Related Party Transactions

12 Months Ended

Sep. 30, 2023

Related Party Transactions

Related Party Transactions

Note 5 – Related Party Transactions

Change of Control

A change of control of the Company occurred when the transactions below were completed:

- On March 17, 2023, the Board of Directors appointed Mr. Anton Mikhalev as Secretary of the Company.

- On August 29, 2023, Ms. Tatiana Feneva resigned from the position of President of Tanico Inc. due to personal reasons.

- On June 14, 2023, Ms. Tatiana Feneva sold 5,000,000 shares of common stock to Mr. Anton Mikhalev.

- On August 30, 2023, Mr. Anton Mikhalev was appointed the President of the Company.

- On August 28, 2023, Ms. Tatiana Feneva entered into an agreement to assign all the outstanding advanced balances owed to her to Nikita Fenev, who is a shareholder and child of Ms. Tatiana Feneva.

Related Parties

Related parties with whom the Company has transactions are:

Related Parties	Relationship
Anton Mikhalev	President, CEO, Chief Financial Officer, Secretary and director
Nikita Fenev	Shareholder
Tatiana Feneva		Former officer and director

Related party loan

On August 28, 2023, the outstanding advanced balances were assigned by Tatiana Feneva to Nikita Fenev, pursuant to an agreement. 

During the year ended September 30, 2023, Ms. Tatiana Feneva, the former President and a director of the Company, advanced the Company $948 for working capital, received $0 from the Company as repayments.

As of September 30, 2023 and September 30, 2022, the outstanding balance payable to related party were $17,791 and $16,843 respectively.  The advances are unsecured, non-interest bearing, and due on demand.