Savy Infra and Logistics Limited reports Rs 22.0546 crore loan

Savy Infra and Logistics Limited reported Rs 22.0546 crore of loans taken from C M Overseas in its related-party schedule at September 30, 2026, making it the largest named financing transaction in the disclosure. Savy Infra also recorded Rs 9.3325 crore of loans taken from Trump Organisors Pvt Ltd, an entity in which directors have substantial interest.

Which related parties provided loans to Savy Infra?

Savy Infra recorded loans taken from C M Overseas, Trump Organisors Pvt Ltd, Advait Corporation, Chandan Mundhra, Tilak Mundhra and Liladhar Mundhra in the related-party schedule dated September 30, 2026. C M Overseas is identified as a proprietorship concern of a director's relative, while Trump Organisors Pvt Ltd is identified as having substantial interest of directors.

C M Overseas provided the largest disclosed amount, at Rs 22.0546 crore, followed by Trump Organisors Pvt Ltd at Rs 9.3325 crore. The filing lists Rs 2 crore of loans taken from Liladhar Mundhra, a director, and Rs 1.0622 crore from Tilak Mundhra, the managing director. It also shows Rs 78.95 lakh taken from Chandan Mundhra, who is described as a relative of a director.

The two entity-level counterparties, C M Overseas and Trump Organisors Pvt Ltd, accounted for Rs 31.3871 crore of loans taken during the year. That was materially above the Rs 3.8517 crore combined loans recorded from Liladhar Mundhra, Tilak Mundhra and Chandan Mundhra. The schedule does not state the loan tenure, interest rate, security, maturity or stated use of funds for these transactions.

How much did Savy Infra repay to related parties?

Savy Infra reported Rs 2.3975 crore of loan repayment to C M Overseas during the year, against Rs 22.0546 crore of loans taken from that party. The difference between those two disclosed transaction entries was Rs 19.6571 crore, although the filing does not provide dates for the individual drawdowns or repayments.

Advait Corporation was shown with Rs 59.16 lakh of loans taken and Rs 1.4335 crore repaid during the year. The repayment exceeded the loan-taken entry by Rs 84.19 lakh. Savy Infra identifies Advait Corporation as a proprietorship concern of a director, but the table does not explain whether repayments settled opening balances, current-period loans, or both.

Trump Organisors Pvt Ltd had Rs 9.3325 crore of loans taken and zero loan repayment shown in the schedule. Liladhar Mundhra had Rs 2 crore of loans taken and zero repayment shown, while the rows for Tilak Mundhra also show zero loan repayment. These entries describe the related-party table for September 30, 2026 rather than a maturity profile for the underlying obligations.

What balances did Savy Infra report at September 30, 2026?

Savy Infra displayed a negative Rs 11.7471 crore balance for Trump Organisors Pvt Ltd and a negative Rs 7.3633 crore balance for C M Overseas at September 30, 2026. The filing presents the minus signs in the balance column but does not define whether they represent amounts payable, receivable, debit balances or credit balances.

Liladhar Mundhra had a balance of Rs 2.0001 crore in the same schedule, while Advait Corporation had Rs 41.32 lakh. Chandan Mundhra and Tilak Mundhra were shown with negative balances of Rs 91.19 lakh and Rs 84.97 lakh, respectively. These are reported balance figures, not an independently calculated measure of net borrowing from each party.

The closing-balance pattern differs from the loan-taken amounts reported during the year. C M Overseas had the largest loan-taken entry at Rs 22.0546 crore but a negative Rs 7.3633 crore closing figure, while Trump Organisors Pvt Ltd had Rs 9.3325 crore of loans taken and a negative Rs 11.7471 crore balance. Without a stated sign convention or opening balances, the table does not establish the direction of amounts owed.

How are C M Overseas and Trump Organisors Pvt Ltd connected to directors?

Savy Infra classifies C M Overseas as a proprietorship concern of a director's relative in its September 30, 2026 related-party list. It classifies Trump Organisors Pvt Ltd as an entity in which directors have substantial interest. The disclosed classifications explain why their Rs 22.0546 crore and Rs 9.3325 crore loan-taken entries appear in the related-party schedule.

The list separately identifies Tilak Mundhra as managing director and Liladhar Mundhra as director. Chandan Mundhra is listed as a relative of a director, and Liladhar Mundhra HUF, or Hindu Undivided Family, is described as a HUF firm of a director. Liladhar Mundhra HUF showed zero loans taken, zero repayments and zero balance at September 30, 2026.

Savy Infra also identifies Bhulnath Textile as a proprietorship concern of a director and Savy Greentech Pvt Ltd as an entity in which a director's relative has substantial interest. Savy Greentech Pvt Ltd had zero for loans taken, loans repaid and balance, while Bhulnath Textile had dashes in the corresponding financing fields. The related-party list therefore includes entities without recorded financing transactions alongside the parties that supplied loans.

What other related-party payments did Savy Infra disclose?

Savy Infra disclosed Rs 7.50 lakh of salary for Maharshi Trivedi and Rs 1.40 lakh for Sneha Shah in the September 30, 2026 schedule. Maharshi Trivedi is identified as chief financial officer appointed effective May 13, 2024, while Sneha Shah is identified as company secretary. Their rows do not show loan-taken or loan-repaid amounts.

The company also recorded sitting fees of Rs 50,000 for Copesh Shah, Rs 1.50 lakh for Sagar Arole and Rs 1.52 lakh for Anjali Jain. Their reported outstanding balances were Rs 31,000, Rs 96,000 and Rs 88,000, respectively. These payments are separate from the director-linked loan entries involving C M Overseas, Trump Organisors Pvt Ltd and individual related parties.

The related-party disclosure forms part of the unaudited financial information for the half-year ended September 30, 2026. In a declaration dated November 5, 2026, Tilak Mundhra stated that Piyush Kothari & Associates, the statutory auditors, had issued an unmodified opinion on the unaudited financial results. That declaration does not provide terms or commercial rationale for individual related-party loans.

Conclusion

Savy Infra's September 30, 2026 schedule identifies C M Overseas and Trump Organisors Pvt Ltd as the largest named director-linked entity lenders, with Rs 22.0546 crore and Rs 9.3325 crore of loans taken, respectively. The filing also reports negative balances of Rs 7.3633 crore and Rs 11.7471 crore for those counterparties, without explaining the accounting meaning of the signs.

The next disclosure to watch is a later related-party schedule or financial statement that sets out repayment activity, interest terms, maturity dates or the sign convention for the balances reported at September 30, 2026. The November 5, 2026 filing does not disclose a repayment target, financing plan or scheduled resolution for the C M Overseas and Trump Organisors Pvt Ltd positions.