West Coast Paper Mills reports RPTs of ₹1,734.59 lakh
West Coast Paper Mills disclosed related party transactions totaling ₹1,734.59 lakh for the half year ended March 31, 2026. Key transactions include remuneration to KMPs, rent paid to promoters, and statutory contributions approved by the board and shareholders.
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West Coast Paper Mills has filed its related party transactions on a consolidated basis for the half year ended March 31, 2026, with BSE Limited and National Stock Exchange of India Limited. The disclosure, submitted pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines financial dealings with promoters, directors, and other related entities. The total value of transactions recorded during the reporting period amounted to ₹1,734.59 lakh.
The transactions primarily include rent paid and reimbursement of expenses to promoter entities, remuneration to key managerial personnel (KMP), and statutory contributions to employee benefit trusts. The audit committee and the board of directors approved the majority of these transactions, while certain remuneration payments were authorized by shareholders and the nomination and remuneration committee (NRC).
Transactions with Promoters and Related Entities
The company engaged in several transactions with promoter group entities and individuals for rent and expense reimbursements. Veer Enterprises Ltd. and Shree Satyanarayan Investment Company Ltd., both identified as promoters, received ₹99.77 lakh and ₹61.62 lakh respectively. Other related parties, such as Siddhi Trade & Holdings Pvt. Ltd. and The Marwar Textiles Agency Pvt Ltd, received ₹10.40 lakh and ₹2.90 lakh respectively for similar purposes.
Rent was also received from Gloster Cables Ltd., a company in which a director is common, amounting to ₹7.14 lakh. Additionally, the Ragnath Bangur Charitable Trust received ₹75.00 lakh towards charity and donations.
Remuneration and Sitting Fees
Key managerial personnel and directors received significant remuneration and sitting fees during the period. Shri Shree Kumar Bangur, Chairman and Managing Director, received ₹495.38 lakh, while Shri Virendraa Bangur, Joint Managing Director, received ₹283.02 lakh. Shri Rajendra Jain, Executive Director, was paid ₹135.75 lakh.
The CFO, Shri Rajesh Bothra, and Company Secretary Shri Brajmohan Prasad received ₹31.80 lakh and ₹20.19 lakh respectively, approved by the NRC. Independent directors and non-executive directors received sitting fees ranging from ₹1.00 lakh to ₹3.60 lakh, approved by the board of directors.
Statutory Contributions
The company recorded statutory transactions in the ordinary course of business. The Gratuity Fund of West Coast Paper Mills Ltd received ₹228.98 lakh, while the PF Trust of Andhra Paper Ltd received ₹52.09 lakh towards post-employment benefit plans.
| Related Party | Relationship | Transaction Type | Value (₹ in Lakhs) | Approval Authority |
|---|---|---|---|---|
| Veer Enterprises Ltd. | Promoters | Rent paid and reimbursement of expenses | 99.77 | Audit Committee and Board |
| Shree Satyanarayan Investment Company Ltd. | Promoters | Rent paid and reimbursement of expenses | 61.62 | Audit Committee and Board |
| Shri Shree Kumar Bangur | Chairman and MD (KMP) | Remuneration | 495.38 | Shareholders |
| Shri Virendraa Bangur | JMD (KMP) | Remuneration | 283.02 | Shareholders |
| Gratuity Fund of West Coast Paper Mills Ltd | Other related party | Post Employment Benefit Plan | 228.98 | Statutory |
| Shri Rajendra Jain | Executive Director (KMP) | Remuneration | 135.75 | Shareholders |
| Ragnath Bangur Charitable Trust | Other related party | Charity and Donations | 75.00 | Board of Directors |
| PF Trust of Andhra Paper Ltd | Other related party | Post Employment Benefit Plan | 52.09 | Statutory |
| Shri Saurabh Bangur | MD (KMP) - Andhra Paper Ltd | Remuneration | 188.71 | Shareholders |
| Shri Rajesh Bothra | CFO (KMP) | Remuneration | 31.80 | NRC |
Historical Stock Returns for West Coast Paper Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.13% | +3.96% | +1.11% | +18.69% | +0.68% | +124.05% |
How might the high remuneration packages for key managerial personnel impact shareholder sentiment and future retention strategies?
Will the company continue to rely on promoter group entities for rent and expense reimbursements, or are there plans to reduce these related party dependencies?
Could the significant charitable donations to the Ragnath Bangur Charitable Trust signal a shift in the company's corporate social responsibility (CSR) focus?
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