Related party transaction for half yearly ended on 31st March 2025 Pursunat to the regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirement) Reulations 2015
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Salora International has submitted its half-yearly related party transaction disclosure to BSE as required under SEBI LODR Regulation 23(9), covering the period 1 October 2024 to 31 March 2025. The most material transactions involved the Managing Director, Gopal Sitaram Jiwarajka, with loans taken of about ₹112.35 crore fully repaid at ₹113.53 crore and interest paid of ₹31.61 lakh, along with remuneration of ₹21.51 lakh. Executive Director Neetu Jiwarajka took loans of ₹15 lakh and repaid ₹109 lakh with ₹0.89 lakh interest. Purchase of goods from Devi Electronics (a related party) totalled ₹636.62 lakh, while rent income from Quick Load 247 Pvt Ltd stood at ₹9.35 lakh. Smaller transactions included director remuneration, sitting fees for independent directors, and minor sales/purchases with related entities.
The disclosure is largely procedural and shows the company is heavily reliant on promoter funding, with over ₹112 crore borrowed from the MD during the half-year though fully repaid. No new concerns emerge for retail shareholders as the auditor has certified these transactions were at arm's length and in the ordinary course of business.