Ceat Ltd. — Regulatory Filings 2021

May 28, 2021

==> picture [473 x 56] intentionally omitted <==

May 28, 2021

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code: 500878

National Stock Exchange of India Limited

Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Symbol: CEATLTD NCD Symbol: CL23, CL25 CP Listed ISIN: INE482A14AD9, INE482A14AE7, INE482A14AF4, INE482A14AG2

– Sub: Reg 23(9) Disclosures of related party transactions for the half year ended March 31, 2021

Dear Sir/Madam,

Pursuant to Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed the disclosure of related party transactions, on consolidated basis, for the half year ended March 31, 2021.

You are requested to kindly take the same on record and disseminate appropriately.

Thanking you

Yours faithfully, For CEAT Limited

Vallari Gupte Company Secretary and Compliance Officer

Encl. As above

==> picture [84 x 9] intentionally omitted <==

Consolidated disclosure of Related party transactions and balances for the half year ended March 31, 2021

a) Related parties with whom transactions have taken place during the period

• CEAT Kelani Holdings (Pvt.) Limited (“CKHL”) (Joint venture of ACHL)

• Associated CEAT (Pvt.) Limited (“ACPL”) (Subsidiary of CKHL)

• Ceat-Kelani International Tyres (Pvt.) Limited (“CKITL”) (Subsidiary of CKHL)

• Ceat Kelani Radials Limited (“CKRL”) (Subsidiary of CKHL)

• Asian Tyres (Pvt.) Limited (“ATPL”) (Subsidiary of CKITL)

• TYRESNMORE Online Pvt Ltd. (“TNM”) (Associate Company)

• Greenzest Solar Private Limited. (“Greenzest”) (Associate Company)

• RPG Enterprises Limited (“RPGE”) (Directors, KMP or their relatives are interested)

• RPG Lifesciences Limited (“RPGLS”) (Directors, KMP or their relatives are interested)

• Zensar Technologies Limited(“Zensar”) (Directors, KMP or their relatives are interested)

• Raychem RPG (Pvt.) Limited (“Raychem”) (Directors, KMP or their relatives are interested)

• Seniority Pvt. Limited (“Seniority”) (Directors, KMP or their relatives are interested)

• KEC International Limited (“KEC”) (Directors, KMP or their relatives are interested)

• Malabar Coastal Holdings LLP (“Malabar”) (Directors, KMP or their relatives are interested)

• Al Sharif Group & KEC Ltd. Co (“AL sharif”) (Subsidiary of KEC)

• B.N. Elias & Co. LLP (“B.N. Elias”) (Directors, KMP or their relatives are interested)

• Atlantus Dwellings & Infrastructure LLP (“Atlantus”) (Directors, KMP or their relatives are interested)

• Chattarpati Apartments LLP (“Chattarpati”) (Directors, KMP or their relatives are interested)

• Allwin Apartments LLP (“Allwin”) (Directors, KMP or their relatives are interested)

• Amber Apartments LLP (“Amber”) (Directors, KMP or their relatives are interested)

• Khaitan & Co. (“Khaitan”) (Directors, KMP or their relatives are interested)

• CEAT Limited Superannuation Scheme ("Superannuation Scheme")(Post employment benefit fund)

 CEAT Limited Employees Gratuity Fund ("Gratuity trust")(Post employment benefit fund)  Artemis ventures Limited (“Artemis”) (Directors, KMP or their relatives are interested)  Key Management Personnel (KMP) and Directors: i) Mr. Harsh Vardhan Goenka, Chairman ii) Mr. Anant Vardhan Goenka, Managing Director iii) Mr. Arnab Banerjee, Whole-time Director iv) Mr Kumar Subbiah, Chief Financial Officer v) Ms. Vallari Gupte, Company Secretary vi) Mr. Paras K. Chowdhary, Independent Director vii) Mr. Vinay Bansal, Independent Director viii) Mr. Atul Choksey, Independent Director ix) Mr. Mahesh Gupta, Independent Director x) Mr. Haigreve Khaitan, Independent Director xi) Ms. Punita Lal, Independent Director up to January 20, 2021 xii) Ms. Priya Nair w.e.f. October 27, 2020

b) The following transactions were carried out during the year with the related parties in the ordinary course of business:

==> picture [250 x 294] intentionally omitted <==

----- Start of picture text -----

(₹ in lacs)
Transactions Related Party Half year ended
March 31, 2021
ACPL 5
AL sharif 3
CKITL 2
Reimbursement / (recovery) of expenses
KEC (1)
(net)
Zensar (18)
RPGE 113
Total 104
ACPL 66
CKITL 66
Royalty income ATPL 51
CKRL 57
Total 240
Seniority 43
Purchase of Traded goods and others Greenzest 465
Total 508
CKITL 1,001
TNM 110
Sales
Total 1,111
Investments (including share application
TNM 130
money) made during the year
CKRL 35
Technical development fees received CKITL 75
Total 110
KEC 11
Malabar 25
Rent paid on residential premises / guest
Chattarpati 23
house, etc
B N Elias 12
Total 71
----- End of picture text -----

==> picture [62 x 25] intentionally omitted <==

==> picture [298 x 184] intentionally omitted <==

----- Start of picture text -----

Raychem 8
KEC 262
Building maintenance recovery RPGE 69
RPGLS 65
Total 404
Raychem 1
Rent recovery on residential premises RPGE 6
Total 7
Gratuity trust 2,491
Superannuation
Contribution to Post-Employment Benefit Plans 41
trust
Total 2,532
Gratuity trust 567
Superannuation
Receipt from Post-Employment Benefit Plans 19
Scheme
Total 586
Purchase of capex / spares KEC 345
Consultancy fees Artemis 12
Legal fees Khaitan & Co. 38
License fees RPGE 625
----- End of picture text -----

Amount due to / from related party Advances recoverable in cash or kind and other balances Royalty receivable Trade payables Trade receivables Capital advance net of capital creditors c) Balance outstanding at the year end	(₹ in lacs) Related party As at March 31, 2021 CKITL 0 KEC 0 Raychem 0 RPGLS 0 Malabar 100 Total 100 ACPL 84 CKITL 83 CKRL 63 ATPL 60 Total 290 ACPL 1 RPGE 34 Greenstar solar 73 Artemis 7 Khaitan & Co 26 Seniority 18 Total 159 CKITL 496 TNM 75 Total 571 KEC 123 Raychem 6 Total 129

d) Transactions with key management personnel and Directors	d) Transactions with key management personnel and Directors	d) Transactions with key management personnel and Directors	(₹ in lacs)
Sr. No.		Transaction	Half year ended March 31, 2021
	1	Salaries	312
	2	Allowances and perquisites	84
	3	Director sitting fees	32
	4	Contribution to provident & superannuation fund	36
		Total	464
*Represents amount paid during the period.
e ) Balance outstanding at the year end for KMP and Directors			(₹ in lacs)
Amount due to related party		Related party	As at March 31, 2021
		Commission Payable	434
		Total	434

f) Terms and conditions of transactions with related parties

The sales to and purchases and others from related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash.

The remuneration to the key managerial personnel does not include the provisions made for gratuity as it is determined on an actuarial basis for the Company as a whole.

Managerial remuneration is computed as per the provisions of section 198 of the Companies Act, 2013. The amount outstanding are unsecured and will be settled in cash.

==> picture [54 x 22] intentionally omitted <==

g) Capital and other commitments with related parties

The estimated amount of contracts remaining to be executed on Capital account and not provided for (net of advance payments) pertaining to the related parties are as follows:

==> picture [299 x 45] intentionally omitted <==

----- Start of picture text -----

(₹ in lacs)
As at March As at March
Related Party
31,2021 31,2020
KEC 2,839 903
Raychem 60 -
----- End of picture text -----

==> picture [54 x 23] intentionally omitted <==