Foseco India Ltd — Interim / Quarterly Report 2019

Feb 27, 2020

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FOSECO

February 27, 2020

BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

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

Dear Sirs,

Sub: Disclosure of Related Party Transactions for the half-year ended 31 st December 2019

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 31st December 2019.

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.

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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 1s a brand o' ,he 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 (O) 2137 668160 / www vesuviuscomlwww.fosecoindia.com/ CIN : L24294PN1958PLC011052

� FOSECO

Fosoco India Limited

Disclosure of Related Party Transactions for the half-year ended 31st December, 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 Paries having control over the Company :	Name of Related Paries having control over the Company :
1	Vesuvius Pie., United Kingdom	Ultimate Holding Company
2	Foseco (U.K.) Limited..United Kingdom	ParentofImmediate 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 31st December 2019 1 Foseco (Thailand) Limited

2 Foseco International Limited, United Kingdom

3 Foseco Japan Limited

• 4 Foseco Korea Limited

5 Foseco Nederland BV. 6 PT Foseco Trading Indonesia 7 PT Foseco Indonesia 8 Vesuvius Australia Pty Ltd. g Vesuvius Emirates (FZE), Dubai 1 O Vesuvius Foundry Technologies (Jiangsu) Company Limited, China 11 Vesuvius GmbH, Germany 12 Vesuvius Group SA, Belgium 13 Vesuvius India Limited 14 Vesuvius Malaysia Sdn. Bhd. 15 Vesuvius UK Limited, United Kingdom 16 Vesuvius Management Services Limited, United Kingdom 17 Vesuvius Inc .. USA 18 Vesuvius Ras Al Khaimah FZ-LLC, United Arab Emirates 19 Vesuvius Holdings Limited, United Kingdom 20 Vesuvius Vietnam Co. Limited

(II) Key Management Personnel: Mr. Ravi Kirpalani Non-Executive - Independent Director & Chairperson 2 Mr. Ajit Shah Non-Executive - Independent Director 3 Mr. Guy Young Non-Executive - Non-Independent Director 4 Mr. Glenn Cowie Non-Executive - Non-Independent Director (resigned on September 26, 2019) 5 Ms. Anita Belani Non-Executive - independent Director 6 Ms. Karena Cancilleri Non-Executive - Non-Independent Director (appointed w.e.f. October 31, 2019) 7 Mr. Sanjay Mathur Managing Director 8 Mr. R Umesh Chief Financial Officer• 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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Mahendra Kumar Dutia Controller of Accounts and Company Secretary

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Fosern 1s a brand of the Vesuvius G,ouo.

·

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 / w .vesuvius.com/w .fosecoindia.com / CIN: L24294PN1958PLC011052

�� FOSECO

FOSECO INDIA LIMITED

Related party transactions for the half year ended 31st December, 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	All amounts In INR Lakh, unless otherwise stated
Nature of Transaction Sales - Finished Goods Purchases of Goods Royalty Consultancy Service Fees			Nature of Relationship Fellow Other Related Key Relatives of Key Subsidiaries Paries Management Management Personnel Personnel Total
			1,168.27						1,168.27
			990.45						990.45
			650.13						650.13
			109.93 81.61 47.16	636.72					109.93
Dividends 1 st & 2nd Interm Services Received	for the year ended 31 st December 2019								718.33
									47.16
Services Rendered Salaries and Perquisites Silting Fees to Non-executive Independent Directors			118.95						118.95 210.75
				210.75 10.50
									10.50
Total			3,166.51 636.72 221.25 -					4,024.47

Balances due from/ to Related Parties as on 31st December, 2019 As per Ind-AS 24 on the related party disclosures specified under Section 133 of the Companies Act, 2013

Nature of Transaction	Fellow Subsidiaries	Nature of Relationship
		Other Related Key Parties Management Personnel Relatives of Key Management Personnel Total
Trade Receivables
	638.94 638.94
Trade Payables
Total	852.59 - 852.59

For Foseco lnd,a L1m1led

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Mahendra Kumar Dutia Controller of Accounts and Company Secretary

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Fosrco is a brand of the Vesuv,cs Group.

Foseco India Limited Gat Nos. 922 & 923, Sanaswadi, Taluka Shirur, District Pune - 412 208. Maharashtra (INDIA)