AGM/EGM14 Sept 2026, 05:30 pm
Triveni Glass Ltd: AGM Approves Two Related Party Transactions
AI Summary
Triveni Glass Ltd announced that its members approved two related party transactions at the Annual General Meeting (AGM) held on September 11, 2026. The first transaction involves the supply of materials for five years, with an aggregate value not exceeding ₹15 lakh per annum, to Uttar Pradesh Safety Glass Works Private Limited (USGWPL), a promoter group entity. The second transaction is the lease of a motor vehicle without an operator to USGWPL for five years at ₹10,000 per month plus GST. Both transactions are effective from October 1, 2026, and were approved by the audit committee on July 28, 2026. The company stated these transactions are in its interest to leverage asset utilization.
Key Highlights
- AGM approved two related party transactions.
- Transactions with promoter group entity USGWPL.
- Supply of materials valued up to ₹15 lakh/annum for 5 years.
- Lease of motor vehicle at ₹10,000/month + GST for 5 years.
- Transactions aim to leverage company asset utilization.
Price Impact
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