HEG Ltd. — Interim / Quarterly Report 2021

Dec 2, 2020

HEG /SECTI / 2020

2nd December, 2020

1	BSE Limited	2	National Stock Exchange of India Limited
	P J Towers		Exchange Plaza, 5th Floor
	Dalal Street		Plot No.Cf 1, G Block, Bandra -Kurla Complex
	MUMBAI-400 001.		Bandra (E),
	Scrip Code : 509631		MUMBAI -400 051.
			Scrip Code : HEG

Sub: Submission of Related Party Transactions for the half year ended 30th September, 2020.

Dear Sir/ Madam,

Pursuant to the Regulation 23 (9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the statement showing disclosure of Related Party Transactions on a consolidated basis, for the half year ended 30th September, 2020.

The copy of the same is also being uploaded on the website of the Company i.e. www.hegltd.com.

This is for your information and record please.

Thanking you,

Yours faithfully, For HEG Limited

I\

haudhary any Secretary A-13263 heg.investor@lnjbhilwara.com

Encl: As above

HEG LIMITED

Corporate Office : Bhilwara Towers, A-12, Sector-1 Noida - 201 301 (NCR-Delhi), India Tel.: +91-120-4390300 (EPABX) Fax: +91-120-4277841 Website: www.lnjbhilwara.com Website: www.hegltd.com

Regd. Office : Mandideep (Near Bhopal) Distt. Raisen - 462046 (Madhya Pradesh), India Tel.: +91-7480-405500, 233524 to 233527 Fax: +91-7480-233522

Corporate Identification No.: L23109MP1972PLC008290

		HEG LIMITEDRelated Party Disclosures as per the requirement of SEBI (LODR) Regulation 2019 on consolidated basis
		LIST OF RELATED PARTY AS PER IND AS 24 & REGULATION 23 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE
		REQUIREMENTS) REGULATIONS, 2015 - HALF YEAR ENDED SEPTEMBER 30, 2020
l~.No.	I <elahonslup< th="">Name ot l{elatect Party</elahonslup<>	Name ot l{elatect Party
		(i) Bhilwara Energy Limited
A)	Associates	(ii) Bhilwara Infotechnology Ltd
		Slu·i L.N. Jhunjhunwala
		Smt Mani Devi Jhunjhunwala
		Shri Ravi Jhunjhunwala
	Individuals owning directly or indirectly, aninterest in the voting power of the reporting	Shri Riju Jhunjhunwala
B)	enterprise that gives them control or significant	Slu·i Rishabh Jhunjhunwala
	influence over the enterprise, and relatives of	Smt Rita Jhunjhunwala
	any such individual.	Shri Nivedan Churiwal
		Smt Shubha Churiwal
		Smt Sudha Churiwal
		Shri Ravi Jhunjhunwala-CMD & CEO
		Shri Riju Jhunjhunwala- Vice Chairman (w.e.f. 17th June, 2020)
		Shri Shekhar Agarwal- Non- Executive Director
		Shri Manish Gulati, Executive Director (w.e.f. 1st March, 2020)
		Shri Satish Chand Mehta- Non Executive- Independent Director
C)	Key Management Personnel	Dr. Kamal Gupta- Non Executive- Independent Director
		Dr. Om Parkash Bahl- Non Executive- Independent Director
		Smt. Vinita Singhania- Non- Executive Director
		Smt. Ramni Nirula -Non Executive- Independent Director
		Shri Jayant Davar- Non Executive- Independent Director
		Shri Gulshan Kumar Sakhuja - Chief Financia l Officer
		Shri Vivek Chaudhary-Company Secretary
		Shri L.N. Jhunjhunwala
D)	Relatives of Key Management Personnel	Smt Mani Devi Jhunjhunwala
		Slu:i Rishabh Jhunjhunwala
		Smt Rita Jhunjhunwala
		(a) Hindustan Electro Graphites Staff Gratuity Fund
E)	Trust Under Common Control	(b) Hindustan Elech·o Graphites Ltd Senior Executive Superannuation
		Fund
F)	Enterprises over which any person described in	RSWMLtd
	(C) or (D) is able to exercise significant influence. Malana Power Company Ltd
		Giltedged Indush·ial Securities Ltd
		Purvi Vanijya Niyojan Ltd
		Shashi Commercial Co Ltd
		BSL Ltd
		AD Hydro Power Ltd
		Mara! Overseas Ltd
		BMDPvtLtd
		Bharat Investments Growth Limited
		India Texfab Marketing Limited
		Investors India Limited
		LNJ Financial Services Limited
		Nivedan Vanijya Niyojan Limited
		M.L. Finlease Pvt Limited
		Raghav Commercial Limited
		Norbury Inveshnents Limited
		Mekima Corporation
~~ ~		Microlight Investments Limited
		Ravi Jhunjhunwala- HUF (Refer Note No.l)
*J"'~,., ~'		Deepak Pens And Plastics Priva te Limited (Refer Note No.2)
Not I) ~		Sandhu Auto Deposits Limited (Refer Note No.2)
		Jet (India) Private Limited (Refer Note No.3)

Note 1: The Shares of Ravi Jhunjhunwala (HUF), membe r of Promoter Group of HEG Lim ited has been transferred on Friday, 25th September, 2020 to Shri Ravi Jhunjhunwala, Promoter of HEG Limited, pursuant to partition of Ravi Jhunjhunwala- HUF which resulted in dissolving of Ravi Jhunjhunwala (HUF).

Note 2: M/s Deepak Pens And Plastics Private Limited and M/s Sandhu Auto Deposits Limited, Members of Promoter Group of HEG Limited have been amalgamated with Jet (Indi a) Private Limited pursuant to Scheme of ama lgamation duly approved by NCLT, Ko lkata and shares held by M/ s Deepak Pens And Plastics Private Limited and M/ s Sandhu Auto Deposits Limited have been transfe rred to M/ s Jet (India) Private Limited on Friday, 251h September, 2020, pursuant to duly approved scheme and therefore, M/ s Deepak Pens And Plastics Private Limited and M/ s Sandhu Auto Deposits Limited have ceased to be Membe rs of Promoter Group of HEG Lim ited.

Note 3: M/ s Jet (India) Private Limited have become the member of Promoter Group of HEG Limited by virtue of aforementioned Scheme of Amalgamation and pursuant to Regul ation 2(1)(q) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 read with Regulation 2(1)(pp) of SEB l(lssue of Capital and Disclosure Requirements), Regulations, 2018.

HEG LIMITED
		Related Party Transactions Disclosure for the half year ended SEPTEMBER 30, 2020
In accordance with IND AS-24, the disclosure required is given below:
Amount Rs . (in lakhs)
	SI.No. Related Party	Nature of Transaction	During the Halfyear ended30.09.2020(01.04.2020 to30.09.2020)
1	RSWM Ltd	Rent Paid	21.76
2	BSL Ltd.	Rent Received	6.09
3	Shashi Commercial Co. Ltd.	Rent Paid	14.17
4	Purvi Vanijaya Niyojan Ltd.	Rent Pa id	1.75
5	Purvi Vanijaya Niyojan Ltd.	Reimbursement of expenses	0.17
6	Giltedged Industrial Securities Ltd.	Rent Paid	13.75
7	RSWM Ltd.	Reimbursement of expenses (incurred by RSWM Ltd.)	19.62
8	RSWM Ltd.	Reimbursement of expenses (incurred by HEG Ltd.)	4.25
9	Bhilwara Energy Ltd.	Reimbursement of expenses (incurred by BhilwaraEnergy Ltd. l	0.09
10	BSL Ltd.	Purchase of Fabrics/Business Promotion Expenses	0.26
11	Malana Power Co. Ltd	Reimbursement of expenses (incurred by HEG Ltd.)	0.50
12	Bhilwara lnfotechnology Ltd.	Maintenance Charges (incurred by Bhilwaralnfotechnolo,;,v Ltd.\	0.85
13	Independent/Non Executive Directors	Directors Sitting Fees	23.95
14	Independent/Non Executive Directors	Reimbursement of expenses & Incidental Expenses	1.32
15	Sh ri Ravi Jhunjhunwala	CMD Remuneration	60.71
16	Smt Rita Jhunjhunwala	Rent Paid	7.08
17	Shri Manish Gulati	KMP Remuneration	46.35
18	Shri Gu lshan Kumar Sakhuja	KMP Remuneration	19.22
19	Shri Vivek Chaudhary	KMP Remuneration	12.46
20	Shri Gulshan Kumar Sakhuja	Housing Loan Repayment - Principal*	1.33
21	Shri Gulshan Kumar Sakhuja	Housing Loan Repayment - Interest*	0.13
22	Hindustan Electro Graphites Senior ExecutiveSuoerannuation Fund Trust	Contibution to Trusts ( Super Annuation)	184.94
	Note: These transactions were on arms length basis and in ordinary course of business.	"'The repayment of Principal and interest was against Housing Loan taken d uring Quarter Q3 FY 2020.