Bhansali Engineering Polymers Ltd. — Regulatory Filings 2020

Jun 19, 2020

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BEPL/SEC/2020/201 19[th] June, 2020

To To The BSE Limited The National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400 001 Bandra (E), Mumbai - 400 051 Security Code: 500052 Security Code: BEPL

Sub: Disclosure of Related Party Transactions for the half year ended 31[st] March, 2020

Dear Sir/Madam,

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended from time to time, please find enclosed herewith the disclosure on Related Party Transactions on a consolidated basis for the half year ended 31[st] March, 2020 in the format specified in the applicable accounting standards.

The aforesaid disclosure would be made available on the website of the Company at www.bhansaliabs.com

Kindly take the same on record.

Thanking you,

Yours faithfully,

FOR BHANSALI ENGINEERING POLYMERS LIMITED

ASHWIN Digitally signed by ASHWIN MANILAL MANILAL PATEL Date: 2020.06.19 PATEL 17:14:08 +05'30' Ashwin M. Patel Company Secretary and G M (Legal)

Encl: as above

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----- Start of picture text ----- BHANSALI ENGINEERING POLYMERS LIMITEDRelated Party Disclosures for the Half Year ended 31.03.2020A Related Party Disclosures:As per Accounting Standard 18 issued by the Institute of Chartered Accountants of India the Company's related parties andtransactions are disclosed below:(i) List of related parties where control exists and with whom transactions have taken place and relationships:Sr No Name Relationship1 Mr. B.M.Bhansali - Managing Director2 Mr. Jayesh B.Bhansali - Executive Director cum CFO Key Managerial Personnel3 Mr. Ashwin Patel - Company Secretary4 Bhansali Nippon A & L Private Limited Joint Venture CompanyB Transactions with related parties Joint Venture & Other Key Managerial PersonnelNature of transactions EnterprisesHalf year ended 31.03.2020 Half year ended 31.03.2020(Rs. in lakhs) (Rs. in lakhs) (i) Remuneration (a) Mr. B.M.Bhansali - 30.00 (b) Mr. Jayesh B Bhansali - 30.00 (c) Mr. Ashwin Patel - 25.25 (ii) Royalty & Commission (a) Bhansali Nippon A & L Private Limited 92.46 -C Balance with related parties Joint Venture & Other Key Managerial PersonnelNature of transactions EnterprisesAs on 31.03.2020 (Rs. in lakhs) As on 31.03.2020 (Rs. in lakhs) (i) Other Payables (Salary & Others)- - (a) Mr. B.M.Bhansali- - (b) Mr. Jayesh B Bhansali- - (c) Mr. Ashwin Patel (d) Bhansali Nippon A & L Private Limited 51.41----- End of picture text -----

Note: The Managing Director and Executive Director have decided to forgo the Remuneration earned in the form of Commission, calculated on the profits of the Company for the financial year 2019-20.