Please find enclosed herewith disclosure of Related Party Transaction pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Shristi Infrastructure Development Corporation has filed its half-yearly related party transaction disclosure with BSE and Calcutta Stock Exchange as required under SEBI LODR Regulation 23(9). The company has extended loans to six subsidiaries — Shristi Urban Infrastructure Development (Rs. 731.36 lakh), Sarga Udaipur Hotels & Resorts (Rs. 1,865.79 lakh), Border Transport Infrastructure Development (Rs. 0.62 lakh closing), East Kolkata Infrastructure Development (Rs. 0.92 lakh closing), Finetune Engineering Services (Rs. 0.35 lakh closing), and Vindhyachal Attivo Food Park (Rs. 0.88 lakh closing). The largest transaction is a Rs. 7,188.87 lakh security deposit involving joint venture Bengal Shristi Infrastructure Development. A Rs. 50 lakh security deposit was also received from fellow subsidiary Citimall Plazas. The disclosure is on a consolidated basis following applicable accounting standards.
This is a routine regulatory compliance disclosure and not a new event, but it shows significant inter-group fund movement — most notably a large Rs. 71.89 crore security deposit linked to the Bengal Shristi JV, which investors may want to monitor for end-use and recovery. Existing shareholders should track the repayment of these inter-company loans, as persistent lending to subsidiaries can be a drag on the parent's liquidity.