Announcement under Regulation 30 of SEBI (LODR) Regulations 2015-Support Service Agreement with Cosmo First Limited.
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Awaiting price reaction for this filing.
Cosmo Ferrites Ltd has entered into a support services agreement with Cosmo First Limited (formerly Cosmo Films Limited), a related party sharing common promoter Mr. Ashok Jaipuria. The agreement runs for one year, from April 1, 2025 to March 31, 2026, and can be terminated by either party with 30 days' notice. The consolidated fee is Rs. 2 lakhs per month plus applicable GST, with out-of-pocket expenses reimbursed on actuals — totaling roughly Rs. 24 lakhs annually plus expenses. The company confirms the transaction is a related party transaction conducted at arm's length.
This is a routine related-party disclosure with a very small financial value (about Rs. 24 lakhs per year) and is unlikely to have any meaningful impact on the stock price or shareholder value. It mainly signals continued operational linkage with the promoter group.