Key Quantitative Figures
- Monthly lease rent: ₹10,000 plus applicable GST
- Duration: 5 years
- Annual turnover of listed entity: ₹48 Crores
- Transaction value: ₹600,000 base rent over 5 years (excluding GST)
Dates of Action
- Board meeting date: 05th November, 2026
- Audit committee approval date: 05th November, 2026
- Proposed effective date of lease: 10th November, 2026
- Disclosure date: 05th November, 2026
Parties Involved
- Listed entity: Supertex Industries Limited (BSE Scrip Code: 526133)
- Related party: Silt Advanced Materials Private Limited
- Country of incorporation: India
- Nature of related party's business: Manufacturing of Textiles
Relationship Details
Mr. Harshvardhan Mishra is a director in both Silt Advanced Materials Private Limited and Supertex Industries Limited. He is the son of Ramesh Kumar Mishra and nephew of Sanjay Kumar Mishra.
Transaction Specifics
- Nature: Lease of a part of factory premises and some machineries
- Location: 213, Kharvel, Behind Kharvel Sub-station, Dharampur-396 050
- Purpose: For day-to-day business activity of Silt Advanced Materials Private Limited
Materiality Assessment
The company has explicitly stated that the related party transaction is "Not Material" to its operations.
Justification
The transaction is justified as being in the interest of the company as it "enables it to leverage the utilization of Company's assets and improve the value addition of its products."
Governance Process
Audit committee approval was obtained on 05.11.2026, the same date as board approval.
#Tags: #SupertexIndustries #RelatedPartyTransaction #SEBIRegulation30 #RegulatoryCompliance #Neutral