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Bhansali Engineering Polymers Ltd. Regulatory Filings 2019
62572_rns_2019-05-20_4176eb71-f5a0-4c69-8673-b7269921bfde.pdf
Regulatory Filings
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b~ANsAli ENGiNEERiNG polyMERS liMiTEd
CIN: L27100MH1984PLC032637
Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West). Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62163/64 •Fax: (91-22) 2621 6077 •E-mail: [email protected] ·Website: www.bhansaliabs.com
| BEPL/SEC/2019/064 | ||
|---|---|---|
Date: 18/05/2019
| To | To |
|---|---|
| The Manager | The National Stock Exchange of India Ltd. |
| The BSE Limited | Exchange Plaza, C-1, Block G, |
| Corporate Relationship Department | Bandra-Kurla Complex, |
| Phiroze Jecjeebhoy Towers, | Bandra (E), |
| Dalal Street; Mumbai 400001 | Mumbai - 400 051. |
| Security ID : BEPL | Symbol: BEPL |
| Security Code: 500052 |
Sub: Disclosure of Related Party Transactions Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015 "[SEBI (LODR)]".
Dear Sir/Madam
Pursuant to Regulation 23(9) of SEBI (LODR) as amended from time to time, we are enclosing herewith note on Related Party Transactions, prepared in accordance with applicable Accounting Standards.
Kindly take the same on record.
Thanking you,
Yours faithfully, FOR BHANSALI ENGINEERING POLYMERS LIMITED
Ashwin M. Patel ~;.i;6 .-~~,,. Company Secretary and G M (Legal)
Encl: as above
Related Party Disclosure:
A Related Party Disclosures:
'
As per Accounting Standard 18 issued by the Institute of Chartered Accountants of India the company's related parties and transactions are disclosed below:
(i) List of related parties where control exists and with whom transactions have taken place and relationships:
| Sr No | Name | Relationship | |
|---|---|---|---|
| 1 | Mr. B.M.Bhansali -Managing Director | Key Managerial Personnel | |
| 2 | Mr.Jayesh B.Bhansali -Executive Director & CFO | ||
| 3 | Company Secretary*Mr. D.N.Mishra - | ||
| 4 | Mr. Ashwin Patel -Company Secretary** | ||
| 5 | Bhansali Engineering Industries Pvt.Ltd. | Enterprise over which KeyManagerial Personnel are ableto exercise significant Control | |
| 6 | Bhansali Nippon A & L Private Limited | Joint Venture Company | |
| *Since resigned on 6th October, 2018 |
**Appointed on 12th November, 2018
B Transactions with related oarties Joint Venture & Key Managerial Other Enterprises Personnel Nature of transactions 2018-19 2017-18 2018-19 2017-18 (Rs. in lakhs) (Rs. in lakhs) (i) Remuneration (a) Mr. B.M.Bhansali - 386.50 771.49 (b) Mr. Jayesh B Bhansali - 386.50 771.49 (c) Mr. D N Mishra - - 29.40 39.80 (d) Mr. Ashwin Patel - - 17.37 - (ii) Royalty & Commission (a) Bhansali Nippon A & L Private Limited 368.73 257.67 - - (iii) Purchase of Raw materials (a) Bhansali Engineering Industries Private - 212.15 - - Limited c Balance with related parties Joint Venture & Key Managerial Nature of transactions Other Enterprises Personnel 2018-19 2017-18 2018-19 2017-18 (Rs. in lakhs) (Rs. in lakhs) (i) Other Payables (Salary & Others) (a) Mr. B.M.Bhansali - - - 14.41 (b) Mr. Jayesh B Bhansali - - - 14.41 (c) Mr. D N Mishra - - - 0.60 (d) Mr. Ashwin Patel - - 3.59 - (e) Bhansali Nippon A & L Private Limited 53.57 93.28 - -
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