Ester Industries Ltd. — Interim / Quarterly Report 2021

Jun 17, 2021

Date: 17 th June, 2021

BSE Limited	National Stock Exchange of India Limited
Department of Corporate services	Exchange Plaza,
Phirojee Jeejeebhoy Towers	Plot no. C/1, G Block,
Dalal Street, Mumbai – 400023	Bandra‐Kurla Complex,
	Bandra (E), Mumbai – 400051
Scrip Code: 500136	Symbol: ESTER

Dear Sir

Subject : Disclosure of Related Party Transactions for the half year ended on 31st March, 2021

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the details of standalone and consolidated related party transactions drawn in accordance with applicable accounting standards for the half year ended on 31st March, 2021.

Please take the same on your records.

Thanking You

Yours Faithfully For Ester Industries Limited

Diwaker Dinesh Head‐Legal & Company Secretary

Encls: As above

Related party transactions for the half year ended on 31st March, 2021- Standalone

In accordance with the requirements oflnd AS 24 the names of the related parties where control exists/able to exercise significant influence along with the aggregate transactions and year end balances with them as identified and certified by the management are given below:

i) Parties where control exists:	Nature of related party
Name of the related ~arties	March 31, 2021
Goldring Investments Corp	Ultimate Holding Company
Wilemina Finance Corp	Holding Company
Mr. Arvind Singhania (Chairman and CEO)	Key managerial personnel
Mr. Pradeep Kumar Rustagi (Executive Director & CFO)	Key managerial personnel
Mr. Ashok Newatia (Independent Director)	Key managerial personnel
Mrs. Archana Singhania (wife of Mr Arvind Singhania)	Director & Key managerial personnel
Dr. Anand Chand Burman (Independent Director)	Key managerial personnel
Mr.MS Ramachandran (Independent Director)	Key managerial personnel
Mr. Sandeep Dinodia (Independent Director)	Key managerial personnel
Mr. P S Dasgupta (Independent Director)	Key managerial personnel
Mrs. Padmaja Shailen Ruparel (Independent Director)	Key managerial personnel
Mr. Ayush Vardhan Singhania (son of Mr. Arvind Singhania)	Relatives of Key managerial Personnel
Ester Filmtech Limited	Wholly-owned Subsidary

(a) Transactions with key managerial personnel and their relatives carried out in the ordinary course of business:

Sr. No.	Particulars	Director & Key managerial personnel	Relative of key managerial personnel	Subsidiaries	Total
	1 Mana2erial remuneration
	Mr. Arvind Singhania	165.20	-	-	165.20
	Mr Pradeep Kumar Rustagi	59.41	-	-	59.41
	2 Commision to Directors
	Mr. Arvind Singhania	1,200.00	-	-	1,200.00
	Dr. Anand Chand Burman	10.00	-	-	10.00
	Mr. P S Dasgupta	10.00	-	-	10.00
	Mr. M S Ramachandran	10.00	-	-	10.00
	Mr. Ashok Newatia	10.00	/:'OU Sr~ -	-	10.00
	Mr. Sandeep Dinodia	10.00	- /,.,_ Ya1ock-A" .\	-	10.00
	Mrs. Archana Singhania	-	10.00 l.lJ ,,		10.00
	Mrs. Padmaja Shailen Ruparel	10.00	(/) Sector-33 & 34 };::		10.00
			Plot No-11 y , p - ~	- -

-Yarya~~

(Rs. in lacs)

	2 Sitting Fees		I
	Archana Singhaia	-	0.30	-	0.30
	Anand Chand Burman	0.10	-	-	0.10
	Ashok Kumar Newatia	0.80	-	-	0.80
	M S Ramachandran	1.00	-	-	1.00
	Sandeep Dinodia	0.80	-	-	0.80
	Padmaja Shailen Ruparel	0.20	-	-	0.20
	PS Dasgupta	0.50	-	-	0.50
3	Salary paid
	Mr. Ayush Vardhan Singhania	-	61.93	-	61.93
4	Investment in Subsidary
	Ester Filmtech Limited	-	-	6,740.00	6,740.00

(b) Closing balance with key managerial personnel and their relatives in the ordinary course of business:

(Rs. in lacs)

1 Guarantees given against loans taken (jointly and severaJly) by the Company	Key managerial personnel
Mr. Arvind Singhania	19,871.21

	Sr. Particulars	Holding Company
No.	I
	1 Unsecured loan
	I Wilemina Finance Corp*	576.97
	2 Guarantees given against loans taken (jointly and severally) by the Company
	I Wilemina Finance Corp.	14,928.61

*Includes Foreign exchange fluctuation of Rs. 72.90 Lacs

(d) Key managerial personnel compensation:

(Rs. in lacs)
1,424.61
9.25
2.18
1,436.04

Consolidated Related party transactions for the half year ended on 31st March, 2021

In accordance with the requirements oflnd AS 24 the names of the related parties where control exists/able to exercise significant influence along with the aggregate transactions and year end balances with them as identified and certified by the management are given below:

i) Parties where control exists:	Nature of related party
Name of the related 2arties	31 March 2021
Goldring Investments Corp	Ultimate Holding Company
Wilemina Finance Corp	Holding Company
Ester Filmtech Limited	Wholly-owned Subsidarv
Mr. Arvind Singhania (Chainnan and CEO in Ester Industries Limited and Chairman & Managing Director in Ester Filmtech Limited)	Key managerial personnel
Mr. Pradeep Kumar Rustagi (Executive Director & CFO in Ester Industries Limited and Ester Filmtech Limited)	Key managerial personnel
Mr. Ashok Newatia (Independent Director)	Key managerial personnel
Mrs. Arcbana Singhania (Director and wife of Arvind Singhania)	Key managerial Personnel
Dr. Anand Chand Burman (Independent Director)	Key managerial personnel
Mr. M S Ramacbandran (Independent Director)	Key managerial personnel
Mr. Sandeep Dinodia (Independent Director)	Key managerial personnel
Mr. P S Dasgupta (Independent Director)	Key managerial personnel
Mrs. Padmaja Sbailen Ruparel (Independent Director)	Key managerial personnel
Mr. Ayusb Vardhan Singhania (son of Mr. Arvind Singhania) (Director in Ester Filmtech Limited)	Relatives of Key managerial Personnel
Mr. Girish Behal (Director in Ester Filmtech Limited)	Key managerial personnel

(a) Transactions with key managerial personnel and their relatives carried out in the ordinary course of business:

					(Rs. in lacs)
Sr. No.	Particulars		Director & Key managerial personnel Relative of key managerial personnel	Subsidiaries	Total
	1 Managerial remuneration
	Mr. Arvind Singhania	165.20	-	-	165.20
	Mr Pradeep Kumar Rustagi	59.41	-	-	59.41
	2 Commision to Directors
	Mr. Arvind Singhania	1,200.00	~ -	-	1,200.00
	Dr. Anand Chand Burman	10.00	~ - - ~~	-	10.00
	Mr. P S Dasgupta	10.00	\ ' ','";';/ - IP · ,,, Plot No-11	-	10.00
	Mr. M S Ramachandran	10.00	I - I ln oci!~- ~. ~I	-	10.00
	Mr. Ashok Newatia	10.00	\ Gurgaon J.U -	-	10.00
			/~ / " \

Mr. Sandeep Dinodia	10.00	-	-	10.00
Mrs. Archana Singhania	-	10.00	-	10.00
Mrs. Padmaja Shailen Ruparel	10.00	-	-	10.00
2 Sitting Fees
Archana Singhaia	-	0.30	-	0.30
Anand Chand Burman	0.10	-	-	0.10
Ashok Kumar Newatia	0.80	-	-	0.80
M S Ramachandran	1.00	-	-	l.00
Sandeep Dinodia	0.80	-	-	0.80
Padmaja Shailen Ruparel	0.20	-	-	0.20
PS Dasgupta	0.50	-	-	0.50
3 Salary paid
Mr. Ayush Vardhan Singhania	-	61.93	-	61.93

(b) Closing balance with key managerial personnel and their relatives in the ordinary course of business:

(Rs. in lacs)

	1 Guarantees given against loans taken (jointly and severally) by the Company	Key managerial personnel
	Mr. Arvind Singhania	19,871.21
	Sr. Particulars I	Holding Company
No.
	1 lJ nsecured loan
	I Wilemina Finance Corp*	576.97
	2 Guarantees given against loans taken (jointly and severally) by the Company
	I Wilemina Finance Corp.	14,928.61

*Includes Foreign exchange fluctuation of Rs. 72.90 Lacs

(d) Key managerial personnel compensation:

	(Rs. in lacs)
Nature of transactions
Short-term employee benefits	1,424.61
Post-employment benefits	9.25
Other long-term benefits	2.18
	1,436.04