Sebi study uncovers alarming trends in royalty payments at listed companies

Quick Summary:

The cumulative 185 royalty payments by 63 loss-making companies amounted to Rs 1,355 crore.

In one out of four instances, listed firms paid more than 20 per cent of their net profits as royalty to related parties.

It found 1,538 instances of royalty payments (RPs) below the approval requirement threshold, which is set at 5 per cent of turnover.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Royalty payments Sebi Listed companies Indian markets Stock market Securities and Exchange Board of India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 19:29:36 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23586578

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