Regulation 23(9) of SEBI (LODR) Regulations 2015-Disclosure of Related Party Transactions
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West Coast Paper Mills Ltd has disclosed Related Party Transactions on a consolidated basis for the half year ended March 31, 2026, as required under SEBI (LODR) Regulations. The total value of transactions during the reporting period amounts to Rs. 1,734.59 Lakhs. The transactions include rent payments to promoter-related entities (Veer Enterprises, Shree Satyanarayan Investment, Siddhi Trade & Holdings), remuneration to KMPs (Chairman & MD Shri Shree Kumar Bangur Rs. 495.38L, Joint MD Shri Virendraa Bangur Rs. 283.02L, Executive Director Shri Rajendra Jain Rs. 135.75L, CFO and Company Secretary), sitting fees to independent and non-executive directors, gratuity fund contributions (Rs. 228.98L), and donations to Rangnath Bangur Charitable Trust (Rs. 75L). Transactions from subsidiary Andhra Paper Limited are also included. All transactions have been approved by the Audit Committee, Board of Directors, or Shareholders as applicable.
All related party transactions were properly approved through established governance mechanisms. The company maintains transparency with zero outstanding balances on most transactions. Total transaction value of Rs. 17.35 crore is relatively modest, indicating routine and arm's length dealings with related parties.