Approved Related Party Transactions
Transaction 1: Supply of Materials
- Related Party: Uttar Pradesh Safety Glass Works Private Limited (USGWPL)
- Country of Incorporation: India
- Nature of Related Party Business: Engaged in hotel, food and restaurant business
- Relationship with Listed Entity: USGWPL is a promoter group entity holding 57,275 equity shares (0.45% of total shareholding) in Triveni Glass Limited
- Nature of Transaction: Supply of items including items of metal and wood generated from factory premises to USGWPL
- Proposed Effective Date: 01.10.2026
- Value: Not exceeding ₹15 lakh per annum
- Duration: 5 years
- Audit Committee Approval: Obtained on 28.07.2026
- Interested Directors: Mr. JK Agrawal (as Meeta Agrawal, wife of JK Agrawal, is director in USGWPL)
Transaction 2: Lease of Motor Vehicle
- Related Party: Uttar Pradesh Safety Glass Works Private Limited (USGWPL)
- Country of Incorporation: India
- Nature of Related Party Business: Engaged in hotel, food and restaurant business
- Relationship with Listed Entity: USGWPL is a promoter group entity holding 57,275 equity shares (0.45% of total shareholding) in Triveni Glass Limited
- Nature of Transaction: Motor car without vehicle given on hire to USGWPL for facilitating their day-to-day business activity
- Proposed Effective Date: 01.10.2026
- Value: ₹10,000 per month plus applicable GST
- Duration: 5 years
- Audit Committee Approval: Obtained on 28.07.2026
- Interested Directors: Mr. JK Agrawal (as Meeta Agrawal, wife of JK Agrawal, is director in USGWPL)
Company Financial Context
- Annual Turnover: ₹0 (company is non-operational and dependent on indirect income sources)
- Materiality Assessment: Both RPTs deemed material since turnover is zero
Justification for Transactions
Both related party transactions are justified as being in the interest of the company as they enable it to leverage the utilization of company's assets.