Since query has been raised by BSE we are submitting disclosure of Related Party Transaction under regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015
Awaiting price reaction for this filing.
Amit International Ltd submitted its Related Party Transaction (RPT) disclosure for the quarter and year ended 31 March 2025 to BSE, after a query was raised by the exchange. Two director-related transactions were reported: (1) a loan from Mr. Kirti Doshi (Managing Director) with an outstanding balance of ₹5.76 lakh and a minor repayment of ₹22,661 during the period, and (2) an advance of ₹4.24 crore from Compass International LLP, a concern in which the Director is a partner, with fresh advances of about ₹3.95 crore booked during the year. Both transactions carry a 0% interest rate and are unsecured, with funds meant for general corporate purposes. The disclosure was approved by the audit committee and signed by the Managing Director.
Routine compliance filing with no expected direct impact on stock price, but it gives shareholders visibility into the company's reliance on director-funded loans and interest-free advances, which may raise governance or going-concern questions worth monitoring.