BEML Ltd — Regulatory Filings 2019

Nov 25, 2019

IndAS	24- RelatedParties
InaccordancewiththerequirementsofIndAS24,followingaredetailsofthetransactionsduringtheyearwith
related parties.
Name	oftherelatedparty	Natureofrelationship
VignyanIndustriesLimited		Subsidiary
MAMCIndustriesLimited		Subsidiary
BEML	BrazilindustrialLtda	‘Subsidiary(closedon22.05.2019)
BEML	MidwestLimited	Jointventure
BEML	PFTrust	Employeebenefitandadministrationtrustfund
BEML	GratuityTrust	Employeebenefitandadministrationtrustfund
BEML	Death-cum-RetirementBenefitFundTrust	Employeebenefitandadministrationtrustfund
BEML	ExecutiveSuperannuation(Pension)FundTrust	Employeebenefitandadministrationtrustfund
BEML	ExecutiveSuperannuation(Benefit)TrustFund	Employeebenefitandadministrationtrustfund
Shri.	D.K.Hota	Keymanagerialpersonnel
Shri.	BRViswanatha*	Keymanagerialpersonnel
Shri.	RH Muralidhara	Keymanagerialpersonnel
Shri.	SurajPrakash	Keymanagerialpersonnel
Shri,	SureshVastrad	Keymanagerialpersonnel
Shri.	MVRajasekhar*	Keymanagerialpersonnel
Shri.	SVRaviSekharRao	Keymanagerialpersonnel
(*For	partofthehalfyear.)

1.ThedetailsofrelatedpartytransactionsenteredintobytheCompanyareasfollows	1.ThedetailsofrelatedpartytransactionsenteredintobytheCompanyareasfollows
i,NameoftheSubsidiaryCompanyM/s.VignyanIndustriesLimited,(VIL)Tarikere
DetailsofTransactions	(@inLakhs)
Particulars	30-Sep-19
Transactionsduringtheyearended
Sales	168.21
Purchases	839,13
SalarieschargedtoVILforBEMLpersonneldeputedthere.	47.37
DividendsReceived	=
EquityInvestmentheldason30thSeptember(atcost)	252.60)
Outstandingbalances
Amountpayabletowardssuppliesason
Amountrecoverableason	73.56
CorporateGuaranteegiventoBankers	rs
ii.NameoftheSubsidiary- M/s.MAMCIndustriesLimited[ReferNote11(a)]
DetailsofTransactions
Particulars	30-Sep-19|
EquityInvestmentheldason30thSeptember(atcost)	5.00
Advancesrecoverableason30thSeptember	602.71
iii.NameoftheJointVentureCompany— M/s.BEMLMidwestLimited,Hyderabad.Shareholding45%.
DetailsofTransactions
Particulars	30-Sep-19
Transactionsduringtheyearended
Sales	+
Purchases	|
EquityInvestmentheldason30thSeptember(atcost)	542.25
Outstandingbalances
Advancesrecoverableason	135,48
Amountpayabletowardssuppliesason	230.00
CorporateGuaranteegiventoBankers[referNote7 (b)}	1,912.50
iv.NameoftheSubsidiary- M/s.BEMLBrazilIndustrialLtda(BBIL)*
DetailsofTransactions a
Particulars	30-Sep-19
InvestmentinQuotasheldason30thSeptember(atcost)	:
(*BBILis closedon22.05.2019)
2.RemunerationtoKeymanagerialpersonnel Particulars	30-Sep-19
‘Shri.D.K.Hota- ChairmanandManagingDirector	32.81
Shri.B RViswanatha- Director(Mining& Construction)*	13.64
Shri,RHMuralidhara- Director(Defence)	26.48
Shri.SurajPrakash- Director(Finance)	21.18
Shri.SureshVastrad- Director(Rail& Metro)	22.62
Shri.M V Rajasekhar- Director(Mining& Construction)"	13.13
Shri.SVRaviSekharRao- CompanySecretary
(*Forpartofthehalfyear.)

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