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Ester Industries Ltd. Interim / Quarterly Report 2022
62215_rns_2021-12-02_ba9a473a-641d-470e-81c8-ce428e7a55f4.pdf
Interim / Quarterly Report
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Date: 2nd December, 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 30th September, 2021
Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the details of related party transactions drawn in accordance with applicable accounting standards for the half year ended on 301 h September, 2021.
Please take the same on your records.
Thanking You
Yours Faithfully For Ester Industries Limited
~ Dinesh
Diwaker Head-Legal & Company Secretary
,~Ends: As above
Ester Industries Limited
Corporate Ofiice: Block-A, Plot No. 11, lnfocity-1, Sector-34, Gurgaon - 122001 Haryana, India Phone: +91-124-2656100, 4572100 Fax: +91-124-4572199, 2656199 E-Mail: [email protected] Website: www.esterindustries.com
Ester Industries Limited Related party transactions for the six months ended September 30, 2021 - Standalone
In accordance with the requirements of Ind AS 24 the names of ~he 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
| Parties where control exists: | Nature of related oart'' |
|---|---|
| Name of the related arties | Seotember 30. 2021 |
| Goldring Investments Corp | Ultimate Holding Company |
| Wilemina Finance Corp | Holding Company |
| Movi Limited | Promoter Company |
| Ester Filmtech Limited | Wholly owned Subsidiary Company |
| Mr. Arvind Singhania (Chairman and CEO) | Key managerial personnel |
| Mr. Pradeep Kumar Rustagi (Executive Director & CFO) | Key managerial personnel |
| Mrs. Archana Singhania (Director) | Key managerial personnel |
| Mr. Ashok Kumar Newatia (Independent Director) | Key managerial personnel |
| Dr. Anand Chand Burman (Independent Director) | Key managerial personnel |
| Mr. M S 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 V ardhan Singhania (Executive Director and son of Mr.Arvind Singhania) | Relative of Key managerial Personnel |
| Sr.No. | (a) Transactions with key managerial personnel and their relatives carried out in the ordinary course of business:Particulars | Year | Key managerial personnel | Relative of keymanagerial personnel | (Rs. m lacs)Total |
|---|---|---|---|---|---|
| 1 | Managerial remuneration | ||||
| Arvind Singhania | September 30, 2021 | 153.20 | - | 153.20 | |
| Pradeep Kumar Rustagi | September 30, 2021 | 49.41 | - | 49.41 | |
| 2 | Sitting Fees | ||||
| Archana Singhania | September 30, 2021 | - | 0.40 | 0.40 | |
| Anand Chand Bunnan | September 30, 2021 | •0.20 | - | 0.20 | |
| Ashok Kumar Newatia | September 30, 2021 | 0.80 | - | 0.80 | |
| M S Ramachandran | September 30, 2021 | 0.90 | - | 0.90 | |
| Sandeep Din"odia | September 30, 2021 | 0.70 | - | 0.70 | |
| Padmaja Shailen Ruparel | September 30, 2021 | 0.30 | - | 0.30 | |
| PS Dasgupta | September 30, 2021 | 0.50 | - | 0.50 | |
| 3 | Salary paidAyush Vardhan Singhania | September 30, 2021 | - | 54.97 | 54.97 |
| 4 | lnvestment in SubsidaryEster Filmtech Limited | September 30, 2021 | - | 4,118.00 | 4,118.00 |
Ester Industries Limited
Related party transactions for the six months ended September 30, 2021 - Standalone
| (b) Closing balance with kev 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 | Year | Keymanagerialpersonnel |
| Arvind Singhania | September30,2021 | 21,582.98 |
(c) Closing balance with related parties in the ordinary course of business : (Rs. in lacs)
| Sr.No. | Particulars | Year | HoldingCompany |
|---|---|---|---|
| 1 | Unsecured loanWilemina Finance Corp | September30,2021* | 582.16 |
| 2 | Guarantees giv_en against loans taken (jointly and severally) by the CompanyWilemina Finance Corp | September30,2021 | 13,043.31 |
* includes foreign exchange fluctuation
(d) Key managerial personnel compensation:
| (Rs. in lacs) | ||
|---|---|---|
| Nature of transactions | September | |
| 30, 2021 | ||
| Short-tenn employee benefits | 202.61 | |
| Post-employment benefits | 4.72 | |
| Other long-term benefits | 1.61 | |
| 208.94 |
Ester Industries Limited Related party transactions for the six months ended September 30, 2021 - Consolidated
In accordance with the requirements of Ind 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
| i) Parties where control exists: | Nature of related oarty |
|---|---|
| Name of the related parties | Sentember 30. 2021 |
| Goldring Investments Corp | Ultimate Holding Company |
| Wilemina Finance Corp | Holding Company |
| Movi Limited | Promoter Company |
| Ester Filmtech Limited | Wholly O,\fned Subsidiary Company |
| Mr. Arvind Singhania (Chairman and CEO) | Key managerial personnel |
| Mr. Pradeep Kumar Rustagi (Executive Director & CFO) | Key managerial personnel |
| Mrs. Archana Singhania (Director) | Key managerial personnel |
| Mr. Ashok Kumar Newatia (Independent 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 (Executive Director and son of Mr.Arvind Singhania) | Relative of Key managerial Personnel |
| ()T ad . t e or mary course o fb us mess: .• 1. h key manageria personne an d h .t eir re at1ves carne out m hI •. d(R s. m ' I acsransactions wit |
|---|
| ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Sr. | Particulars | Year | Key managerial | Relative of key | Total |
|---|---|---|---|---|---|
| No. | personnel | managerial personnel | |||
| I | Managerial remuneration | ||||
| Arvind Singhania | September 30, 2021 | 153.20 | - | 153.20 | |
| Pradeep Kumar Rustagi | September 30, 2021 | 49.41 | - | 49.41 | |
| 2 | Sitting Fees | ||||
| Archana Singhaia | September 30, 2021 | - | 0.40 | 0.40 | |
| Anand Chand Burman | September 30, 2021 | 0.20 | - | 0.20 | |
| Ashok Kumar Newatia | September 30, 2021 | 0.80 | - | 0.80 | |
| M S Ramachandran | September 30, 2021 | 0.90 | - | 0.90 | |
| Sandeep Dinodia | September 30, 202 l | 0.70 | - | 0.70 | |
| Padmaja Shailen Ruparel | September 30, 202 l | 0.30 | - | 0.30 | |
| PS Dasgupta | September 30, 2021 | 0.50 | - | 0.50 | |
| 3 | Salary paidAyush Vardhan Singhania | September 30, 202 l | - | 54.97 | 54.97 |
Ester Industries Limited
Related party transactions for the six months ended September 30, 2021 - Consolidated
| (b) Closing balance with key managerial personnel and their relatives in the ordinary course of business: | (Rs. in lacs) | ||
|---|---|---|---|
| I | Guarantees given against loans taken (jointly and severally) by the Company | Year | Key |
| managerial | |||
| oersonnel | |||
| Ar\rind Singhania | September 30, 2021 | 21,582.98 | |
()Cl c osmg . b a I ance wt 'th re I a t e d par f 1es m . th e or d" mary course o fb usmess: . (R s. • m I acs Sr. Particulars Year Holding No. Comoany 1 Unsecured loan Wilemina Finance Corp September 30, 582.16 2021* 2 Guarantees given against loans taken (jointly and severally) by the Company Wilemina Finance Corp September 30, 2021 13,043.31
* includes foreign exchange fluctuation
(d) Key managerial personnel compensation:
| Nature of transactions | September 30,2021 |
|---|---|
| Short-term employee benefits | 202.61 |
| Post-employment benefits | 4.72 |
| Other long-term benefits | 1.61 |
| 208.94 |
