GEE Ltd. — Regulatory Filings 2020

Aug 27, 2020

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Date : 27[th] August, 2020

To

The General Manager

BSE LIMITED

1[st] Floor, P.J. Towers, Dalal Street, Mumbai - 400 001

Scrip Code: 504028

Subject: Submission of Yearly Disclosure on Related Party Transactions as per Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 (“the SEBI LODR Regulations”)

Dear Sir / Madam,

Pursuant to the Regulation 23(9) of the SEBI LODR Regulations, enclosed herewith is the yearly disclosure on Related Party Transactions, prepared in accordance with the applicable accounting standards, for the year ended 31[st] March, 2020.

This is for your information and record.

For GEE Limited

PAYAL Digitally signed by PAYAL AGARW AGARWAL Date: 2020.08.27 AL 21:26:49 +05'30'

Payal Agarwal DIN: 07198236 Whole Time Director & CFO

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Related Party disclosures (Ind AS-24):

A. Relationship & Name of related party

**Sr. No. **	**Relation **	Related Party
1	Key Management Personnel (KMP) & Director	Mr. S. M. Agarwal - Executive Director
		Mr. Shankarlal Agarwal- ManagingDirector
		Mrs. Payal Agarwal –Director Finance & CFO
		Mr. Anil Kumar Agarwal(Independent Director)
		Mr. K. M. Panthaki(Independent Director)
		Mr. Amit Agarwal(Independent Director)
		Mr. PradipBhaumick(Independent Director)*
		Mr. SadikJafar Thange(CompanySecretary)
2	Relatives of Key Management Personnel	Mr. Anand Agarwal
		Mr. Anant Agarwal
		Mr. OmPrakash Agarwal – Chief MarketingOfficer
		Mr. Umesh Agarwal – Chief OperatingOfficer
3	Entities over which KMP has Significant Influence	Anant Business Pvt. Ltd
		R Shankarlal Sales Pvt. Ltd
		Vidya Finvest Ltd

Note* The following changes took place in the List of Directors of the company:

Sr. No	Name of the Director	Designation	Nature of Change	Date of Change
1.	Mr. Pradip Bhaumick	Independent Director	Resignation	05thNovember 2019

B. Particulars of related party transactions during the year ended 31[st] March, 2020:

Nature of Transactions	Amount(in Rs.)	Amount(in Rs.)
	2019-20	2018-19
1)Remuneration to Key Managerial Personnel	1,51,13,982	1,17,55,829
2) Remuneration to Relatives of Key Managerial Personnel	83,49,785	48,48,498
3)Professional Fees/Commissionpaid to Relative of KMP	28,10,393	29,00,000
4)Setting Fees to Independent and Non-Executive Directors	2,30,000	3,60,000
5) Rent paid to Relative of KMP and KMP	-	27,93,684
6) Rent Received from Entities over which KMP has Significant Influence	4,50,000	-
7) Purchases from the Entities over which KMP has Significant Influence	13,59,378	1,01,730
8) Sales to the Entities over which KMP has Significant Influence	35,45,39,818	28,29,74,566
9) Sale of Asset to KMP	-	1,25,000
10) Sale of Asset to relative of KMP	-	30,000

11) Loan taken from the Entities over which KMP has Significant Influence	-	-
12)Interest on Loan	3,80,000	11,40,000
13) Repayment of Loan to the Entities over which KMP has Significant Influence	95,00,000	-

C. Amount Outstanding at the year ended 31[st] March 2020:

Relationship / Name of the Related Party	Nature	31st March 2020	31st March 2019	31st March 2018
Entities over which KMP has Significant Influence
Trade Receivable		14,27,24,443	85,284,608	6,61,30,853
Trade Payable		-	-	-
Loan Payable		-	10,526,000	95,00,000

PAYAL Digitally signed by PAYAL AGARW AGARWAL Date: 2020.08.27 AL 21:00:25 +05'30' Payal Agarwal DIN: 07198236 Whole Time Director & CFO