Camlin Fine Sciences Ltd — Annual Report 2021

Jun 28, 2021

==> picture [100 x 31] intentionally omitted <==

28[th] June, 2021

|To,
BSE Limited,
25, P. J. Towers,
Dalal Street,
Mumbai – 400 001
Ref:Company Scrip Code: 532834|To,
The Manager,
Listing Department,
National Stock Exchange of India Ltd.,
Exchange Plaza, Bandra Kurla Complex,
Bandra (East), Mumbai‐ 400051
Ref:Symbol:CAMLINFINE||Series: EQ|
|---|---|

Sub: Disclosure under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to the Regulation 23(9) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the disclosure of Related Party Transactions on a consolidated basis, in the format specified in the relevant accounting standards for the half year ended on 31[st] March, 2021.

You are requested to kindly take the above information on record.

Encl.: a/a.

For Camlin Fine Sciences Limited

==> picture [55 x 52] intentionally omitted <==

==> picture [83 x 35] intentionally omitted <==

Mandar Godbole Company Secretary & Compliance Officer

==> picture [426 x 57] intentionally omitted <==

CAMLIN FINE SCIENCES LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2021

• 43 Related party disclosures I List of Related Parties as required by Ind AS 24 'Related Party Disclosures' are given below:

• i Associate Fine Lifestyle Brands Limited

• ii Key Management Personnel (KMP)

• a) Chairman Dilip D. Dandekar

b) Managing Director Ashish S. Dandekar

c) Non-Executive Directors Anagha Dandekar Nirmal V. Momaya Atul R. Pradhan Nicola A. Paglietti Amol J. Shah (from August 2, 2019) Sutapa Banerjee (from February 8, 2020) Harsha Raghavan (from August 10, 2020) Sarvjit Singh Bedi (from September 29, 2020) Conrad D'souza (from September 29, 2020) Mahabaleshwar G. Palekar (from December 24, 2020) Thomas Videbaek (from March 31, 2021) Sharad M. Kulkarni (upto September 30, 2020) Pramod M. Sapre (upto September 30, 2020) Abeezar E. Faizullabhoy (upto August 3, 2019) Bhargav A. Patel (upto August 3, 2019) Ajit S. Deshmukh (upto May 24, 2019)

• d) Executive Director Arjun Dukane

• e) Chief Financial Officer Santosh Parab

• f) Company Secretary Mandar Godbole (from February 7, 2020) Lavanya Rastogi (November 8, 2019 to February 7, 2020) Rahul Sawale (upto July 16, 2019)

iii Relatives of Key Management Personnel Subhash D. Dandekar - Management Consultant / Relative of Managing Director Rajani S. Dandekar - Management Consultant / Relative of Managing Director

• iv Entities where control / significant influence by KMPs and their relatives exist and with whom transactions have taken place Fine Lifestyle Solutions Limited Fine Renewable Energy Limited Abana Medisys Private Limited Pagoda Advisors Private Limited Hardware Renaissance Inc. V R Momaya & Associates Kokuyo Camlin Limited Studio Internazionale

• v Post-employment benefit plan Camlin Fine Sciences Limited Group Gratuity Scheme

II The details of transactions with related parties during the year are given below:	II The details of transactions with related parties during the year are given below:	II The details of transactions with related parties during the year are given below:	INR (in Lakhs)	INR (in Lakhs)
**Sr.No **	Nature of transactions	Name of Related Party	For the year ended March 31, 2021	For the year ended March 31, 2020
1 2	Sale of products Consultancy / Professional services	Hardware Renaissance Inc Aarav Fragrances and Flavors Private Limited Subhash D. Dandekar Rajani S. Dandekar V.R. Momaya & Associates Pagoda Advisors Pvt. Limited Studio Internazionale	151.91 - 6.60 - 4.70 75.84 85.91	133.62 - 6.60 3.15 4.25 75.84 84.38
			173.05	174.22

3 4 5 6	Reimbursement of expenses Lease Income Compensation paid to Directors and Key Management Personnel (Refer Note below) Contribution paid on behalf of Gratuity Trust	Kokuyo Camlin Limited Hardware Renaissance Inc Abana Medisys Private Limited Fine Renewable Energy Limited Short term employee benefits (including bonus and value of perquisites) (Refer Note 43.1) Other long term benefits Share based payment Sitting fees* Camlin Fine Sciences Limited Group Gratuity Scheme	0.11 3.19	0.07 -
			3.30	0.07
			0.01 0.01	0.01 0.01
			0.02	0.02
			394.82	347.09
			15.25	17.99
			441.93	9.45
			70.60	52.05
			40.18	74.19

*The compensation to Key Managerial Personnel figures does not include premium paid for group medical and accident insurance.

43.1 The Holding Company, during the current financial year ended 31st March 2021, has paid Managerial Remuneration in accordance with the provisions of Section 197 of the Companies Act 2013 (“Act”) read with Schedule V thereto except for the remuneration paid to the Managing Director and a Non-Executive Director, which has exceeded the limits prescribed under Schedule V by INR 24.01 lakh. The Holding Company shall seek necessary approval of the Members, as applicable, under the aforesaid provisions of the Act, for payment of such excess remuneration.

III The details of outstanding with related parties as at year end are given below:

III The details of outstanding with related parties as at year end are given below:	III The details of outstanding with related parties as at year end are given below:	III The details of outstanding with related parties as at year end are given below:
			INR (in Lakhs)
**Sr.No **	Nature of transactions	Name of Related Party	As at March 31, 2021	As at March 31, 2020
1 2 3 4	Trade Receivable Trade Payable Compensation to KMP Lease Income Receivable	Hardware Renaissance Inc Studio Internazionale Other long term benefits Abana Medisys Private Limited Fine Renewable Energy Limited	159.91 -	101.21 51.37
			139.94	124.69
			0.49 0.03	0.48 0.02
			0.52	0.50