AI assistant
Bajaj Electricals Ltd. — Interim / Quarterly Report 2022
Nov 27, 2021
60535_rns_2021-11-27_8ecc2efe-c128-432b-b116-8d6249d3c290.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
November 27, 2021
==> picture [169 x 56] intentionally omitted <==
To, BSE Limited
: Code No. 500031
Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001
National Stock Exchange of India Limited
Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
: BAJELEC - Series: EQ BAJ22 -Series C NCDs INE193E08012
Dear Sir/Madam,
Sub.: Disclosures of related party transactions of Bajaj Electricals Limited (“Company”) on a consolidated basis for the half year ended September 30, 2021
Pursuant to the provisions of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( “SEBI Listing Regulations” ), we enclose herewith disclosure of related party transactions on a consolidated basis, in the format specified in the accounting standards for the half year ended September 30, 2021.
The same is being uploaded on the website of the Company www.bajajelectricals.com.
We request you to take the above on record and that the same be treated as compliance under the applicable provisions of the SEBI Listing Regulations.
Thanking you,
Yours Faithfully, For Bajaj Electricals Limited
Digitally signed SHEKHA by SHEKHAR BAJAJ R BAJAJ Date: 2021.11.27 23:31:58 +05'30'
Shekhar Bajaj Chairman & Managing Director DIN: 00089358
Encl.: as above
Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 022-61497000 Email ID: [email protected] Website: www.bajajelectricals.com Corporate Identity Number (CIN): L31500MH1938PLC009887
==> picture [169 x 56] intentionally omitted <==
Related Party disclosure for Bajaj Electricals Limited on a consolidated basis – Half year ended on September 30, 2021
(A) Associate, Joint Venture & Subsidiary:
-
Hind Lamps Limited
-
Starlite Lighting Limited
-
Nirlep Appliances Private Limited
(B) Directors:
-
Mr. Shekhar Bajaj
-
Mr. Anuj Poddar
-
Mrs. Pooja Bajaj
-
Mr. Madhur Bajaj
-
Mr. H. V. Goenka
-
Dr. (Mr.) R. P. Singh
-
Mr. Munish Khetrapal
-
Mr. Siddharth Mehta
-
Dr. (Mrs.) lndu Shahani
-
Mr. Shailesh Haribhakti
-
Mr. Rajivnayan Bajaj
(C) Key Managerial Personnel & Relatives
-
Mr. Anant Purandare, Executive Vice President & Chief Financial Officer (upto June 30, 2021)
-
Mr. E C Prasad, Chief Financial Officer (from July 1, 2021 onwards)
-
Mr. Ajay Nagle, Head of Department – Legal (and Company Secretary)
(D) Enterprises over which any person described in (B) & (C) above is able to exercise significant influence
-
Blue Star Limited
-
Central Expressways Construction LLP
-
CESC Limited
-
Hind Musafir Agency Limited
-
IMC Chamber of Commerce and Industry
-
Spencers Retail Limited
-
The Indian Society of Advertisers
-
Bajaj Allianz General Insurance Company Limited
-
Bajaj Allianz Life Insurance Company Limited
-
Bajaj Auto Limited
-
Bajaj Electricals Foundation
-
Bajaj Finance Limited
-
Council For Fair Business Practices
-
Jamnalal Sons Private Limited
-
Paryavaran Mitra
-
Shabdam
-
The Hindustan Housing Company Limited
-
Trustees Bajaj Electricals Limited Employees Provident Fund
-
Matchwel Electrical India Limited Employees Provident Fund Trust
Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 022-61497000 Email ID: [email protected] Website: www.bajajelectricals.com Corporate Identity Number (CIN): L31500MH1938PLC009887
==> picture [169 x 56] intentionally omitted <==
Transactions during half year ended September 30, 2021 with Related Parties:
Rs. (in Lakhs)
Rs.(in Lakhs) |
Rs.(in Lakhs) |
Rs.(in Lakhs) |
Rs.(in Lakhs) |
Rs.(in Lakhs) |
||
|---|---|---|---|---|---|---|
| Sr No. |
Nature of Transaction | Half Yearly (From April 1, 2021 to September 30,2021) | ||||
| Subsidiaries | Associates | Joint Venture |
KMP/ Others |
Total | ||
| 1 | Purchases | 14095.25 | 0.00 | 0.00 | 0.00 | 14095.25 |
| 2 | Contribution to Equity | 5498.62 | 0.00 | 0.00 | 0.00 | 5498.62 |
| 3 | Trade Advance Given | 6000.00 | 0.00 | 0.00 | 0.00 | 6000.00 |
| 4 | Loan given | 17287.00 | 0.00 | 0.00 | 0.00 | 17287.00 |
| 5 | Interest on loan and advance | 1400.40 | 0.00 | 0.00 | 0.00 | 1400.40 |
| 6 | Sales | 0.74 | 95.15 | 0.00 | 150.63 | 246.52 |
| 7 | Royalty Paid | 19.90 | 0.00 | 0.00 | 0.00 | 19.90 |
| 8 | Rent Received | 0.00 | 0.90 | 0.00 | 1.15 | 2.05 |
| 9 | Services Received | 0.00 | 0.00 | 0.00 | 29.35 | 29.35 |
| 10 | Advance given | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 |
| 11 | Reimbursement of Expenses | 0.00 | 0.00 | 0.00 | 22.95 | 22.95 |
| 12 | Sales of Components | 2788.12 | 0.00 | 0.00 | 0.00 | 2788.12 |
| 13 | Employee Benefit Expense | 0.00 | 0.00 | 0.00 | 2253.89 | 2253.89 |
| 14 | Contribution to Gratuity Fund | 0.00 | 0.00 | 0.00 | 44.42 | 44.42 |
| 15 | Rent Paid | 0.00 | 0.00 | 0.00 | 49.74 | 49.74 |
| 16 | Reimbursement of Salary Cost | 32.72 | 0.00 | 0.00 | 0.00 | 32.72 |
| 17 | Claims Received | 0.00 | 0.00 | 0.00 | 1.26 | 1.26 |
| 18 | Insurance Premium paid | 0.00 | 0.00 | 0.00 | 663.32 | 663.32 |
| 19 | CSR Contribution | 0.00 | 0.00 | 0.00 | 39.39 | 39.39 |
| 20 | Rent Deposit Advanced | 0.00 | 0.00 | 0.00 | 50.00 | 50.00 |
| 21 | Other Expenses | 0.00 | 0.00 | 0.00 | 3.72 | 3.72 |
| 47122.74 | 96.05 | 0.00 | 3311.83 | 50530.62 |
Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 022-61497000 Email ID: [email protected] Website: www.bajajelectricals.com Corporate Identity Number (CIN): L31500MH1938PLC009887