Enclsoed is STatement on Related Party transactions for HY ended on 31.03.2025.
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Awaiting price reaction for this filing.
Rishi Techtex Limited has filed its related party transaction disclosures for the six months ended 31 March 2025, as required under SEBI LODR Regulation 23(9). The biggest transaction was with Centennial Fabrics Limited, an entity in which Key Managerial Personnel (KMP) and their relatives have significant influence, where purchases of goods worth Rs. 2,458.37 lakhs were made against an approved limit of Rs. 5,750 lakhs, and sales of goods totalled Rs. 478.83 lakhs. Rent of Rs. 1.20 lakhs was paid to Smita Harshad Patel, a relative of KMP. Remuneration to KMPs included Rs. 103.95 lakhs to Abhishek Harshad Patel, Rs. 19.22 lakhs to CFO Jagdish Dokwal, and Rs. 3.98 lakhs to Company Secretary Gauri Gangal. Independent and non-executive directors collectively received sitting fees of Rs. 2.75 lakhs.
This is a routine compliance filing and unlikely to move the stock. However, the heavy reliance on Centennial Fabrics Limited for purchases (a related-party entity) is a governance point investors may want to monitor for pricing fairness and conflict-of-interest risks.