Shalibhadra Finance Limited has informed the Exchange about related Party Transactions
SAHLIBHFI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shalibhadra Finance Limited has disclosed its standalone related party transactions for FY2026. Key Management Personnel (KMPs) include Managing Director Vatsal M. Doshi, Director Minesh M. Doshi, Director Ayushi M. Doshi, CFO & Executive Director Dhruvil M. Doshi, Independent Directors Kamalkant and Govind Keswani, and Company Secretary Darshana Chauhan. Total KMP remuneration paid was Rs. 21.39 lakh (Vatsal: Rs. 13.50L, Dhruvil: Rs. 7.00L, Darshana: Rs. 0.89L). Rent was paid to Vatsal and Dhruvil Doshi (Rs. 1.08L each) with deposits of Rs. 25L and Rs. 50L respectively. A significant related party loan of Rs. 1036.23 lakh was extended to Financial Analysts & Investment Rating Ltd (an entity in which KMPs have substantial interest), generating interest income of Rs. 66.22L. Interest payments were also made to multiple Doshi family members and their HUFs totaling approximately Rs. 25L across 8 individuals. Rent of Rs. 0.84L was paid to the same entity.
The large inter-company loan of over Rs. 10.36 crore to a related entity warrants close monitoring as it represents a major related party exposure. Multiple family members in KMP roles with overlapping financial transactions raises governance and conflict-of-interest concerns for minority shareholders.