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Explicit Finance Ltd has disclosed its related party transactions for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 23(9). The disclosure lists seven key managerial personnel (KMPs), including the Managing Director, Executive Director, CFO, and independent directors. Three transactions were reported: Chairman Gopal Dave gave the company an advance of Rs. 26 lakh (fully repaid), the company paid Mr. Dave Rs. 1.05 lakh as rent, and paid CFO Siddhesh Patil Rs. 3.60 lakh as salary. All outstanding balances as on March 31, 2025 stood at Nil, indicating no amounts were owed at year-end.
This is a routine regulatory disclosure with no material financial impact — all related party transactions are small in scale relative to operations and all balances are nil, posing no concern for shareholders.