Disclosure of Related Party Transactions as per Regulation 23(9) of the Securities and Exchange Board of India(Listing Obligation and Disclosure Requirements) Regulations, 2015 for the ....
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Futuristic Solutions Ltd has disclosed its related party transactions for the six months ended September 30, 2020, filed with BSE under SEBI LODR Regulation 23(9). Key transactions include Rs 1.80 lakh rent paid to Moral Holdings, Rs 3.22 lakh remuneration to Managing Director Mandeep Sandhu, and Rs 11.65 lakh advance against cancellation of claim paid to Futuristic Remedies Ltd. The most material item is a Rs 299.09 lakh advance given to Diana Euro-Chem Private Limited against purchase of a claim backed by land in Dehradun, while Rs 320 lakh was received from Diana linked to sale of the same land to a third party, which is liable to be refunded if the deal falls through. Outstanding balances also include Rs 74.47 lakh invested as partner's capital in Bhangoo & Co, Rs 19.50 lakh recoverable from Futuristic Remedies, and Rs 7 lakh security deposit with Moral Holdings. The disclosure was filed on January 22, 2026, significantly delayed from the original reporting period.
This is a routine compliance disclosure, but the Rs 3.2 crore Dehradun land transaction with Diana Euro-Chem is the most material item — shareholders should note the refund risk if the third-party sale does not materialise. The delayed filing date for a period over five years old may raise governance concerns among investors.