Please find attached the revised policy on Related PArty Transaction adopted by the Board of Directors at the Board Meeting held today
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The Board of Directors of Rex Sealing and Packing Industries Ltd approved a revised Policy on Related Party Transactions at its meeting held on May 30, 2025. The original policy was adopted on August 8, 2022, and the revision updates it to align with SEBI's latest requirements, including the SEBI (Prohibition of Insider Trading) Third Amendment Regulations of December 2024 and the Industry Standards notified by SEBI on February 14, 2025. The policy sets materiality thresholds at Rs. 1,000 crore or 10% of consolidated turnover (whichever is lower), and 5% of consolidated turnover for brand usage or royalty payments. It also defines approval processes via the Audit Committee, Board, and shareholders, with related parties barred from voting on such resolutions. The policy will now be reviewed by the Audit Committee every three years.
This is a routine governance and compliance update with no direct impact on stock price or shareholder value. It signals improved disclosure standards and tighter controls on related party dealings, which generally supports minority shareholder protection.