Business Update5 Nov 2026, 07:03 pm
Supertex Industries Leases Premises to Group Firm
AI Summary
Supertex Industries Ltd has approved a related party transaction involving the lease of a part of its factory premises and machinery to Silt Advanced Materials Private Limited, a group company. The lease agreement is for a period of 5 years, commencing November 10, 2026, with a monthly rent of ₹10,000 plus GST. Mr. Harshvardhan Mishra, a director in both companies, has declared his interest. The company justifies the transaction as beneficial for asset utilization and value addition, with an annual turnover of ₹48 Crores.
Key Highlights
- Board approved lease of factory premises and machinery to group company.
- Lease duration is 5 years at ₹10,000/month plus GST.
- Transaction aims to improve asset utilization and value addition.
- Director Harshvardhan Mishra has declared interest in the transaction.
Price Impact
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