Kanishk Steel Industries Ltd — Updates, 28-05-2025: Company Update

Kanishk Steel Industries has announced related party transactions for the half-year ended March 31, 2025. Key management personnel and promoters engaged in various transactions with entities under significant influence, including purchases and sales of goods, rental expenses, reimbursements, and service charges. Notably, OPG Business Centre Pvt Ltd accounted for power purchases worth ₹191.90 lakhs and minor rent payments, while Kanishk Metal Recycling Pvt Ltd had sales and purchase dealings and rental expenses totaling a few lakhs. Advances and fees were paid to key individuals, with major payments to the Chairman and Managing Director and the Whole-time Director & CFO. These dealings reflect routine operational and financial interactions within the group.