Business Update16 May 2026, 04:51 pm
Rishiroop Ltd Renews Lease with Rishiroop Polymers for 11 Months
AI Summary
Rishiroop Ltd has renewed its leave and license agreement with Rishiroop Polymers Private Limited, a Promoter Group entity and Related Party, for an additional 11 months, extending until July 7, 2027. The renewal was approved by the Board of Directors on May 16, 2026, following Audit Committee approval. The terms and conditions of the agreement remain unchanged from the previous agreement approved on August 12, 2024. The monthly rent is ₹250,000 (exclusive of GST). Rishiroop Polymers holds 30.96% of Rishiroop Ltd's paid-up capital.
Key Highlights
- Rishiroop Ltd renews leave and license agreement with Rishiroop Polymers.
- Agreement extends for 11 months, up to July 7, 2027.
- Monthly rent is ₹250,000 (exclusive of GST).
- Rishiroop Polymers is a Promoter Group entity holding 30.96% stake.
- Transaction is considered a related party transaction at arm's length.
Price Impact
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