West Coast Paper Mills Limited has informed the Exchange about Regulation 23(9) of SEBI LODR Regulations-Disclosure of Related Party Transactions.
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West Coast Paper Mills Limited has disclosed related party transactions for the half year ending March 31, 2026. The total transaction value was Rs. 1,734.59 lakhs. Key transactions include rent payments to promoter entities like Veer Enterprises (Rs. 99.77L), Shree Satyanarayan Investment Company (Rs. 61.62L), and Siddhi Trade & Holdings (Rs. 10.40L). KMP remuneration covered Chairman & MD Shree Kumar Bangur (Rs. 495.38L), Joint MD Virendraa Bangur (Rs. 283.02L), Executive Director Rajendra Jain (Rs. 135.75L), CFO Rajesh Bothra (Rs. 31.80L), and Company Secretary Brajmohan Prasad (Rs. 20.19L). Transactions also include Rs. 228.98L to Gratuity Fund and Rs. 75L in donations to Rangnath Bangur Charitable Trust. All transactions were properly approved by Audit Committee, Board, or Shareholders.
The disclosure demonstrates transparency in related party dealings with proper approvals in place. No material concerns as transactions are routine and approved through required governance channels. However, the substantial remuneration to KMPs and rent payments to promoter entities warrant investor attention.