Newjaisa Technologies discloses Q4FY26 related party transactions
Newjaisa Technologies Limited disclosed related party transactions for Q4FY26, reporting remuneration and reimbursements to key managerial personnel including Vishesh Handa and Ashish Nirmal, as well as sales of laptops to group entity Vanhsya Entreprises LLP. The filing complies with SEBI regulations and details the value of transactions against approved limits.
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Newjaisa Technologies Limited has disclosed its related party transactions for the period ending March 31, 2026 (Q4FY26), revealing payments to key managerial personnel and sales to a group entity. The filing, submitted to the National Stock Exchange of India Limited (NSE-Emerge), details remuneration, reimbursements, and business transactions undertaken during the reporting period. The disclosure is mandated under Regulation 23(9) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The transactions primarily involve remuneration for the company's top executives. Vishesh Handa, Managing Director and Promoter, received remuneration of ₹708,990.00 during the period against an approved limit of ₹1,20,00,000. Mukunda Raghavendra, Whole Time Director and Promoter, was paid ₹429,310.00. Ashish Nirmal, the Chief Financial Officer (CFO), received the highest remuneration among the disclosed figures at ₹1,476,289.40 against an approved limit of ₹1,00,00,000. Gurprit Kaur, the Company Secretary, received ₹150,000.
Reimbursements and Other Transactions
Beyond fixed remuneration, the company recorded reimbursements for specific expenses. Vishesh Handa received a reimbursement of ₹26,182 for business use, classified as an unsecured transaction. Ashish Nirmal received a reimbursement of ₹59,119 against electricity payments. Additionally, the company engaged in sales of goods with a group entity, Vanhsya Entreprises LLP, recording a transaction value of ₹1,310,221.19 for the sale of laptops.
Financial Breakdown of Transactions
The following table summarizes the key related party transactions disclosed for the period:
| Counterparty | Relationship | Transaction Type | Value During Period | Approved Limit |
|---|---|---|---|---|
| Vishesh Handa | Managing Director/Promoter | Remuneration | ₹708,990.00 | ₹1,20,00,000 |
| Mukunda Raghavendra | Whole Time Director/Promoter | Remuneration | ₹429,310.00 | ₹1,20,00,000 |
| Ashish Nirmal | CFO | Remuneration | ₹1,476,289.40 | ₹1,00,00,000 |
| Gurprit Kaur | Company Secretary | Remuneration | ₹150,000 | ₹20,00,000 |
| Vishesh Handa | Promoter | Reimbursement | ₹26,182 | ₹20,00,000 |
| Ashish Nirmal | CFO | Reimbursement | ₹59,119 | ₹1,00,00,000 |
| Vanhsya Entreprises LLP | Group Entity | Sales of goods or services | ₹1,310,221.19 | ₹2,00,00,000 |
The disclosure confirms that all transactions were entered into in the ordinary course of business and are subject to audit committee oversight. The information has been made available on the company's website.
Historical Stock Returns for Newjaisa Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.81% | -5.88% | -17.46% | -28.77% | -57.77% | -70.62% |
Will the company seek shareholder approval to revise the approved remuneration limit for the CFO, given the current payout exceeded the cap?
What is the strategic rationale behind the significant volume of laptop sales to the group entity Vanhsya Entreprises LLP?
How might the audit committee's oversight of these related party transactions evolve as the company scales its operations?
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