Disclosure of Related party Transaction pursuant to regulation 23(9) of SEBI(LODR) Regulation 2015
Awaiting price reaction for this filing.
Sunshine Capital Ltd has filed its mandatory disclosure of related party transactions for the quarter and half-year ended September 30, 2025, under SEBI (LODR) Regulation 23(9). The biggest transaction was a loan of about ₹11.73 crore given to Virendra Jain, the brother of the Managing Director, with a closing balance of ₹10.19 crore. The company also gave a ₹6.87 lakh loan to Babita Jain (relative of MD) and paid her ₹2.32 crore as remuneration during the period (cumulative balance of ₹21.52 crore). Additional entries include borrowings of ₹69.92 lakh outstanding from Phool Devi Ghosal (relative of a director) and a share purchase of ₹7.35 crore from Alstone Textile India Ltd (relative of a KMP), leaving a closing balance of ₹4.07 crore.
This is a routine regulatory compliance disclosure and is unlikely to move the stock on its own. However, the large loan and remuneration to relatives of the Managing Director, along with share purchases from a KMP-related entity, may draw investor attention to related-party governance. Shareholders should watch for any cumulative outflows to promoter-group entities in future quarters.