The Board of Directors at its meeting held on today May 15, 2026, has approved the revised Policy on Materiality of Related Party Transactions and on Dealing with Related Party Transactions.
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Luxury Time Ltd's Board of Directors approved a revised Related Party Transactions Policy on May 15, 2026. The policy establishes materiality thresholds for transactions with related parties, with a ceiling of ₹50 crore or 10% of annual consolidated turnover for general RPTs, and 5% for brand usage/royalty payments. The policy defines material modifications as changes exceeding 20% of approved transaction value or alterations to nature, scope, or commercial terms. It mandates Audit Committee approval for all RPTs and shareholder approval for transactions exceeding materiality thresholds. As an SME listed entity, the company falls under Regulation 15(2) of SEBI LODR. The revised policy aligns with the Companies Act, 2013 and is effective from March 1, 2025.
This is a routine governance update with no immediate financial impact. The revised policy strengthens internal controls over related party dealings, providing greater transparency for shareholders. No specific transactions are being approved under this filing.