We are hereby submitting Related Party Transaction under Regulation 23(9) of SEBI (LODR), 2015
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Awaiting price reaction for this filing.
Sharpline Broadcast Limited has filed its mandatory half-yearly Related Party Transaction (RPT) disclosure with BSE for the period ending March 31, 2025, as required under SEBI's Listing Obligations and Disclosure Requirements rules. The largest transaction disclosed is a Rs. 9 crore loan extended by the company to its 62.36% subsidiary, Broad Cast Equipment (India) Private Limited. The company also reported significant transactions with KOM Business Network Limited, a group entity under common control, including a sundry creditor balance of Rs. 11.48 crore and a loan of Rs. 99 lakh. Director remuneration and sitting fees were paid to several directors including Sanjeev Kumar Jha (Whole Time Director), Urmil Gupta, Sulabh Dixit, and Jyoti Verma. The filing also discloses an investment of Rs. 2,62,903 in Naman Broadcasting & Telecommunication Pvt Ltd, in which Sharpline holds a 51% stake.
This is a routine regulatory compliance filing and not a new business event, so it should not move the stock on its own. However, the large inter-company loan to subsidiary and substantial sundry creditor exposure to a commonly controlled entity are worth noting, as they reflect meaningful fund movement within the promoter group that retail investors should monitor for governance and cash-flow sustainability.