Haven;t seen anything posted for almost 3years.
I have been recently studying this company and got interested due to the cheaper valuations available in this market.
My major concern is around promoters’ intent. Would seek the guidance of people tracking this company for long time.
I was going through the related party transaction page of FY22 Annual report and had below doubt (Page 199)
- What does Lease Rent Paid mean? Does this mean company is paying rent to Promoter ?
- What does Lease liability paid mean?
- 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 the promoter is trying to make money for themselves harming the interest of minority shareholder.
Please let me know if I completely misunderstood above points
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