Pursuant to regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Disclosure of Related Party Transactions for half year ended 31st March 2026
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Salora International Ltd has disclosed its related party transactions for the period 1st October 2025 to 31st March 2026 as per SEBI LODR regulation 23(9). The company transacted with entities connected to its directors and key management personnel. Key transactions include: Sale of finished goods worth Rs. 849.85 lakhs to Devi Electronics Pvt Ltd (a company where directors Gopal Jiwarajka, Neetu Jiwarajka, and Tarun Jiwarajka have interests); Loans taken from Managing Director Gopal Sitaram Jiwarajka of Rs. 1,821.06 lakhs with repayment of Rs. 2,089.57 lakhs plus interest of Rs. 23.22 lakhs; Remuneration paid to MD (Rs. 21.87 lakhs) and Director Ayush Jiwarajka (Rs. 12.61 lakhs); and Rent income from related entities. All transactions are certified by auditors UBS & Company as being at arm's length and in ordinary course of business.
The disclosure reveals significant related party dealings, particularly large loan transactions with the Managing Director and goods sales to a company linked to the promoter family. While transactions are certified as arm's length, the volume of related party dealings (especially the loan activity) warrants shareholder attention for transparency.