Related party labour supply agreements executed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rexnord Electronics & Controls has executed two Labour and Manpower Supply Agreements with related parties - S.K. Management Services and R.K. Management Services - both proprietary concerns of promoter family members. Agreements cover FY2026-27 (1 June 2026 to 31 March 2027) for sourcing skilled, semi-skilled and unskilled personnel across production, housekeeping, security and other departments. A 3 percent service charge applies on net monthly wage bill, capped at INR 10 crores overall. Company confirms transactions are at arm's length.
Routine related party transaction for manpower services, capped at Rs 10 crore. Arm's length confirmed. No material business impact expected.