Lynx Machinery discloses ₹110.4 million related party loans for FY26
Lynx Machinery and Commercials Limited disclosed related party transactions for FY26, revealing loans and deposits totaling ₹110.4 million to directors and related parties. The transactions were approved by the audit committee, with outstanding balances rising to ₹101.1 million by year-end.
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Lynx Machinery and Commercials Limited has disclosed related party transactions for the year ended March 31, 2026, revealing loans and deposits amounting to ₹110,400,000. The disclosure, submitted to the Bombay Stock Exchange, details financial transactions with directors and entities identified as being able to exercise significant influence over the company. These transactions were approved by the audit committee in accordance with Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The primary recipients of the funds were directors of the company. Pradyumna Jajodia, Managing Director, received two separate loan approvals of ₹20,000,000 and ₹25,000,000. Paidmanabh Jajodia and Devang Jajodia, both directors, were each approved for loans of ₹20,000,000. Additionally, Srwan Kumar Jajodia, identified as a person able to exercise significant influence, was approved for a loan of ₹25,000,000. The company also reported a deposit of ₹400,000 made to Amisha Engineering Pvt Ltd, another entity falling under the significant influence category.
The filing provides a breakdown of the outstanding balances as of the reporting period. The total opening balance for these transactions was ₹61,509,996, which increased to a closing balance of ₹101,109,996 by the end of the fiscal year. No transactions were ratified by the audit committee during the period, nor were there any new transactions undertaken beyond the approved limits. The disclosure confirms that no financial indebtedness was incurred to facilitate these loans or deposits.
The following table summarizes the related party transactions disclosed for FY26:
| Related Party | Relationship | Type | Approved Value (₹) | Opening Balance (₹) | Closing Balance (₹) |
|---|---|---|---|---|---|
| Pradyumna Jajodia | Director | Loan | 20,000,000 | 3,161,280 | 17,161,280 |
| Pradyumna Jajodia | Director | Loan | 25,000,000 | 23,305,000 | 23,305,000 |
| Paidmanabh Jajodia | Director | Loan | 20,000,000 | 5,060,897 | 19,065,897 |
| Devang Jajodia | Director | Loan | 20,000,000 | 6,271,819 | 17,871,819 |
| Srwan Kumar Jajodia | Significant Influence | Loan | 25,000,000 | 23,305,000 | 23,305,000 |
| Amisha Engineering Pvt Ltd | Significant Influence | Deposit | 400,000 | 400,000 | 400,000 |
| Total | 110,400,000 | 61,509,996 | 101,109,996 |
The document was signed by Pradyumna Jajodia, Managing Director, and carries the circular stamp of A.A. Patwari & Co., Chartered Accountants. The complete disclosure is available on the company's website and the Bombay Stock Exchange platform.
What is the specific repayment schedule for these outstanding loans, and are there any risks of default given the high closing balances?
How will the utilization of over ₹100 million in company funds by related parties impact Lynx Machinery's liquidity and capital expenditure plans for FY27?
Will the company maintain these loan limits for the upcoming fiscal year, or does the audit committee plan to reduce exposure to related party transactions?
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