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Arvind Ltd. Regulatory Filings 2020
59174_rns_2020-11-11_39d7ccb6-ab8c-4b4d-a083-2fb76b8e5262.pdf
Regulatory Filings
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L AfVIOD
November 11, 2020
To
BSE Limited Listing Dept. I Dept. of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001
Security Code : 500 101 Security ID : ARVIND
To
National Stock Exchange of India Ltd. Listing Dept.,Exchange Plaza, 5th Floor Plot No. C/1, G. Block Bandra-Kurla Complex Bandra (E} Mumbai - 400 051
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 the 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, 2020
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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| (a) | Disclosure of Related Party Transactions in accordance with Ind AS 24Name of Related Parties and Nature of Relationship : | - Related Party Disclosures |
|---|---|---|
| (I) | Key Management Personnel | |
| 1 | Mr. Sanjay S. Lalbhai | Chairman and Managing Director |
| 2 | Mr. Jayesh K. Shah | Director & Chief Financial Officer |
| 3 | Mr. PunitS. 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 | Mr. Samir Uttamlal Mehta | Non-Executive Director (up to July 28, 2019) |
| Ms. Renuka Ramnath | Non-Executive Director | |
| 8 | ||
| 9 | Mr. Vallabh Roopchand Bhansali | Non-Executive Director (Up to May 10, 2019) |
| 10 | Mr. Nilesh Dhirajlal Shah | Non-Executive Director |
| 11 | Mr. Arpit Kantilal Patel | Non-Executive Director (W.f. May 17, 2019)e |
| (II) | Relatives of Key Management Personnel | |
| 1 | Smt. Jayshree S Lalbhai | |
| 2 | Smt. Poorva P Lalbhai | |
| 3 | Smt. Jaina K Lalbhai | |
| (III) | Joint Ventures | |
| 1 | Arya Omnitalk Radio Trunking Services Private Limited | |
| 2 | Arudrama Developers Private Limited | |
| 3 | Arvind Norm CBRN Systems Private Limited | wef. December 31, 2018 |
| 4 | Adient Arvind Automotive Fabrics India | w.e.f. October 25, 2018 |
| 5 | PVH Arvind Manufacturing PLC, Ethiopia | w.e.f. October 01, 2019 |
| (IV) | Limited Liability Partnership | |
| 1 | Arvind and Smart Value Homes LLP | |
| (V) | Subsidiary Companies | |
| 1 | Arvind Worldwide (M) Inc. | |
| 2 | Arvind Overseas (M) Inc. | |
| 3 | Arvind Spinning Limited | |
| 4 | Arvind Foundation | |
| (VI) | 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 Engineering Limited | |
| 5 | AML Employees Welfare Trust | up to October 21, 2018 |
| 6 | Arvind Fashions Limited | w.e.f. November 30, 2018 |
| 7 | Arvind Lifestyle Brands Limited | w.e.f. November 30, 2018 |
| 8 | Arvind Beauty Brands Retail Private Limited | w.e.f. November 30, 2018 |
| 9 | Calvin Klein Arvind Fashion Private Limited | w.e.f. November 30, 2018 |
| 10 | Tommy Hilfiger Arvind Fashions Privat e Limited | w.e.f. November 30, 2018 |
| 11 | cean Business Ventures LLPWhiteO | |
| (VII) | Trusts and Others | |
| 1 | Arvind Mills Employees' Provident Fund | |
| 2 | The Arvind Mills Employee's Grat uity Fund | |
| 3 | Lalbhai Group of Companies Officers' Superannuation Fund |
b Transactions and Balances :
| Particulars | SubsidiaryCompanies | Joint Venture | Limited LiabilityPartnership | KeyManagementPersonnel andrelatives | Trusts | Company underthe control ofKey ManagerialPersonnel | Total |
|---|---|---|---|---|---|---|---|
| $(1)$ Transactions during the year | |||||||
| Purchase of Goods | 0.01 | (0.49) | (0.48) | ||||
| Sales of Goods | 4.49 | 4.49 | |||||
| Purchase of Property, Plant and Equipment | 3.72 | 3.72 | |||||
| Sale of Property, Plant and Equipment | 0.04 | 0.04 | |||||
| Expenses Recovered | 1.08 | 0.26 | 1.34 | ||||
| Rent Income | 0.45 | 0.06 | 0.51 | ||||
| Services Rendered | 0.43 | 3.03 | 3.46 | ||||
| Remuneration | 1.24 | 1.24 | |||||
| Sitting Fees paid to Non-Executive Directors | 0.03 | 0.03 | |||||
| Services Received | 1.04 | 1.39 | 2.43 | ||||
| Reimbursement of Expenses | 1.88 | 1.88 | |||||
| Share of Profit from LLP | (0.11) | (0.11) | |||||
| Contribution Given for Employee Benefit Plans | 16.21 | 16.21 | |||||
| Imparement in value of Shares | 19.48 | 19.48 | |||||
| Withdrawal of capital Contribution | 0.11 | 0.11 | |||||
| (II) Balances as at year end | |||||||
| Trade Receivable | 3.54 | 48.82 | 52.36 | ||||
| Investments | 0.34 | 41.39 | 56.78 | 98.51 | |||
| Provision for Impairment of Investment | (0.33) | (29.81) | (30.14) | ||||
| Other Current Assets | 0.01 | 0.09 | 3.59 | 3.69 | |||
| Other Non Current Assets | 0.25 | 0.25 | |||||
| Loan Given | 5.23 | 5.23 | |||||
| Allowance for Doubtful Loan | (5.23) | (5.23) | |||||
| Trade payables | 0.11 | 8.60 | 8.71 | ||||
| Other Current Financial Liabilities | 1.71 | 1.71 | |||||
| Long Term Provision | 2.09 | 2.09 | |||||
| Short Term Provision | 3.76 | 3.76 |
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