Foseco India Ltd — Interim / Quarterly Report 2020

Aug 20, 2020

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August 20, 2020

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

Scrip Code : 500150 Scrip code : FOSECOIND

Dear Sirs,

Sub: Disclosure of Related Party Transactions for the half-year ended 30[th] June 2020

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 30[th] June 2020.

Please note that the Company follows the calendar year i.e., January to December, as the financial year for drawing up the book of accounts.

You are requested to take the above information on record.

Thanking you,

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 India Limited

Disclosure of Related Party Transactions for the half-year ended 30th June 2020

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 Plc., United Kingdom

• 2 Foseco (U.K.) Limited., United Kingdom

• 3 Foseco Overseas Limited, United Kingdom

Ultimate Holding Company Parent of Immediate Holding Company Holding Company

• (ii) Other Related Parties with whom transactions have taken place during the half-year ended 30th June 2020

• 1 Ambrosian Well-being & Engagement Resources Pvt. Ltd

• 2 Foseco (Thailand) Limited

• 3 Foseco Industrial e-Commercial Ltda

• 4 Foseco International Limited

• 5 Foseco Japan Limited

• 6 Foseco Korea Limited

• 7 Foseco Nederland BV.

• 8 PT Foseco Trading Indonesia

• 9 Vesuvius Australia Pty Limited

• 10 Vesuvius Emirates (FZE)

• 11 Vesuvius Foundry Technologies (Jiangsu) Company Limited

• 12 Vesuvius GmbH

• 13 Vesuvius Group SA

• 14 Vesuvius Inc. USA

• 15 Vesuvius India Limited

• 16 Vesuvius Malaysia Sdn. Bhd.

• 17 Vesuvius Management Services Limited

• 18 Vesuvius UK Limited

• 19 Vesuvius Vietnam Co. Limited

India Thailand Brazil United Kingdom Japan Korea Nederlands Indonesia Australia Dubai China Germany Belgium USA India Malaysia United Kingdom United Kingdom Vietnam

(II) Key Management Personnel:

• 1 Mr. Ravi Kirpalani

• 2 Mr. Ajit Shah

• 3 Mr. Guy Young

• 4 Ms. Anita Belani

• 5 Ms. Karena Cancilleri

• 6 Mr. Sanjay Mathur

• 7 Mr. R Umesh

Non-Executive - Independent Director & Chairperson Non-Executive - Independent Director Non-Executive - Non-Independent Director Non-Executive - Independent Director Non-Executive - Non-Independent Director Managing Director Chief Financial Officer*

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

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Related party transactions for the half year ended 30th June 2020

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

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----- Start of picture text ----- Nature of Transaction Nature of RelationshipFellow Other Key Relatives of TotalSubsidiaries Related Management KeyParties Personnel ManagementPersonnel Sales - Finished Goods 708.33 708.33- - Purchases of Goods 298.09 298.09- - Royalty 431.28 - - 431.28 Consultancy Service Fees 416.67 - - 416.67 Services Received 5.14 5.14- - Services Rendered 222.69 222.69- - Salaries and Perquisites - 200.79 - 200.79 Sitting Fees to Non-executive10.50 10.50-Independent Directors Total 2,082.22 - 211.29 - 2,293.51----- End of picture text -----

Balances due from / to Related Parties as on 30th June 2020

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

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----- Start of picture text ----- Nature of Transaction Nature of RelationshipFellow Other Key Relatives of TotalSubsidiaries Related Management KeyParties Personnel ManagementPersonnel Trade Receivables 129.74 - 129.74 Trade Payables 183.21 183.21 Total 312.95 - - - 312.95----- End of picture text -----

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