Submission of Related Party Transactions for the Second half year ended from 01.10.2024 to 31.03.2025
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India Lease Development Ltd has filed its half-yearly Related Party Transaction disclosure with BSE as required under SEBI LODR Regulation 23(9). The key transactions during October 2024 to March 2025 include remuneration of around Rs 38.89 lakh paid to two Key Managerial Personnel (Murali S and Rohit Madan, the Manager/Company Secretary/CFO), gratuity provisions of about Rs 14.68 lakh for these KMPs, an investment of Rs 1.07 crore in The Motor & General Finance Ltd (a promoter group company), and Rs 31.28 lakh in another related party entity. The total value of related party transactions during the reporting period stands at approximately Rs 2.40 crore. All transactions were with related parties such as KMPs and promoter group entities.
This is a routine regulatory disclosure and not a material event for shareholders. The transactions primarily consist of standard KMP remuneration and existing investments in promoter group companies, so there is no immediate implication for stock price or shareholder value.