Disclosure Under Regulation 23(9) Related Party Transaction for the Half year ended on 30th September, 2025
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PG Foils Ltd has filed its half-yearly disclosure of related party transactions as required under SEBI LODR Regulation 23(9). The total value of related party transactions during the reporting period was ₹1,895.51 lakh (about ₹19 crore). Major activity included sale of goods worth ₹1,164.77 lakh and purchase of goods worth ₹563.28 lakh to/from a related entity called P G Foils, along with rental transactions with promoter-group companies such as Foils India Laminates (rent of ₹79.26 lakh), Miracle Foils, Pipalia Cables & Wires, and Prem Cables. A loan of up to ₹5,000 lakh was sanctioned to Pipalia Cables & Wires, with outstanding balance reduced from ₹474.26 lakh to ₹396.85 lakh during the period. Director and KMP remuneration across seven individuals totalled roughly ₹6.75 lakh during the half-year, with additional small lease and rental arrangements noted.
Investors should note the company's heavy engagement with promoter-linked entities — including large receivables from a related party (₹-405.33 lakh closing balance with P G Foils) and continued lending exposure to Pipalia Cables. While these transactions have audit committee approval, the scale of related-party activity is a governance point to watch, and any sharp movement in inter-company dues could affect the stock's risk profile.