Shahi Shipping Limited has disclosed detailed related party transactions for the half-year period ended September 30, 2020, under regulatory compliance requirements. The company reported multiple transactions with group entities and key management personnel totaling significant amounts across various categories.

Major Loan Transactions with Group Companies

The company's most substantial transactions involved loan arrangements with affiliated entities. The following table summarizes the key loan activities:

All loan transactions were reported as interest-free and unsecured arrangements, designated for business purposes. The company also engaged in minor loan transactions with Royal Logistics Ltd, involving a repayment of ₹27,700.

Management Remuneration and Compensation

The company disclosed remuneration payments to key personnel during the reporting period:

The remuneration structure reflects the company's compensation framework for its leadership team and key management personnel.

Advances and Other Transactions

Shahi Shipping also reported advance transactions with related parties:

• Advance to Sarvesh Kumar Shahi: ₹71,81,344 (closing balance)
• Advance to Somesh Kumar Shahi: ₹65,000 (net advance paid)
• Advance received from Somesh Kumar Shahi: ₹50,000

These advance arrangements demonstrate the financial interactions between the company and its key stakeholders.

Regulatory Compliance and Transparency

The disclosure covers transactions with entities connected through common directors, including India First Logistics Ltd, Royal Logistics Ltd, and Shahi Gasol Ltd. All transactions were conducted for business purposes and represent the company's operational and financial relationships with related parties. The comprehensive nature of the disclosure reflects the company's commitment to regulatory compliance and transparency in related party dealings.

Shahi Shipping Limited has disclosed detailed related party transactions for the half-year ended March 31, 2024, revealing comprehensive financial dealings worth ₹24.47 crores across multiple entities and individuals. The disclosure covers transactions with related companies, key management personnel, and their relatives, providing transparency into the company's inter-entity financial relationships.

Major Related Entity Transactions

The company's most significant transactions occurred with India First Logistics Ltd, a related entity connected through common directors. The financial dealings with this entity encompassed multiple transaction types:

The loan repayment of ₹1.58 crores to India First Logistics Ltd represents the largest single transaction, significantly reducing the outstanding balance from ₹1.88 crores to ₹50.06 lakhs. Additionally, the company took a fresh loan of ₹20.18 lakhs during the reporting period, with all loan arrangements being interest-free and unsecured.

Transactions with Shahi Gasol Ltd

Shahi Gasol Ltd, another related entity with common directors, was involved in financial transactions totaling ₹17.01 lakhs during the period:

The interest payable amount of ₹16.61 lakhs indicates ongoing borrowing arrangements with this related entity, with the loan carrying a 12% interest rate, unlike the interest-free arrangements with India First Logistics Ltd.

Key Management Personnel Compensation

The company reported remuneration payments to key management personnel and their relatives during the half-year period:

• Sarvesh Kumar Shahi (Promoter and Director): ₹30.00 lakhs in remuneration, with balances moving from ₹2.80 lakhs opening to ₹6.23 lakhs closing
• Somesh Kumar Shahi (Relative of Director): ₹3.00 lakhs in remuneration, with balances decreasing from ₹1.78 lakhs to ₹43,100

Additionally, the company recorded an advance transaction of ₹25.00 lakhs with promoter-director Sarvesh Kumar Shahi, which was fully settled during the period, reducing the balance from ₹25.00 lakhs to zero.

Minor Related Party Dealings

Royal Logistics Ltd, connected through common directors, had minimal transaction activity during the period. The company reported a loan repayment of zero value, with a negative balance of ₹48,100 maintained throughout the period, suggesting a credit position in favor of Shahi Shipping Limited.

Transaction Characteristics

All loan arrangements disclosed in the related party transactions share common characteristics of being unsecured and primarily interest-free, except for dealings with Shahi Gasol Ltd which carries a 12% interest rate. The transactions demonstrate active financial relationships between Shahi Shipping Limited and its related entities, with significant loan repayments and ongoing business arrangements forming the core of these inter-entity dealings.