Disclosure of Related Party transaction as per Regulation 23(9) of SEBI (LODR), 2015.
Awaiting price reaction for this filing.
Tiaan Consumer Limited has disclosed a related party transaction for the quarter and financial year ended March 31, 2025. The transaction is a borrowing of Rs. 5,20,00,00,000 (as stated in the filing) from Shanta Agencies Pvt. Ltd. The counterparty is a related party because Mr. Bharat Bhushan, Managing Director of Tiaan Consumer Limited, is also a common director in Shanta Agencies Pvt. Ltd. The disclosure is being made under SEBI LODR Regulation 23(9) using the SEBI format prescribed under Circular dated November 22, 2021. Notably, the value approved by the audit committee is shown as N/A in the disclosure table. The filing has been signed by Bharat Bhushan, Managing Director (DIN: 00538006), and dated May 29, 2025.
This is a large disclosed borrowing from a related party, where the Managing Director is a common director on both sides. Shareholders should watch for any governance concerns, especially given that the audit committee pre-approval value is marked as N/A for such a sizeable transaction, which is unusual under SEBI's related party framework.