Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rishiroop Ltd's Board approved the renewal of an existing leave and license agreement with Rishiroop Polymers Private Limited, a promoter group entity holding 30.96% of the company's paid-up capital. The agreement covers 1,000 sq. ft. of office space at The Summit Business Bay, Andheri East, Mumbai for 11 months up to July 7, 2027. Monthly rent is fixed at Rs. 2,50,000 (exclusive of GST) with no security deposit required. Either party can terminate with 3 months' written notice. The transaction qualifies as a related party transaction and has been stated as conducted on an arm's length basis.
The transaction involves a recurring operational cost of Rs. 2.5 lakh per month to a major promoter group entity. Given the modest quantum and arm's length pricing, the financial impact on the company is minimal, though shareholders should note the ongoing related party nature of the arrangement.