Simply because the beneficial interest in shares has been transferred or sold, does not mean that transactions with the entity involved can be excluded from Related Party Transaction compliances.
Removing such transactions from Related Party Transaction compliances requires first updating the shareholding pattern by removing a promoter or promoter group entity through a formal reclassification process under SEBI LODR. This process is not automatic or concomitant to nullification of holdings or beneficial interest.
Affinisio(RPT) related party transaction management software tracks such reclassifications on a point-in-time basis, so transactions remain within Related Party Transaction compliances until the reclassification is formally effective.
