In compliance with Regulation 23(9) of the SEBI(Listing Obligations & Disclosure Requirements, 2015 with the Stock Exchange please find attached herewith the disclosure of related party ....
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Ludlow Jute & Specialities has filed its half-yearly related party transaction disclosure under SEBI LODR Regulation 23(9). Total transaction value during the reporting period stood at Rs. 3,493.58 lakhs (approx. Rs. 34.9 crore). The largest items were loans and interest payments to promoter group entities, including Rs. 1,655 lakhs loan and Rs. 199.53 lakhs interest to Gold View Financial Services, Rs. 627 lakhs loan to Panchjanya Distributors, and Rs. 75 lakhs loan plus Rs. 30.26 lakhs interest to Ambica Capital Market. The company also made significant purchases from promoter group firms such as Kelvin Jute (Rs. 187.59 lakhs), Ambica Jute Mills (Rs. 140.21 lakhs), and Bally Jute Company (Rs. 93.13 lakhs). Remuneration to key managerial personnel and sitting fees to directors, along with a Rs. 162.48 lakh contribution to the Ludlow Jute Co. Provident Fund, were also disclosed. All transactions were approved by the audit committee.
This is a routine compliance filing and not a new corporate action. It highlights the company's continued reliance on promoter group entities for funding and sourcing, which minority investors should monitor for related-party governance. No immediate stock price impact is expected from this disclosure.