Related Party Transactions Details

1. Transaction with Arvind Subhashchandra Bharati

  • Counterparty: Arvind Subhashchandra Bharati (PAN: ABQPB0125N)
  • Relationship: Promoter
  • Transaction Type: Advance
  • Additional Disclosure: Related to loans, inter-corporate deposits, advances or investments
  • Nature: Unsecured advance
  • Amount: ₹1,36,25,000

2. Transaction with Solarcopyer Limited

  • Counterparty: Solarcopyer Limited (PAN: AAFCS5240J)
  • Relationship: Management Personnel able to exercise significant influence
  • Transaction Type: Labour Charges - Ambarnath
  • Value during reporting period: ₹26,74,770
  • Opening Balance: -₹17,69,295
  • Closing Balance: ₹26,74,770

3. Transaction with Reprolite Paper (I) Private Limited

  • Counterparty: Reprolite Paper (I) Private Limited (PAN: AABCR3422P)
  • Relationship: Management Personnel able to exercise significant influence
  • Transaction Type: Factory Rent
  • Value approved by audit committee: ₹30,000
  • Value ratified by audit committee: ₹30,000
  • Value during reporting period: ₹30,000
  • Opening Balance: ₹1,83,362
  • Closing Balance: ₹5,900

4. Transactions with Directors and Key Personnel

Directors Sitting Fees:

  • Mahesh Bhagwandas Bakliwal (Director, PAN: ABTPB2910J): No transactions reported
  • Prabhu Shankarappa Biradar (Director, PAN: ABTPB2056M): No transactions reported
  • Mohit Gurnani (Director, PAN: BINPG1945C): ₹39,000 sitting fees (approved, ratified, and during period)
  • Simoli Kalpesh Raval (Director, PAN: BFTPR6686A): ₹45,000 sitting fees (approved, ratified, and during period)

Key Management Personnel:

  • CS Sanskriti Agarwal (CS & Compliance Officer, PAN: CERPA8518L): ₹4,50,000 salary expenses (approved, ratified, and during period)
  • Satish K Wamane (CFO, PAN: AAUPW1793L): No transactions reported

Financial Impact

The disclosure reports total transactions of approximately ₹1.68 crore during the reporting period, comprising primarily of:

  • ₹1.36 crore unsecured advance to promoter
  • ₹26.75 lakh labor charges to related entity
  • ₹84,000 in director sitting fees
  • ₹4.5 lakh in compliance officer salary