Commission to a Company where Directors brother has interest

Friends,

I have a query and look forward to your help.

A Limited is an Indian listed Company. It has a contract with X Limited and X Limited (Foreign company) will procure contracts for A Limited (Indian Listed Company) and X Limited will be paid a commission for the same.

K is a Director of the Indian Listed company. His brother is a Director in the Foreign COmpany rendering service and taking commission.

I understand that Sec. 297 is not attracted as the transaction is between an Indian Company and Foreign company. Do we need to do any other compiance in this regard, being the Indian Company is a listed Company?

Please share your thoughts.

Regards

Mohan