Superior Industrial Enterprises reports RPTs of ₹31.75 lakh
Superior Industrial Enterprises Limited disclosed related party transactions worth ₹31.75 lakh for the half year ended March 31, 2026. The transactions include purchases from a subsidiary and remuneration for key managerial personnel and directors. The filing was made in compliance with Regulation 23(9) of SEBI (LODR) Regulations, 2015.
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Superior Industrial Enterprises Limited disclosed related party transactions totaling ₹31.75 lakh for the half year ended March 31, 2026. The filing, submitted to BSE Limited on May 28, 2026, complies with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transactions primarily involve the purchase of goods from a subsidiary and remuneration payments to key managerial personnel and independent directors.
The disclosure details transactions with nine related parties, including Babri Polypet Private Limited, identified as a subsidiary. The company reported purchases of goods or services from this entity amounting to ₹10.07 lakh during the reporting period. Additionally, remuneration was paid to the Managing Director, Mr Kamal Agarwal (₹1.60 lakh), his wife Mrs Renu Agarwal (₹4.60 lakh), and his daughter-in-law Ms Mimansha Mittal (₹4.60 lakh).
Key managerial personnel also received remuneration as part of the related party transactions. Mr Raushan Kumar Sharma, the Chief Financial Officer, was paid ₹6.39 lakh, while Ms Muskaan Suhag, the Company Secretary & Compliance Officer, received ₹3.72 lakh. Independent Directors were compensated for sitting fees, with Kusum Sharma receiving ₹0.22 lakh, Arun Nevatia ₹0.33 lakh, and Gaurav Kumar Gupta ₹0.22 lakh.
The table below summarizes the value of transactions undertaken during the reporting period and the closing balances due to or from each party as of March 31, 2026.
| Sr. No. | Name of Counterparty | Relationship | Transaction Type | Value During Period (₹ lakh) | Closing Balance (₹ lakh) |
|---|---|---|---|---|---|
| 1 | Babri Polypet Private Limited | Subsidiary Company | Purchase of goods or services | 10.07 | 3.93 |
| 2 | Mr Kamal Agarwal | Managing Director | Remuneration | 1.60 | 0.27 |
| 3 | Mrs Renu Agarwal | Wife of Managing Director | Remuneration | 4.60 | 0.77 |
| 4 | Ms Mimansha Mittal | Daughter in Law of Managing Director | Remuneration | 4.60 | 0.77 |
| 5 | Mr Raushan Kumar Sharma | Chief Financial Officer | Remuneration | 6.39 | 1.07 |
| 6 | Ms Muskaan Suhag | Company Secretary & Compliance Officer | Remuneration | 3.72 | 0.62 |
| 7 | Kusum Sharma | Independent Director | Sitting Fees | 0.22 | 0.00 |
| 8 | Arun Nevatia | Independent Director | Sitting Fees | 0.33 | 0.00 |
| 9 | Gaurav Kumar Gupta | Independent Director | Sitting Fees | 0.22 | 0.00 |
| Total | 31.75 |
The audit committee remarks for all transactions were marked as NA, indicating specific approval details were not provided in this format. The company has made this disclosure available on its website.
Historical Stock Returns for Superior Industrial Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.75% | -3.00% | -6.90% | -34.02% | -43.09% | +48.84% |
How might the consistent procurement from Babri Polypet Private Limited impact the company's supply chain resilience and cost structure in the upcoming fiscal year?
Will the current remuneration structure for key managerial personnel and their relatives require adjustments to align with evolving corporate governance standards?
What are the strategic implications of the outstanding closing balances owed to related parties as of March 31, 2026, for the company's working capital management?
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