1. Based on approval of Audit Committee, the Board Approved the related party transaction between Meta Infotech Limited and Meta Infotech Dubai not exceeding Rs. 4 crores for FY 2025-2026. 2. ....
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The Board of Meta Infotech approved related party transactions with its overseas subsidiaries — Meta Infotech Dubai and Meta Infotech Australia Pty Ltd — each capped at Rs. 4 crores for FY 2025-2026, covering sale/purchase of goods, services, and property. Both entities are related parties by virtue of common shareholding with the promoter group, and the transactions are stated to be at arm's length. The Board also reviewed and ratified the remuneration of directors, KMP, and senior management, including payments to two relatives of Mr. Venu Gopal Peruri (sister and brother-in-law) within the limits of the Companies Act and SEBI LODR norms.
These are routine corporate governance disclosures with no material impact on shareholders — the related party amounts are modest and within approved limits, so investors are unlikely to see a meaningful stock price reaction.