Disclosure of related party transaction for the half year ended on 31st March, 2025
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Max Heights Infrastructure Limited has filed its half-yearly related party transaction disclosure for the period October 2024 to March 2025, as required under SEBI regulations. Key transactions include remuneration of Rs 9.00 lakh to KMP Naveen Narang and Rs 3.24 lakh to Company Secretary Sonali Mathur. A fresh loan of Rs 115 lakh was taken from Pitampura Leasing & Housing Finance Ltd (a KMP-controlled entity), on which Rs 6.35 lakh interest was paid. Director Mansi Narang extended a loan of Rs 400 lakh to the company during the period. Naveen Narang repaid Rs 35 lakh of an earlier loan, bringing the balance to zero. Icon Realcon Pvt Ltd, a strategic investment entity, repaid Rs 80 lakh of its loan (closing balance Rs 365 lakh) and the company earned Rs 17.99 lakh as interest. Investments in group companies like Max Heights Developers, New Delhi Realcon, Maxheights Awas, and Suman Villas remained unchanged.
The disclosure shows the company relies on related parties and group entities for funding, with notable loans from a director (Rs 400 lakh) and a KMP-controlled finance firm (Rs 115 lakh). Investors should watch for the terms and repayment of these inter-party loans, as they affect the company's standalone financial position and governance profile.