Transaction attracting sec 301

For A Pvt Ltd:

Sec.297 is not applicable (Since contract is with a public company).

Sec.299 will be applicable if the director(s) hold 2% or more of paid-up share capital of B Ltd.

Sec.301 will be applicable if Sec.299 is applicable.

For B Ltd:

Sec.297 wil be applicable (since dealing with a Pvt Company) subject to provisions of sub-section (2).

Sec.299  will be applicable if the director(s) hold 2% or more of paid-up share capital of A Pvt Ltd.

Sec.301 will be applicable.

Suppose A Pvt Ltd grants to B Ltd in which the director of A pvt Ltd is also a director. Does the same require disclosure in 301 register?