Details of Related Party Transactions of Star Delta Transformers Ltd. as per Regulation 23(9) of SEBI LODR Regulations, 2015 for the Half Year Ended 30th September, 2025.
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Star Delta Transformers Ltd has submitted its half-yearly related party transaction disclosure for the period ending 30 September 2025, as mandated by SEBI LODR rules. The total value of related party transactions during the period stood at Rs. 6.79 crore. The largest component is a Rs. 6 crore loan given to Majestic Leasing Company Pvt Ltd (an entity under common control), with an outstanding balance of Rs. 8 crore, carrying 11% interest on an unsecured, on-demand basis, intended for NBFC operations. The company also received Rs. 30.89 lakh as interest from the same entity. Director-level remuneration was paid to Chairman & MD Kishore Gupta (Rs. 19.29 lakh), WTD & CFO Rakesh Gupta (Rs. 13.52 lakh), Executive Director Mayank Gupta (Rs. 10.89 lakh), and company secretaries Itisha Agarwal (Rs. 4.12 lakh) and Devyanshu Tiwari (Rs. 0.68 lakh). All transactions are stated to be within the limits approved by the audit committee.
This is a routine compliance disclosure and is unlikely to move the stock price. However, investors should note the Rs. 8 crore outstanding loan to a related-party NBFC, which represents a notable inter-corporate exposure. The loan is unsecured and on-demand, so any stress at Majestic Leasing could indirectly affect Star Delta's recoverability.