Some observation regarding RPT during concall
Madhur Rathi: So, just 2 final questions. Sir, our cash has reduced from Rs. 88 crores to Rs. 18 crores between the March quarter end closing and as well as this quarter end closing, as well as your loans have increased and mostly these are the related parties, they have increased from Rs. 72 crores to Rs.94 crores. If you could just explain this, sir.
Sanjay Dighe: It is basically the utilization of the IPO funds that were received, which has reflected in the numbers being a little different this time. I think while we talk to you in the next results call, you will find the numbers being very stable at that point of time.
Madhur Rathi: And sir, this loan that was provided to related parties, sir, so do we plan on reducing this? Sir, this has kept on increasing as we understand.
Sanjay Dighe: These are all short-term and we plan on reducing this.
Can someone clarify this in simple terms?
| Subscribe To Our Free Newsletter |
