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Cravatex Ltd. — Regulatory Filings 2021
Dec 8, 2021
63129_rns_2021-12-08_9f055eeb-2adc-4747-860c-a7031e523d9d.pdf
Regulatory Filings
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Registered Office : Ground Floor (East Wing), Forbes Building, Charanjit Rai Marg, Fort, Mumbai – 400 001 CIN L93010MH1951PLC008546 Telephone No. : +91 22 6666 7474 Email : [email protected] Website : www.cravatex.com
8[th] December, 2021
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BSE Limited Department of Corporate Services (DCS-Listing) Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001
Company Code: 509472
Dear Sir,
Sub.: Related Party Transactions for the half year ended 30[th] September, 2021
Ref : Disclosure under Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We refer to the above and as required under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have enclosed the related party transactions on a consolidated basis for the half year ended 30[th] September, 2021 in the format specified under IND-AS.
Kindly take the same on record.
Thanking You,
For Cravatex Limited,
Digitally signed by SUDHANSHU NAMDEO DN: c=IN, o=Personal, SUDHANSH 2.5.4.20=925a3182dfaeb944aef04c218275696ed8797edcd95692041189f0d7dbd75ba8, postalCode=410218, st=Maharashtra, serialNumber=ed5747e3e6b898fec2d22186 U NAMDEO 1890d0b5acbfee35124932f1bd649a2993918105, cn=SUDHANSHU NAMDEO Date: 2021.12.08 15:31:23 +05'30'
Sudhanshu Namdeo
Company Secretary
Encl : a.a.
Registered Office : Ground Floor (East Wing), Forbes Building, Charanjit Rai Marg, Fort, Mumbai – 400 001 CIN L93010MH1951PLC008546
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Telephone No. : +91 22 6666 7474 Email : [email protected] Website : www.cravatex.com
| Disclosure under Regulation 23(9) of SEBI(LODR)(Amendment) Regulation, 2018 | Disclosure under Regulation 23(9) of SEBI(LODR)(Amendment) Regulation, 2018 |
|---|---|
| Consolidated Statement of Related Party Transaction for the halfyear ended on September 30, 2021 | |
| (A) List of Related Parties | |
| Name of Related Parties | Nature of Relationship |
| R.B Fitness & TradingPrivate Limited | HoldingCompany |
| (B) List of Related Parties where control exists: | |
| Name of Related Parties | Nature of Relationship |
| SD Enterprises | Director's relative interest |
| Proline Exports Private Limited | Enterprises over which Directors referred below are able to exercise significant influence. |
| Tecfin ConsultancyServices LLP | |
| Crav Apparels Private Limited | |
| Rudyand Sons | |
| (C) Key Management Personnel: | |
| Name of Related Parties | Nature of Relationship |
| Mr. Rajesh Batra | Chairman & ManagingDirector |
| Mr.Rohan Batra | Director |
| Managing Director of Subsidiary Company |
|
| Mr. Rajiv Batra | Director of Wholly Owned Subsidiary Company |
| Mr. Divakar Kamath | Executive Director & Chief Financial Officer |
| Mr. S.D.Israni | Independent Director |
| Ms.Pheroza JimmyBilimoria | Independent Director |
| Mr. N. Santhanam | Independent Director |
| Director of SubsidiaryCompany | |
| Mr.Sandeep Mukim | Chief Executive Officer of Subsidiary Company |
| Ms. Rupa Vora | Director of SubsidiaryCompany |
| Mr. Sumit Nindrajog | Director of SubsidiaryCompany |
| Mr. Niten Lalpuria | Director of SubsidiaryCompany |
| Mr.AnujRakhiyan | Director of SubsidiaryCompany |
| Mr. SanjayMariwala | Director of SubsidiaryCompany |
| Mr. Nakul Toshniwal | Director of SubsidiaryCompany |
| Mr. P. Rudran | Director of Wholly Owned Subsidiary Company |
| Mr. Ankur Sharma | Chief Financial Officer of Subsidiary Company (till 04.06.2021) |
| Mr. H S Devaprasad | Chief Financial Officer of Subsidiary Company (from 22.06.2021) |
| Mr. Sudhanshu Namdeo | CompanySecretary |
| Ms. Apurva Parulekar | Company Secretary of Subsidiary Company |
| Relatives of KMP: | |
| Mrs. Amrita Mukim | Wife of Mr.SandeepMukim |
| Mrs. Aparna Devaprasad | Wife of Mr. H S Devaprasad |
| Cont… |
DIVAKAR Digitally signed by DIVAKAR GANAPATI KAMATH DN: c=IN, o=Personal, 2.5.4.20=6464210adda1c12e7924e804e237 GANAPATI 51cbd686f636de10fe2314c9d38d842a9cb4, postalCode=400079, st=Maharashtra, serialNumber=8c50937a1a19fec77f43fe6c6fpostalCode=400079, st=Maharashtra, serialNumber=8c50937a1a19fec77f43fe6c6fserialNumber=8c50937a1a19fec77f43fe6c6f 40c02a7bfb9c8cb4cb0e88bd5124a45496a8 KAMATH d9, cn=DIVAKAR GANAPATI KAMATH
2.5.4.20=6464210adda1c12e7924e804e237 51cbd686f636de10fe2314c9d38d842a9cb4, postalCode=400079, st=Maharashtra, serialNumber=8c50937a1a19fec77f43fe6c6fpostalCode=400079, st=Maharashtra, serialNumber=8c50937a1a19fec77f43fe6c6fserialNumber=8c50937a1a19fec77f43fe6c6f 40c02a7bfb9c8cb4cb0e88bd5124a45496a8 d9, cn=DIVAKAR GANAPATI KAMATH Date: 2021.12.08 15:33:30 +05'30'
Registered Office : Ground Floor (East Wing), Forbes Building, Charanjit Rai Marg, Fort, Mumbai – 400 001 CIN L93010MH1951PLC008546
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Telephone No. : +91 22 6666 7474 Email : [email protected] Website : www.cravatex.com
| (D) The following transactions were carried out with the relatedparties in the ordinary course of business: | (D) The following transactions were carried out with the relatedparties in the ordinary course of business: |
|---|---|
| Rupees in Lacs | |
| Name of Related Parties | For the half year ended on September 30, 2021 |
| Combined Office Administrative Charges | |
| Tecfin ConsultancyServices LLP | 2.00 |
| Conslutancy charges | |
| Mrs. Amrita Mukim(relative of KMP) | 4.26 |
| Mrs. Aparna Devaprasad(relative of KMP) | 2.90 |
| Purchase of stock in trade | |
| Crav Apparels Private Limited | 26.49 |
| Sale of stock in trade | |
| Crav Apparels Private Limited | 74.53 |
| Fees, expenses and Subsistence | |
| Rudy& Company | 76.79 |
| Director Sitting Fee | 13.90 |
| (E) Outstanding balances: | Rupees in Lacs |
| Name of Related Parties | As at September 30, 2021 |
| Trade Payables | |
| - Crav Apparels Private Limited | 101.02 |
| Trade Receivables | |
| - Crav Apparels Private Limited | 24.42 |
| (F) Compensation of Key Management Personnel of the Company: | Rupees in Lacs |
| Particulars | For the half year ended on September 30, 2021 |
| Short Term Employee Benefits | 713.87 |
| Other LongTerms Benefits | 9.20 |
| Total Compensation | 723.08 |
| Terms and condition of transaction with relatedparties : | |
| All relatedpartytransactions entered duringtheyear are in ordinarycourse of the business and are on arm's length |
For Cravatex Limited,
DIVAKAR Digitally signed by DIVAKAR GANAPATI KAMATH DN: c=IN, o=Personal, 2.5.4.20=6464210adda1c12e7924e804e23 GANAPATI 751cbd686f636de10fe2314c9d38d842a9cb4, postalCode=400079, st=Maharashtra, serialNumber=8c50937a1a19fec77f43fe6c 6f40c02a7bfb9c8cb4cb0e88bd5124a4549 KAMATH 6a8d9, cn=DIVAKAR GANAPATI KAMATH Date: 2021.12.08 15:34:43 +05'30'
Divakar G. Kamath Executive Director and CFO
Date : 8[th] December, 2021 Place : Mumbai