Submission of Disclosure of Related Party Transactions under Regulation 23 (9) read with regulation 15 of SEBI (Listing Obligations and Disclosure requirements), Regulations, 2015
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Chemkart India, listed on BSE SME platform on 14 July 2025, has filed its related party transaction (RPT) disclosure for H2 FY2026. The company paid a BSE penalty of INR 11,800 on 30 December 2025 for alleged non-compliance with Regulation 23(9), though the company contests this since SME-listed firms get six months under Regulation 15(2)(b). On a standalone basis, total RPTs were INR 777.42 lakhs and on consolidated basis INR 671.66 lakhs. Key transactions include a INR 50 crore investment in subsidiary Easy Raw Material, INR 1.2 crore each to promoter-directors Parul and Ankit Mehta towards IPO expense reimbursement, unsecured loans of INR 5 crore each from/to related parties (including a INR 5 crore loan from Parul Mehta for a warehouse at Bhiwandi and INR 5 crore to Easy Raw Material for land acquisition on lease), director remuneration, rent income from subsidiaries, and sale of goods worth INR 1 crore to Moksha Lifecare (an entity influenced by key managerial personnel).
Routine RPT disclosure with no material negative signals; the penalty paid is nominal and the company has contested the non-compliance claim. Investors should note the significant intercompany fund flows, loans to/from promoters and subsidiaries, and the company's reliance on promoter-related entities for capital and operations.