GEE Ltd. — Regulatory Filings 2020

Dec 9, 2020

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Date: 9[th] December 2020

To

Bombay Stock Exchange Limited

Phiroze Jeejeebhoy Towers, 25[th] Floor, Dalal Street, Fort, Mumbai-400001

Scrip Code: 504028

Subject: Disclosure of Related Party Transactions of GEE Limited for the half year ended 30[th] September 2020 under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir / Madam,

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, every listed entity shall submit within 30 days from the date of publication of its financial results for the half year, disclosures of related party transactions in the format specified to the stock exchange.

Please find enclosed herewith the disclosures regarding Related Parties Transactions basis as per relevant accounting standards for the half year ended 30[th] September, 2020.

This is for your information and records.

Thanking you,

Yours faithfully,

For and on behalf of GEE Limited

Shivani Sharma

Shivani Sharma

Company Secretary and Compliance Officer Membership Number: A63149

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Related Party disclosures (Ind AS-24) : A ) Relationship & Name of related party

Sr. No.	Relation	Related Party
	Key Management Personnel (KMP) & Director	Mr. Shankarlal Agarwal -Executive Director & Chairman
		Mr. S. M. Agarwal - Managing Director
		Mrs. Payal Agarwal –Director Finance & CFO
		Mr. Anil Kumar Agarwal (Independent Director)
		Mr.K. M. Panthaki (Independent Director)
		Mr. Amit Agarwal (Independent Director)
		Mr. Sadik Jafar Thange (Company Secretary)
2	Relatives of Key Management Personnel	Mr. O.P. Agarwal – Chief Marketing Officer
		Mr. Umesh Agarwal – Chief Operating Officer
		Mr.Anand Agarwal
		Mr. Anant Agarwal
3	Entities over which KMP has Significant Influence	Anant Business Pvt. Ltd
		R Shankarlal Sales Pvt. Ltd
		Vidya Finvest Ltd

Notes :

The Following Changes of Place in the list of Company :

Name of the Person	Designation	Nature of Changes	Date of Resignation
Mr. Sadik Jafar	Company Secretary	Resignation	August 31,2020

b) Particulars of related party transactions during the year ended 30 Sept, 2020:

Nature of Transactions	Amount (in Rs.)	Amount (in Rs.)
	30th Sept.2020	2019-20
1)Remuneration to Key Managerial Personnel	87,60,450	1,51,13,982
2) Remuneration to Relatives of Key Managerial Personnel	61,52,382	83,49,785
3) Professional Fees and Commission to Relative of KMP	20,00,000	28,10,393
4)Setting Fees to Independent and Non Executive Directors	50,000	2,30,000
5) Rent paid to Relative of KMP and KMP	-	-
6) Rent Received from Entities over which KMP has Significant Influence	300,000	4,50,000

7) Purchases from the Entities over which KMP has Significant Influence	53,332	13,59,378
8) Sales to the Entities over which KMP has Significant Influence	11,46,12,242	35,45,39,818
9) Sale of Asset to KMP	-	-
10) Sale of Asset to relative of KMP	-	-
11) Loan taken from the Entities over which KMP has Significant Influence	-	-
12)Interest on Loan	-	3,80,000
13) Repayment of Loan to the Entities over which KMP has Significant Influence	-	95,00,000

C)Amount Outstanding as on 30[th] September.2020

Relationship/ Name of Related Party	Nature of Transaction	Amount
		30th Sep.2020
Entities over which KMP has Significant Influence	Trade Receivable	6,24,85,370.35
	Trade Payable	12,526
	Loan Payable	-