Disclosure of Related Party Transactions for second half year ended March 31, 2025
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Kanishk Steel Industries has disclosed its related party transactions for H2 FY25 (October 2024 to March 2025) under SEBI LODR Regulation 23(9). The largest transaction was purchase of power worth Rs. 191.90 lakhs from OPG Business Centre Pvt Ltd, an entity where key managerial personnel (KMP) and their family members have significant influence. Indian Corporate Business Centre Ltd was paid Rs. 69.85 lakhs as import handling service charges, with Rs. 5.01 lakhs outstanding (debit balance) as of March 31, 2025. Other transactions included small purchases, sales of goods, and rental/reimbursement expenses with Kanishk Metal Recycling Pvt Ltd and OPG Business Centre. Director-level remuneration and sitting fees were paid to CMD Vishal Keyal (Rs. 4.50 lakhs), WTD & CFO Ashok Bohra (Rs. 12.87 lakhs), along with other directors and the Company Secretary.
This is a routine half-yearly compliance disclosure and not an operational update. Shareholders should note the significant concentration of transactions with promoter-linked entities (OPG Business Centre, Kanishk Metal Recycling, Indian Corporate Business Centre). The disclosure is required by SEBI to ensure transparency on dealings between the company and its promoters/directors.