I was going through the related party transaction page of FY22 Annual report of SP Apparels and had below doubt (Page 199)
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What does Lease Rent Paid mean? Does this mean company is paying rent to Promoter ?
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What does Lease liability paid mean?
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Does this unsecured loan paid by company to promoter or vice versa?
4.What does lease liability worth 259.98 mean ( last row in image) ? Is SP Apparel paying this amount as lease liability to subsidiary company
My board-level understanding is that whenever company pays rent, loans etc to promoter /other subsidiary company, it looks like promoter is trying to make money
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