Chairman and Managing Director

Regulatory Compliance

West Coast Paper Mills Limited formally notified both BSE Limited and National Stock Exchange of India Limited about the cut-off date announcement. The communication was signed by Brajmohan Prasad, Company Secretary & Compliance Officer, ensuring proper regulatory compliance under applicable listing requirements.

Company Background

West Coast Paper Mills Limited operates from its registered and works office located in Dandeli, Karnataka. The company holds Corporate Identity Number L02101KA1955PLC001936 and maintains certifications including ISO 9001, ISO 14001, and ISO 45001 management system standards along with FSC (Forest Stewardship Council) certification.

West Coast Paper Mills Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing a mixed performance amid challenging market conditions. The paper manufacturing company faced headwinds from rising imports and competitive pricing pressures that impacted operational metrics across both consolidated and standalone business segments.

Financial Performance Overview

The company's financial results demonstrated contrasting trends between consolidated and standalone operations during Q3FY26:

On a consolidated basis, the company demonstrated resilience with revenue growing 1% quarter-on-quarter to ₹1,049.78 crores and net profit surging 148% to ₹29.58 crores. However, standalone operations faced significant pressure with revenue declining 8% to ₹590.77 crores and net profit dropping 59% to ₹18.61 crores.

Segment-wise Revenue Analysis

The company's diversified business portfolio showed varied performance across segments:

Consolidated Segment Performance

Standalone Segment Performance

The Paper and Paper Board segment remained the primary revenue driver, contributing over 90% of total revenue across both consolidated and standalone operations.

Operational Challenges and Market Dynamics

Chairman and Managing Director S.K. Bangur highlighted the challenging operating environment, stating that the paper industry continued to face margin pressure from rising imports resulting in competitive pricing pressures. The company noted that while demand in core writing and printing grades remained broadly stable, realizations were affected across segments.

During the quarter, production was also impacted due to planned maintenance activities undertaken in November 2025. Despite these challenges, the company maintained strong operational discipline with continued focus on efficiency and cost control measures.

Board Appointments and Governance

The Board of Directors approved significant leadership appointments during their meeting held on February 12, 2026:

Both appointments are subject to shareholder approval. S.K. Bangur brings extensive industry experience and has been instrumental in solidifying the company's position as one of India's leading paper manufacturers. Sudha Bhushan, a distinguished finance and governance leader with over three decades of experience, serves on multiple listed company boards and brings expertise in cross-border structuring, regulatory advisory, and valuations.

Financial Position and Outlook

For the nine months ended December 31, 2025, the company reported consolidated revenue of ₹3,047.45 crores and net profit of ₹101.75 crores, compared to ₹3,021.01 crores revenue and ₹289.49 crores net profit in the corresponding period of the previous year.

The company remains committed to strengthening raw material security and sustainable operations. Management expressed confidence that the current pressure phase will stabilize and maintained a positive outlook for the industry's growth prospects despite near-term challenges from import competition and pricing pressures.