Royalty payment by listed companies reaches Rs 10,779 cr in FY23: Sebi study

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Times of India 4h ago

Royalty payment by listed companies reaches Rs 10,779 cr in FY23: Sebi study - Times of India

Quick Summary:

A new SEBI study has found that royalty payments made by listed Indian companies to related parties have more than doubled in the last decade, raising concerns about potential financial irregularities.

The study analyzed 233 companies and found that in many cases, royalty payments exceeded dividends paid to shareholders, with limited transparency and justification for these payments.

Of these, 1,353 instances of royalty payments were by listed companies that generated net profits, while 185 instances were by companies that reported net losses.