Cigniti Technologies Ltd — Regulatory Filings 2021

May 24, 2021

24th May 2021

National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, Bandra Kurla Complex, P.J. Towers, Dalal Street Bandra (East), Mumbai – 400051. Mumbai - 400001. Fax No.26598237/26598238 Fax No.22722037/22723121

Name of Scrip: CIGNITITEC Scrip code: 534758

Dear Sir / Madam,

Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015

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

This is for the information and records of the Exchange, please.

Thanking you.

Yours Faithfully, For Cigniti Technologies Limited

A.N. Vasudha

Company Secretary

Encl: as above

Cigniti Technologies Limited CIN: L72200TG1998PLC030081 Consolidated disclosure of related party transactions for the year ended March 31, 2021 (All amounts are in lakhs of Indian Rupees, unless otherwise stated)

Related party disclosures

Names of related parties and description of relationship

Name of the related party	Relationship
Primentor Inc.	Enterprise over which Key Management Personnelexercise significant influence.
Key Management Personnel
Mr. C. V. Subramanyam	Chairman & Managing Director
Mr. C. Srikanth	Non-executive Director
Mr. Krishnan Venkatachary	Chief Financial Officer
Ms. Naga Vasudha	Company Secretary
Mr. Phaneesh Murthy	Independent director
Mr. Ram Krishna Agarwal	Independent director
Sri. Srinath Batni	Independent director
Ms. Nooraine Fazal	Independent director
Mr. K CH Subbarao	Independent director

Transactions/balances with the above parties

March 31, 2021
	Primentor Inc.	Mr. C. V.	Mr. C. Srikanth Mr. Krishnan		Ms. Naga	Mr. Ram Krishna	Mr. Srinath	Ms. Nooraine
		Subramanyam		Venkatachary	Vasudha	Agarwal	Batni	Fazal
Transactions during the year
Professional fees	218.62	-	-	-	-	-	-	-
Remuneration	-	310.85	430.67	103.94	14.65	21.00	21.00	21.00
Director sitting fees	-	-	-	-	-	12.00	12.00	12.00
Reimbursement of expenses	4.28	-	8.91	-	-	-	-	-
Balances receivable/(payable):
Remuneration payable	-	(57.35)	(157.27)	(1.65)	(0.38)	(21.00)	(21.00)	(21.00)
Trade payables	(18.29)	-	-	-	-	-	-	-

Cigniti Technologies Limited CIN: L72200TG1998PLC030081 Consolidated disclosure of related party transactions for the year ended March 31, 2021

(All amounts are in lakhs of Indian Rupees, unless otherwise stated)

March 31, 2020

	Primentor Inc.	Mr. C. V.	Mr. C. Srikanth Mr. Krishnan		Ms. Naga	Mr. Ram Krishna	Mr. Srinath	Ms. Nooraine
		Subramanyam		Venkatachary	Vasudha	Agarwal	Batni	Fazal
Transactions during the year
Professional fees	224.23	-	-	-	-	-	-	-
Remuneration	-	330.00	448.46	106.60	15.03	22.00	22.00	22.00
Director sitting fees	-	-	-	-	-	13.00	12.00	12.00
Reimbursement of expenses	23.54	-	5.97	-	-	-	-	-
Balances receivable/(payable):
Remuneration payable	-	(110.00)	(158.69)	(1.65)	(0.38)	(22.00)	(22.00)	(22.00)
Trade payables	(19.49)	-	-	-	-	-	-	-

Key management personnel (Mr. C.V Subramanyam and Mr. C. Srikanth) have given personal guarantees and personal property as collateral security in favour of bankers in connection with cash credit facility whose closing balance in total is Rs. 1,611.26 lakhs (March 31, 2020: Rs. 1,336.37 lakhs).

As the future liability for gratuity and leave encashment is provided on an actuarial basis for the Company as a whole, the amount pertaining to the Key Management personnel and their relatives is not ascertainable and, therefore, not included above.

The transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. Outstanding balances at the year-end are unsecured, interest free and settlement occurs in cash.