Shareholders meeting

ZZT:AGM:349:SHARE:07: July 21, 2026 To: To: National Stock Exchange of India Limited BSE Limited Listing Department Corporate Services Exchange Plaza Floor 25, P.J.Towers, Bandra-Kurla Complex, Dalal Street Bandra [East] MUMBAI – 400 001 MUMBAI-400 051 SCRIP CODE: BSE-500444 SCRIP CODE: NSE-WSTCSTPAPR Dear Sirs, Sub : Notice of Annual General Meeting to be held on August 17, 2026 through Video Conference and Annual Report – 2025-26 With reference to our letter No.ZZT:AGM:274:SHARE:07 dated 17 June, 2026 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Notice of 71st Annual General Meeting (AGM) of the Company to be held on August 17, 2026 at 11:30 A.M. through Video Conference (“VC”) / Other Audio-Visual Means(“OAVM”). Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith copy of Annual Report 2025-26 including Business Responsibility and Sustainability Report as on 31.03.2026. Please take the same on record. Thanking you, Yours faithfully, For WEST COAST PAPER MILLS LTD. BRAJMOHAN PRASAD COMPANY SECRETARY M.NO.F7492 Encl: a.a. WEST COAST PAPER MILLS LIMITED Regd. Office: Bangur Nagar, Dandeli - 581 325, Uttara Kannada, Karnataka CIN: L02101KA1955PLC001936, GSTN: 29AAACT4179N1ZO, Phone: (08284) 231391-395 (5 Lines), Fax: (08284) 231225, E-mail: co.sec@westcoastpaper.com, Website: www.westcoastpaper.com NOTICE NOTICE is hereby given that the 71st Annual General Meeting of the Members of WEST COAST PAPER MILLS LIMITED will be held through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”) on Monday, the 17th August, 2026, at 11.30 A.M. to transact the following business: ORDINARY BUSINESS: 1) To consider and adopt the Standalone Audited Financial Statements for the Financial Year ended on 31st March, 2026 including the Reports of the Directors and Auditors thereon. 2) To consider and adopt the Consolidated Audited Financial Statements for the Financial Year ended on 31st March, 2026 including the Reports of Auditors thereon. 3) To declare dividend on Equity Share for the Financial Year ended on 31st March, 2026. 4) To appoint a Director in place of Shri Saurabh Bangur (DIN: 00236894), who retires by rotation under the Articles of Association of the Company and being eligible, offers himself for re-appointment. SPECIAL BUSINESS: 5) Appointment of Shri Umesh Kini (M.No.29159), Cost Accountant, as Cost Auditor of the Company and ratification of Remuneration for the Financial Year 2026-27. To consider and, if thought fit, to pass with or without modifications, the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to Section 148(3) and all other applicable provisions of the Companies Act, 2013 (“the Act”) read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re- enactment thereof, for the time being in force) and pursuant to the recommendation of the Audit Committee and as approved by the Board of Directors of the Company, the consent of the members of the Company be and is hereby accorded to ratify the remuneration to Shri Umesh Kini (M.No.29159), Cost Accountant, appointed as Cost Auditor of the Company to conduct the audit of the cost accounts records maintained by the Company, for the Financial Year ending 31st March 2027 and that the said Cost Auditor be paid a remuneration of Rs 2,00,000 (Rupees Two Lakh) plus applicable taxes & out of pocket expenses be and are hereby ratified.” “RESOLVED FURTHER THAT, the Board of Directors (including any duly constituted Committee of the Board of Directors thereof) and/or the Company Secretary of the Company, be and are hereby severally authorized to do all acts, deeds, matters and take all such steps as may be necessary, proper or expedient to give effect to this resolution.” 6) Re-appointment of Shri Prakash Kacholia (DIN:00002626) as Non-Executive Independent Director of the Company To consider and, if thought fit, to pass, with or without modifications, the following resolution as Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 read with Schedule IV and all other applicable provisions of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Qualification of Directors) Rules, 2014 and Regulation 25 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) (including any statutory modification(s) or re-enactment thereof for the time being in force), the provisions of Articles of Association of the Company and based on the recommendations of the Nomination and Remuneration Committee and the Board of Directors of the Company, consent of the members be and is hereby accorded for the re-appointment of Shri Prakash Kacholia 1 (DIN:00002626) as Non-Executive Independent Director, who has submitted a declaration that he meets the criteria for independence as provided under Section 149 (6) of the Act along with the Rules framed there under and Regulation 16(1)(b) of the SEBI LODR Regulations and is eligible for re-appointment under the provisions of the Act read with the Rules made thereunder and the SEBI LODR Regulations, and in respect of whom, the Company has received a notice in writing under Section 160(1) of the Act proposing his candidature for the office of a Director for re-appointment as Non-Executive Independent Director of the Company, not liable to retire by rotation, for second term of 3 (three) consecutive years, commencing from 9th November 2026 to 8th November 2029.” “RESOLVED FURTHER THAT the Board of Directors and/or the Company Secretary, be and are hereby severally authorized to settle any question, difficulty or doubt, that may arise in giving effect to this resolution and to do all such acts, deeds and things as may be necessary, expedient and desirable for the purpose of giving effect to this resolution.” 7) Re-appointment of Shri Virendraa Bangur (DIN: 00237043) as Joint Managing Director of the Company. To consider and if thought fit, to pass with or without modifications, the following resolution as Special Resolution: “RESOLVED THAT, pursuant to Sections 149,152, 196, 197 and 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Qualification of Directors) Rules, 2014 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), consent of the members of the Company be and is hereby accorded to the re-appointment of Shri Virendraa Bangur (DIN:00237043) as Joint Managing Director of the Company for a further period of 3 (three) years with effect from June 26, 2026 to June 25, 2029 on the justification, terms/conditions and remuneration as set out in the Explanatory Statement annexed to the Notice.” “RESOLVED FURTHER THAT pursuant to the provisions of Regulations 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), consent of the members of the Company be and is hereby accorded for payment of annual remuneration including commission on net profits, exceeding Rs. 5 Crore up to 5 per cent of the net profit of the Company to Shri Virendraa Bangur (DIN:00237043), as Joint Managing Director of the Company, till his terms/tenure ending on June 25, 2029, subject to other terms and conditions as set out in the Explanatory Statement annexed to the Notice.” “RESOLVED FURTHER THAT In the event of loss or inadequacy of profit in any financial year, Shri Virendraa Bangur (DIN:00237043), Joint Managing Director of the Company shall be paid remuneration by way of salary, allowances and perquisites as specified under Section IIA of Part II of Schedule V of the Companies Act, 2013 including any statutory modifications or re-enactment thereof for the time being in force or any amendments made thereto from time to time or within such ceilings as may be prescribed from time to time as minimum remuneration notwithstanding the absence or inadequacy of profit in any year.” “RESOLVED FURTHER THAT the Board of Directors and/or the Company Secretary, be and are hereby severally authorized to settle any question, difficulty or doubt, that may arise in giving effect to this resolution and to do all such acts, deeds and things as may be necessary, expedient and desirable for the purpose of giving effect to this resolution.” 8) Re-appointment of Shri Rajendra Jain (DIN: 07250797) as Executive Director of the Company To consider and, if thought fit, to pass, with or without modifications, the following resolution as Special Resolution: “RESOLVED THAT pursuant to Section 149, 152, 196, 197 and 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Qualification of Directors) Rules, 2014 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), the consent of the members of the Company be and is hereby accorded for the re-appointment of Shri Rajendra Jain (DIN:07250797), who is liable to retire by rotation, as Executive Director of the Company for a further period of 2 (Two) years with effect from July 31, 2026 on the terms and conditions including remuneration as set out in the Explanatory Statement annexed to the Notice.” 2 “RESOLVED FURTHER THAT in the event of any loss or inadequacy of profit in any financial year, during the currency of tenure of Shri Rajendra Jain (DIN: 07250797) as Executive Director of the Company, he shall be paid remuneration as specified under Section II B of Part II of Schedule V of the Act, or within such ceiling as may be prescribed from time to time as minimum remuneration notwithstanding the absence or inadequacy of profit in any year.” “RESOLVED FURTHER THAT the Board of Directors and/or the Company Secretary, be and are hereby severally authorized to settle any question, difficulty or doubt, that may arise in giving effect to this resolution and to do all such acts, deeds and things as may be necessary, expedient and desirable for the purpose of giving effect to this resolution.” By Order of the Board Brajmohan Prasad Place: Dandeli Company Secretary Date: 27th May, 2026 M.No.F7492 NOTES: 1 An Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 (“the Act”), in respect of businesses to be transacted at the Annual General Meeting (“the AGM”), as set out under Item No. 5, 6, 7 and 8 above and the relevant details of the Directors as mentioned under Item No.4, 6,7 and 8 above as required by Regulation 36(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulation”) and as required under Secretarial Standards-2 on General Meeting issued by the Institute of Company Secretaries of India, is at Annexure-I. 2. The members may note that the Ministry of Corporate Affairs (“MCA”) vide its General Circular nos. 03/2025 dated 22 September 2025(“MCA Circulars”), in relation to the extension of framework provided in the MCA Circular, have permitted the Companies: (i) to send the annual reports to shareholders only on e-mail who have registered their e-mail ID with the Company/ Depositories; (ii) to hold AGM through VC or OAVM 3. In compliance with the provisions of section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as substituted by the Companies (Management and Administration) Amendment Rules, 2015 and Regulation 44 of the SEBI LODR Regulation, the Company is pleased to offer its members, facility to exercise their right to vote in respect of the businesses to be transacted through E-Voting Facility. 4. The Company has entered into an agreement with MUFG Intime India Pvt. Ltd., (“MUFG”) for availing Electronic Voting facility in compliance with the provisions of Section 108 of the Act, read with Rule 20 of the Companies (Management and Administration) Rules, 2014. E-voting instructions, user ID & Password are being informed by MUFG, to those members who have registered their e-mail IDs. Further members who are already in possession of user IDs & Passwords may use the same. 5. The facility for voting through InstaMeet (VC/OAVM) shall be made available at the AGM and the members attending the meeting who have not cast their votes by remote E-voting shall be able to exercise their right at the meeting through InstaMeet (VC/OAVM). 6. The Company will hold the AGM through VC/OAVM facility without physical presence of the members. The necessary details for joining the meeting are given at Annexure-II. 7. As the AGM shall be conducted through VC/OAVM, the facility for appointment of Proxy by the members is not available for this AGM and hence the Proxy Form and Attendance Slip including Route Map are not annexed to this Notice. 8. The meeting shall be deemed to be conducted at the Registered office of the Company. 9. Remote e-Voting period will commence on 14th August, 2026 at 9.00 AM and end on 16th August, 2026 at 5.00 PM. Thereafter e-voting module shall be disabled for voting by MUFG. Voting right will be reckoned on the paid-up value of shares registered in the name of members on 10th August, 2026 (Cut Off Date). 3 10. Pursuant to Section 101 and Section 136 of the Act, read with relevant Rules made there under, Annual Report and Notice of AGM are being sent through e-mail to the members who have registered e-mail IDs with the Company / Depositories. The members who have not registered their e-mail IDs with the Company can access the Notice of AGM and Annual Report on the website of the Company www.westcoastpaper.com/investors. Members who would like to obtain pdf copy on their e-mail IDs, may write an e-mail to co.sec@westcoastpaper.com. Pursuant to the Circulars mentioned above, the Company will not send hard copy of Annual Reports. 11. Members may note that the Notice of AGM and Annual Report for the Financial Year 2025-26 will also be available on the website of the Stock Exchanges i.e. www.nseindia.com and www.bseindia.com. 12. Pursuant to Section 113 of the Act, Corporate members are requested to send a duly certified copy of the Board Resolution authorizing their representatives to attend and vote in the AGM, by e-mail before e-voting/ attending AGM, to csnaman@ngjoshiandco.com, co.sec@westcoastpaper.com. 13. The members who are holding shares in physical form and who have not registered their e-mail IDs with the Company, can write to by providing their names and folio numbers and obtain default PAN (if PAN is not registered with the Company) for the purpose of e-voting and exercise their votes through remote e-voting or votes electronically during the AGM. The credentials will be provided to the members after verification of all details. 14 As per the provisions of Section 72 of the Act, and Rule 19(1) of the Companies (Share Capital and Debentures) Rules, 2014, members holding shares in physical form may file nomination in the prescribed Form SH-13 with the Company’s Registrar and Share Transfer Agent. Members can nominate a person in respect of all the shares held by them singly or jointly. If a member desires to opt out or cancels the earlier nomination and record a fresh nomination, he/she may submit the same in Form ISR-3 or SH-14 as the case may be. The said forms can be downloaded from the website of the Company and RTA. Members holding shares in electronic form may approach their respective DPs to complete the nomination formalities. 15. All documents referred to in the accompanying Notice are open for inspection at the Registered Office of the Company during office hours on all working days, except Saturdays and holidays, between 10:00 Hrs. and 12:00 Hrs. up to the date of the Annual General Meeting and these documents shall be uploaded on the platform of AGM with adequate security feature enabled so as to disallow members from taking copies of such documents. 16. The Register of Members and the Share Transfer Books will remain closed from 11th August, 2026 to 17th August, 2026 (both the days inclusive). 17. The dividend on equity shares as recommended by the Board of Directors, if declared at the meeting, will be paid, on or after 21st August, 2026 to those shareholders whose names appear in the Register of Members on 17th August, 2026. In respect of shares held in electronic form, the dividend will be paid on the basis of beneficial ownership at the close of the business hour on 10th August, 2026, based on the details to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited, for this purpose. 18. Payment of Dividend is subject to deduction of income tax at source in accordance with the provisions of Income Tax Act, 1961 and rules made there under w.e.f. 1st April, 2020. Shareholders who are not liable to pay income tax are requested to download the applicable Tax Exemption Forms from https://web.in.mpms.mufg.com/client-downloads. html and upload the said Forms/Documents duly completed and signed on URL: https://web.in.mpms.mufg.com/ formsreg/submission-of-form-15g-15h.html or email at wcpdivtax@in.mpms.mufg.com , if unable to upload/email, send the hard copy to MUFG (RTA of the Company) on or before 10th August, 2026. 19. Pursuant to SEBI Master Circular : HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated 6th February, 2026, in case of non-updating of PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature in respect of physical folios, dividend etc. shall be paid only through electronic mode with effect from April 01, 2024 upon furnishing all the aforesaid details. 20. If a security holder updates the PAN, Choice of Nomination, Contact Details including Mobile Number, Bank Account Details and Specimen Signature after April 01, 2024, then the security holder would receive all the dividends etc. declared during that period (from April 01, 2024 till date of updating) pertaining to the securities held after the said updating automatically. 21. SEBI Circular and the List of Shareholders having discrepancy as mentioned above is available on the website of the company (under Investor Information) at http://www.westcoastpaper.com/compliance/#com5 4 22. In compliance with the SEBI circular, the Company has assigned all the work related to share registry in terms of both physical and electronic to – MUFG Intime India Pvt. Ltd., (Unit: West Coast Paper Mills Ltd.,) C-101, 247 Park, LBS Marg, Vikhroli (West) MUMBAI-400 083. Ph: (022) 49186000; Fax: (022) 49186060; E-mail: investor.helpdesk@in.mpms.mufg.com 23. All the members are requested to send/deliver their documents/correspondence relating to the Company’s Share Transfer/Demat requests to the above Registrar and Share Transfer Agent. Members holding shares in physical form are requested to notify promptly any change in their address, to the Registrar and Share Transfer Agent. (i) Members holding shares in electronic form are requested to intimate immediately any change in their address or bank mandates to their Depository Participants with whom they are maintaining their demat accounts. Members holding shares in physical form are requested to advise any change in their bank mandates immediately to the MUFG. (ii) Members are requested to register their Permanent Account Numbers (PAN), E-mail IDs and Mobile numbers with their Depository Participants, in case shares are held in dematerialized form. (iii) Shareholders holding shares in physical form are requested to register their PANs, E-mail IDs, Mobile Numbers and Bank Account details on Web portal Link https://web.in.mpms.mufg.com/EmailReg/Email_Register.html or send the hard copy to MUFG, (RTA of the Company) before 10th August, 2026. (iv) Members may please note that SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated 6th February 2026 has mandated the listed companies to issue securities in dematerialized form only while processing service requests, viz. issue of duplicate securities certificates, consolidation of securities certificates/ folios, transmission and transposition. Accordingly, members are requested to make service requests by submitting a duly filled and signed Forms ISR-4 & ISR-5, as the case may be. The said Forms can be downloaded from the website of the RTA. (v) Members holding shares in the same name under different Ledger Folios are requested to apply for consolidation of such Folios and send the relevant share certificates to the Share Transfer Agent. (vi) Non- resident Indian Members are requested to inform the following immediately to the Company’s Registrar and Share Transfer Agent(RTA): a) Change in their residential status on return to India for permanent settlement. b) Particulars of their bank account maintained in India with complete name, branch, account type, account number and address of the bank with pin code number, if not furnished earlier. (vii) In view of SEBI Circulars: SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated 31st July,2023 and SEBI/HO/OIAE/ OIAE_IAD-1/P/CIR/2023/135 dated 4th August,2023, Shareholder if not satisfied with the resolution provided by RTA/Company(Level 1) or SEBI Scores Portal(Level 2), then the online resolution can be availed by lodging the grievances/ complaints/ disputes through the ODR Portal (Online Dispute Resolution) within the time frame under law at https://smartodr.in/login. Detailed process to access ODR Portal and the link for the ODR are also hosted on the website of the Company (under Investor Information) at http://www.westcoastpaper.com/ compliance/#com5. (viii) MUFG Intime India Private Ltd (RTA) has launched ‘SWAYAM’, is a secure, user-friendly web-based application, that empowers shareholders to effortlessly access various services. Shareholders are requested to get registered and have first-hand experience of the portal. This application can be accessed at https://swayam.in.mpms. mufg.com 24. Pursuant to the provisions of Section 124 of the Act, the amount of dividend remaining unclaimed for a period of seven years shall be transferred to the Investor Education and Protection Fund (“IEPF”). Thereafter, members shall not be able to register their claim in respect of their un-cashed dividends with the Company. 5 25. Further, pursuant to Section 124(6) of the Act, shares in respect of which dividend has not been paid or claimed for 7 (seven) consecutive years or more shall be transferred to Investor Education and Protection Fund. Members who have not yet cashed their dividend for the Financial Year ended on 31st March , 2019 and onwards are advised to make their claims to the Company, without any delay. 26. The Unclaimed dividend for the Financial Year ended on 31st March, 2019 will be transferred to the Investor Education and Protection Fund in terms of the provisions of Section 124 of the Act, in the month of September 2026. 27. The details of the unpaid/unclaimed amounts of dividends for 7 (seven) years, lying with the Company are available on the website of the Company www.westcoastpaper.com. The Shareholders whose dividends/shares as transferred to the IEPF Authority can now claim their dividends/shares from the Authority by following the Refund Procedure as detailed on the website of IEPF Authority. 28. Once vote on a resolution is cast through remote e-Voting/voting by E-mail by a member, the member shall not be allowed to subsequently change it. A member may participate in the AGM through VC/OAVM, even after exercising his right to vote through remote e-Voting/voting by E-mail but shall not be allowed to vote again at the AGM. 29. Shri Naman Gurumurthi Joshi (Membership No.F8389), Company Secretaries, N.G.Joshi & Co., has been appointed as the Scrutinizer to scrutinize the e-Voting/voting by E-mail process in a fair and transparent manner. The Scrutinizer shall after the conclusion of voting at the general meeting, will unblock the votes cast through remote e-Voting/ voting by E-mail in the presence of at least two witnesses not in the employment of the Company and shall make, within two working days of the conclusion of the AGM, a consolidated scrutinizer’s report of the total votes cast in favour or against, if any, to the Chairman or a person authorized by him in writing, who shall countersign the same and declare the result of the voting forthwith. 30. Instructions and other information relating to remote e-Voting: Annexure-II appended herewith. 31. The results declared along with the report of the Scrutinizer shall be placed on the website of the Company www. westcoastpaper.com and on the website of MUFG., immediately after the declaration of results by the Chairman or a person authorized by him in writing. The results shall also be immediately forwarded to the BSE Limited and the National Stock Exchange of India Limited, Mumbai. 32. The brief profile of the Director retiring by rotation and being eligible, seeking re-appointment at the AGM pursuant to Regulation 36(3) of SEBI LODR Regulations and applicable Secretarial Standards 2 issued by the Institute of Company Secretaries of India is provided as ‘Exhibit A’. By Order of the Board Brajmohan Prasad Place: Dandeli Company Secretary Date: 27th May, 2026 M.No.F7492 6 Annexure-I ANNEXURE TO THE NOTICE STATEMENT OF MATERIAL FACTS PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013 Item No. 5 On the recommendation of the Audit Committee, the Board of Directors of the Company at their meeting held on 27th May, 2026, approved the appointment of Shri Umesh Kini (M.No.29159), Cost Accountant, as the Cost Auditor of the Company to conduct the audit of the cost accounts records maintained by the Company, for the Financial Year ended on 31st March, 2027 at a remuneration of Rs. 2,00,000/- (Rupees Two Lakh) plus Goods and Services Tax, as applicable and reimbursement of out of pocket expenses incurred. In terms of provisions of Section 148 of the Companies Act, 2013 (“the Act”) and Rule 14 of the Companies (Audit and Auditors) Rules, 2014, the remuneration payable to the Cost Auditor shall be ratified by the members of the Company. Accordingly, consent of the members is sought for passing an ordinary resolution as set out in Item No.5 of the Notice to ratify the remuneration payable to Shri Umesh Kini, Cost Auditor, for the financial year ending 31st March 2027. The Board of Directors have recommended the Resolution as set out at Item No.5 of this Notice. None of the Directors, Key Managerial Personnel and their relatives are concerned or interested in the Resolution at Item No.5 of the Notice. Item No.6 Section 149(4) read with Schedule IV of the Companies Act, 2013 (“the Act”) provides for appointment of Non-Executive Independent Directors on the board of the Company. Section 149 (10 ) of the Act stipulates that an independent director may hold office for a maximum tenure up to 5 (five) consecutive years and shall be eligible for re-appointment for further term up to 5 (five) consecutive years, subject to the passing of the special resolution by the members of the Company. Shri Prakash Kacholia (DIN:00002626) was appointed as a Non-Executive Independent Director of the Company not liable to retire by rotation, for the initial term of 3 (three) consecutive years vide Board Resolution dated 9th November,2023. His existing term/tenure is due to expire on 8th November,2026. The Board of Directors at their meeting held on 27th May, 2026, on the basis of report of performance evaluation and recommendation of the Nomination and Remuneration Committee, have re-appointed Shri Prakash Kacholia (DIN:00002626), as Non-Executive Independent Director of the Company, not liable to retire by rotation and to continue to hold the office for further period of 3 (three) consecutive years w.e.f., 9th November, 2026 to 8th November, 2029, subject to approval of members of the Company at the ensuing Annual General Meeting of the Company. Shri Prakash Kacholia (DIN:00002626) is a member of the Audit Committee and Nomination & Remuneration Committee. Through out his tenure, he has diligently discharged his duties and has consistently provided valuable guidance to the Company on key strategic matters. His expertise spans the domain of governance, finance, strategy, legal and technology, which has significantly enriched the strategic decision-making processes of the Board. The Company has also received from Shri Prakash Kacholia (DIN:00002626), (i) consent to act as Director, if appointed, writing in Form DIR 2 pursuant to the Rule 8 of the Companies (Appointment and Qualification of Directors) Rules, 2014, (ii) disclosure in Form DIR 8 pursuant to Rule 14 (1) of the Companies (Appointment and Qualification of Director) Rules, 2014 to the effect that he is not disqualified under sub-Section (2) of Section 164 of the Act, (iii) declaration to the effect that he meets the criteria of independence as prescribed under Section 149 of the Act, read with Rules made thereunder and the SEBI LODR Regulations, (iv) certificate of Indian Institute of Corporate Affairs, as required under the Companies (Appointment and Qualification of Directors) Rules, 2014. The Board of Directors is of the opinion that Shri Prakash Kacholia (DIN:00002626), has rich knowledge and diverse experience, is a valuable asset to the Company and has consistently demonstrated a strong ability to think critically, offer innovative solutions, and contribute meaningful insights during Board deliberations. His presence enhances the diversity of thought at the Board level, ensuring that decisions are well-rounded, forward-thinking, and aligned with the best interests of the company and its stakeholders. He is also a person of integrity who possesses required expertise and his association as Non-Executive Independent Director, recommended the re-appointment of Shri Prakash Kacholia (DIN:00002626) as Non-executive Independent Director of the Company for the Second term i.e. up to 8th November, 2029. 7 In addition to his professional competencies, Shri Prakash Kacholia has maintained a strong commitment to ethical governance practices throughout his career. His independence, both in thought and action, is vital to his role as a Non- Executive Independent Director, ensuring that he remains objective and unbiased in his judgment. He consistently holds himself to the highest standards of corporate governance and is unwavering in his dedication to the principles of transparency, accountability and fairness. The re-appointment of Shri Prakash Kacholia as Non-Executive Independent Director will undoubtedly benefit the Company by providing sound, impartial guidance in areas critical to the Company’s growth, compliance and long-term strategy. His strategic input, combined with his in-depth knowledge and unwavering integrity, will continue to play a key role in supporting the Company’s objectives and upholding the highest standards of corporate governance. In the opinion of the Board, Shri Prakash Kacholia (DIN:00002626), fulfills the conditions specified in the Act and Rules made thereunder and the proposed Director, is Independent of the Management. The brief profile of Shri Prakash Kacholia (DIN:00002626) as required under Regulation 36(3) of SEBI LODR Regulations, is provided as ‘Exhibit A’ to this Notice. Shri Prakash Kacholia (DIN:00002626) is interested in the resolution set out at Item No.6 of the Notice with regard to his re-appointment and relatives of the said Director may be deemed to be interested in the said resolution to the extent of his shareholdings, if any, in the Company. Save and except the above, none of the other Directors or Key Managerial Personnel of the Company or Relatives of Director and Key Managerial Personnel are in any way concerned or interested in the said resolution. Letter of appointment of Shri Prakash Kacholia (DIN:00002626) setting out the terms and conditions is available for inspection by the members at the Registered Office of the Company. Pursuant to Regulation 25 of SEBI LODR Regulations, the appointment of Shri Prakash Kacholia (DIN:00002626) is subject to the approval of the members by way of special resolution and thus the Board of Directors has only recommended the resolution as set out at Item No.6 of this Notice for approval. Item No.7 The Board of Directors of the Company, vide Board Resolution dated 19th May,2023, appointed Shri Virendraa Bangur (DIN:00237043) as Joint Managing Director of the Company for a period of 3 years with effect from June 26, 2023 to June 25, 2026. The Board of Directors, at the meeting held on 27th May, 2026, re-appointed Shri Virendraa Bangur (DIN:00237043) as Joint Managing Director, for a further period of 3 (three) years from June 26, 2026 to June 25, 2029, on the remuneration and other terms & conditions as approved by the Nomination and Remuneration Committee of the Board of Directors in their meeting held on 27th May,2026. Proposed remuneration and commission to Shri Virendraa Bangur, Joint Managing Director, have been also approved by the Audit Committee in their meeting held on 27th May, 2026. The terms and conditions of re-appointment of Shri Virendraa Bangur (DIN:00237043) as Joint Managing Director, are as under: 1) Term of Employment: Three years with effect from 26.06.2026 to 25.06.2029. 2) Remuneration: (a) Salary: Rs.11,63,298/- ( Rupees Eleven Lakh Sixty Three Thousand Two Hundred and Ninety Eight Only) per month. (b) Commission: 1.5 % (One and half percent) Commission on the net profit, as may be agreed upon by the Board of Directors and him, for each financial year or part thereof, subject to the condition that the total remuneration i.e., salary, perquisites and commission in any one financial year shall not exceed the limits prescribed or as may be prescribed from time to time under Section 197 and other applicable provisions of the Act and the Rules framed there under, read with SEBI LODR Regulations, as may be for the time being in force. 8 3) Perquisites: i) Medical Reimbursement: Medical and Hospitalization benefits for him and his family by way of reimbursement of expenses actually incurred, the total cost of which to the Company shall not exceed one month’s salary in a year or three months salary over a period of three years. ii) Leave: On full pay and allowance in accordance with the Rules of the Company. iii) Leave Travel Concession: For him and his family once in a year in accordance with the Rules of the Company. iv) Club Fees: Fees and subscription of four clubs. v) Personal Accident Insurance: Premium as per Rules of the Company. vi) Provident Fund and Superannuation Fund: Contribution of Provident Fund and Superannuation Fund in accordance with the Rules of the Company. vii) Gratuity: Half month’s salary for each completed year of service in accordance with the Rules of the Company. viii) Telephone: Free telephone facility. ix) Car: Provision of car for official purpose x) Other benefits as are applicable to other senior executives of the Company [including but not limited to production bonus/ex-gratia, encashment of leave (subject to maximum of Ninety days), compensatory allowance in accordance with the schemes of the Company]. Shri Virendraa Bangur, Joint Managing Director during the term of office as Joint Managing Director shall not be liable to retire by rotation and continue to hold his office of Joint Managing Director, the re-appointment as such Director shall not be deemed to constitute a break in his office of Joint Managing Director. Shri Virendraa Bangur, will not be paid any sitting fees for attending the meetings of the Board of Directors and Committees thereof. The Company has taken “Directors & Officers liability insurance policy” which will be extended from time to time to cover full tenure of appointment. It is proposed in view of vast experience to appoint Shri Virendraa Bangur(DIN:00237043) as Joint Managing Director of the Company, under Section 149, 152, 196, 197, 203 of the Act and Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The Company has received a notice in writing from a member, proposing the candidature of Shri Virendraa Bangur for the office of Joint Managing Director under the provisions of Section 160 of the Act. The Company has received declaration from Shri Virendraa Bangur, that he is not disqualified to become a director and also consented to hold the office as Director. The Board is of the view that, continued appointment/association of Shri Virendraa Bangur, in view of his skill, vast experience and knowledge would be of immense benefit to the Company and it is desirable to avail his services as Joint Managing Director. The brief profile of Shri Virendraa Bangur, as required under Regulation 36(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is provided as ‘Exhibit A’ to this Notice. In the opinion of the Board, Shri Virendraa Bangur, fulfills the conditions specified in the Act and Rules made thereunder, he is interested in the resolution set out at Item No.7 of the Notice with regard his re-appointment and his relatives particularly Shri S. K. Bangur, Smt. Shashi Bangur and Shri Saurabh Bangur are deemed to be concerned or interested in the resolutions at Item No.7 to the extent of their shareholding interest, if any, in the Company. Save and except the above, none of the other Directors or Key Managerial Personnel of the Company or Relatives of Director and Key Managerial Personnel are in any way concerned or interested in the said resolution. The Board has recommended the Resolution as set out at Item No.7 of this Notice for your approval. Item No.8 The Board of Directors of the Company, vide Board Resolution dated 27th May, 2024, appointed Shri Rajendra Jain as Executive Director (DIN:07250797) of the Company for a period of 2 years with effect from 31st July, 2024 to 30th July, 2026. 9 The Board of Directors, at the meeting held on 27th May, 2026 re-appointed Shri Rajendra Jain as Executive Director for further period of 2 (Two) years from July 31, 2026 to July 30, 2028 on the remuneration and other terms and conditions as approved by the Nomination and Remuneration Committee of the Board of Directors in their meeting held on 27th May,2026. The terms and conditions of re-appointment of Shri Rajendra Jain, as Executive Director are as under: 1) Term of Appointment: 2 (Two) Years with effect from 31st July, 2026 to 30th July, 2028. 2) Remuneration: i) Salary: Rs. 12,88,739/- per month ii) Allowance: Rs. 6000/- per month 3) Perquisites: i) Housing: Furnished accommodation with free electricity and water supply ii) Medical Reimbursement: Medical and Hospitalization benefits for him and his family by way of reimbursement of expenses actually incurred, the total cost of which to the Company shall not exceed one month’s salary in a year or two months salary over a period of two years. iii) Leave: On full pay and allowance in accordance with the Rules of the Company. iv) Leave Travel Concession: For him and his family once in a year in accordance with the Rules of the Company. v) Club Fees: Fees and subscription of two clubs. vi) Personal Accident Insurance: Premium as per Rules of the Company. vii) Provident Fund and Superannuation Fund: Contribution of Provident Fund and Superannuation Fund in accordance with the Rules of the Company. viii) Gratuity: Half month’s salary for each completed year of service in accordance with the Rules of the Company. ix) Conveyance: Provision of Car for use on the Company’s business purpose. In case Car is not provided, then reimbursement of expenses incurred on conveyance up to Rs. 50,000/- per month. x) Telephone: Free telephone facility at residence. xi) Other benefits as are applicable to other senior executives of the Company (including but not limited to production bonus/ex-gratia, encashment of leave (subject to maximum of Ninety days), compensatory allowance in accordance with the schemes of the Company. xii) The Nomination and Remuneration Committee is authorized to raise Salary by giving increments w.e.f. 1st August every year. xiii) The appointment may be terminated by either party by giving three months’ notice in writing of such intention. The Executive Director shall not be entitled to payment of any sitting fees for attending any meeting of the Board of Directors of the Company or any Committees thereof. 4. Other terms and conditions: Shri Rajendra Jain shall, during the term of office as Executive Director be liable to retire by rotation and shall continue to hold his office of Executive Director and the re-appointment as such Director shall not be deemed to constitute a break in his office of Executive Director. The Company has taken “Directors & Officers liability insurance policy” which will be extended from time to time to cover full tenure of appointment. The Board is of the view that, continued appointment/association of Shri Rajendra Jain, in view of his skill, vast experience and knowledge would be of immense benefit to the Company and it is desirable to avail his services as Executive Director. The Company has received declaration from Shri Rajendra Jain, that he is not disqualified to become a director and also consented to hold the office as Director. 10 In the opinion of the Board, Shri Rajendra Jain, fulfils the conditions specified in the Act and Rules made thereunder. The brief profile of Shri Rajendra Jain, as required under Regulation 36(3) of SEBI LODR Regulations is provided as ‘Exhibit A’ to this Notice. Shri Rajendra Jain is deemed to be interested or concerned in the resolution at Item No.8 as the same pertain to his re-appointment and remuneration payable to him. The relatives of Shri Rajendra Jain are deemed to be concerned or interested in the resolution at Item No.8 to the extent of their shareholding interest, if any, in the Company. Save and except the above, none of other Directors or Key Managerial Personnel of the Company or relatives of Directors and Key Managerial Personnel are, in any way, concerned or interested in the said resolution. The Board has recommended the Resolution as set out at Item No.8 of this Notice for your approval. “Exhibit A” S. Nature of Information Item No. 4 Item No. 6 Item No.7 Item No. 8 No. of the Notice of the Notice of the Notice of the Notice 1. Name Shri Saurabh Shri Prakash Shri Virendraa Shri Rajendra Bangur Kacholia Bangur Jain 2. DIN 00236894 00002626 00237043 07250797 3. Age 50 years 61 years 51 years 64 years 4. Nationality Indian Indian Indian Indian 5. Category Non-Executive Non-Executive Independent Whole-time Director Whole-time Director Director Director 6. Date of first appointment 28th June, 2004 9th November, 2023 12th November, 2019 31st July, 2015 on the Board 7. Remuneration last drawn, Rs.4.20 Lakh as sitting fees Rs.5.40 Lakh as sitting fees Rs.585.62 Lakhs remuneration Rs. 283.52 Lakhs remuneration (including sitting fees, if paid during the Financial paid during the Financial including Commission for the for the Financial Year 2025-26 / any) / Remuneration Year 2025-26 / he will be Year 2025-26 / he will be Financial Year 2025-26 / he will he will be paid Remuneration proposed to be paid paid sitting fees for attending paid sitting fees for attending be paid Remuneration (details (details as mentioned in meetings. meetings. as mentioned in explanatory explanatory Statement to statement for Item No.7 of the Item No. 8 of the Notice) Notice) 8. Expertise in specific Industrialist As mentioned in explanatory Industrialist Professional functional areas statement for Item No.6 9. Qualification B.Com Chartered Accountant B.Com B.com, FCA, ACS 10. Terms and Conditions of Re-appointment by rotation As per Explanatory Statement As per Explanatory Statement As per Explanatory Statement appointment /re- to Item No. 6 of the Notice to Item No. 7 of the Notice to Item No. 8 of the Notice appointment 11. Relationships between None other Directors None None other Directors than Shri None Directors, Manager and than Shri S K Bangur and S K Bangur and Smt. Shashi Key Managerial Personnel Smt. Shashi Bangur being his Bangur being his Parents and of the Company Parents and Shri Virendraa Shri Saurabh Bangur being his Bangur being his brother, are brother, are related. related. 12. Directorship in other Andhra Paper Limited Emkay Global Financial 1) Jayshree Chemicals Ltd. None Listed entities Services Limited 2) Taparia Tools Limited 3) Andhra Paper Limited 13. Chairmanship/ 1) Andhra Paper Limited: 1) Emkay Global Financial 1) Jayshree Chemicals None Membership of Committee Services Limited Limited: Member: Member: Audit Committee, of the Board in other Nomination and Corporate Social Member: Stakeholders Listed entities Remuneration Committee Responsibility Committee and Relationship Committee, Corporate Affairs Committee Chairman: Stakeholders Audit Committee, Corporate Relationship Committee Chairman: Risk Management Social Responsibility Committee Committee and Management 2) Andhra Paper Limited: Committee Chairman: Corporate Social Responsibility Committee and Stakeholders Relationship Committee 11 S. Nature of Information Item No. 4 Item No. 6 Item No.7 Item No. 8 No. of the Notice of the Notice of the Notice of the Notice 14. No. of shares held in the 1651228 NIL 1122956 NIL Company 15. Listed entities in which the None None None Andhra Paper Limited the Director has resigned in the past three years 16. Brief resume/skills and Industrialist having vast He is Chartered Accountant Industrialist and areas of He is FCA and ACS having capabilities knowledge and good having vast knowledge special interest in Paper, experience in Strategic experience of management, and experience in the Newsprints, Chemicals, IT, Planning & Management, administration of Pulp dynamic Capital Market. He Electronics, Optic Fibre, Manufacturing / Plant and Paper. He was the is a member of the Advisory Telephone and Power Cable Operations, Business President of the Indian Paper Committee of the NSE and Plantations. He is the Process Re-engineering, Manufacturer’s Association Committee member of Indian Quality assurance, Cost (IPMA) in the year 2017. He is Chamber of Commerce Optimization, Maintenance, also a committee member of & member of Young Project Management, Bharat Chamber of Commerce President Organization and Customer Satisfaction, Safety, and a member of Young Entrepreneur Organization. Continuous Improvement & Presidents Organization (YPO), adoption of best practices, Kolkata Chapter. Commercial Operations, Procurements, Accounting & Financial Management, Resource Development & Management, Industrial Relations, CSR, People Development, Liaison & Networking and Sustainability. 17. Brief profile: Shri Saurabh Bangur is the Shri Prakash Kacholia is Shri Virendraa Bangur hails He is the Executive Director of Vice Chairman of the West a Chartered Accountant, from the renowned Kolkata the Company. Shri Rajendra Coast Paper Mills Ltd., He has boasting over three decades – based business house Jain has hands on experience been Director in the Company of invaluable experience in of “BANGUR’S” and is the in Strategic Planning & since 2004. He is the son of the dynamic Capital Market. constituent of the “SK BANGUR Management, Manufacturing/ Shri S.K.Bangur and a member GROUP”. He holds various Plant Operations, Business He is Promoter and Managing of the Bangur family. He is positions in group companies- Process Re-engineering, Director of Emkay Global also a Director for Companies serving as the Joint Managing Quality assurance, Cost Financial Services Limited. such as Shree Satyanarayan Director in West Coast Optimization, Maintenance, Investments Company Ltd., He also holds directorship paper Mills Limited, Vice- Project Management, Shree Satyanarayan Properties in Emkay Fincap Limited, Chairman in Andhra Paper Customer Satisfaction, Safety, Pvt. Ltd., Andhra Paper Ltd., Emkay Corporate Services Limited, Chairman in Continuous Improvement & West Bengal Properties Ltd., Limited, Emkay Global Jayshree Chemicals Limited adoption of best practices, and BRC Gymkhana Pvt Ltd. Financial Services Pte. and Director in Gloster Commercial Operations, He was the President of the Limited, Singapore and Emkay Cables Limited, Kilkotagiri Procurements, Accounting Indian Paper Manufacturer’s Charitable foundation and and Thirumbadi Plantations & Financial Management, Association (IPMA) in the year is a Designated Partner in Limited, Taparia Tools Limited Resource Development & 2017. Amanecer Capital Partners and West Coast Opticable Management, Industrial LLP. Limited. Relations, CSR, People Shri Saurabh Bangur is a Development, Liaison & member of Young Presidents His expertise extends Born in the year 1975, he Networking and Sustainability. Organization (YPO), Kolkata beyond the corporate realm; belongs to the new breed Chapter and Vice-President he has made significant of modern tech-savvy Shri Jain holds a Degree of The Bengal Rowing Club, contributions as a member entrepreneurs. As with most in B.Com and Chartered Kolkata. of the SEBI Committee on other scions of the Industrial Accountant & Company Derivatives. Empire, Virendraa Bangur Secretary by professional plunged into the world of qualification. He has been also Moreover, his seasoned business at a very young age. honoured with “Chairman’s leadership has played a pivotal He graduated in Commerce Award of Exceptional role in his directorship on the with Honours. He has had Contributor” by Shri K M Birla, Boards of varied experience in the Chairman, Aditya Birla Group –BSE Limited industrial and corporate world, in 2006. with areas special interest – Central Depository Services including paper, newsprint, (India) Limited chemicals, IT, electronics, optic fibre, telephone and power – BOI Shareholding Limited, a cables and plantations. subsidiary of Bank of India. 12 S. Nature of Information Item No. 4 Item No. 6 Item No.7 Item No. 8 No. of the Notice of the Notice of the Notice of the Notice During his tenure as Director He is a Member of the Indian at BSE Limited, he also served Chamber of Commerce and as a member of the Audit is also a Committee Member Committee. He is currently of the Bharat Chamber of a member of the Advisory Commerce. Additionally, he Committee of the NSE. is a member of the Young Presidents’ Organization (YPO) and the Entrepreneur Organization (EO). Besides his corporate endeavor, Virendraa Bangur actively contributes to sports, community development, rural upliftment, environment protection and support for education and health services. He generously donates to religious and philanthropic causes, maintains Charitable Trusts and is associated with various social service organizations. By Order of the Board Brajmohan Prasad Place: Dandeli Company Secretary Date: 27th May, 2026 M.No.F7492 13 Annexure-II REMOTE E-VOTING INSTRUCTIONS FOR SHAREHOLDERS In terms of SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id correctly in their demat accounts to access remote e-Voting facility. Login method for Individual shareholders holding securities in demat mode: Individual Shareholders holding securities in demat mode with NSDL METHOD 1 - NSDL OTP based login a) Visit URL: https://eservices.nsdl.com/SecureWeb/evoting/evotinglogin.jsp b) Enter your 8 - character DP ID, 8 - digit Client Id, PAN, Verification code and generate OTP. c) Enter the OTP received on your registered email ID/ mobile number and click on login. d) Post successful authentication, you will be re-directed to NSDL depository website wherein you will be able to see e-Voting services under Value added services. Click on “Access to e-Voting” under e-Voting services. e) Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period. METHOD 2 - NSDL IDeAS facility Shareholders registered for IDeAS facility: a) Visit URL: https://eservices.nsdl.com and click on “Beneficial Owner” icon under “IDeAS Login Section”. b) Enter IDeAS User ID, Password, Verification code & click on “Log-in”. c) Post successful authentication, you will be able to see e-Voting services under Value added services section. Click on “Access to e-Voting” under e-Voting services. d) Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period. Shareholders not registered for IDeAS facility: a) To register, visit URL: https://eservices.nsdl.com and select “Register Online for IDeAS Portal” or click on https:// eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp b) Enter 8-character DP ID, 8-digit Client ID, Mobile no, Verification code & click on “Submit”. c) Enter the last 4 digits of your bank account / generate ‘OTP’ d) Post successful registration, user will be provided with Login ID and password. e) Follow steps given above in points (a-d). Shareholders/Members can also download NSDL Mobile App “NSDL Speede” facility by scanning the QR code mentioned below for seamless voting experience METHOD 3 - NSDL e-voting website a) Visit URL: https://www.evoting.nsdl.com b) Click on the “Login” tab available under ‘Shareholder/Member’ section. c) Enter User ID (i.e., your 16-digit demat account no. held with NSDL), Password/OTP and a Verification Code as shown on the screen & click on “Login”. 14 d) Post successful authentication, you will be re-directed to NSDL depository website wherein you will be able to see e-Voting services under Value added services. Click on “Access to e-Voting” under e-Voting services. e) Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period. Individual Shareholders holding securities in demat mode with CDSL METHOD 1 - CDSL e-voting page a) Visit URL: https://www.cdslindia.com. b) Go to e-voting tab. c) Enter 16-digit Demat Account Number (BO ID) and PAN No. and click on “Submit”. d) System will authenticate the user by sending OTP on registered Mobile and Email as recorded in Demat Account e) Post successful authentication, user will be able to see e-voting option. The evoting option will have links of e-voting service providers i.e., MUFG InTime. Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period. METHOD 2 - CDSL Easi/ Easiest facility: Shareholders registered for Easi/ Easiest facility: a) Visit URL: https://web.cdslindia.com/myeasitoken/Home/Login or Visit URL: www.cdslindia.com, click on “Login” and select “My Easi New (Token)”. b) Enter existing username, Password & click on “Login”. c) Post successful authentication, user will be able to see e-voting option. The evoting option will have links of e-voting service providers i.e., MUFG InTime. Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period. Shareholders not registered for Easi/ Easiest facility: a) To register, visit URL: https://web.cdslindia.com/myeasitoken/Home/EasiRegistration / https://web.cdslindia.com/ myeasitoken/Home/EasiestRegistration. b) Proceed with updating the required fields for registration. c) Post successful registration, user will be provided username and password on the registered email id. Follow steps given above in points (a-c). Individual Shareholders holding securities in demat mode with Depository Participant Individual shareholders can also login using the login credentials of your demat account through your depository participant registered with NSDL / CDSL for e-voting facility. a) Login to DP website b) After Successful login, user shall navigate through “e-voting” option. c) Click on e-voting option, user will be redirected to NSDL / CDSL Depository website after successful authentication, wherein user can see e-voting feature. d) Post successful authentication, click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period Login method for shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode. Shareholders holding shares in physical mode / Non-Individual Shareholders holding securities in demat mode as on the cut-off date for e-voting may register and vote on InstaVote as under: 15 STEP 1: LOGIN / SIGNUP on InstaVote Shareholders registered for INSTAVOTE facility: a) Visit URL: https://instavote.linkintime.co.in & click on “Login” under ‘SHARE HOLDER’ tab. b) Enter details as under: 1. User ID: Enter User ID 2. Password: Enter existing Password 3. Enter Image Verification (CAPTCHA) Code 4. Click “Submit”. (Home page of e-voting will open. Follow the process given under “Steps to cast vote for Resolutions”) Shareholders not registered for INSTAVOTE facility: a) Visit URL: https://instavote.linkintime.co.in & click on “Sign Up” under ‘SHARE HOLDER’ tab & register with details as under: 1. User ID: Enter User ID 2. PAN: Enter your 10-digit Permanent Account Number (PAN) (Shareholders who have not updated their PAN with the Depository Participant (DP)/ Company shall use the sequence number provided to you, if applicable. 3. DOB/DOI: Enter the Date of Birth (DOB) / Date of Incorporation (DOI) (As recorded with your DP/Company - in DD/ MM/YYYY format) 4. Bank Account Number: Enter your Bank Account Number (last four digits), as recorded with your DP/Company. • Shareholders, holding shares in NSDL form, shall provide ‘point 4’ above. • Shareholders, holding shares in CDSL form, shall provide ‘point 3’ or ‘point 4’ above. • Shareholders, holding shares in physical form but have not recorded ‘point 3’ and ‘point 4’, shall provide their Folio number in ‘point 4’ above 5. Set the password of your choice. (The password should contain minimum 8 characters, at least one special Character (!#$&*), at least one numeral, at least one alphabet and at least one capital letter). 6. Enter Image Verification (CAPTCHA) Code. 7. Click “Submit” (You have now registered on InstaVote). Post successful registration, click on “Login” under ‘SHARE HOLDER’ tab & follow steps given above in points (a-b). STEP 2: Steps to cast vote for Resolutions through InstaVote A. Post successful authentication and redirection to InstaVote inbox page, you will be able to see the “Notification for e-voting”. B. Select ‘View’ icon. E-voting page will appear. C. Refer the Resolution description and cast your vote by selecting your desired option ‘Favour / Against’ (If you wish to view the entire Resolution details, click on the ‘View Resolution’ file link). D. After selecting the desired option i.e. Favour / Against, click on ‘Submit’. E. A confirmation box will be displayed. If you wish to confirm your vote, click on ‘Yes’, else to change your vote, click on ‘No’ and accordingly modify your vote. NOTE: Shareholders may click on “Vote as per Proxy Advisor’s Recommendation” option and view proxy advisor recommendations for each resolution before casting vote. “Vote as per Proxy Advisor’s Recommendation” option provides 16 access to expert insights during the e-Voting process. Shareholders may modify their vote before final submission. Once you cast your vote on the resolution, you will not be allowed to modify or change it subsequently. Non-Individual Body corporate shareholders shall send a scanned copy of the board resolution authorising its representative to vote, to the scrutinizer at csnaman@ngjoshiandco.com with a copy marked to RTA at enotices@in.mpms. mufg.com and the company at registered email address. Guidelines for Institutional shareholders (“Custodian / Corporate Body/ Mutual Fund”) STEP 1 – Custodian / Corporate Body/ Mutual Fund Registration A. Visit URL: https://instavote.linkintime.co.in B. Click on “Sign Up” under “Custodian / Corporate Body/ Mutual Fund” C. Fill up your entity details and submit the form. D. A declaration form and organization ID is generated and sent to the Primary contact person email ID (which is filled at the time of sign up). The said form is to be signed by the Authorised Signatory, Director, Company Secretary of the entity & stamped and sent to insta.vote@linkintime.co.in. E. Thereafter, Login credentials (User ID; Organisation ID; Password) is sent to Primary contact person’s email ID. (You have now registered on InstaVote) STEP 2 – Investor Mapping A. Visit URL: https://instavote.linkintime.co.in and login with InstaVote Login credentials. B. Click on “Investor Mapping” tab under the Menu section C. Map the Investor with the following details: 1) ‘Investor ID’ – Investor ID for NSDL demat account is 8 Character DP ID followed by 8 Digit Client ID i.e., IN00000012345678; Investor ID for CDSL demat account is 16 Digit Beneficiary ID. 2) ‘Investor’s Name - Enter Investor’s Name as updated with DP. 3) ‘Investor PAN’ - Enter your 10-digit PAN. 4) ‘Power of Attorney’ - Attach Board resolution or Power of Attorney and send the same in pdf format to the scrutinizer at email ID: csnaman@ngjoshiandco.com. NOTE: File Name for the Board resolution/ Power of Attorney shall be – DP ID and Client ID or 16 Digit Beneficiary ID. Further, Custodians and Mutual Funds shall also upload specimen signatures. D. Click on Submit button. (The investor is now mapped with the Custodian / Corporate Body/ Mutual Fund Entity). The same can be viewed under the “Report section”. STEP 3 – Steps to cast vote for Resolutions through InstaVote The corporate shareholder can vote by two methods, during the remote e-voting period. METHOD 1 - VOTES ENTRY a) Visit URL: https://instavote.linkintime.co.in and login with InstaVote Login credentials. b) Click on “Votes Entry” tab under the Menu section. c) Enter the “Event No.” for which you want to cast vote. Event No. can be viewed on the home page of InstaVote under “On-going Events”. d) Enter “16-digit Demat Account No.”. e) Refer the Resolution description and cast your vote by selecting your desired option ‘Favour / Against’ (If you wish to view the entire Resolution details, click on the ‘View Resolution’ file link). After selecting the desired option i.e. Favour / Against, click on ‘Submit’. f) A confirmation box will be displayed. If you wish to confirm your vote, click on ‘Yes’, else to change your vote, click on ‘No’ and accordingly modify your vote. (Once you cast your vote on the resolution, you will not be allowed to modify or change it subsequently). 17 METHOD 2 - VOTES UPLOAD a) Visit URL: https://instavote.linkintime.co.in and login with InstaVote Login credentials. b After successful login, you will see “Notification for e-voting”. c) Select “View” icon for “Company’s Name / Event number”. d) E-voting page will appear. e) Download sample vote file from “Download Sample Vote File” tab. f) Cast your vote by selecting your desired option ‘Favour / Against’ in the sample vote file and upload the same under “Upload Vote File” option. g) Click on ‘Submit’. ‘Data uploaded successfully’ message will be displayed. (Once you cast your vote on the resolution, you will not be allowed to modify or change it subsequently). NOTE: Non-Individual Body corporate shareholders shall send a scanned copy of the board resolution authorising its representative to vote, to the scrutinizer at csnaman@ngjoshiandco.com with a copy marked to RTA at enotices@in.mpms. mufg.com and the company at registered email address. HELPDESK: Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode: Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode facing any technical issue in login may contact INSTAVOTE helpdesk by sending a request at enotices@in.mpms.mufg.com or contact on: - Tel: 022 – 4918 6000. Individual Shareholders holding securities in demat mode: Individual Shareholders holding securities in demat mode may contact the respective helpdesk for any technical issues related to login through Depository i.e., NSDL and CDSL. Login type Helpdesk details Individual Shareholders holding Members facing any technical issue in login can contact NSDL helpdesk by securities in demat mode with NSDL sending request at evoting@nsdl.co.in or call at: 022 - 4886 7000 Members facing any technical issue in login can contact CDSL helpdesk by Individual Shareholders holding sending request at helpdesk.evoting@cdslindia.com or contact at toll free no. securities in demat mode with CDSL 1800 22 55 33 Forgot Password: Individual Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode Individual Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode have forgotten the USER ID [Login ID] or Password or both then the shareholder can use the “Forgot Password” option available on: https://instavote.linkintime.co.in • Click on “Login” under ‘SHARE HOLDER’ tab. • Further Click on “forgot password?” • Enter User ID, select Mode and Enter Image Verification code (CAPTCHA). • Click on “SUBMIT”. In case Custodian / Corporate Body/ Mutual Fund has forgotten the USER ID [Login ID] or Password or both then the shareholder can use the “Forgot Password” option available on: https://instavote.linkintime.co.in • Click on ‘Login’ under “Custodian / Corporate Body/ Mutual Fund” tab • Further Click on “forgot password?” • Enter User ID, Organization ID and Enter Image Verification code (CAPTCHA). • Click on “SUBMIT”. 18 In case shareholders have a valid email address, Password will be sent to his / her registered e-mail address. Shareholders can set the password of his/her choice by providing information about the particulars of the Security Question and Answer, PAN, DOB/ DOI etc. The password should contain a minimum of 8 characters, at least one special character (!#$&*), at least one numeral, at least one alphabet and at least one capital letter. Individual Shareholders holding securities in demat mode with NSDL/ CDSL has forgotten the password: Individual Shareholders holding securities in demat mode have forgotten the USER ID [Login ID] or Password or both, then the Shareholders are advised to use Forget User ID and Forget Password option available at above mentioned depository/ depository participants website. General Instructions - Shareholders  It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.  For shareholders/ members holding shares in physical form, the details can be used only for voting on the resolutions contained in this Notice.  During the voting period, shareholders/ members can login any number of time till they have voted on the resolution(s) for a particular “Event”. Team InstaVote MUFG Intime India Private Limited Formerly Link Intime India Private Limited Process and manner for attending the Annual General Meeting through InstaMeet: In terms of Ministry of Corporate Affairs (MCA) General Circular No. 03/2025 dated 22.09.2025, the companies can continue to conduct AGMs by VC or OAVM, as per the existing procedural requirements. Till further orders, the relaxations will remain in force. Unitholders/Members are advised to update their mobile number and email Id correctly in their demat accounts to access InstaMeet facility. Login method for unitholders/members to attend the General Meeting through InstaMeet: a) Visit URL: https://instameet.in.mpms.mufg.com & click on “Login”. b) Select the “Company Name” and register with your following details: c) Select Check Box - Demat Account No. / Folio No. / PAN • Unitholders/Members holding units in NSDL/ CDSL demat account shall select check box -Demat Account No. and enter the 16-digit demat account number. • Unitholders/Members holding units in physical form shall select check box – Folio No. and enter the Folio Number registered with the company. • Unitholders/Members shall select check box – PAN and enter 10-digit Permanent Account Number (PAN). Unitholders/Members who have not updated their PAN with the Depository Participant (DP)/ Company shall use the sequence number provided by MUFG Intime, if applicable. • Mobile No: Mobile No. as updated with DP is displayed automatically. Unitholders/Members who have not updated their Mobile No with the DP shall enter the mobile no. • Email ID: Email Id as updated with DP is displayed automatically. Unitholders/Members who have not updated their Email Id with the DP shall enter the Email Id. d) Click “Go to Meeting” You are now registered for InstaMeet, and your attendance is marked for the meeting. 19 Instructions for unitholders/members to Speak during the General Meeting through InstaMeet: a) Unitholders/Members who would like to speak during the meeting must register their request to co.sec@ westcoastpaper.com from 14th August, 2026 to 16th August, 2026 (preferably one day or 24 hours prior to the date of AGM). b) Unitholders/Members will get confirmation on first cum first basis depending upon the provision made by the company. c) Unitholders/Members will receive “speaking serial number” once they mark attendance for the meeting. Please remember speaking serial number and start your conversation with panellist by switching on video mode and audio of your device. d) Other unitholder/members who has not registered as “Speaker Unitholder/Member” may still ask questions to the panellist via active chat-board during the meeting. *Unitholders/Members are requested to speak only when moderator of the meeting/ management will announce the name and serial number for speaking. Instructions for Unitholders/Members to Vote during the General Meeting through InstaMeet: Once the electronic voting is activated during the meeting, unitholders/members who have not exercised their vote through the remote e-voting can cast the vote as under: a) On the Unitholders VC page, click on link “Cast your vote”. b) Enter your 16-digit Demat Account No. / Folio No. and OTP (received on the registered mobile number/ registered email Id) received during registration for InstaMeet. c) Click on ‘Submit’. d) After successful login, you will see “Resolution Description” and against the same the option “Favour/ Against” for voting. e) Cast your vote by selecting appropriate option i.e. “Favour/Against” as desired. Enter the number of units (which represents no. of votes) as on the cut-off date under ‘Favour/Against’. f) After selecting the appropriate option i.e. Favour/Against as desired and you have decided to vote, click on “Save”. A confirmation box will be displayed. If you wish to confirm your vote, click on “Confirm”, else to change your vote, click on “Back” and accordingly modify your vote. Once you confirm your vote on the resolution, you will not be allowed to modify or change your vote subsequently. Note: Unitholders/ Members, who will be present in the General Meeting through InstaMeet facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting facility during the meeting. Unitholders/ Members who have voted through Remote e-Voting prior to the General Meeting will be eligible to attend/ participate in the General Meeting through InstaMeet. However, they will not be eligible to vote again during the meeting. Unitholders/ Members are encouraged to join the Meeting through Tablets/ Laptops connected through broadband for better experience. Unitholders/ Members are required to use Internet with a good speed (preferably 2 MBPS download stream) to avoid any disturbance during the meeting. Please note that Unitholders/ Members connecting from Mobile Devices or Tablets or through Laptops connecting via Mobile Hotspot may experience Audio/Visual loss due to fluctuation in their network. It is therefore recommended to use stable Wi-FI or LAN connection to mitigate any kind of aforesaid glitches. Helpdesk: Unitholders//Members facing any technical issue in login may contact INSTAMEET helpdesk by sending a request at instameet@in.mpms.mufg.com or contact on: - Tel: 022 – 4918 6000 / 4918 6175. Team InstaMeet MUFG Intime India Private Limited Formerly Link Intime India Private Limited 20 Corporate Overview Statutory Reports Financial Statements Corporate Overview Financial Statements 2 Corporate Information Standalone Financial Statements 3 Ten Year Highlights 90 Independent Auditor’s Report 4 Chairman Speech 102 Balance Sheet 103 Statement of Profit & Loss Statutory Reports 104 Statement of Changes in Equity 105 Cash Flow Statement 7 Directors’ Report 107 Notes to Financial Statements 14 Annexure to Directors’ Report Consolidated Financial Statements 60 Management Discussion & Analysis 155 Independent Auditor’s Report 71 Report on Corporate Governance 164 Balance Sheet 165 Statement of Profit & Loss 166 Statement of Changes in Equity 167 Cash Flow Statement 169 Notes to Financial Statements BSE Market Capitalisation ` 2,67,927 Lakhs as at 31st March, 2026 NSE Market Capitalisation ` 2,68,621 Lakhs as at 31st March, 2026 ` 3/- per share Final Dividend declared (150%) BSE Code 500444 NSE Symbol WSTCSTPAPR 17th August, This Annual Report is available online at AGM Date 2026 /http://www.westcoastpaper.com/investors Video AGM Mode Conferencing FORWARD LOOKING STATEMENT In this Annual Report, we have disclosed forward looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral-that we periodically make contain forward looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identifying such statements by using words such as ‘anticipates, ‘estimate’,‘aspects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward looking statements will be realized, although we believe, we have been prudent in assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialized, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Reader should bear this in their mind. We undertake no obligation to publicly updated any forward looking statements, whether as a results of news information, future events or otherwise. Annual Report 2025-26 | 1 West Coast Paper Mills Limited Corporate Information BOARD OF DIRECTORS REGISTERED OFFICE Shri S. K. Bangur, Chairman & Managing Director Bangur Nagar, Dandeli – 581 325 Shri Saurabh Bangur, Vice Chairman District: Uttar Kannada, Karnataka Phone: (08284) 231391-395 Shri Virendraa Bangur, Joint Managing Director E-mail: co.sec@westcoastpaper.com Smt. Shashi Bangur Shri Shiv Ratan Goenka CORPORATE OFFICE & EAST ZONE Shri Ashok Kumar Garg 31, Jawaharlal Nehru Road Shri Vinod Balmukand Agarwala (Park Street Crossing), Kolkata – 700 016 Smt. Sudha Bhushan Phone:(033) 71500500 Shri Prakash Kacholia E-mail:sales.ho@westcoastpaper.com Shri Rajendra Jain, Executive Director ZONAL OFFICES North Zone MANAGEMENT TEAM 6 C D E, Hansalaya Building Paper and Duplex Board Division 15- Barakhamba Road, New Delhi – 110 001 Shri Rajendra Jain , Executive Director Phone: (011) 40110101, 40110102 Shri Anuj Kumar Tayal, President (Technical) E-mail: wcpm.north@westcoastpaper.com Shri Ashok Kumar Sharma, Senior Vice President (F&A) West Zone Shri Velu V. , Vice President(HR) Free Press House, Office No. 23 to 24, 2nd Floor, Shri Vivek Shrotriya, Vice President (Marketing) Free Press Journal Marg, 215, Nariman Point, Mumbai-400 021 Telecom Cable Division Phone: (022) 35134521-24 Shri Pramod Kumar Srivastava, Chief Executive Officer E-mail:wcpm.west@westcoastpaper.com Shri Sunil Kumar Agarwal, Chief Financial Officer South Zone-1 23/1 Kanakasri Nagar CHIEF FINANCIAL OFFICER Off Cathedral Road, Chennai-600 086 Shri Rajesh Bothra Phone: (044) 28111654, 28111299 E-mail:wcpm.south@westcoastpaper.com COMPANY SECRETARY South Zone -2 Shri Brajmohan Prasad "Chandrakiran Building", 4th Floor, 10/A, Kasturba Road, Bangalore-560 001 Phone: (080)22231828-1829 BANKERS E-mail: wcpm.south2@westcoastpaper.com Central Bank of India South Zone -3 State Bank of India Krishe Sapphire Building, 1st Floor, ICICI Bank Ltd. 1-89/3/B/40 to 42/KS/107/A, IDBI Bank Ltd. Hitech City Main Road, Madhapur, Standard Chartered Bank Hyderabad – 500 081, Telangana Axis Bank Ltd. Phone: (044) 40276854, E-mail: wcpm.south3@westcoastpaper.com STATUTORY AUDITORS TELECOM CABLE DIVISION Singhi & Co, Kolkata West Coast Optilinks Plant 1: Plot No. 386/387, KIADB, Electronic City COST AUDITOR Hebbal Industrial Area, Mysore – 570 016 Shri Umesh Kini, Bangalore Phone:(0821) 2404059,4281980 E-mail: info@westcoastoptilinks.com SECRETARIAL AUDITOR Plant 2: Plot No. S-9B and S-9C, Electronic City, N G J & Co., Bangalore Raviryala Village, Maheswaram, Ranga Reddy-501359, Telangana. LEGAL ADVISORS Phone:(040) 23818899 Khaitan & Co., Mumbai E-mail:infor@westcoastioptilinks.com Company website: www.westcoastpaper.com 2 | Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements West Coast Paper Mills Limited Corporate Information Ten Year Highlights BOARD OF DIRECTORS REGISTERED OFFICE Shri S. K. Bangur, Chairman & Managing Director Bangur Nagar, Dandeli – 581 325 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 Shri Saurabh Bangur, Vice Chairman District: Uttar Kannada, Karnataka PRODUCTION Phone: (08284) 231391-395 Shri Virendraa Bangur, Joint Managing Director PAPER & PAPER BOARD Tonnes 319933 318590 303766 314919 296785 229017 313876 304957 290844 313311 E-mail: co.sec@westcoastpaper.com Smt. Shashi Bangur OPTICAL FIBRE CABLE Km 109564 105481 84719 72246 63630 54396 37392 40097 28405 29802 Shri Shiv Ratan Goenka CORPORATE OFFICE & EAST ZONE Shri Ashok Kumar Garg 31, Jawaharlal Nehru Road SALES Shri Vinod Balmukand Agarwala (Park Street Crossing), Kolkata – 700 016 PAPER &PAPER BOARD Tonnes 320567 313823 304950 310349 303715 234667 304762 301931 291512 317951 Smt. Sudha Bhushan Phone:(033) 71500500 OPTICAL FIBRE CABLE Km 108022 108626 79387 81388 63470 54982 37510 37930 28665 30936 Shri Prakash Kacholia E-mail:sales.ho@westcoastpaper.com OPERATING RESULTS Shri Rajendra Jain, Executive Director ZONAL OFFICES TURNOVER `/Lakhs 249113 250160 261490 279086 196880 136182 197251 196852 172222 187028 North Zone MANAGEMENT TEAM EBITDA `/Lakhs 38276 49970 75243 94806 43556 20105 52879 52965 38115 34022 6 C D E, Hansalaya Building Paper and Duplex Board Division 15- Barakhamba Road, New Delhi – 110 001 EBITDA % 15 19 28 33 22 15 26 26 22 18 Shri Rajendra Jain , Executive Director Phone: (011) 40110101, 40110102 Shri Anuj Kumar Tayal, President (Technical) FINANCE COST `/Lakhs 2225 2010 1913 2934 5279 6518 7496 2925 4237 5157 E-mail: wcpm.north@westcoastpaper.com Shri Ashok Kumar Sharma, Senior Vice President (F&A) West Zone GROSS PROFIT(PBDT) `/Lakhs 36050 47959 73330 91872 38277 13587 45675 50068 33878 28272 Shri Velu V. , Vice President(HR) Free Press House, Office No. 23 to 24, 2nd Floor, DEPRECIATION `/Lakhs 13248 11278 10905 11936 13833 15349 16637 17526 11622 11077 Shri Vivek Shrotriya, Vice President (Marketing) Free Press Journal Marg, 215, Nariman Point, Mumbai-400 021 TAXATION `/Lakhs 7437 8730 15784 22693 4495 199 4750 6800 4551 3654 Telecom Cable Division Phone: (022) 35134521-24 MAT CREDIT ENTITLEMENT `/Lakhs - - 138 (19) - 319 (1367) (2129) (4551) (3654) Shri Pramod Kumar Srivastava, Chief Executive Officer E-mail:wcpm.west@westcoastpaper.com Shri Sunil Kumar Agarwal, Chief Financial Officer South Zone-1 DEFERRED TAX `/Lakhs 12 (519) (1116) (1450) (1861) (2485) (1985) (1735) (67) 4938 23/1 Kanakasri Nagar NET PROFIT/(LOSS) /OCI `/Lakhs 15353 28471 49599 58261 21570 291 27169 29631 22267 12258 CHIEF FINANCIAL OFFICER Off Cathedral Road, Chennai-600 086 FINANCIAL POSITION Shri Rajesh Bothra Phone: (044) 28111654, 28111299 E-mail:wcpm.south@westcoastpaper.com GROSS BLOCK `/Lakhs 303832 295851 279922 263563 260455 256097 254597 244131 229298 215871 COMPANY SECRETARY South Zone -2 DEPRECIATION `/Lakhs 224742 212480 203698 194802 184301 170807 158489 141919 126044 115432 Shri Brajmohan Prasad "Chandrakiran Building", 4th Floor, 10/A, Kasturba Road, Bangalore-560 001 NET BLOCK `/Lakhs 79090 83371 76224 68761 76154 85290 96108 102212 103254 100439 BANKERS Phone: (080)22231828-1829 PAID UP CAPITAL `/Lakhs 1321 1321 1321 1321 1321 1321 1321 1321 1321 1321 E-mail: wcpm.south2@westcoastpaper.com Central Bank of India RESERVES & SURPLUS `/Lakhs 281107 269161 246725 203730 149432 128523 128232 109031 82580 62594 South Zone -3 State Bank of India Krishe Sapphire Building, 1st Floor, NET WORTH `/Lakhs 282428 270482 248046 205051 150753 129844 129553 110352 83901 63915 ICICI Bank Ltd. 1-89/3/B/40 to 42/KS/107/A, BORROWINGS `/Lakhs 8768 15409 14922 16499 40844 65030 76691 40021 30416 49986 IDBI Bank Ltd. Hitech City Main Road, Madhapur, Standard Chartered Bank Hyderabad – 500 081, Telangana CAPITAL EMPLOYED `/Lakhs 291196 285891 262968 221550 191597 194874 206244 150373 114317 113901 Axis Bank Ltd. Phone: (044) 40276854, OTHER KEY PARAMETERS E-mail: wcpm.south3@westcoastpaper.com EARNINGS PER SHARE(FV ` 2) ` 23.25 43.11 72.10 88.89 33.02 0.31 41.85 44.82 33.80 19.46 STATUTORY AUDITORS TELECOM CABLE DIVISION Singhi & Co, Kolkata BOOK VALUE PER SHARE ` 428 410 376 310 228 197 196 167 127 97 West Coast Optilinks Plant 1: Plot No. 386/387, KIADB, Electronic City DIVIDEND % 150 250 400 500 300 50 250 250 200 125 COST AUDITOR Hebbal Industrial Area, Mysore – 570 016 DIVIDEND `/Lakhs 1982 3303 5284 6605 3963 660 3302 3302 2642 1651 Shri Umesh Kini, Bangalore Phone:(0821) 2404059,4281980 E-mail: info@westcoastoptilinks.com DEBT EQUITY RATIO 03:97 06:94 06:94 07:93 21:79 33:67 37:63 27:73 27:73 44:56 SECRETARIAL AUDITOR Plant 2: Plot No. S-9B and S-9C, Electronic City, N G J & Co., Bangalore Raviryala Village, Maheswaram, Ranga Reddy-501359, Telangana. LEGAL ADVISORS Phone:(040) 23818899 Khaitan & Co., Mumbai E-mail:infor@westcoastioptilinks.com Company website: www.westcoastpaper.com 2 | Annual Report 2025-26 Annual Report 2025-26 | 3 West Coast Paper Mills Limited From the desk of Chairman & Managing Director Dear Shareholders Periods of uncertainty often reveal the true strength of an institution. They test resilience, reinforce discipline and remind us that sustainable progress is built not merely in favourable conditions, but through perseverance, clarity of purpose and the ability to adapt with confidence. It was in this spirit that West Coast Paper navigated FY 2025-26. 4 | Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements West Coast Paper Mills Limited From the desk of Even as we continue to build new avenues of growth, Chairman & Managing I firmly believe that our paper and paperboard Director business remains the foundation of West Coast Paper. The year under review presented a demanding business In the cable division, optical fibre cable production increased to environment marked by uneven market conditions, sustained cost 1,09,564 km from 1,05,481 km in the previous year. Sales stood at pressures and heightened competitive intensity across industries. 1,08,022 km compared with 1,08,626 km in FY 2024-25. Further, Despite these challenges, your Company remained firmly focused the newly commissioned optical fibre plant added a significant on the fundamentals that have consistently guided our journey — new dimension to our operations, recording production of 26.50 operational discipline, product quality, customer trust, responsible lakh FKM and sales of 8.14 lakh FKM during the year. growth and long-term value creation. Financial performance in a demanding year It gives me immense pleasure to present the Annual Report for FY The financial performance of FY 2025-26 should be seen in the 2025-26. This year reaffirmed an important principle: organisations context of lower realisations in paper, a rise in wood cost and with strong foundations, committed people and a clear strategic a generally challenging margin environment. Revenue from direction are able not only to withstand uncertainty, but also to operation stood at ` 2,498 crores, compared to ` 2,511 crores in FY emerge stronger and more future-ready. 2024-25. Profit after tax stood at Rs. 154 crores, compared to ` 285 The broader landscape of growth and change crores in FY 2024-25. Earnings per share stood at Rs. 23 compared with Rs. 43 in the previous year, clearly indicating the effect of a India’s economic landscape during the year continued to softer margin profile on the year’s performance. demonstrate resilience, supported by robust domestic demand, infrastructure-led investments and policy initiatives aimed at On a consolidated basis, revenue from operations stood at long-term capacity creation. Inflationary pressures moderated ` 4,279 crores, compared with ` 4,062 crores in FY 2024-25. At the gradually, while public and private investments continued to same time, profitability came under pressure. Consolidated profit support industrial and economic momentum. after tax stood at Rs. 156 crores against Rs. 336 crores in FY 2024-25. For the paper and paperboard industry, the environment remained The Board has recommended a dividend of 150% i.e. ` 3 per equity a blend of opportunity and challenge. Demand continued to be share of ` 2 each for FY 2025-26. This recommendation reflects the supported by sectors such as FMCG, e-commerce, pharmaceuticals, Company’s balanced approach towards rewarding shareholders education and speciality packaging applications. The increasing while preserving financial strength to support future growth and preference for sustainable and paper-based packaging solutions strategic investments. also strengthened the long-term outlook for the industry. At the Diversification as a source of resilience same time, pressure from low-priced imports, volatile raw material costs and softer realisations in certain segments impacted industry Even as we continue to build new avenues of growth, I firmly profitability. believe that our paper and paperboard business remains the foundation of West Coast Paper. It is the business that has shaped Parallelly, the optical fibre and cable business continued to our identity, earned the trust of generations of customers and emerge as a strategic growth avenue. The rapid expansion of continues to serve as the cornerstone of our performance. digital infrastructure, 5G deployment, broadband connectivity, Contributing nearly 89% of total revenue during FY 2025-26, this data centres and smart utility networks is creating strong long- division reflects strong manufacturing capabilities, operational Dear Shareholders term demand for optical fibre solutions. This aligns well with West discipline and a market reputation built over decades. Coast Paper’s strategy of building a diversified and future-oriented business portfolio beyond the traditional boundaries of the paper Under the WESCO brand, the Company serves a diverse range of Periods of uncertainty often reveal the industry. applications, from premium printing papers to customised security true strength of an institution. They test papers for banks. This demonstrates that leadership in the paper Building strength through operations resilience, reinforce discipline and remind industry is built not merely on scale, but equally on trust, quality, us that sustainable progress is built not Operationally, FY 2025-26 reflected consistency in execution and consistency and the ability to evolve with customer requirements. the unwavering commitment of our teams across businesses. In merely in favourable conditions, but through At the same time, one of the most significant developments the paper and paperboard division at Dandeli, production stood perseverance, clarity of purpose and the ability in the evolution of West Coast Paper is the growing depth of at 3,19,933 MT as against 3,18,590 MT in the previous year, with diversification. Today, the Company is no longer defined solely by its to adapt with confidence. It was in this spirit capacity utilisation reaching 99.98%. Sales volumes increased to long-standing presence in paper and paperboard. Our expanding that West Coast Paper navigated FY 2025-26. 3,20,567 MT compared with 3,13,823 MT in FY 2024-25, reaffirming footprint in optical fibre cable and optical fibre manufacturing has the strength of our manufacturing capabilities and market added a strategically important and future-oriented dimension to presence. the business. 4 | Annual Report 2025-26 Annual Report 2025-26 | 5