Singer India reports ₹427.63 lakh in related party transactions
Singer India Limited disclosed related party transactions totaling ₹427.63 lakh for the half year ended March 31, 2026, pursuant to Regulation 23(9) of SEBI regulations. The transactions primarily include remuneration for senior management, sitting fees for independent directors, and employee share-based payment expenses.
*this image is generated using AI for illustrative purposes only.
Singer India Limited disclosed related party transactions totaling ₹427.63 lakh for the half year ended March 31, 2026. The filing, submitted to the stock exchanges on May 27, 2026, details payments made to key managerial personnel and directors pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
The majority of the transaction value was attributed to remuneration for senior management. Mr. Rakesh Khanna, Vice Chairman & Managing Director, accounted for ₹301.47 lakh, while Mr. Subhash Chand Nigral, Chief Financial Officer, received ₹36.48 lakh. Ms. Rupinder Kaur, the Company Secretary and Compliance Officer, was paid ₹8.21 lakh during the period.
Directors also received compensation through sitting fees and expense reimbursements. Independent directors Mr. Rajesh Relan, Mr. Sanil Duggal, and Mr. Hemant Sachdev received sitting fees totaling ₹4.86 lakh, ₹5.10 lakh, and ₹3.90 lakh respectively. Reimbursements for expenses were also recorded for Mr. Hetal Madhukant Gandhi (₹0.24 lakh) and Mr. Rajesh Relan (₹0.35 lakh).
Employee share-based payment expenses were recorded for several related parties, including Mr. Rakesh Khanna (₹40.00 lakh), Mr. Subhash Chand Nigral (₹12.95 lakh), and non-executive directors Mr. Hetal Madhukant Gandhi and Mr. Maneesh Mansingka (₹6.63 lakh each). The audit committee had not approved any specific value for these transactions prior to their occurrence, as indicated in the filing.
The following table summarizes the related party transactions for the half year ended March 31, 2026:
| Sr. No. | Related Party | Relationship | Transaction Type | Value (₹ in Lakhs) |
|---|---|---|---|---|
| 1 | Mr. Rakesh Khanna | Vice Chairman & Managing Director | Remuneration | 301.47 |
| 2 | Mr. Rakesh Khanna | Vice Chairman & Managing Director | Employee Share based payment expenses | 40.00 |
| 3 | Mr. Subhash Chand Nigral | Chief Financial Officer | Remuneration | 36.48 |
| 4 | Mr. Subhash Chand Nigral | Chief Financial Officer | Employee Share based payment expenses | 12.95 |
| 5 | Ms. Rupinder Kaur | Company Secretary | Remuneration | 8.21 |
| 6 | Mr. Hetal Madhukant Gandhi | Non Executive Non Independent Director | Reimbursement of Expenses | 0.44 |
| 7 | Mr. Hetal Madhukant Gandhi | Non Executive Non Independent Director | Employee Share based payment expenses | 6.63 |
| 8 | Mr. Maneesh Mansingka | Non Executive Non Independent Director | Employee Share based payment expenses | 6.63 |
| 9 | Mr. Rajesh Relan | Non Executive Independent Director | Reimbursement of Expenses | 0.35 |
| 10 | Mr. Rajesh Relan | Non Executive Independent Director | Sitting Fee | 4.86 |
| 11 | Mr. Sanil Duggal | Non Executive Independent Director | Reimbursement of Expenses | 0.67 |
| 12 | Mr. Sanil Duggal | Non Executive Independent Director | Sitting Fee | 5.10 |
| 13 | Mr. Hemant Sachdev | Non Executive Independent Director | Sitting Fee | 3.90 |
| Total | 427.63 |
Historical Stock Returns for Singer
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.53% | +4.55% | -5.16% | -0.72% | -0.72% | -0.72% |
How will the significant remuneration allocated to the Vice Chairman & Managing Director impact the company's operational profitability in the second half of the fiscal year?
What are the strategic performance targets linked to the employee share-based payment expenses for key managerial personnel?
Will the company seek retroactive approval from the audit committee for these transactions, or modify its governance protocols to ensure pre-approval for future periods?
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
