DISCLOSURE OF RELATED PARTY TRANSACTIONS PURSUANT TO REGULATION 23(9) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION, 2015 (LISTING REGULATIONS)
Awaiting price reaction for this filing.
Master Chemicals Limited has filed its half-yearly disclosure of related party transactions for October 1, 2024 to March 31, 2025, as mandated under SEBI Listing Regulations. The disclosure covers two Sahara group entities: Sahara India (Mumbai branch) and Sahara India Commercial Corporation Limited (Lucknow branch). With Sahara India, the company paid salaries on its behalf across multiple dates totalling roughly ₹5.11 lakhs and received ₹2.5 lakhs as a fund, pushing the outstanding credit balance from ₹18.14 lakhs to ₹25.75 lakhs. With Sahara India Commercial Corporation, salary payments on behalf totalled roughly ₹2.94 lakhs, increasing its outstanding balance from ₹39.20 lakhs to ₹40.64 lakhs. All transactions are recorded as credit (payable) balances, meaning the company is effectively advancing money on behalf of these related parties. The combined outstanding balance with both Sahara entities stood at approximately ₹66.4 lakhs as of March 31, 2025.
This is a routine semi-annual regulatory filing and is unlikely to move the stock price on its own. However, retail investors should note the continued concentration of exposure to Sahara group entities, which may carry recoverability risk given the well-known financial difficulties of the Sahara group. The absolute amounts are modest, but they reflect ongoing operational linkages rather than arm's-length transactions.