Raghunath International discloses FY26 related party transactions
Raghunath International Limited disclosed related party transactions for FY26, including salary payments of ₹7.64 lakh and rental income of ₹2.45 lakh. The filing was submitted voluntarily as a governance practice despite the company being exempt from strict regulatory requirements due to its capital size.
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Raghunath International Limited has disclosed its related party transactions for the half year and financial year ended March 31, 2026, submitting the information voluntarily as a good governance practice. The company stated that the strict applicability of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, does not apply to it because its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore. Despite this exemption, the company chose to provide full transparency regarding its dealings with related parties during the fiscal period.
The disclosure identifies the related parties, which include Key Management Personnel Mr. G.N. Choudhary, associates such as Raghunath Builders Private Limited, and several individuals and their relatives holding significant influence. Additionally, enterprises under the significant influence of these individuals, including Lotus Infra Projects Private Limited, Sir Bio Tech India Private Limited, and RTCL Limited, are listed.
Financial transactions with these parties primarily involved salary payments and rental agreements. The company paid a total of ₹7,64,250.00 as salary and perquisites to key management personnel. Rental payments amounting to ₹42,480.00 were made to individuals and their relatives, while rental income of ₹2,45,114.00 was received from enterprises associated with the company.
As of March 31, 2026, the company reported outstanding debit and credit balances with these related parties. Debit balances included rent receivables of ₹3,10,076.00 from associated enterprises. On the liabilities side, credit balances consisted of rent payables of ₹3,39,840.00 to individuals and relatives, along with salary payables of ₹1,12,000.00 to key management personnel.
Related Party Transactions for FY26
| Transactions | Key Management Personnel | Individuals and Relatives | Enterprises |
|---|---|---|---|
| Amount in ₹ | 31.03.2026 | 31.03.2026 | 31.03.2026 |
| Salary and Perquisites | 7,64,250.00 | - | - |
| Rental Paid | - | 42,480.00 | - |
| Rental Received | - | - | 2,45,114.00 |
| Debit Balances Outstanding | |||
| Rentals | - | - | 3,10,076.00 |
| Credit Balances Outstanding | |||
| Rent Payable | - | 3,39,840.00 | - |
| Salary Payables | 1,12,000.00 | - | - |
Historical Stock Returns for Raghunath International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.82% | -3.09% | -4.82% | -14.65% | -16.46% | +29.53% |
Will this voluntary disclosure set a precedent for other small-cap companies to adopt similar transparency measures despite regulatory exemptions?
How might the outstanding receivables from associated enterprises impact the company's cash flow and liquidity in the upcoming fiscal year?
Could the increased transparency regarding related party transactions make Raghunath International Limited more attractive to potential institutional investors?
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