Disclosure of related party transaction.
Awaiting price reaction for this filing.
Sunshine Capital has disclosed several related party transactions for the quarter and financial year ending March 31, 2025. The biggest item is an allotment of shares worth Rs 150 crore to Abhijit Trading Co. Ltd, a relative of a Key Managerial Personnel. Additionally, the company gave loans of about Rs 22.23 crore to Babita Jain (relative of MD), Rs 10.54 crore to Virendra Jain (brother of MD), Rs 1.91 crore to Abhijit Trading Co. Ltd, and Rs 55 lakh to Utsav Securities Ltd (linked to the MD's brother). Babita Jain also received Rs 16.15 lakh as remuneration. All transactions were carried out with parties connected to the Managing Director or other KMPs, with no specific loan terms like interest rate, tenure, or security disclosed.
The Rs 150 crore share allotment to a KMP-related entity stands out as unusually large and may raise governance questions. Multiple large loans to the MD's family members suggest significant fund outflows to promoter-linked parties, which shareholders should monitor closely for related-party risk.