Disclosure of Related Party Transaction for 31-03-2026
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Explicit Finance Ltd disclosed related party transactions for the six months ending 31 March 2026, in compliance with SEBI Listing Regulation 23(9). Two transactions were reported: a loan of Rs 25.00 lakhs given to Voltrix Inc (balance outstanding Rs 25.93 lakhs), and a loan of Rs 3.00 lakhs received from Gopal Dave (fully repaid, zero balance). Notably, Mr. Narendrasinh Zala, who serves as CFO and Executive Director at the company, is a partner in Voltrix Inc, making the Voltrix loan a related party transaction requiring disclosure.
The transactions are relatively small (under Rs 30 lakh combined) and the loan to a related party (Voltrix Inc) is still partly outstanding. Shareholders should note the potential conflict of interest involving the CFO's stake in Voltrix Inc.