West Coast Paper Mills Limited has filed a disclosure pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding related party transactions on a consolidated basis for the half year ended March 31, 2026.

The disclosure contains detailed information about various related party transactions categorized as follows:

Rent and Expense Reimbursement Transactions

  • Paid ₹99.77 lakh to Veer Enterprises Ltd. (Promoters) for rent and reimbursement of expenses
  • Paid ₹61.62 lakh to Shree Satyanarayan Investment Company Ltd. (Promoters) for rent and reimbursement of expenses
  • Paid ₹10.40 lakh to Siddhi Trade & Holdings Pvt. Ltd. (Other related party) for rent and reimbursement of expenses
  • Paid ₹17.09 lakh to Shri Shree Kumar Bangur (Promoters) for rent and reimbursement of expenses
  • Paid ₹3.00 lakh to Smt. Shashi Bangur (Promoters) for rent and reimbursement of expenses
  • Paid ₹2.90 lakh to The Marwar Textiles Agency Pvt Ltd (Other related party) for reimbursement of expenses
  • Received ₹7.14 lakh from Gloster Cables Ltd. (Company with common Director) as rent

Statutory and Employment Benefit Transactions

  • Paid ₹228.98 lakh to Gratuity Fund of West Coast Paper Mills Ltd (Other related party) for Post Employment Benefit Plan
  • Paid ₹52.09 lakh to PF Trust of Andhra Paper Ltd (Other related party) for Post Employment Benefit Plan

Key Managerial Personnel Remuneration

  • Paid ₹495.38 lakh to Shri Shree Kumar Bangur (Chairman and Managing Director) as remuneration
  • Paid ₹283.02 lakh to Shri Virendraa Bangur (Joint Managing Director) as remuneration
  • Paid ₹135.75 lakh to Shri Rajendra Jain (Executive Director) as remuneration
  • Paid ₹31.80 lakh to Shri Rajesh Bothra (CFO) as remuneration
  • Paid ₹20.19 lakh to Shri Brajmohan Prasad (Company Secretary) as remuneration
  • Paid ₹188.71 lakh to Shri Saurabh Bangur (Managing Director of Andhra Paper Limited) as remuneration

Director Sitting Fees and Other Transactions

  • Paid sitting fees to various directors ranging from ₹1.00 lakh to ₹3.60 lakh
  • Donated ₹75.00 lakh to Rangnath Bangur Charitable Trust (Other related party) for charity and donations

Approval Status

All transactions were approved by the Audit Committee and Board of Directors. Key managerial remuneration transactions were approved by shareholders. Statutory transactions were conducted in the ordinary course of business.

Financial Impact

The total value of all related party transactions during the reporting period was ₹1,734.59 lakh (₹17.35 crore). All transactions show opening and closing balances of zero, indicating no outstanding amounts at the beginning or end of the period.

The company has taken simultaneous action to publish this information on its website as required by regulations.