Cosmo First Ltd. Enters Agreement with Cosmo Ferrites Limited for Support Services
April 1, 2026 – Cosmo First Ltd. announced an agreement with Cosmo Ferrites Limited, a related party, to provide support services. The agreement is effective for a period of one year, commencing April 1, 2026, and concluding March 31, 2027.The terms of the agreement stipulate a consolidated fee of Rs. 200,000 per month plus applicable Goods and Services Tax (GST). Cosmo First Ltd. will also reimburse out-of-pocket expenses incurred on an actual basis. Either party has the option to terminate the agreement with 30 days’ notice.
According to the terms, Mr. Ashok Jaipuria serves as a common promoter for both Cosmo First Ltd. and Cosmo Ferrites Limited. The transaction qualifies as a related-party transaction and is being conducted at arm’s length.
Here's a summary of the agreement details:
| Particulars | Description |
|---|---|
| Name of the party with whom the agreement is entered | Cosmo Ferrites Limited |
| Purpose of entering into the agreement | Providing Support Services |
| Size of agreement | Consolidated fee of Rs. 2.00 lacs per month plus applicable GST. Out of pocket expenses would be reimbursed on actual. |
| Shareholding, if any | NIL |
| Significant terms of the agreement (in brief) | The Duration of the agreement is 1 year from April 01, 2026 to March 31, 2027. The agreement can be terminated by either party at 30 days' notice. |
| Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship | Yes Mr. Ashok Jaipuria is the common promoter |
| Whether the transaction would fall within related party transactions? If yes, whether the same is done at 'arm's length'; | Yes, it is related party transaction and is done at 'arm's length'. |
| Any other disclosures | NIL |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.