Abakkus Asset Manager has filed draft papers for its public listing, reporting a 65.9% decline in related-party transactions to Rs 50.84 crore for FY2026. While the company reduced these overall dealings, it disclosed higher salary and fee payments to the founder's family members. Additionally, the firm ceased capital withdrawals from its holding entity, contrasting with the significant outflows seen in the previous year.
Abakkus Asset Manager has filed its draft red herring prospectus for a public listing, providing investors with a detailed look at its financials and internal management ahead of the IPO. The filing, dated September 22, 2026, highlights a substantial reduction in related-party transactions, which fell by 65.9 percent to Rs 50.84 crore in FY2026, down from Rs 148.96 crore in the previous fiscal year. These transactions represented 10.62 percent of the company's total income in FY2026, a decrease from 21.06 percent in FY2025. Investors typically examine such figures to assess corporate governance and the nature of business dealings within a firm.
Family Payouts and Governance
While the aggregate value of related-party transactions decreased, the filing shows an increase in specific payments to the promoter family. Ujjwal Sunil Singhania received Rs 19.8 lakh in professional fees and Rs 70.5 lakh in salary, while Khushi Sunil Singhania received Rs 19.5 lakh in professional fees and Rs 34.4 lakh in salary. Additionally, lease payments to Kanchan Sunil Singhania increased by 6 percent to Rs 64.4 lakh. Founder Sunil Singhania’s remuneration was reported at Rs 3.51 crore, a stable figure for the year. Meanwhile, executive Biharilal Laxman Deora saw his total compensation increase to Rs 3.80 crore.
Capital Management and Holdings
The filing also noted a change in how the company manages capital. Abakkus Expert Professionals LLP, the firm’s holding entity, reported no capital withdrawals for FY2026. This marks a significant shift from FY2025, when the entity withdrew Rs 138.6 crore. Following a 2:1 bonus issue and share subdivisions in August 2026, the company clarified that its holding entity maintains a 99 percent stake in the pre-offer equity capital. As the company moves toward its public offering, investors may watch for further details regarding business growth, profitability trends, and the sustainability of its investment products, which include mutual funds, portfolio management services, and alternative investment funds.