Royal Cushion Vinyl Products Limited has submitted disclosures of related party transactions for the half year ended March 2026 pursuant to Regulation 23(9) of SEBI (LODR) Regulations, 2015. All transactions were approved by the Audit Committee.
Key Transaction Details:
Transactions with Natroyal Industries Pvt. Ltd. (Associate):
- Purchase/Rent Paid: Approved value ₹3,00,00,000; Actual transaction value ₹83,86,984; Opening balance ₹3,58,87,652; Closing balance ₹8,60,73,906
- Sales/Rent Received: Approved value ₹3,00,00,000; Actual transaction value ₹2,78,26,742
- Loan (Repayment)/Net: Approved value ₹14,00,00,000; Actual transaction value (₹1,49,34,906); Opening balance ₹12,48,73,697; Closing balance ₹10,99,38,792
Remuneration to Key Management Personnel:
- Mahesh K Shah: Approved ₹9,00,000; Actual ₹6,75,000
- Suvrat Shah: Approved ₹12,00,000; Actual ₹10,53,000
- Vikash Mittal: Approved ₹50,000; Actual ₹35,200
- Sarita Khamwani: Approved ₹6,00,000; Actual ₹1,94,040
- Omprakash Inani: Approved ₹40,00,000; Actual ₹29,93,874
Loan Transactions with Associates:
- Royal Spinwell and Developers Private Limited: Approved ₹31,00,00,000; Opening balance ₹30,28,24,000; Closing balance ₹30,28,24,000
Loan Transactions with Relatives/Directors:
- Vinod Shah (Relative): Approved ₹7,00,000; Actual transaction (₹1,60,000); Closing balance ₹1,60,000
- Mukesh Motasha (Relative): Approved ₹2,00,000; Opening balance ₹1,70,000; Closing balance ₹1,70,000
- Jayesh Motasha (Director): Approved ₹5,00,00,000; Actual ₹1,89,20,000; Opening balance ₹1,04,23,717; Closing balance ₹2,93,43,717
- Mahesh K Shah (Director): Approved ₹15,00,00,000; Actual ₹16,10,000; Opening balance ₹9,74,91,983; Closing balance ₹9,91,01,983
All transactions were conducted in compliance with SEBI LODR regulations and were approved by the company's Audit Committee. The disclosure provides complete transparency about the nature, value, and balances of related party transactions during the reporting period.