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Dynamatic Technologies Ltd. Regulatory Filings 2021
60708_rns_2021-11-19_e9e64e90-29a5-45ff-ab82-1b1f5fe30c2a.pdf
Regulatory Filings
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19th November,2021
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- The Secretary Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street MUMBAT 400 001. Fax No. 022- 22723121 I 3719 I 2037 I 2039 I 2041 I 2061
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- The Secretary National Stock Exchange of lndia Limited "Exchange Plaza" Bandra-Kurla Complex Bandra East MUMBAT 400 051. Fax No.022 -26598237 / 38 / 26598346
Sub: Disclosure of Related Party Transactions pursuant to Regulation 23 (9) of SEBI (LODR) Regulations, 201 5
Ref: Scrip Code: 505242 / DYNAMATECH
Dear Sir / Madam,
Pursuantto Regulation 23 (9) of SEBI (LODR) Regulations,2015, we herewith enclosed details of Related Party Transactions on a consolidated basis and balances for the half year ended 30th September 2021.
We kindly request you to take this intimation on record.
Thanking you,
Yours sincerely, For Dynamatic Technologjes Limited
l, ,t lt l^v , ".1 ,,'"/ I " . /vvvl
/"'/ ShivaramV Hcad- Legal, Compliance and Company Secretary
Dynamatic Park Peenya Bangalore 560 058 lndia Tel +91 B0 2839 4933 I 34 / 35 Fax +91 B0 2839 5823 www.dyna matics. com
Co rporate I de ntity Nu m ber : L1 2200KA.1 9l 3PLC002308
Dynamatic Technologies Limited All amounts are in INR lakhs unless otherwise stated
Related party disclosures for the period ended 30 September 2021
(i) Name of related parties and description of relationship:
| Name of the related party | Description of relationship | ||
|---|---|---|---|
| JKM Holdings Private Limited | Entities over which key executive management personnel or relatives of such personnel are able to exercise significant influence and have transactions during the year. |
||
| Wavell Investments Private Limited | |||
| Ahilya Malhoutra | Daughter of Udayant Malhoutra | ||
| Viveka Malani | Relatives of promotor Group | ||
| Key executive management personnel | Designation | ||
| Udayant Malhoutra | Chief Executive Officer and Managing Director | ||
| P.S. Ramesh | Executive Director, Group Technical Services and Human Resource | ||
| Arvind Mishra | Executive Director and Global Chief Operating Officer - Hydraulics & Head - Homeland Security |
||
| Chalapathi P | Chief Financial Officer | ||
| Shivaram V | Head Legal, Compliance & Company Secretary |
(ii) List of subsidiaries (including step subsidiaries)
| Holding as at | |||
|---|---|---|---|
| Name of the entity | Subsidiary/Step Subsidiary | Country of domicile | 30 September 2021 |
| JKM Erla Automotive Limited ("JEAL") | Subsidiary | India | 99.99% |
| JKM Research Farm Limited ("JRFL") | Subsidiary | India | 99.99% |
| JKM Global Pte Limited ("JGPL") | Subsidiary | Singapore | 100% |
| JKM Ferrotech Limited ("JFTL") | Step Subsidiary | India | 99.99% |
| Dynamatic Limited ("DLUK") | Step Subsidiary | United Kingdom | 100% |
| Yew Tree Investments Limited ("YTIL") | Step Subsidiary | United Kingdom | 100% |
| Dynamatic US, LLC ("DUS") | Step Subsidiary | United States of America | 100% |
| JKM Erla Holdings GmbH ("JEHG") | Step Subsidiary | Germany | 100% |
| Eisenwerk Erla GmbH ("EEG") | Step Subsidiary | Germany | 100% |
| JKM Automotive Limited ("JAL") | Step Subsidiary | India | 100% |
(iii) Related party transactions during the year
| Particulars | Related Parties | For the period ended |
|---|---|---|
| 30 September 2021 | ||
| Purchase of raw materials | Wavell Investments Private Limited | 246 |
| Rent expense | JKM Holdings Private Limited | |
| Trade advances given | Wavell Investments Private Limited | 60 1 |
(iv) Balance receivable from and payable to related parties as at the balance sheet date:
| Particulars | Related Parties | As at 30 September 2021 |
|---|---|---|
| Other current asset | Wavell Investments Private Limited | 888 |
| Trade payables | Wavell Investments Private Limited |
For DYNAMATIC TECHNOLOGIES LTD.
SHIVARAM. V.
Head-Legal, Compliance
Officer & Company Secretary
For DYNAMATIC TECHNOLOGES LIMITED Chalapathi. P Chief Financial Officer