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Awaiting price reaction for this filing.
Rishiroop Ltd's Board, with Audit Committee approval, has renewed its existing Leave and License (L&L) agreement with Rishiroop Polymers Private Limited — a Promoter Group entity and Related Party that holds 30.96% of the company's paid-up capital. The agreement covers 1,000 sq. ft. of office space at Andheri East, Mumbai, for a further 11 months up to August 8, 2026, on the same terms as the prior agreement approved in August 2024. The monthly rent is Rs. 2,50,000 (exclusive of GST), with no security deposit and a 3-month notice period for termination. The transaction qualifies as a Related Party Transaction and has been carried out at arm's length.
Routine, continuing arrangement with no change in terms — no material financial or control impact on shareholders. The disclosure is procedural and unlikely to move the stock price, though it highlights the company's ongoing dependency on a promoter group entity for its registered/operational office space.