Board approves material related party transactions on guarantees and mortgage, up to Rs. 50 crores each with 8 related parties
Board met on 25 September 2026 and approved material related party transactions relating to guarantees and mortgage, subject to shareholder approval.
By ScoutQuest · · 3 min read
- Related Party Transaction Amount
- Rs. 50 crores each with 8 related parties
- Approval Period
- 01.10.2026 to 30.09.2027
- Related Parties Covered
- Seven promoter-group individuals (personal guarantee and mortgage) and Swanayra Global LLP (corporate guarantee)
- AGM Date and Time
- Wednesday, 30 September 2026 at 01.00 p.m. via Video Conferencing
- Board Meeting Date
- Friday, 25 September 2026
What the Board did
The Board of Directors met on Friday, 25 September 2026 (03:00 p.m. to 3:45 p.m.) and approved material related party transactions with respect to guarantees and mortgage, under Section 188 of the Companies Act, 2013, Regulation 23 of the Listing Regulations and IND AS 24. The approval is subject to shareholders' consent at the ensuing Annual General Meeting.
The Board also decided to issue an addendum to the AGM notice (originally sent to shareholders on 08/09/2026) to include this as Special Business, Item No. 5.
Who is covered and for how much
Each of the following is listed with a transaction amount of 50 crores
- Mr. Manmohan Shreegopal Agrawal (Whole Time Director and CFO) — personal guarantee and mortgage of property
- Mr. Sarvesh Manmohan Agrawal (Promoter, Chairman and Managing Director) — personal guarantee and mortgage of property
- Mr. Jagdishprasad Shreegopal Agrawal (Non-Executive Non-Independent Director) — personal guarantee and mortgage of property
- Mr. Sunilkumar Shreegopal Agrawal — personal guarantee and mortgage of property
- Mrs. Priti Jagdishprasad Agrawal — personal guarantee and mortgage of property
- Mrs. Manjulaben Manmohan Agrawal — personal guarantee and mortgage of property
- Mrs. Sonal Sunilkumar Agrawal — personal guarantee and mortgage of property
- Swanayra Global LLP (designated partners: Mr. Sarvesh Agrawal and Mr. Manmohan Agrawal) — corporate guarantee
How the approval works
The resolution is an Ordinary Resolution seeking omnibus approval for the period 01.10.2026 to 30.09.2027, for transactions stated to be in the ordinary course of business and on an arm's length basis. Under Regulation 23(4), all related parties must abstain from voting, so the resolution will be decided only by public shareholders, through e-voting. The Audit Committee and the Board considered and recommended the transactions at their meetings held on 25 September 2026.
Shareholding disclosed
- Mr. Manmohan Agrawal: 3,000 fully paid-up equity shares and 2,00,000 partly paid-up equity shares; indirect holding through Swanayra Global LLP (8.73%)
- Mr. Sarvesh Agrawal: 50,80,532 fully paid-up equity shares and 20,54,574 partly paid-up equity shares; indirect holding through Swanayra Global LLP (26.19%)
- Mrs. Sonal Agrawal: 2,000 fully paid-up and 50,000 partly paid-up equity shares
- Swanayra Global LLP: 3,000 fully paid-up and 1,60,00,000 partly paid-up equity shares; Mr. Sarvesh Agrawal and Mr. Manmohan Agrawal contribute 75% and 25% respectively in the LLP
Past dealings disclosed
- Mr. Manmohan Agrawal: directors' remuneration of 3,50,000.00 in FY 2025-26, and INR 1,50,000/- in the current financial year up to the quarter preceding the approval; no default reported
- Mr. Sarvesh Agrawal: directors' remuneration of 26,00,000.00 in FY 2025-26, and INR 6,00,000/- in the current financial year up to the quarter preceding the approval; no default reported
- Mr. Jagdishprasad Agrawal: none in the last financial year and none in the current year; no default reported
Meeting details
The 46th Annual General Meeting is scheduled for Wednesday, 30 September 2026 at 01.00 p.m. through Video Conferencing / Other Audio Visual Means. The addendum is deemed an integral part of the original AGM notice dated 5 September 2026.
How to read this
These are guarantees and mortgages of property provided by promoters, directors, their family members and a promoter-group LLP. Such support is commonly linked to the company's borrowing arrangements. The limits are ceilings for the approval period rather than amounts already utilised, and the final call rests with public shareholders voting at the AGM.
Also from Annvrridhhi Ventures
Addendum to 46th AGM Notice adds shareholder approval for related party guarantees and mortgages
25 Sep 2026
More numbers
- Transaction amount per related party (each of 8)50 crores
- Manmohan Agrawal fully paid-up shares3,000
- Manmohan Agrawal partly paid-up shares2,00,000
- Manmohan Agrawal indirect holding via Swanayra Global LLP8.73%
- Sarvesh Agrawal fully paid-up shares50,80,532
- Sarvesh Agrawal partly paid-up shares20,54,574
- Sarvesh Agrawal indirect holding via Swanayra Global LLP26.19%
- Swanayra Global LLP partly paid-up shares1,60,00,000
- Sarvesh Agrawal contribution in LLP75%
- Manmohan Agrawal directors' remuneration FY 2025-263,50,000.00
- Sarvesh Agrawal directors' remuneration FY 2025-2626,00,000.00
- Sarvesh Agrawal transactions in current FY up to preceding quarterINR 6,00,000/-
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