Date: October 23, 2026

Related Party Transactions Summary

Total value of transactions during the reporting period: ₹266.36 crore

Detailed Transaction Breakdown

Promoter & Promoter Group Transactions

  • Platinum Jubilee Investments Limited (Promoter): Deposits Taken - ₹7.15 crore (Opening: ₹6.61 crore, Closing: ₹7.15 crore), Interest Paid - ₹0.14 crore
  • Platinum Jubilee Publishers Ltd (Promoter): Deposits Taken - ₹0.18 crore (Opening: ₹0.30 crore, Closing: ₹0.18 crore), Interest Paid - ₹0.00 crore

Key Managerial Personnel (KMP) Transactions

  • Praveen Achuthan Kutty (KMP since April 30, 2024): Deposits Taken - ₹1.12 crore (Opening: ₹3.40 crore, Closing: ₹1.12 crore), Interest Paid - ₹0.02 crore
  • Ravi Kumar Vadlamani (KMP): Deposits Taken - ₹3.62 crore (Opening: ₹3.12 crore, Closing: ₹3.62 crore), Interest Paid - ₹0.07 crore
  • Rubi Chaturvedi (KMP & Compliance Officer): Deposits Taken - ₹0.56 crore (Opening: ₹0.59 crore, Closing: ₹0.56 crore), Interest Paid - ₹0.00 crore, Interest Received - ₹0.00 crore, Loans Advances - ₹0.19 crore (Opening: ₹0.00 crore, Closing: ₹0.19 crore)

Director Transactions

  • Krishnan Sridhar Seshadri (Director): Deposits Taken - ₹9.04 crore (Opening: ₹10.00 crore, Closing: ₹9.04 crore), Interest Paid - ₹0.19 crore
  • Nasser Munjee (Director): FOREX Transaction - ₹0.02 crore (personal purpose, USD 2,000 at ₹97/USD)
  • Amyn Asgarali Jassani (Director): Deposits Taken - ₹0.82 crore (Opening: ₹0.81 crore, Closing: ₹0.82 crore), Interest Paid - ₹0.02 crore, Locker Rent - ₹0.00 crore, FOREX Transaction - ₹0.01 crore (CAD 1,000 at ₹68.75/CAD)
  • Suhail Amin Nathani (Director): Deposits Taken - ₹2.76 crore (Opening: ₹6.62 crore, Closing: ₹2.76 crore), Interest Paid - ₹0.00 crore
  • Somasundaram Palamadairamaswamy (Director): Deposits Taken - ₹0.64 crore (Opening: ₹1.29 crore, Closing: ₹0.64 crore), Interest Paid - ₹0.02 crore

Entities Where Directors Hold Positions

  • Aga Khan Foundation, India: Deposits Taken - ₹60.27 crore (Opening: ₹74.20 crore, Closing: ₹60.27 crore), Interest Paid - ₹0.46 crore, Bank Guarantee Issuance - ₹4.47 crore (Opening: ₹4.47 crore, Closing: ₹4.47 crore)
  • Aga Khan Agency for Habitat India: Deposits Taken - ₹4.84 crore (Opening: ₹12.08 crore, Closing: ₹4.84 crore), Interest Paid - ₹0.08 crore, FOREX Transaction - ₹0.01 crore (USD 834.14 at ₹95.4285/USD and USD 15 at ₹97.11/USD)
  • Aga Khan Rural Support Programme (India): Deposits Taken - ₹20.21 crore (Opening: ₹19.55 crore, Closing: ₹20.21 crore), Interest Paid - ₹0.41 crore
  • Cancare Trust: Deposits Taken - ₹44.29 crore (Opening: ₹33.06 crore, Closing: ₹44.29 crore), Interest Paid - ₹0.84 crore
  • Piramal Finance Limited: Deposits Taken - ₹33.51 crore (Opening: ₹0.00 crore, Closing: ₹33.51 crore), Interest Paid - ₹0.45 crore
  • Arka Fincap Limited: Loans Advances - ₹4.50 crore (Opening: ₹13.50 crore, Closing: ₹4.50 crore), Interest Received - ₹0.46 crore
  • Salaam Bombay Foundation: Deposits Taken - ₹30.50 crore (Opening: ₹0.00 crore, Closing: ₹30.50 crore), Interest Paid - ₹1.06 crore
  • Maulana Azad Educational Trust: Deposits Taken - ₹22.19 crore (Opening: ₹0.00 crore, Closing: ₹22.19 crore), Interest Paid - ₹0.57 crore

Relative of KMP/Director Transactions

Multiple relatives of KMPs and directors engaged in deposit transactions, interest payments, and forex remittances with amounts ranging from ₹0.00 crore to ₹3.40 crore, all approved by audit committee.

Approval Mechanism

All transactions were approved by the audit committee with remarks indicating:

  • "Value is dependent on the counterparty*" for promoter transactions
  • "Value is dependent on the counterparty**" for other transactions
  • "On value of deposits rates described below" for interest payments
  • FOREX transactions for personal purposes did not exceed USD 1,00,000 per transaction

Currency Conversion Rates

Multiple forex conversion rates applied during the period:

  • USD: ₹94.66, ₹95.1799, ₹95.42, ₹95.4285, ₹95.92, ₹96.14, ₹97.00, ₹97.11, ₹97.54
  • CAD: ₹68.75, ₹70.39

Classification Notes

  • KMP classifications effective from April 30, 2024 for certain individuals
  • Transaction values represent balances as on September 30, 2026 for deposit-related transactions
  • Amounts less than ₹50,000 specifically noted where applicable