Files FY21 related-party transaction disclosure after BSE notice on levied SOP fines
Rathi Bars has shared its consolidated related party transaction disclosure for the half year ended 31 March 2021, which BSE's 30 September 2026 notice on levied SOP fines had flagged.
By ScoutQuest · · 2 min read
- RPT Disclosure Period
- half year ended 31 March 2021
- Purchase of goods from related parties (Rs in Lacs)
- 5377.80 in 2020-21, against 23677.93 in 2019-20
- Expense of service from KMP (Rs in Lacs)
- 39.21 in 2020-21, against 106.79 in 2019-20
What the company shared
Rathi Bars Ltd has submitted to BSE its disclosure of related party transactions on a consolidated basis for the half year ended 31 March 2021, in the format prescribed under Regulation 23(9) of the SEBI LODR Regulations.
Why now - the exchange notice
- The update follows a notice the company received by email dated 30 September 2026 about outstanding SOP fines levied on it as of that date, under the SEBI Master Circular dated 11 July 2023, as amended on 30 January 2026.
- The notice lists alleged non-compliances under the SEBI LODR Regulations, including the alleged non-compliance with Regulation 23(9) for the half year ended 31 March 2021, and says fines have been imposed on the company.
The company's explanation
- Rathi Bars says the related party transaction information for that period was already disclosed in its Annual Report for the financial year ended 31 March 2021 under Regulation 34(1), shared with the stock exchange on 06.09.2021 at 12:15:22 P.M. vide Acknowledgement No. 3153276.
- It points to page 70 of that Annual Report as containing the details of those transactions.
- Without prejudice to that submission, it has now shared the disclosure in the Regulation 23(9) format, read with the applicable accounting standards.
What the related party numbers show
Transactions with related parties, stated in Rs in Lacs in the annexure
- Purchase of goods from enterprises controlled by key management personnel and their relatives: 5377.80 in 2020-21, against 23677.93 in 2019-20.
- Expense of service received from key management personnel: 39.21 in 2020-21, against 106.79 in 2019-20.
Related parties listed include Managing Director Kamlesh Kumar Rathi, company secretaries Satinder Singh (from 21/01/2021) and Amit Mangla (till 21/05/2020), close family members, and four enterprises - Rathi Special Steels Ltd, Bhiwadi Iron Pvt Ltd, Khushkhera Steels Pvt Ltd and Balaji Steel Enterprises.
The annexure states that all transactions between related parties are at arm's length price and in the ordinary course of normal business.
What happens next
The company says a separate application or representation will be made to the stock exchange seeking waiver of the fines levied, setting out the relevant facts and grounds for consideration.
How to read this
This is a compliance catch-up rather than a business event. A disclosure for a half year ended March 2021 is being shared in response to a penalty notice; the company is pointing to its annual report as the earlier disclosure and asking the exchange to waive the fines. The outcome of that waiver request is a regulatory matter for the exchange to decide.
Also from Rathi Bars
Audit, Nomination & Remuneration and Stakeholder Relationship Committees reconstituted
8 Oct 2026
Independent Director Sonali V. Chitalkar ceases office on completion of second term
28 Sep 2026
Independent Director Sonali V. Chitalkar ceases office on completion of second term
28 Sep 2026
More numbers
- Purchase of goods from entities controlled by KMP/relatives, 2020-21 (Rs in Lacs)5377.80
- Purchase of goods from entities controlled by KMP/relatives, 2019-20 (Rs in Lacs)23677.93
- Expense of service received from KMP, 2020-21 (Rs in Lacs)39.21
- Expense of service received from KMP, 2019-20 (Rs in Lacs)106.79
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