Triveni Glass Limited has made a regulatory disclosure under Regulation 30 of SEBI (LODR) 2015 regarding the approval of two related party transactions by the Board of Directors. The transactions are subject to shareholder approval at the ensuing Annual General Meeting.
Transaction Details
Transaction 1: Supply of Materials
- Nature: Supply of items including items of metal and wood generated from factory premises
- Related Party: Uttar Pradesh Safety Glass Works Private Limited (USGWPL)
- Relationship: USGWPL is a promoter group company
- Value: Not exceeding ₹15 lakh per annum
- Duration: 5 years
- Effective Date: 01.10.2026 (subject to shareholder approval)
- Country of Incorporation: India
- Nature of Related Party's Business: Engaged in hotel, food and restaurant business
Transaction 2: Lease of Motor Vehicle
- Nature: Motor car without vehicle given on hire
- Related Party: Uttar Pradesh Safety Glass Works Private Limited (USGWPL)
- Value: ₹10,000 per month plus applicable GST
- Duration: 5 years
- Effective Date: 01.10.2026 (subject to shareholder approval)
- Purpose: Facilitating day-to-day business activity of USGWPL
Approval Status
- Audit Committee Approval: Obtained on 28.07.2026 for both transactions
- Shareholder Approval: Required at ensuing AGM
Director Interest
Mr. JK Agrawal is considered interested in both transactions as Meeta Agrawal (wife of JK Agrawal) is a director in Uttar Pradesh Safety Glass Works Private Limited (USGWPL).
Company Financial Context
- Annual Turnover: ₹0 (company is non-operational and dependent on indirect income sources)
- Materiality: Both RPTs are considered material since the company's turnover is zero
Justification
The company states that both related party transactions are in the interest of the company as they enable it to leverage the utilization of company's assets.