Apcotex Industries Limited — Regulatory Filings 2021

May 20, 2021

Date: 20th May 2021

To,	To,
The Manager -Listing Department,	Manager -Department of Corporate Services
The National Stock Exchange of India Ltd	BSE Limited
Exchange Plaza, 5th floor,	Jeejeebhoy Towers,
Plot no. C/1, "G" Block,	Dalal Street, Fort,
Bandra-Kurla Complex,	Mumbai -400 001
Mumbai-400051
Symbol: APCOTEXIND	Security Code: 523694

Dear Sir,

Sub: Compliance under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015

In accordance with regulation 23(9) of SEBI (LODR) Regulation 2015, we are enclosing herewith the disclosure of related party transactions for the half year ended on 31st March 2021.

The said disclosure will be uploaded on the website of the company i.e. https://www.apcotex.com

This is for your information and record.

Thanking you,

For Apcotex Industries Limited

Anand V Kumashi Company Secretary

Related Party Transaction Disclosures:

(I) Disclosures under IND AS 24 on Related Party Transactions:

A. Names of Related Parties and nature of relationship:

(Related Parties and the transactions with Related Parties are identified by the management and relied upon by Auditors).

(i) Key Management Personnel and their relatives

• a) Atul Choksey-Chairman and Non-Executive Director
• b) Abhiraj Choksey-Managing Director
• c) Parul Atul Choksey-Relative of Chairman and Non-Executive Director
• d) Y B Gadgil-Executive Director (upto 31st March, 2020)
• e) Ravishankar Sharma-Executive Director (Appointed w.e.f 1 st May, 2020)
• f) Anand Kumashi-Company Secretary
  • g) Suraj Badale-Chief Financial Officer

(ii) Non-Executive Directors and Independent Directors:

• a) Atul Choksey- Chairman and Non-Executive Director
  • b) Amit Choksey- Non Executive Director
  • c) Dr Sivaram- Independent Director
  • d) Shailesh Vaidya- Independent Director
  • e) Kamlesh Vikamsey- Independent Director
  • f) Priyamvada Bhumkar- Independent Director
  • g) Udayan Choksi- Independent Director

(iii) Entities in which some of the Directors are interested:

• a) Abhiraj Trading & Investments Pvt. Limited
• b) Amisha Habitat Private Limited
• c) Apco Enterprises LLP
• d) Aquamarine Trading & Investments Pvt. Limited
• e) Balasesh Leafin Limited
• f) Bhuvantray Investments & Trading Co. Pvt. Limited
• g) Choksey Chemical Pvt. Limited
• h) Cons Holdings Limited
• i) Jareepa Trading LLP
• j) Gauriputra Investments & Trading Co. Pvt. Limited
• k) Haridwar Trading & Investments Pvt. Limited
• l) HMP Mineral Pvt. Limited
• m) Mazda Colours Limited
• n) Colortek India Ltd
• o) Sammelan Investments & Trading Limited
• p) Shyamal Fin-vest (India) Limited
• q) The Hindustan Mineral Products Co. Limited

B. Transactions with Related Parties

(i) Key Managerial Personnel Compensation (Rs. in Lakh)

Short Term and Post-Employment Benefits	H2 FY - 2020-21
	(Oct 2020 to March 2021)
Remuneration
Abhiraj A. Choksey- Managing Director	56.44
Ravishankar Sharma - Executive Director*	30.57
Anand Kumashi- Company Secretary	14.56
Suraj Badale- Chief Financial Officer	10.82
Total	112.39

*Appointed w.e.f from 21 st May 2020 (effective from 1st May 2020)

Key Managerial Personnel who are under the employment of the company are entitled to post-employment benefits and other long term employee benefits recognized as per Ind AS 19-'Employee Benefits' in the financial statements. As these employee benefits are lump sum amounts provided on the basis of actuarial valuation, the same is not included above.

(ii) Transactions with other Related parties		(Rs. in Lakh)
SrNo	Particulars	Relationship	H2 FY - 2020-21(Oct 2020 toMarch 2021)
a.	Sale of GoodsChoksey Chemicals Pvt. Ltd	Entities in which some of the Directors are interested	33.05
b.	Rent and Other expenses (Reimbursement)Apco Enterprises LLP	Entities in which some of the Directors are interested	7.17
b.	Reimbursement of MedicalExpensesShri. Atul C. Choksey	Chairman and Non-Executive Director	0.82
d.	Leasing of Premises and alliedexpenses
	Parul Atul Choksey	Relative of Chairman and Non-Executive Director	21.55
e.	Sitting FeesAtul C. Choksey	Chairman and Non-Executive Director	0.45
	Other	Non-Executive Director and Independent Directors	6.20
f.	Commission paidAtul C.Choksey	Chairman and Non-Executive Director	-
	Other	Non-Executive Director and Independent Directors	-
g.	Outstanding as on 31st March2021Trade and Other Payable
	Abhiraj A. Choksey – Remuneration Payable	Managing Director	5.31
	Trade and Other ReceivableChoksey Chemicals Pvt Ltd	Entities in which some of the Directors are interested	28.40
	Rent DepositsApco Enterprises LLP	Entities in which some of the Directors are interested	7.02