Disclosure of Related Party Transaction pursuant to Regulation 23(9) SEBI (LODR) Reg 2015
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Malt Land Distilleries Limited (formerly Abhijit Trading Company Ltd, BSE Scrip: 539560) filed its Related Party Transaction disclosure for Q4 and FY ended March 31, 2026 under SEBI Regulation 23(9). Two related party loan/advance transactions were reported: (1) Rs 13,23,720 to Mrs. Priti Jain (relative of Managing Director Virendra Jain), and (2) Rs 81,62,544 to Mr. Surendra Kumar Jain (brother of MD). Both transactions are classified as loans and advances, with no opening or closing balances outstanding and no audit committee-approved value specified (marked N/A). The disclosure follows the SEBI format circular dated November 22, 2021.
Related party loans to the MD's family members totaling Rs 94.86 lakh may attract scrutiny from investors regarding potential conflicts of interest and corporate governance standards. The NIL balance suggests funds were disbursed and may have been repaid or utilised within the period.