Disclosure of Related Party Transactions For 31st March 2024 ended.
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Shahi Shipping Ltd has disclosed its related party transactions for the six months ended 31st March 2024. The transactions are primarily with entities sharing common directors — IndiaFirst Logistics Ltd, Royal Logistics Ltd, and Shahi Gasol Ltd — as well as with promoter/director Sarvesh Kumar Shahi and his relative Somesh Kumar Shahi. Key items include a loan repayment of about ₹1.58 crore to IndiaFirst Logistics Ltd, a fresh loan of ₹20.18 lakh taken from the same entity, and interest payable of about ₹16.61 lakh to Shahi Gasol Ltd (carrying 12% interest). Remuneration of around ₹27.98 lakh was paid to the promoter, ₹1.78 lakh to a director's relative, and a ₹25 lakh advance to the promoter was fully settled.
For retail investors, this filing is a routine regulatory disclosure and is unlikely to move the stock on its own. However, the sizeable loans and remuneration between Shahi Shipping and promoter-linked entities warrant a closer look at related-party exposure and corporate governance practices.