NewsAmarjothi Spinning Mills discloses related party transactions for half year ended March 31, 2026Amarjothi Spinning Mills discloses related party transactions for half year ended March 31, 2026
Amarjothi Spinning Mills Limited disclosed related party transactions for the half year ended March 31, 2026, totaling 11792.09. Transactions involved subsidiaries, KMP, and directors, with all approved by the Board.
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Amarjothi Spinning Mills Limited has disclosed its related party transactions for the half year ended March 31, 2026, reporting a total transaction value of 11792.09 during the period. The filing, submitted to BSE Limited, details transactions with wholly owned subsidiaries, other related parties, key managerial personnel (KMP), and directors. All transactions were approved by the Board of Directors.
The company engaged in sales of goods and services with its wholly owned subsidiary, RPI Textiles Limited, recording a transaction value of 2987.56. Additionally, Amarjothi Power Generation and Distribution Company Limited, classified as an other related party, was involved in the purchase of goods and services. Transactions with other related parties such as Tekknit and Arasan Textiles primarily involved the sale of goods and services.
Key managerial personnel and promoters, including Premchander Rajan and Jaichander, received remuneration and interest payments. Premchander Rajan received 81.85 in remuneration and 18.29 in interest paid, while Jaichander received 81.85 in remuneration and 571.42 in interest paid. Payables to these individuals were also recorded, with Jaichander showing a payable of 3636.39.
Directors of the company received sitting fees for their services. Narainasamy Naidu Radhakrishnan, Marappan Moorthy, Meivappan Amutha, Iswariya Sidharthan, Ramasamy Priyanka, Manonmani Sivasamy, and Megala each received sitting fees ranging from 0.02 to 0.09. Krishnan Kaviyas received 0.02 in sitting fees.
The disclosure confirms that no financial indebtedness was incurred to make or give loans, inter-corporate deposits, advances, or investments during the reporting period. The filing was signed by Mohana Priya M, Company Secretary, on May 29, 2026.
Related Party Transactions Summary
| Related Party | Relationship | Transaction Type | Value During Reporting Period |
|---|---|---|---|
| RPI Textiles Limited | Wholly Owned Subsidiary | Sale of goods or services | 2987.56 |
| RPI Textiles Limited | Wholly Owned Subsidiary | Receivable | 2139.63 |
| Tekknit | Other Related Party | Sale of goods or services | 1318.30 |
| Arasan Textiles | Other Related Party | Sale of goods or services | 436.35 |
| Jaichander | KMP and Promoter | Payable | 3636.39 |
| Jaichander | KMP and Promoter | Interest paid | 571.42 |
Historical Stock Returns for Amarjothi Spinning Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.21% | +3.22% | +8.87% | +12.78% | -10.54% | +17.77% |
How will the significant payable balance to promoter and KMP Jaichander impact the company's cash flow in the upcoming fiscal quarter?
What strategic role does the wholly owned subsidiary RPI Textiles Limited play in Amarjothi's supply chain, given the high volume of inter-company sales?
Are there plans to diversify the company's customer base to reduce reliance on related parties like Tekknit and Arasan Textiles for sales?
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