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Arvind Ltd. Regulatory Filings 2019
59174_rns_2019-11-21_5b2622ce-86b4-4000-9f09-e86c37193df4.pdf
Regulatory Filings
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November 21, 2019
BSE Limited Listing Dept. I Dept. of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001
National Stock Exchange of India Ltd. Listing Dept., Exchange Plaza, 5th Floor Plot No. Cl1, G. Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051
Security Code : 500 101 Security ID : ARVIND
Symbol: ARVIND
Dear Sir I Madam,
Sub.: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Pursuant to Regulation 23(9) of Listing Regulations, please find enclosed disclosure of Related Party Transactions, on a consolidated basis, in the format specified in the relevant accounting standards, for the period ended September 30, 2019.
The above document is available on the Company's website www.arvind .com .
This is for your information and records.
Thanking you,
Encl.: As above
Arvind Limited, Naroda Road, Ahmedabad. 380 025, India Tel.: +91 79 68268000 CIN: L 17119GJ1931 PLC000093
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Arvind Limited
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Disclosure of Related Party Transactions in accordance with Ind AS 24 - Related Party Disclosures
(a) Name of the Related Parties with whom the transactions are entered in the half year ended on 30.09.2019 :
| (I) | Key Management Personnel | |||||
|---|---|---|---|---|---|---|
| 1 | Mr. Sanjay S. Lalbhai | Chairman and Managing Director | ||||
| 2 | Mr. Jayesh K. Shah | Director & Chief Financial Officer | ||||
| 3 | Mr. Punit S. Lalbhai | Executive Director | ||||
| 4 | Mr. Kulin S. Lalbhai | Executive Director | ||||
| 5 | Mr. Bakul Harshadrai Dholakia | Non-Executive Director | ||||
| 6 | Mr. Dileep Chinubhai Choksi | Non-Executive Director | ||||
| 7 | Ms. Renuka Ramnath | Non-Executive Director | ||||
| 8 | Mr. Nilesh Dhirajlal shah | Non-Executive Director | ||||
| 9 | Mr. Arpit K Patel | From May 17, 2019Non-Executive Director- | ||||
| (II) Joint Ventures | ||||||
| 1 | Arya Omnitalk Radio Trunking Services Private Limited | |||||
| 2 | Arvind Norm CBRN Systems Private Limited | w.e.f. December 31, 2018 | ||||
| 3 | Adient Arvind Automotive Fabrics India | w.e.f. October 25, 2018 | ||||
| (III) Limited Liability Partnership | ||||||
| 1 | Arvind and Smart Value Homes LLP | |||||
| (IV) Subsidiary Companies | ||||||
| 1 | Arvind Worldwide (M) Inc. | |||||
| 2 | Arvind Overseas (M) Inc. | |||||
| 3 | Arvind Spinning Limited | |||||
| 4 | Arvind Foundation | |||||
| (V) | Entities under the control of Key Managerial Personnel | |||||
| 1 | Aura Securities Private Limited | |||||
| 2 | Amplus Capital Advisors Private Limited | |||||
| 3 | Arvind Smartspaces Limited | |||||
| 4 | The Anup Enqineerinq Limited | w.e.f. October 26, 2017 | ||||
| 5 | Arvind Fashions Limited | w.e.f. November 30, 2018 | ||||
| 6 | Arvind Lifestyle Brands Limited | .e.f. November 30, 2018w | ||||
| 7 | Calvin Klein Arvind Fashion Private Limited | w.e.f. November 30, 2018 | ||||
| 8 | Tommy Hilfiger Arvind Fashions Private Limited | w.e.f. November 30, 2018 | ||||
| 9 | Blue Craft Business Ventures LLP | |||||
| (VI) Trusts and Others | ||||||
| 1 | Arvind Mills Employees' Provident Fund | |||||
| 2 | The Arvind Mills Employee's Gratuity Fund | |||||
| 3 | Lalbhai Group of Companies Officers' Superannuation Fund |
Arvind Limited
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b: Transactions for Half Year ended and Balances as at September 30, 2019
| Particulars | SubsidiaryCompanies | JointVenture | LimitedLiabilityPartnership | Key ManagementPersonnel andrelatives | Trusts | Company under thecontrol of KeyManagerial Personnel | Total |
|---|---|---|---|---|---|---|---|
| (I) Transactions during the year | |||||||
| Purchase of Goods | - | - | - | - | - | 24.66 | 24.66 |
| Sales of Goods | - | 0.01 | - | - | - | 34.64 | 34.65 |
| Expenses Recovered | - | 1.50 | - | - | - | 0.31 | 1.81 |
| Rent Income | - | 0.74 | - | - | - | 0.61 | 1.35 |
| Services Rendered | - | 1.55 | - | - | - | 5.20 | 6.75 |
| Remuneration | - | - | - | 8.31 | - | - | 8.31 |
| Sitting Fees paid to Non-Executive Directors | - | - | - | 0.02 | - | - | 0.02 |
| Services Received | - | - | - | - | - | 6.65 | 6.65 |
| Reimbursement of Expenses | - | - | - | - | - | 1.84 | 1.84 |
| Guarantee commission Income | - | - | - | - | - | 0.68 | 0.68 |
| Share of Profit from LLP | - | - | 0.03 | - | - | - | 0.03 |
| Dividend Income | - | 2.71 | - | - | - | - | 2.71 |
| Interest Expense | - | - | - | - | - | 1.68 | 1.68 |
| Contribution Given for Employee Benefit | - | - | - | - | 19.85 | - | 19.85 |
| Plans | |||||||
| Repayment of Loan | - | - | - | - | - | 20.00 | 20.00 |
| Investment made | - | - | 0.03 | - | - | - | 0.03 |
| (II) Balances as at year end | |||||||
| Guarantees | - | - | - | - | - | 127.77 | 127.77 |
| Trade Receivable | - | 2.05 | - | - | - | 33.94 | 35.99 |
| Investments | 0.34 | 16.68 | 57.33 | - | - | - | 74.35 |
| Provision for Impairment of Investment | (0.33) | - | - | - | - | - | (0.33) |
| Other Current Assets | ,183/-)(Rs.47 | 3.36 | - | - | 6.40 | 14.45 | 24.21 |
| Loan Given | 5.23 | - | - | - | - | - | 5.23 |
| Allowance for Doubtful Loan | (5.23) | - | - | - | - | - | (5.23) |
| Trade payables | - | - | - | - | - | 16.59 | 16.59 |
| Loan Taken | - | - | - | - | - | 24.36 | 24.36 |
| Other Current Liabilities | - | - | - | - | - | 1.51 | 1.51 |
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