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Exide Industries Ltd. Interim / Quarterly Report 2020
60960_rns_2019-11-30_392d5038-7f98-43f0-85ee-05d731229fd5.pdf
Interim / Quarterly Report
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Ref no.: EIL/SEC/2019-20/41
29.11.2019
| The Secretary | The Secretary |
|---|---|
| The Calcutta Stock Exchange Limited | BSE Limited |
| 7 Lyons Range | Phiroze Jeejeebhoy Towers |
| Kolkata -700 001 | Dalal Street, Mumbai -400 001 |
| CSE Scrip Code: 15060 & 10015060 | BSE Scl'ip Code: 500086 |
| The Secretary | - |
| National Stock Exchange of India Limited | |
| Exchange Plaza, 5th Floor, | |
| Plot no. C/1, G Block | |
| Bandra-Kurla Complex, Bandra (E), | |
| Mumbai -400 051 | |
| NSE Symbol: EXIDEIND |
Dear Sir/Madam,
Sub: Disclosure on Consolidated Related Party Transactions under Regulation 23(9)
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018 please find enclosed note on Related Party Transactions, on consolidated basis for the half year ended 30th September, 2019 drawn in accordance with applicable Accounting Standards.
This is for your information and kind records.
Thanking you.
Yours faithfully, For Exide Industries Limited
Jitendra Kumar Company Secretary and EVP - Legal & Administration ACS No.11159
Encl: as above
EXIDE INDUSTRIES LIMITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 30TH SEPTEMBER 2019
Related Party Disclosure on consolidated basis, in pursuance with Regulation 23(9) of SEBI {LODR) Regulations, 2015 as amended on 9th May 2018
| i ) Particulars of related parties : | |
|---|---|
| A. Where control exists | |
| 1. Enterprise / Individuals having a direct or indirect control | Chloride Eastern Limited, UK ( CEL) |
| over the Group | Chloride Eastern Industries Pte Limited, Singapore ( CEIL) |
| LIEC Holdings SA , SwitzerlandMr. S. B. Raheja | |
| B. Others | |
| 1. Key Management Personnel #( As on 30th September, 2019 ) | Mr G Chatterjee , Director, Ell, CML, CIL, ELEPL, Espex & CBSEAMr A K Mukherjee , Director, Ell, CML, CPSSL, ELI, ABML, Espex & CBSEA |
| Mr Subir Chakraborty , Director, Ell, CIL, CPSSL, CML , ELEPLMr Arun Mittal , Director, EIL, CPSSL, CML, ELEPL, & ABMLMr. Bharat D. Shah ' Director, EIL | |
| Mr.RB.Raheja , Director, EIL & ELI | |
| Mr.Nawshir H. Mirza, Director, Ell | |
| Mr. Vijay Agarwal, Director, Ell ( Resigned w.e.f.03.08.2019) & ELI | |
| Mr. Sudhir Chand , Director, EIL | |
| Ms. Mona N. Desai, Director, Ell & ELIMr Surin S Kapadia ,Director, Ell | |
| Mr Jitendra Kumar , Company Secretary, EIL | |
| M,. U.B. Ag;;1w;;I, Whole Time Director, CML (Resigned w.e.f 31.03.2019) | |
| Mr. Kshitij Jain, Managing Director & Chief Executive Officer, ELI | |
| Mr. Anil Kumar C, Chief Financial Officer, ELI | |
| Mr. Rangarajan B N, Appointed Actuary & CRO, ELIMr Manas Ranjan Panda , Company Secretary, ELI | |
| Mr. A Ghoshal, Director, Espex | |
| Mrs L Farmer, Director, Espex | |
| Mr. Jahar Sengupta, CPSSL ( Resigned w.e.f 01.01.2019) | |
| Mr. M Ramchandran, Director, ABML | |
| Mr. Arnab Saha, Director, ABML | |
| Mr. lshara C Nanayakkara, Director, ABMLMr. Freddy Tan Teng Shah, Director, CBSEA | |
| Mr Danny Yap , Company Secretary, CBSEA | |
| Mr. Sudipta Chakraborty, Director, GIL | |
| Mr.Hubert Angleys, Director, ELEPL | |
| Mr. Stefan Louis, Chief Executive Officer , ELEPL | |
| Mr. Arun Sharma, Chief Financial Officer and Company Secretary , ELEPLMr Samujjal Ganguly, Chief Executive Officer, CPS SL ( w.e.f 01.01.2019) | |
| Mr Vinayak Agarwal Director, ELI | |
| Mr Atanu Sen Director, ELI | |
| Mr Dhrubajyoti Bandhyopadhyay, Chief Executive Officer, CML (w.e.f. 29th July, 2019) | |
| Mr Arya Kumar Choudhury, Chief Financial Officer, CMLMs Seema S Bajaj, Company Secretary, CML | |
| 2. Name of the Companies/ firms I in which Directors/ | Shalini Construction Company Private Limited (Shalini Construction) |
| Key Management Personnel have significant influence | Peninsula Estates Private Limited (Peninsula Estates) |
| with whom transactions have happened during the year | Raheja QBE General Insurance Company Limited |
| Klevenberg (Pvt) limited | |
| Browns Thermal Engineering (Pvt) LimitedDevelopment Credit Bank Limited | |
| Asianet Satellite Communication Private Limited | |
| Hathway Cable & Datacom Limited ( Till 18-19) | |
| Prism Johnson Ltd ( earlier Prism Cement Ltd.) | |
| Juhu Beach Resort Limited | |
| Sonata Software LimitedOutlook Publishing (India) Private Limited | |
| Hathway Investment Pvt Ltd | |
| Brown & Company PLC | |
| SFL Services Pvt Ltd. | |
| 3 . Employees Trusts where there is significant influence | The Chloride Officers' Provident Fund (COPF) |
| Exide Life Insurance Employee Group Gratuity cum | |
| Life Assurance Scheme (Trust) | |
| # Abbreviations | |
| EILExide Industries Limited- | |
| CPSSL- Chloride Power Systems & Systems & Solutions Ltd ( subsidiary) | |
| CML• Chloride Metals Ltd ( subsidiary) | |
| ELI |
Exide Life Insurance Company Ltd (subsidiary)
GIL -Chloride International Ltd (subsidiary)
CBSEA - Chloride Battery S.E. Asia Pte Ltd.(subsidiary) ABML • Associated Battery Manufacturers ( Ceylon) Ltd.(subsidiary)
Espex • Espex Batteries Ltd.(subsidiary)
-
ELEPL -
- Exide Leclanche Energy Pvt. Ltd (subsidiary)
CONSOLIDATED FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30TH SEPTEMBER 2019
Related Party Disclosure on consolidated basis, In pursuance with Regulation 23(9) of SEBI (LODR) Regulations, 2015 as amended on 9th May 2018
II) Details of transactions entered Into with the related parties : (Rs. In crores )
| Enterprise/Individualshaving direct or Indirectcontrol | Key ManagementPersonnel (KMP) | Companies/firms/ In whichDirectors I KMPhave significantInfluence | Employees Trust | Total | |
|---|---|---|---|---|---|
| Transaction Value | Transaction Value Transaction | Transaction | TransactionV:,1,,a | ||
| Purchases of goods | l/alna | 1v,.1 | |||
| Brown & company PLC- | -- | -- | 1.07(0.66) | -- | 1.07(0.66) |
| Klevenberg (Pvt) Limited- | -- | -- | (0.21)(0.60) | -- | (0.21)(0.60) |
| Browns Thermal Engineering (Pv1)Limited- | -- | (2.67)(2.62) | -- | (2.67)(2.62) | |
| Sale of goods | |||||
| Brown & company PLC- | -- | -- | 66.41(60.82) | -- | 66.41(60.82) |
| l(lnvanb11rg (Pv1) Limited- | -- | - | .!Q,')5(17.04) | 20.015(17.04) | |
| Browns Thermal Engineering (Pvt) Limited- | -- | - | -(0.24) | -- | -(0.24) |
| Technical Assistance Expenses - CEIL | 0.06(0.07) | -- | -- | -- | 0.06(0.07) |
| Life Insurance premium received | |||||
| Hathway Cable & Datacom Limited- | -- | -- | -(0.12) | -- | -(0.12) |
| Sonata Software Limited- | -- | -- | 0.30(0.32) | -- | 0.30(0.32) |
| Prism Johnson Limited- | -- | -- | 0.59(1.80) | -- | 0.59(1.80) |
| Key Management Personnel- | -- | 0.0810.09) | - | - | 0.0810.09) |
| Benefits paid | - | - | |||
| Exide Life Insurance Employee Group Gratuity cum-Life Assurance Scheme (Trust) | - | - | 1.39 | - | 1.39 |
| - | - | (1.10) | - | (1.10) | |
| Hathway Cable & Datacom Limited- | - | - | - | ||
| - | - | (0.15) | - | (0.15) | |
| Sonata Software Limited- | -- | -- | 0.60- | -- | 0.60- |
| Prism Johnson Limited- | -- | -- | 1.19(0.15) | -- | 1.19(0.15) |
| Contribution made to Gratuity & Provident Fund Trust | |||||
| The Chloride Officers' Provident Fund- | - | - | - | 10.95/10.11) | 10.95110.11) |
| Services provided by the Company - Premium Paid | - | - | - | ||
| Raheja QBE General Insurance Company Limited- | -- | - | 0.02 | -- | 0.02 |
| Sonata Software Limited- | - | -- | -4.41 | - | -4.41 |
| Rent and Maintenance CostsShalini Construction- | -- | -- | -0.35 | -- | -0.35 |
| Peninsula Estates- | -- | -- | (0.33)0.09 | -- | (0.33)0.09 |
| - | - | (0.08) | - | (0.08) | |
| Insurance Expenses - Raheja QBE General InsuranceCompany Limited | -- | -- | 0.04(0.03) | -- | 0.04(0.03) |
| Enterprise/Individualshaving direct or Indirectcontrol | Key ManagementPersonnel (KMP) | Companies/firms / In whichDirectors / KMPhave significantInfluence | Employees Trust | Total | |
|---|---|---|---|---|---|
| Investments made In the funds of the Company• Hathway Cable & Datacom Limited | " | "110 17\ | " | 110.17\ | |
| RemunerationShort term employee benefits (including commission &sitting fees) | "" | 13.02 | " | " | 13.02 |
| Post Retirement Benefits | "" | (11.52)0.98 | "" | "" | (11.52)0.98 |
| " | 10.76\ | " | " | 10.76\ |
figures for the previous years are in bracket
Ill l Details of amounts due to or due from related parties as at September 30, 2019 and September 30, 2018 are as follows:
| Ab ill S11µh1111b111 30, | (Rs In crores)Ab ill S11µ!1;1111b11130,2018 | |||
|---|---|---|---|---|
| 0.38 | " | |||
| 0.77 | 0.40 | |||
| 23.64 | 21.49 | |||
| 8.89 | 5.64 | |||
| 0.21 | ||||
| 1.84 | 1.70 | |||
| 3.95 | 3.44 | |||
| 2019 |
Terms and conditions of transactions with related oartles
The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the half-year ended September 30, 2019, the Group has not recorded any impairment of receivables relating to amounts owed by related parties (PY: Nil). This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.
DIN: 00131626
For Exide Industries Limited ck~
Jitendra Kumar EVP- Legal & Administration ACS No. 11159