Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 753

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 4
Chunk 753
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 the subject asset, commonly referred to as contributory asset charges.  The fair value determination of the customer relationships intangible asset required us to make significant estimates and assumptions related to future cash flows and the selection of an appropriate discount rate to apply to future cash flows.
    
   The Company incurred acquisition-related costs of $14.2 million for the year ended  June 30, 2025, which is reported separately in the consolidated statements of operations.
    
   From the date of acquisition, the Amran/Narayan Group has contributed $84.4 million of net sales and $13.7 million of net income for the periods ended  June 30, 2025. 

       39

   Transactions with Related Parties of Amran/Narayan Group
    
   The Amran/Narayan Group, acquired in the second quarter of fiscal year 2025, has certain transactions with parties affiliated with current and former shareholders of the Amran/Narayan Group, including the current President of the Amran/Narayan Group entities in India. The transactions with these parties continue and are summarized as follows:
    
   Names of related partiesRelationship with the Amran / Narayan Group
Narayan Epoxy Components Private LimitedEntity controlled by minority shareholders of Narayan
Gujarat Plug In Devices Private LimitedNarayan minority shareholders have significant ownership interest
Narayanshree Infrastructure LLPPartners are former and current minority shareholders of Narayan
Relative of Narayan Minority ShareholdersLessors of certain real property

   At  June 30, 2025, $0.4 million is due to the above related parties which is included in accounts payable in the consolidated balance sheets. During the twelve months ended  June 30, 2025, payments for inventory purchases and rental payments were $2.5 million and $0.3 million, respectively. During the twelve months ended  June 30, 2024, sales made to related parties were $0.1 million.
    
   Several of the Amran/Narayan Group leases in India are with Narayanshree Infrastructure LLP and directly with relatives of Narayan minority shareholders. Undiscounted cash flows expected to be paid for operating leases with related parties are as follows as of  June 30, 2025:

    Fiscal yearAmount ($)
2026397
2027409
 2028 429
 2029 157
20309