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 disclosed its related party transactions on a consolidated basis for the second half of FY25 (October 2024 to March 2025), as required under SEBI listing rules. The company has given loans of around Rs 731 lakh to subsidiary Shristi Urban Infrastructure Development and Rs 1,865 lakh to subsidiary Sarga Udaipur Hotels & Resorts. Smaller loans were extended to four other subsidiaries — Border Transport Infrastructure, East Kolkata Infrastructure, Finetune Engineering Services, and Vindhyachal Attivo Food Park — ranging from Rs 0.27 lakh to Rs 0.86 lakh each. A large security deposit of Rs 7,189 lakh sits with joint venture Bengal Shristi Infrastructure Development, with Rs 100 lakh received during this period. A Rs 50 lakh security deposit was received from fellow subsidiary Citimall Plazas.
This is a routine half-yearly compliance filing and does not signal any new strategic move. Most exposures are to subsidiaries and joint ventures, indicating continued intra-group funding. Shareholders should monitor whether these loans and deposits are being serviced on time, as heavy intra-group lending can be a risk if subsidiaries face cash flow issues.