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DLF LIMITED — Interim / Quarterly Report 2019
Jun 21, 2019
60851_rns_2019-06-21_d8d9347f-feb1-4c69-a1d5-5c236deec9c7.pdf
Interim / Quarterly Report
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DLF Limited DLF Gateway Tower, R Block, DLF City Phase – III, Gurugram – 122 002, Haryana (India) Tel. : (+91-124) 4396000
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June 20, 2019
The General Manager The Vice-President Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, P.J. Tower, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai-400051
Dear Sir,
Sub: Disclosure under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, disclosure of Related Party Transactions (consolidated basis), is enclosed herewith for the half-year ended 31 March 2019 in the format specified in the relevant accounting standards.
This is for your information and record please.
Thanking you,
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Encl. : As above
For Stock Exchange’s clarifications :- 1. Mr. Subhash Setia – 09873718989/[email protected] 2. Mr. Raju Paul – 09999333687 / [email protected]
Regd. Office : DLF Shopping Mall, 3[rd] Floor, Arjun Marg, DLF City, Phase-I, Gurgaon-122 002, India CIN: L70101HR1963PLC002484; Website: www.dlf.in
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DLF Limited
Disclosures under IndAS 24 - Related party transactions (on consolidated basis) for the Half year ended 31 March 2019 (October 2018 to March 2019)
a) Holding Company :
Rajdhani Investments & Agencies Private Limited (w.e.f. 12 March 2018)
b) Fellow subsidiary / partnership firms :
i) DLF Urva Real Estate Developers & Services Private Limited (Subsidiary company) ii) Lion Brand Poultries (Partnership firms)
c) Joint ventures (J) /Associates (A) :
| Sl.No. | Name of Joint Venture(J)/ Joint Operation(JO)/ Associates(A) |
|---|---|
| 1. | Banjara Hills Hyderabad Complex(JO) |
| 2. | DLF Gayatri Home Developers Private Limited(JV) |
| 3. | DLF Midtown Private Limited(JV) |
| 4. | DLF SBPL Developers Private Limited(JV) |
| 5. | DLF Urban Private Limited(JV) |
| 6. | GSG DRDL Consortium(JO) |
| 7. | Fairleaf Real Estate Private Limited[formerlyYG RealtyPrivate Limited] (JV) |
| 8. | Designplus Associates Services Private Limited(JV) |
| 9. | Spazzio Projects and Interiors Private Limited (JV) (Wholly-owned subsidiaryof Designplus Associates Services Private Limited) |
| 10. | DLF Homes Panchkula Private Limited(A) |
| 11. | Joyous HousingLimited(JV) |
| 12. | Arizona Globalservices Private Limited(A) |
| 13. | Aadarshini Real Estate Developers Private Limited[w.e.f. 19 March 2019]$ |
| 14. | DCCDL GROUP (JV) Comprising investment in DLF Cyber City Developers Limited alongwith its following subsidiaries [w.e.f. 26 December 2017] |
| (i) | Caraf Builders & Constructions Private Limited [now merged with DLF Cyber CityDevelopers Limited(w.e.f. 27 September 2018)] |
| (ii) | DLF Assets Private Limited |
| (iii) | DLF CityCentre Limited |
| (iv) | DLF Emporio Limited |
| (v) | DLF Info CityDevelopers(Chandigarh)Limited |
| (vi) | DLF Info CityDevelopers(Kolkata)Limited |
| (vii) | DLF Power & Services Limited |
| (viii | ) DLF Promenade Limited |
| (ix) | Richmond Park PropertyManagement Services Limited |
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d) Key management personnel (KMP), their relatives and Other enterprises under the control of key management personnel and their relatives:
| Name of KMP | Designation | **Relatives *** |
|---|---|---|
| Dr. K.P. Singh | Chairman | Ms. Renuka Talwar (Daughter) Ms. Pia Singh (Daughter) |
| Mr. Rajiv Singh | Vice chairman | Mrs. Kavita Singh (Wife) Ms. Anushka Singh (Daughter) |
| Mr. Rajeev Talwar | CEO and Whole-time Director | |
| Mr. Mohit Gujral | CEO and Whole-time Director | |
| Mr. Ashok Kumar Tyagi | Whole-time Director and Group Chief Financial Officer |
|
| Mr. Devinder Singh | Whole-time Director |
- Relatives of KMP (other than KMP themselves)
| Entities | under the control of KMP |
|---|---|
| Sl. No. | Name of Entity |
| 1 | A.S.G. Realcon Private Limited |
| 2 | AGS Buildtech Private Limited |
| 3 | Anubhav Apartments Private Limited |
| 4 | Arihant Housing Company* |
| 5 | Atria Partners |
| 6 | Centre Point Property Management Services LLP |
| 7 | DLF Brands Private Limited |
| 8 | DLF Building & Services Private Limited |
| 9 | DLF Commercial Enterprises |
| 10 | DLF Foundation |
| 11 | DLF Q.E.C. Educational Charitable Trust |
| 12 | DLF Q.E.C. Medical Charitable Trust |
| 13 | Elephanta Estates Private Limited |
| 14 | Excel Housing Construction LLP |
| 15 | Hitech Property Developers Private Limited |
| 16 | IKPS Family Trust |
| 17 | Jhandewalan Ancillaries LLP |
| 18 | Kiko Cosmetics Retail Private Limited |
| 19 | Madhukar Housing and Development Company* |
| 20 | Mallika Housing Company LLP |
| 21 | Parvati Estates LLP |
| 22 | Plaza Partners |
| 23 | Prem Traders LLP |
| 24 | Pushpak Builders and Developers Private Limited |
| 25 | Realest Builders and Services Private Limited |
| 26 | Renkon Partners |
| 27 | Rod Retail Private Limited |
| 28 | Sambhav Housing and Development Company* |
| 29 | Solace Housing and Construction Private Limited |
| 30 | Sudarshan Estates LLP |
| 31 | Sukh Sansar Housing Private Limited |
| 32 | Super Mart Two Property Management Services LLP |
| 33 | Trinity Housing and Construction Company* |
| 34 | Udyan Housing and Development Company* |
| 35 | Uttam Builders and Developers Private Limited |
| 36 | Uttam Real Estates Company* |
- A private company with unlimited liability.
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Related party transactions for the Half year ended 31 March 2019 (October 2018 to March 2019)
| (₹ in lakhs) | |
|---|---|
| Description | Holding Company |
| Rent Received | 14.16 |
| Miscellaneous receipts (income) | 8.24 |
| Interest Paid | 108.26 |
| Loan Taken | 140,000.00 |
| ConversionofCompulsorily convertible debentures to shares | 512,575.00 |
| (₹ in lakhs) | (₹ in lakhs) | ||
|---|---|---|---|
| Description | Fellow Subsidiary | ||
| Rent Received | 7.97 | ||
| Miscellaneous receipts (income) | 7.94 | ||
| Interest Paid | 1.47 | ||
| Conversion of Compulsorily convertible debentures to | shares | 30,000.00 | |
| (₹ in lakhs) | |||
| Description | KMP | ||
| Salaries, wages and bonus | 4,102.50 | ||
| Post-employment benefits | 96.32 | ||
| (₹ in lakhs) | |||
| Description | Joint Ventures | Associates | |
| Interest income | 6,093.02 | 3,402.90 | |
| Development charges | 3,394.41 | - | |
| Rent received | 487.01 | - | |
| Expenses recovered | 7,911.05 | 28.71 | |
| Expenses paid | 18,706.81 | - | |
| Interest paid | 53,552.71 | - | |
| Rent Paid | 566.82 | - | |
| Miscellaneous receipts(income) | 4,249.63 | - | |
| RoyaltyIncome | - | 179.67 | |
| Loans and advances given | 16.00 | 2,568.03 | |
| Loans and advances refunded | 64,210.00 | - | |
| Loans refunded back | 156,336.00 | - | |
| Guarantees Given | 175,590.09 | - |
| RoyaltyIncome Loans and advances given Loans and advances refunded Loans refunded back Guarantees Given |
- 16.00 64,210.00 156,336.00 175,590.09 |
179.67 2,568.03 - - - |
|---|---|---|
| (₹ in lakhs) | ||
| Description | KMP and their relatives |
Enterprises over which KMP is able to exercise significant influence |
| Sale of constructed properties | 1,149.58 | - |
| Rent and license fee received | - | 168.82 |
| Director fees and commission | 37.50 | - |
| Expenses recovered | - | 1.43 |
| Expenses paid | 89.54 | 961.55 |
| Loans Given | 1,000.00 | - |
| Interest paid | - | 0.36 |
| Miscellaneous receipts (income) | 69.48 | 137.72 |
| Contract liability | 11.38 | 1,355.92 |
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