Corporate Fraud/Misdemeanor - Public Domain - India lessons

Microcap company named as Wardwizard (Admin rightly closed thread of it)…

Their AGM notice - https://www.bseindia.com/xml-data/corpfiling/AttachHis/9457D628-1E56-4336-AF87-788AB05EE12E-195442.pdf

APPROVAL OF RELATED PARTY TRANSACTION TO BE ENTERED BETWEEN THE
PROMOTER AND COMPANY FOR THE USE OF TRADEMARK REGISTERED IN THE NAME OF THE PROMOTER
total consideration of Rs. 60,00,000/- (Rupees Sixty Lakhs) per annum or Rs.
3,00,00,000 (Rupees Three Crore Only) for a term of 5 years on such terms and conditions as may be decided by the Board and recommended and reviewed by audit committee.

Is this real? Is this normal?
Disc: Stopped tracking it.

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