Ceigall India Limited has informed the Exchange about related Party Transactions Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please find attached Statement of Related Party Transactions disclosure ( RPT disclosure ) for the six months period from October 1, 2024, to March 31, 2025.
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Ceigall India has submitted its half-yearly related party transactions (RPT) disclosure covering October 2024 to March 2025, with total transaction value of ₹14,642.47 lakhs during the reporting period. The bulk of transactions are with its subsidiary and step-down SPVs (project special purpose vehicles for highway projects), including contract revenue, purchase/sale of materials and services, unsecured loans at 9.50% interest, and equity investments. Key Management Personnel transactions include remuneration to MD Mr. Ramneek Sehgal (₹111.09 lakhs), Mr. Puneet Singh Narula (₹10.68 lakhs), and others, along with dividends paid to promoters/KMP and their relatives. The joint venture M/S R.K. Infra accounts for sizeable contract expenditure (₹1,122.25 lakhs) and material sales (₹717.11 lakhs). All transactions have been approved/ratified by the Audit Committee.
This is a routine regulatory disclosure with no major red flags — most transactions are with wholly-owned subsidiaries, which is normal for an infrastructure/EPC company that executes projects through separate SPVs. The 9.50% inter-corporate loan rate to subsidiaries is reasonable, and the related party dealings appear arm's-length and audit committee-approved. Shareholders are unlikely to see any direct stock price impact from this disclosure.