We herewith enclose the statement of Related party transaction for 31/03/2025
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Sri Nachammai Cotton Mills has submitted its half-yearly disclosure of related party transactions for FY25 (ended 31 March 2025) as required under SEBI LODR Regulation 23(9). The disclosure covers transactions with promoter group companies (Raja Yarns Pvt Ltd and Supreme Yarn Spinners Pvt Ltd), promoter directors (P. Palaniappan, Managing Director, and P. Umayal, Chairman-cum-Managing Director), CFO, Company Secretary, and relatives of key management personnel. Corporate loans taken during the year stood at ₹140.40 lakh from Raja Yarns and ₹725 lakh from Supreme Yarn Spinners, while ₹631.05 lakh was repaid. Unsecured loans from the promoter directors totalled ₹306.05 lakh taken and ₹5.77 lakh repaid. Outstanding payables to related parties remained high at ₹4,947.52 lakh across the four main related parties. Managerial remuneration to promoter directors was modest (₹3.79 lakh to Palaniappan, ₹4.20 lakh to Umayal).
This is a routine regulatory disclosure and not a material event, but it highlights the company's heavy dependence on related party funding — over ₹49 crore in outstanding payables to promoter entities and directors — which investors should monitor for governance and related-party pricing risks.