Amarnath Securities discloses related party transactions for Q4FY26
Amarnath Securities Limited disclosed related party transactions for Q4FY26, including ₹41.69 lakh in expense reimbursements to its Whole-time Director and ₹3.04 lakh in unsecured loans. The Company Secretary received ₹80,500 in remuneration, while loans were also extended to the director's relatives. Total ratified transactions for the period amounted to ₹45.88 lakh.
*this image is generated using AI for illustrative purposes only.
Amarnath Securities Limited has disclosed its related party transactions for the quarter and year ended March 31, 2026, detailing financial dealings with its Whole-time Director and Company Secretary. The filing, submitted to the Bombay Stock Exchange, outlines reimbursements, remuneration, and unsecured loans extended to these parties as part of its compliance obligations.
The disclosures were made pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee of the company had previously approved a total value of ₹25,00,000 for these transactions. During the reporting period, the actual value of transactions ratified by the committee amounted to ₹45,88,471.
A significant portion of the transactions involved reimbursements and loans to Chetan Balubhai Patel, the Whole-time Director. The company reimbursed expenses totaling ₹41,69,001 to him. Additionally, an unsecured loan of ₹3,03,990 was provided to him during the period. The closing balance of amounts due from the director stood at ₹39,51,001.
The Company Secretary, Ms. Mitti Jain, received remuneration amounting to ₹80,500. Furthermore, unsecured loans were extended to individuals related to the director. Ms. Prarthee Chetan Patel and Ms. Kinnari Chetan Patel received loans of ₹9,990 and ₹24,990, respectively. All loans provided were unsecured.
The following table summarizes the related party transactions disclosed for the period:
| S. No. | Counterparty | Relationship | Transaction Type | Value Ratified by Audit Committee (₹) | Transaction Value During Period (₹) | Closing Balance Due (₹) |
|---|---|---|---|---|---|---|
| 1 | Mr. Chetan Balubhai Patel | Whole-time director | Reimbursement of expense | 41,69,001 | 41,69,001 | 39,51,001 |
| 2 | Ms. Mitti Jain | Company Secretary | Remuneration | 80,500 | 80,500 | 80,500 |
| 3 | Mr. Chetan Balubhai Patel | Whole-time director | Un-secured loan given to company | 3,03,990 | 3,03,990 | 3,03,990 |
| 4 | Ms. Prarthee Chetan Patel | Related to Director | Un-secured loan given to company | 9,990 | 9,990 | 9,990 |
| 5 | Ms. Kinnari Chetan Patel | Related to Director | Un-secured loan given to company | 24,990 | 24,990 | 24,990 |
| Total | 45,88,471 | 45,88,471 | 43,70,471 |
The filing was signed by Chetan Patel, Whole-time Director of Amarnath Securities , on May 29, 2026.
Historical Stock Returns for Amarnath Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -16.04% | -18.77% | -18.60% | -10.00% | -18.89% | -19.41% |
What is the company's plan to recover the significant outstanding balance of ₹39.51 lakh due from the Whole-time Director?
Will the company revise its internal limits for related party transactions given the actual value exceeded the audit committee's approved amount by over 80%?
How might the extension of unsecured loans to the director's relatives impact the company's corporate governance ratings?
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
