COSMO FIRST LIMITED — Important, 01-04-2025: Agreements
01-04-2025 · 04:39 pm
Cosmo First Limited has announced a board meeting on April 1, 2025, to discuss its engagement with Cosmo Ferrites Limited for providing support services over one year, ending March 31, 2026. The consolidated fee amounts to ₹2 lakh per month plus applicable GST, with out-of-pocket expenses reimbursed. This related party transaction will be conducted at arm's length, ensuring fair terms.
This cooperation could enhance operational efficiencies, potentially boosting financial performance. Investor sentiment may lean positively as this move indicates strategic alignment with a related entity, though it’s wise to monitor any associated risks linked to related party dealings.
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