See, if the related party transaction is within limit of 10% of the total annualised consolidated profit of the company then it is not an issue. Approval of shareholders through special resolution is required if the related party transaction during a financial year exceeds this limit.
In above case, company’s turnover is 10,304 mn. Total transaction reported to related party is approx 208 mn which is less than that limit, So there is no issue as such. 
| Subscribe To Our Free Newsletter |
