Rexnord Electronics & Controls Limited has made a regulatory disclosure to BSE Limited regarding the execution of Labour and Manpower Supply Agreements with related parties. This disclosure is made pursuant to Regulation 30 and 30A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in furtherance to the previous disclosure dated May 29, 2026, regarding board approval for these agreements.

The company executed two separate agreements on June 27, 2026:

Agreement 1 - With S. K. Management Services:

  • Counterparty: M/s. S. K. Management Services, a proprietary concern represented by its Sole Proprietor, Ms. Sharda Kishorechand Talwar
  • Relationship: Promoter, Wife of Mr. Kishorechand Talwar (Chairman & Managing Director), Mother of Mrs. Nainy Tanna (Whole-Time Director) and Mr. Kundan K. Talwar (Chief Financial Officer)
  • Shareholding: None

Agreement 2 - With R. K. Management Services:

  • Counterparty: M/s. R. K. Management Services, a proprietary concern represented by its Sole Proprietor, Ms. Ramandeep Kundan Talwar
  • Relationship: Son's wife of Mr. Kishorechand Talwar (Chairman & Managing Director), Wife of Mr. Kundan K. Talwar (Chief Financial Officer)
  • Shareholding: None

Purpose and Terms of Agreements:

The purpose is to source, recruit, verify, and deploy personnel across various operational departments of Rexnord Electronics, including Production, Housekeeping, Groundkeeping, Pantry Washroom Maintenance, Security, and Facility Support.

The manpower to be supplied includes:

  • Skilled Personnel
  • Semi-Skilled Personnel
  • Unskilled / General Labour
  • Administrative & Supervisory Staff

Financial Terms:

  • Effective Date: June 1, 2026
  • Validity: Until March 31, 2027 (covering Financial Year 2026-27)
  • Service Charge: Fixed administration/service charge of 3% calculated over the net monthly wage bill (excluding taxes and statutory employer contributions)
  • Budgetary Limit: INR 10 crores overarching limit

Regulatory Compliance:

  • The transaction qualifies as related party transactions
  • The company confirms the transactions are done at "arm's length"
  • No impact on management or control of the listed entity
  • No restrictions or liabilities imposed upon the listed entity
  • No potential conflict of interest arising out of such agreements

The disclosure is made in compliance with SEBI Master Circular no. HO/CFD-POD2/1/3762/2025 issued on July 11, 2023 and updated on January 30, 2026.