Please find enclosed the half yearly related party disclosure for the half year ended on 30th September, 2025
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Max Heights Infrastucture has filed its half-yearly related party transaction disclosure for April-September 2025 under SEBI LODR Regulation 23(9). The company paid ₹16.12 lakh as remuneration to two KMPs — ₹12 lakh to Naveen Narang and ₹4.12 lakh to Sonali Mathur (Company Secretary). Director Mansi Narang fully repaid a ₹400 lakh loan during the period, bringing her loan balance to zero. Pitampura Leasing & Housing Finance (a KMP-controlled entity) repaid ₹50 lakh of its loan, reducing its balance from ₹115 lakh to ₹65 lakh, along with ₹3.80 lakh interest paid. The company recovered ₹100 lakh from Icon Realcon (loan balance down from ₹399.05 lakh to ₹299.05 lakh) and earned ₹13.11 lakh interest from it. Additionally, the ₹54.50 lakh investment in Icon Realcon was fully divested.
Net effect is a meaningful deleveraging — roughly ₹550 lakh of related-party loans and investments were settled or recovered in just six months, signaling balance-sheet cleanup and reduced related-party exposure, which is generally viewed positively by minority shareholders.