Disclosure of Related Party Transaction
Awaiting price reaction for this filing.
Lynx Machinery & Commercials Ltd has disclosed related party transactions totaling approximately Rs. 8.04 crore for the half year ended 31st March 2025, as required under SEBI LODR Regulation 23(9). The transactions are all loans and deposits given by the company to its directors and entities connected to them. Major loans include Rs. 2.5 crore each to Pradyumna Jajodia and Srawan Kumar Jajodia, Rs. 1 crore each to Padmanabh Jajodia and Devang Jajodia, and another Rs. 1 crore to Pradyumna Jajodia. Additionally, a deposit of Rs. 4 lakh was placed with Amisha Engineering Pvt Ltd, another related entity. Outstanding balances on these loans range from about Rs. 3.16 lakh to Rs. 2.33 crore as of the reporting date.
Significant funds have been extended from the company to its promoter-director group and related entities, which may raise governance concerns among minority shareholders about capital being deployed outside the core business. Investors should monitor recovery of these loans and any future related party dealings.