West Coast Paper Mills reports related party transactions worth ₹1,449.13 lakh

Kinjal — Wed, 27 May 2026 11:32:16 +0000

West Coast Paper Mills Limited disclosed related party transactions amounting to ₹1,449.13 lakh for the half year ended 31 March 2026. The company provided this information in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The transactions involved various parties related to the company, including promoters and other related entities. Notably, the largest transaction was with Shri Shree Kumar Bangur, the Chairman and Managing Director, amounting to ₹495.38 lakh as remuneration. Other significant transactions included ₹283.02 lakh paid to Shri Virendraa Bangur, the Joint Managing Director, and ₹228.98 lakh to the Gratuity Fund of West Coast Paper Mills Ltd as a post-employment benefit plan.

Additionally, rent and reimbursement of expenses were recorded with several entities, such as Veer Enterprises Ltd (₹99.77 lakh), Shree Satyanarayan Investment Company Ltd (₹61.62 lakh), and Siddhi Trade & Holdings Pvt. Ltd (₹10.40 lakh). The company also received ₹7.14 lakh in rent from Gloster Cables Ltd, where a director is common.

All transactions were approved by the Audit Committee and, where applicable, by the Board of Directors or shareholders, ensuring compliance with statutory requirements and the ordinary course of business.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Gloster Cables | Business Upturn

West Coast Paper Mills reports related party transactions worth ₹1,449.13 lakh