Below is an except from AR 22-23 page 148. With so many related parties, how can a minority shareholder be confident that the company is acting in the best interests of the shareholder and not in favor of one of the related parties particularly those companies in which the promoters have significant ownership?
List of Related Parties:
i. Associate
(a) Peptech Biosciences Limited
ii. Significant influence over, the entity;
(a) Titan Securities Limited
Corporate Overview Performance Review Notice Statutory Reports Financial Statement
Annual Report 2022-23 | Page149Titan Biotech Ltd
iii. Other related parties
(a) Tanita Leasing & Finance Limited
(b) Connoisseur Management Services Private Limited
(c) Tee Eer Securities & Financial Services Private Limited
(d) Titan Media Limited
(e) Phoenix Bio Sciences Private Ltd
(f) Stalwart Nutritions Private Ltd.
(g) Emprise Production Private Ltd.
(h) Mbon Nutrients LLP
(i) Suptex Industries Pvt. Ltd.
(j) Simtex Mart Pvt. Ltd.
(k) SR Infratech
(l) Titan Agritech Limited
| Subscribe To Our Free Newsletter |
