Finolex Cables Ltd. — Audit Report / Information 2020

Jul 27, 2020

FCL: SEC: SEBI: 2020: 128 27th July 2020

Corporate Relationship Department, Bombay Stock Exchange Limited, 1st Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai — 400 001

Re: Disclosure of Related Exchange Board of India Regulations, 2015 Party Transactions pursuant to the Securities and (Listing Obligations and Disclosure Requirements)

We refer to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and forward herewith copy of disclosure of related party transactions on a consolidated basis for the Financial Year ended 31st March 2020 for your kind record.

Thanking you,

Yours faithfully For FINOLEX CABLES LIMITED

G yatri Kulkarni Compliance Officer

Finolex Cables Limited

Notes to the Standalone Financial Statements

Note 35 : Related Party Disclosures

Names of Related Parties :

Where transactions have taken place during the year and previous year/ balance outstanding.

• (a) Associate Company Finolex Industries Limited
• (b) Joint Venture Entities Finolex J- Power Systems Private Limited Corning Finolex Optical Fibre Private Limited
• (c) Promoter Group Entities Orbit Electrical Private Limited Finolex Infrastructure Limited Finolex Plassson Industries Private Limited Note : Excludes Finolex Industries Limited considered as an Associate company as above.

(d) Enterprises controlled by KMP (Mr. P. G. Pawar upto 18 September, 2019)

Sakai Media Private Limited Sakai India Foundation Sakai Relief Fund Sakai Social Foundation

(e) Employee Benefit Funds

Finolex Cables Limited Employee's Group Gratuity Scheme Finolex Cables Limited Group Superannuation Scheme

(f) Key Management Personnel ,%(j*

Mr. D. K. Chhabria Mr. Mahesh Viswanathan Mr.Devender Kumar Vasal Mr.Jayaram Rajasekara Reddy Mr.Joel Raphael Samuel Mr.Yatin Redkar Mr.Sanjay K.Asher Mr.Pradeep R.Rathi Mr.Shishir Lall Miss. Poornima K Prabhu

Executive Chairman and Promotor Chief Financial Officer Additional Independent Director (w.e.f 19 September, 2019) Additional Independent Director (w.e.f 19 September, 2019) Additional Independent Director (w.e.f 19 September, 2019) Additional Executive Director (w.e.f 19 September, 2019) Non-Executive Director (upto 20 April, 2019) Independent Director (upto 8 September, 2019) Independent Director Additional Independent Director (from 5 December, 2018 to 31 March, 2019) Additional Independent Director (w.e.f 14 February, 2020)

Mrs. Kavita Upadhyay

Mr. P G Pawar (Independent Non-Executive Director), Mr. Mahesh Viswanathan (Deputy Managing Director), Mr. M.L Jain (Non- executive Director) and Mrs. Shruti Udeshi (Independent Director), Directors had offered themselves for reappointment at the last AGM held on 18th September 2019. However, two major corporate shareholders holding in aggregate 45.2% of the paid up share capital of the Company voted against each of the resolutions for their respective re-appointments. A contention has been raised that these votes were cast contrary to the mandate under their constitutional documents/ contractual commitments, and these votes are the subject matter of challenge before the Court(s)/ legal forum and the matter is thus sub judice.

(g) Relatives of Key Management Personnel: (Mr. D. K. Chhabria)

Mr. Kishandas P. Chhabria Mr. Vijay K. Chhabria Mrs.Sunita K. Chhabria Mrs.Vini D. Chhahria Ms.Radhika D. Chhabria

Father Brother Mother Wife Daughter

Finolex Cables Limited

Notes to the Standalone Financial Statements

Note 35 A : Transaction with the related Parties :

								(Ks. In (.rore)
Particular	Financial Year	Associate	Joint ventureEntities	PromoterGroup Entities	Enterprisescontrolled byICMP	EmployeeBenefit Fund	KeyManagement	Relatives of KeyManagement
Investment	31-Mar-20		43.37				Personnel	Personnel
	31-Mar-19		18.87
Dividend Paid	31-Mar-20	9.98		21.13			0.42	1.22
	31-Mar-19	8.87		18.78			0.37	1.09
Dividend Received	31-Mar-20	80.39		0.25
	31-Mar-19	40.19		0.25
Rent Paid	31-Mar-20			0.25
	31-Mar-19			0.25
Rent Received	31-Mar-20		0.22	0.06
	31-Mar-19		0.22	0.06
Advertisement and Sales Promotion	31-Mar-20				0.50
	31-Mar-19
Other Services Provided	31-Mar-20				1.36
	31-Mar-19
Purchase of Raw Material	31-Mar-20		0.06
	3I-Mar-19		12.15
Contribution to Fund	31-Mar-20
	31-Mar-19					3.38
Benefit paid to employees from Trust	31-Mar-20					3.49
	31-Mar-19					4.69
Financial Support	31-Mar-20		Refer Note 32(b)(ii)			1.94
	31-Mar-19		Refer Note 32(b)(ii)
Corporate Social Responsibility	31-Mar-20
	31-Mar-19				1.28
Managerial Remuneration	31-Mar-20				1.50
	31-Mar-19						13.73
Amounts owed by related parties (Receivable )Amounts owed to related parties ( Payable )	31-Mar-20						12.31
	31-Mar-19		0.08	0.25
	31-Mar-20		0.05	0.25
	31-Mar-19		0.00	0.00		6.91	8.57
						4.76	7.82

* Denotes amount less 50,000 than Rs.

Note:

1. Key managerial Personnel are entitled to post- employement benefits recognised as per IND-AS 19-'Employee Benefits' in the financial statements. As these employee benefits are lump sum amounts provided on the basis of acturial valuation, the same is not included above.

2. All transactions with related parties have been done at arms length

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