Rathi Bars Limited has submitted a disclosure of Related Party Transactions (RPTs) on a consolidated basis for the half-year ended March 31, 2021. This submission addresses a potential non-compliance identified under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company asserts that relevant information was previously disclosed in its Annual Report for the financial year ended March 31, 2021, and is seeking waiver of levied fines.
Submission of Related Party Transaction Disclosure
Rathi Bars Limited has formally submitted its disclosure of Related Party Transactions (RPTs) on a consolidated basis for the period ending March 31, 2021. This filing is made in accordance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Context of Submission
The submission comes in the context of an identified alleged non-compliance concerning the disclosure of RPTs for the aforementioned period. The company stated that the pertinent details were already included in the Annual Report for the financial year ended March 31, 2021, which was filed with the Stock Exchange on September 6, 2021. Page 70 of the annual report contains specific information on these transactions.
Annexed Information
Annexure-1 provides the detailed disclosure of related party transactions, including transactions with Key Managerial Personnel, their close family members, and enterprises where significant influence is exercised. Annexure-2 is the acknowledgement receipt for the filing of the Annual Report for the financial year ended March 31, 2021.
Future Actions
Rathi Bars Limited intends to file a separate application with the Stock Exchange to seek a waiver for any fines levied in relation to this matter, providing supporting facts and grounds for consideration.
Source: BSE
