Company Disclosure
RASI Electrodes Limited (Scrip Code: Not provided in document) has made a disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding board approval of a related party contract.
Approval Details
- Shareholder Approval: Obtained through postal ballot on March 31, 2026
- Board Approval: Granted at meeting held on November 14, 2026
Contract Terms and Conditions
The contract is for supply of solar power from the company's solar power plant with the following terms:
1. Contract Purpose: Long-term contract for continuous supply of solar power generated from the company's solar power plant to M/s Kashyap Wire Products
2. Contract Duration: 5 years from date specified in the agreement, renewable at the company's option for an additional 5 years
3. Monetary Terms:
- Power supply rate: ₹7 per unit, based on prevailing market rates
- Rate subject to mutual agreement and periodic board approval
- Rate variation: Can be increased or decreased by up to ₹6 per unit based on changes in TNEB Tariff rates or prevailing market rates
- Estimated generation: 10,000 to 14,000 units per month (weather dependent)
- Estimated monthly billing: Approximately ₹1 lakh based on extent of solar power generated
4. Security Deposit: ₹3.50 lakhs (refundable) to be provided by M/s Kashyap Wire Products
5. Termination: With 3 months notice by either party
Business Context and Materiality Assessment
The company states that:
- The solar power supply proposal is in the ordinary course of business
- There are no other conflicts of interest beyond the disclosed relationship
- The contract is not considered material due to the revenue size generated from the arrangement