Disclosure w.r.t related party transaction for the half year ended 31.03.2025
Awaiting price reaction for this filing.
RCC Cements has filed its half-yearly related party transaction disclosure with BSE as required under SEBI's Listing Regulations. The key items include: (1) an unsecured loan of about Rs. 50 lakhs with interest of Rs. 2.70 lakhs to Omkam Global Capital Pvt Ltd, where the closing balance stood at Rs. 123.56 lakhs against an opening of Rs. 120.86 lakhs — however, Omkam Global is no longer a related party since 30 September 2024 as the common director's tenure ended. (2) Remuneration of Rs. 15 lakhs each to Ms. Shimpy Goyal (Company Secretary), Mr. Rajesh Kumar (outgoing CFO, resigned 4 March 2025), and Mr. Soban Singh Aswal (new CFO, appointed 17 March 2025). The filing explicitly notes there were no new related party transactions entered into during the reporting period.
This is a routine regulatory disclosure with no new related party deals undertaken in the period, so no fresh financial impact on shareholders. The only material event is the CFO transition during March 2025, which investors may note as a key managerial change.