ATLANTAA LIMITED has informed the Exchange about related Party Transactions
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Awaiting price reaction for this filing.
Atlanta Limited has filed its half-yearly disclosure of related party transactions (RPTs) for the period ending 31 March 2025, listing 72 transactions across subsidiaries, joint ventures, partnership firms, entities under significant influence, and key management personnel (KMPs). Major items include loans and advances of ₹6,268.54 lakhs approved to subsidiary Atlanta Infra Assets Ltd and ₹5,533 lakhs to step-down subsidiary MORA Tollways Ltd. Notably, large write-offs were recorded against diminution in value of investments in MORA Tollways Ltd — ₹5,852.13 lakhs for equity-in-nature instruments and ₹5,244.80 lakhs for equity shares — together totalling over ₹11,000 lakhs, signalling value erosion in that subsidiary. A secured loan of ₹8,041.88 lakhs was received from Shree Vaibhavlakshmi Properties Pvt Ltd (where relatives are interested). Director remuneration stood at ₹63.66 lakhs for Rajhoo Bbarot and ₹42.44 lakhs for Rickiin Bbarot, along with lease transactions with Atul Raj Builders Pvt Ltd (entity under significant influence).
This is a routine regulatory RPT disclosure and is unlikely to move the stock on its own. However, the large write-offs in MORA Tollways Ltd point to erosion of value in a key subsidiary, which investors should track as it may reflect stress in specific road projects. The extensive inter-company fund flows and transactions with promoter-related entities warrant attention from a corporate governance standpoint.