Foseco India Ltd — Interim / Quarterly Report 2019

Aug 23, 2019

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FOSECO

23 August 2019

SSE Limited National Stock Exchange of India Limited Listing Department, Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Plot No. C/1, G Block, Mumbai 400 001 Sandra Kurla Complex, Sandra (East), Mumbai-400 051

Dear Sirs,

1h June 2019 Sub: Disclosure of Related Party Transactions for the half-year ended 30

Pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, please find enclosed herewith the disclosures of Related Party Transactions for the half-year ended 30th June 2019.

Please note that we follow the financial year from January to December.

You are requested to take the above information on record.

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Yours faithfully, For Foseco India Limited

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Mahendra Kumar Dutia Controller of Accounts and Company Secretary

Enclosing: as above

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Foseco rs a brand of the Vesuvius Group

Foseco India limited Gat Nos. 922 & 923, Sanaswadi, Taluka Shirur, District Pune - 412 208. Maharashtra (INDIA) Tel: +91 (0) 2137 668100 / Fax: +91 (0) 2137 668160 I www.vesuvius.com/www.fosecoind1a.com / CIN : L24294PN1958PLC011052

� FOSECO

Foseco India Limited

Disclosure of Related Party Transactions for the half-year ended 30th June 2019

As per Ind-AS 24 on the related party disclosures specified under Section 133 of the Companies Act, 2013

Name of the related parties and nature of relationship

(I) Name of Related Parties having control over the Company :

1 Vesuvius Pie., United Kingdom Ultimate Holding Company 2 Foseco (UK) Limited, United Kingdom Parent of Immediate Holding Company 3 Foseco Overseas Limited, United Kingdom Holding Company

• {ii) Other Related Parties with whom transactions have taken place during the half-year ended 30th June 2019 1 Foseco (Thailand) Limited

• 2 Foseco Golden Gate Company Limited, Taiwan

• 3 Foseco International Limited, United Kingdom

• 4 Foseco Japan Limited

• 5 Foseco Korea Limited

• 6 Foseco Nederl and BV.

• 7 PT Foseco Trading Indonesia

• 8 PT Foseco Indonesia

• 9 Vesuvius Australia Pty Ltd.

• 10 Vesuvius Emirates (FZE), Dubai

• 11 Vesuvius Foundry Technologies (Jiangsu) Company Limited. China

• 12 Vesuvius GmbH. Germany

• 13 Vesuvius Group SA. Belgium

• 14 Vesuvius India Limited

• 15 Vesuvius Malaysia Sdn. Bhd.

• 16 Vesuvius UK Limited, United Kingdom

• 17 Vesuvius Inc., USA

• 18 Vesuvius Scandinavia AB

• 19 Vesuvius Holdings Limited

(II) Key Management Personnel:

1 Mr. Ravi Kirpalanl Non-Executive - Independent Director & Chairperson 2 Mr. Sanjay Mathur Managing Director 3 Mr. Ajit Shah Non-Executive - Independent Director 4 Mrs. Indira Parikh Non-Executive - Independent Director (resigned on 28th March 2019) 5 Ms. Anita Belani Non-Executive - Independent Director (appointed w.e.f. 21st June 2019) 6 Mr. Glenn Cowie Non-Executive - Non-Independent Director 7 Mr. Guy Young Non-Executive - Non-Independent Director (appointed w.e.f. 25th January 2019) 8 Mr. R Umesh Chief Financial Officer•

• 2 Mr. Sanjay Mathur

• 8 Mr. R Umesh

• 9 Mr. Mahendra Kumar Dutia Controller of Accounts and Company Secretary• '(As per section 2 (51) of Companies Act, 2013)

For Foseco India Limited

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R Umesh --Chief Financial Officer

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Foseco ,s a brand of the Vesuvius Group

Foseco India Limited Gat Nos. 922 & 923, Sanaswadi, Taluka Sh1rur, District Pune - 412 208. Maharashtra (INDIA) Tel: +91 (0) 2137 668100 / Fax: +91 (0) 2137 668160 / www.vesuv1us.com/www.foseco1nd1a.com / CIN: L24294PN1958PLC011052

FOSECO

FOSECO INDIA LIMITED

Related party transactions for the half year ended 30th June, 2019 As per Ind-AS 24 on the related party disclosures specified under Section 133 of the Companies Act, 2013

All amounts In INR Lakh, unless otherwise stated

		All amounts In INR Lakh, unless otherwise stated	All amounts In INR Lakh, unless otherwise stated	All amounts In INR Lakh, unless otherwise stated	All amounts In INR Lakh, unless otherwise stated	All amounts In INR Lakh, unless otherwise stated	All amounts In INR Lakh, unless otherwise stated
NatureofTransaction		Nature ofRelationship Fellow Other Related Key Relativesof Key Subsidiaries Parties Management Management Personnel Personnel Total
		Fellow Subsidiaries
Sales - Finished Goods		1,199.60 838.24 669.54					1,199.60
Purchases of Goods Royalty							838.24
							669.54
Consultancy Service Fees		386.31					386.31
Final Dividend for the year ended 31st December 2018 Services Received		54.41 424.48 12.82					478.89 12.82
Services Rendered		170.57	216.52				170.57 216.52
Salaries and Perquisites
Commission to Directors			17.82				17.82
Sitting Fees to Non-executive Independent Directors				11.30			11.30
Total	3,331.49 424.48 245.64 - 4,001.61

Balances due from I to Related Parties as on 30th June, 2019

As per Ind-AS 24 on the related party disclosures specified under Section 133 of the Companies Act, 2013

Nature of Transaction	Nature of Relationship	Nature of Relationship	Nature of Relationship	Nature of Relationship	Nature of Relationship
	Fellow Other Related Subsidiaries Parties		Key Management Personnel Relatives of Key Management Personnel		Total
Trade Receivables		289.66			289.66
					~~-~~
Trade Payables		660.27			660.27
Total - 949.93 - - 949.93

For Foseco India Limited

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R Umesh Chief Financial Officer

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Foseco ,s a orand of the Vesuvius Group.

• Foseco In[d] ia Limite[d ] Gat Nos. 922 & 923, Sanaswad1, Taluka Shirur, District Pune 412 208. Maharashtra (INDIA) Tel: +91 (0) 2137 668100 / Fax: +91 (0) 2137 668160 / www.vesuvius.com/www.fosecomd1a.com / CIN : L24294PN1958PLC011052