Wonder Electricals Ltd Receives Warning Letter from SEBI Over Related Party Transaction Non-Compliance:

Wonder Electricals Ltd Receives Warning Letter from SEBI Over Related Party Transaction Non-Compliance Wonder Electricals Limited, a prominent Indian manufacturer specialising in the design and production of various types of fans and consumer appliances, issued a disclosure to NSE Ltd and BSE Ltd regarding receipt of a warning letter by SEBI.

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SEBI's Warning The company added that SEBI stated the following things in the letter: SEBI reviewed the Related Party Transaction reports your company submitted for the half-year periods ending September 2024 and March 2025. They found that your company entered into material related-party transactions with M/s Stamping & More LLP before taking approval from shareholders. Later, the company took post-facto approval, but the rules require approval from shareholders before entering into such transactions. Under Regulation 23(4) of SEBI (LODR) Regulations, 2015, all material related party transactions or major changes to them must get prior approval from shareholders through a resolution. Also, related parties cannot vote on these resolutions.

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SEBI’s response:

• SEBI considers this a serious non-compliance.
• They are issuing a warning to your company.
• They advise the company to be more careful in the future; otherwise, strict enforcement action may be taken under the SEBI Act, 1992.

Company's Disclosure This disclosure is made by the company under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.