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Radaan Mediaworks Seeks Approval for ₹20 Crore Promoter Loans and Professional Services
Radaan Mediaworks India Limited has issued a postal ballot notice seeking shareholder approval for significant related party transactions for FY2026-27. The company proposes to avail unsecured loans of up to ₹10 crore each from Chairperson Mrs. R Radikaa Sarathkumar and Director Mr. R Sarathkumar, totaling ₹20 crore. Additionally, approval is sought for entering into contracts for professional services with both individuals. These resolutions are necessary as the transactions may exceed 10% of the company's annual consolidated turnover.
Key Highlights
Proposed unsecured loan of up to ₹10 crore from CMD Mrs. R Radikaa Sarathkumar for FY2026-27
Proposed unsecured loan of up to ₹10 crore from Director Mr. R Sarathkumar for FY2026-27
Approval sought for professional services contracts with both promoters for the upcoming financial year
Transactions are classified as material related party transactions exceeding 10% of annual turnover
Remote e-voting period runs from February 20, 2026, to March 21, 2026
💼 Action for Investors
Investors should evaluate the interest rates on these promoter loans and the cost of professional services to ensure they are at arm's length. The reliance on promoter funding may indicate limited access to traditional credit or a need for immediate working capital.
Radaan Mediaworks Approves Q3 FY26 Results and Announces Resignation of Company Secretary
Radaan Mediaworks India Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 13, 2026, also accepted the resignation of Mr. Balaji Gandla, the Company Secretary and Compliance Officer. The resignation is effective from the close of business hours on February 14, 2026, cited as being for personal reasons. While the cover letter confirms the approval of results, specific profit and loss figures were not detailed in this summary document.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Statutory Auditors M/s SRSV & Associates issued a Limited Review Report on the financial results.
Company Secretary and Compliance Officer Mr. Balaji Gandla resigned effective February 14, 2026.
The board meeting commenced at 4:45 p.m. and concluded at 5:35 p.m. on February 13, 2026.
💼 Action for Investors
Investors should examine the full financial statements to evaluate the company's revenue and margin trends for the quarter. The resignation of the Compliance Officer appears routine and should not significantly impact long-term value.