Pursuant to Regulation 23(9) of SEBI (LODR) Regulations, 2015, please find enclosed herewith Related Party Transactions drawn in accordance with applicable accounting standards for the ....
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U.P. Hotels Limited (Clarks Group) has filed its half-yearly related party transaction disclosure for October 2024 to March 2025, as required by SEBI's listing rules. The biggest payouts went to its two Joint Managing Directors & CFOs: Rupak Gupta received Rs. 142.33 lakh as remuneration and Apurv Kumar received Rs. 109.09 lakh plus Rs. 1.20 lakh in rent. Several members of the promoter Gupta and Kumar families received smaller remuneration amounts, ranging from Rs. 2.14 lakh to Rs. 9.50 lakh each, totalling roughly Rs. 45 lakh. On the business side, Tortoise Livelihood Private Limited paid the company Rs. 38.87 lakh as franchisee fee, while Silk Emporium and The Jaipur Shop paid small licence fees. The company reported having no subsidiary companies, and most of the long list of related entities had no transactions during the period.
This is a routine regulatory disclosure, not an action-triggering event. It confirms that the two promoter-family Joint MDs together took home about Rs. 2.5 crore in six months and that a significant chunk of revenue comes from a related franchisee entity — useful for investors tracking promoter compensation and related-party dependence.