Foseco India Ltd — Regulatory Filings 2021

Aug 11, 2021

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August 11, 2021

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

Scrip Code : 500150

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

Scrip code : FOSECOIND

Dear Sirs,

Sub: Disclosure of Related Party Transactions for the half-year ended 30th June 2021

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 2021.

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

MAHENDR Digitally signed by MAHENDRA A KUMAR KUMAR DUTIA Date: 2021.08.11 DUTIA 17:09:22 +05'30' Mahendra Kumar Dutia Controller of Accounts and Company Secretary

Enclosing: As Above

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Foseco India Limited

Registered Office: Gat Nos. 922 & 923, Sanaswadi, Taluka Shirur, District Pune – 412208 Tele: +91 2137 668100, Fax: +91 2137 668160

Website: www.fosecoindia.com, E-mail ID: investor.grievance@vesuvius.com Corporate Identity Number: L24294PN1958PLC011052

Foseco India Limited

Disclosure of Related Party Transactions for the half-year ended 30th June 2021

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 Ultimate Holding Company 2 Foseco (U.K.) 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 above period:

1 Foseco (Thailand) Limited

• 2 Foseco International Limited, United Kingdom

• 3 Foseco Industrial e-Commercial Ltds., Brazil

• 4 Foseco Golden Gate Co., Limited, Taiwan

• 5 Foseco Japan Limited 6 Foseco Korea Limited

7 Foseco Nederland BV.

• 8 PT Foseco Trading Indonesia

9 PT Foseco Indonesia 10 Vesuvius Australia Pty Ltd.

11 Vesuvius Emirates (FZE), Dubai

12 Vesuvius Foundry Technologies (Jiangsu) Company Limited, China 13 Vesuvius GmbH, Germany 14 Vesuvius Group SA, Belgium

15 Vesuvius India Limited

16 Vesuvius Malaysia Sdn. Bhd.

• 17 Vesuvius UK Limited, United Kingdom

• 18 Vesuvius Management Services Limited, United Kingdom

19 Vesuvius Inc., USA

• 20 Vesuvius Holdings Limited, United Kingdom

• 21 Vesuvius Vietnam Co. Limited

• 22 Ambrosian Well-being & Engagement Resources Pvt. Ltd., India

(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. Prasad Chavare

• 7 Mr. Ujjal Bhattacharjee 8 Mr. Mohit Mangal

• 9 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

  - MD & CEO Whole-time Director Chief Financial Officer* Chief Financial Officer*

• 10 Mr. Mahendra Kumar Dutia Controller of Accounts and Company Secretary*

• *(As per section 2 (51) of Companies Act, 2013)

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Foseco India Limited

Registered Office: Gat Nos. 922 & 923, Sanaswadi, Taluka Shirur, District Pune – 412208 Tele: +91 2137 668100, Fax: +91 2137 668160

Website: www.fosecoindia.com, E-mail ID: investor.grievance@vesuvius.com Corporate Identity Number: L24294PN1958PLC011052

FOSECO INDIA LIMITED

Related party transactions for the half year ended 30th June 2021

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

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All amounts in INR Lakh, unless otherwise stated
Nature of Transaction Nature of Relationship
Fellow Other Related Key Relatives of Key Total
Subsidiaries Parties Management Management
Personnel Personnel
Sales - Finished Goods 1,122.20 - - 1,122.20
Purchases of Goods 657.32 - - 657.32
Royalty 714.00 - - 714.00
Consultancy Service Fees 352.09 - - 352.09
Dividend -
Services Received 106.69 - - 106.69
Services Rendered 10.53 - - 10.53
Salaries and Perquisites - 175.55 175.55
Sitting Fees & Commission Paid to Non-executive Independent Directors 37.30 37.30-
Total 2,962.83 - 212.85 - 3,175.68
Balances due from / to Related Parties as on 30th June 2021
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
Fellow Other Related Key Relatives of Key Total
Subsidiaries Parties Management Management
Personnel Personnel
Trade Receivables 172.90 - - 172.90
-
Trade Payables 739.62 739.62-
Total 912.52 - - - 912.52
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