Related Party Transactions half yearly report March 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lakshmi Electrical Control Systems Ltd has submitted its half-yearly related party transactions report to BSE, covering the period from 1st October 2024 to 31st March 2025, as required under SEBI LODR Regulation 23(9). The largest counterparty is LMW Limited (formerly Lakshmi Machine Works), with sales of goods worth ₹9,392.81 lakhs and purchases of ₹535.25 lakhs; outstanding receivables stood at ₹4,454.37 lakhs and payables at ₹338.56 lakhs. Other material transactions include sale of goods to Lakshmi Global FZE (₹477.25 lakhs), purchases from Lakshmi Precision Technologies (₹497.05 lakhs), and rendering of services to Lakshmi Electrical Drives (₹200 lakhs) and Lakshmi Ring Travellers (₹500 lakhs). KMP remuneration was paid to Nethra J S Kumar (₹300 lakhs), A. Thiagarajan (₹60 lakhs), and S. Sathyanarayanan (₹40 lakhs), along with sitting fees of ₹3-3.5 lakhs to each of the five directors. The filings are signed by the Company Secretary and CFO, confirming audit committee approval for FY 2024-25 transaction limits.
This is a routine regulatory disclosure and does not signal any new business development. The heavy transactions with LMW Limited (the promoter-group company) highlight the group's inter-entity dependence, which investors should factor in when assessing the company's standalone revenue and risk profile. No new loans, advances, or investments between related parties have been disclosed.