HEG Ltd. — Regulatory Filings 2021

Jun 24, 2021

HEG/SECTI / 2021 24th June, 2021

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

Sub: Disclosure of Related Party Transactions for the half year ended, 31st March, 2021

Dear Sirs,

Pursuant to Regulation 23(9) of SEBI (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, 31st March, 2021.

The copy of same is also being published on the website of the Company i.e. www.hegltd.com under Investor Section.

Please take note of same.

Thanking you,

Yours faithfully, For HEG Limited

Vivek Chaudhary Company Secretary A-13263 heg.investor@lnjbhilwara.com

Encl: as above

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 LIMITED

HEG LIMITED
Related Party Disclosures as per the requirement of SEBI (LODR) Regulation 2015 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 MARCH 31, 2021
S. No.	Relationship	Name of Related Party
		(i) Bhilwara Energy Limited
A)	Associates	(ii) Bhilwara Infotechnology Ltd
		Shri L.N. Jhunjhunwala
		Smt Mani Devi Jhunjhunwala
	Individuals owning directly or indirectly, an	Shri Ravi Jhunjhunwala
	interest in the voting power of the reporting	Shri Riju Jhunjhunwala
B)	enterprise that gives them control or significant	Shri Rishabh Jhunjhunwala
	influence over the enterprise, and relatives of any	Smt Rita Jhunjhunwala
	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
		Shri Satish Chand Mehta- Non Executive- Independent Director
		Dr. Kamal Gupta- Non Executive- Independent Director
C)	Key Management Personnel	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 Financial Officer
		Shri Vivek Chaudhary-Company Secretary
		Shri L.N. Jhunjhunwala
		Smt Mani Devi Jhunjhunwala
D)	Relatives of Key Management Personnel	Shri Rishabh Jhunjhunwala
		Smt Rita Jhunjhunwala
		(a) Hindustan Electro Graphites Staff Gratuity Fund Trust
E)	Trust Under Common Control	(b) Hindustan Electro Graphite's Ltd Senior Executive
		Superannuation Fund Trust
F)	Enterprises over which any person described in	RSWM Ltd
	(C) or (D) is able to exercise significant influence.	Malana Power Company Ltd
		Giltedged Industrial Securities Ltd
		Purvi Vanijya Niyojan Ltd
		Shashi Commercial Co Ltd
		BSL Ltd
		AD Hydro Power Ltd
		Maral Overseas Ltd
		BMD Pvt Ltd
		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
		Bhilwara Technical Textiles Limited
		Indo Canadian Consultancy Service Limited
		BG Wind Power Limited
		NJC Hydro Power Limited

Chango Yangthang Hydro Power Limited
Sabhyata Foundation (Section 8 Company)
LNJ Bhilwara - HEG Lok Nyas (Trust)
Graphite Education & Welfare Society
Ravi Jhunjhunwala- HUF (Refer Note No.1)
Deepak Pens And Plastics Private Limited (Refer Note No.2)
Sandhu Auto Deposits Limited (Refer Note No.2)

Note 1: The Shares of Ravi Jhunjhunwala (HUF), member of Promoter Group of HEG Limited 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 (India) Private Limited pursuant to Scheme of amalgamation duly approved by NCLT, Kolkata and shares held by M/ s Deepak Pens And Plastics Private Limited and M/ s Sandhu Auto Deposits Limited have been transferred to M/ s Jet (India) Private Limited on Friday, 25th 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 Members of Promoter Group of HEG Limited.

HEGLIMITED
		Related Party Transactions Disclosure for the half year ended MARCH 31,2021
		In accordance with IND AS‐24, the disclosure required is given below:
			Amount Rs. (in lakhs)
	Sl.No. Related Party	Nature of Transaction	During the Half year ended31.03.2021 (01.10.2020 to31.03.2021)
1	RSWM Ltd	Rent Paid	21.76
2	BSL Ltd.	Rent Received	6.10
3	Shashi Commercial Co. Ltd.	Rent Paid	14.67
4	Purvi Vanijaya Niyojan Ltd.	Rent Paid	1.75
5	Purvi Vanijaya Niyojan Ltd.	Reimbursement of expenses	0.17
6	Giltedged Industrial Securities Ltd.	Rent Paid	13.87
7	RSWM Ltd.	Reimbursement of expenses (incurred by RSWM Ltd.)	31.41
8	RSWM Ltd.	Reimbursement of expenses (incurred by HEG Ltd.)	12.20
9	Bhilwara Energy Ltd.	Reimbursement of expenses (incurred by HEG Ltd)	1.18
10	Bhilwara Energy Ltd.	Reimbursement of expenses (incurred by BhilwaraEnergy Ltd.)	0.45
11	BSL Ltd.	Purchase of Fabrics/Business Promotion Expenses	0.92
12	BSL Ltd.	Reimbursement of expenses (incurred by HEG Ltd.)	0.75
13	Malana Power Co. Ltd	Reimbursement of expenses (incurred by HEG Ltd.)	4.59
14	Maral Overseas Ltd	Reimbursement of expenses (incurred by HEG Ltd.)	12.31
15	BMD Pvt. Ltd	Reimbursement of expenses (incurred by HEG Ltd.)	3.69
16	AD Hydro Power Ltd	Reimbursement of expenses (incurred by HEG Ltd.)	8.65
17	Giltedged Industrial Securities Ltd.	Reimbursement of expenses(incurred by HEG)	0.24
18	Indo Canadian Consultancy Services Ltd.	Reimbursement of expenses(incurred by HEG)	3.34
19	BG Wind Power Limited	Reimbursement of expenses(incurred by HEG)	0.33
20	NJC Hydro Power Limited	Reimbursement of expenses(incurred by HEG)	0.33
21	Chango Yangthang Hydro Power Ltd.	Reimbursement of expenses(incurred by HEG)	0.14
22	Bhilwara Technical Textiles Ltd.	Reimbursement of expenses(incurred by HEG)	0.24
23	Raghav Commercial Limited	Reimbursement of expenses(incurred by HEG)	0.33
24	Bharat Investments Growth Ltd.	Reimbursement of expenses(incurred by HEG)	0.14
25	Nivedan Vanija Niyojan Ltd.	Reimbursement of expenses(incurred by HEG)	0.14
26	LNJ Financial Services Ltd.	Reimbursement of expenses(incurred by HEG)	0.14
27	Shashi Commercial Co. Ltd.	Reimbursement of expenses(incurred by HEG)	0.14
28	Purvi Vanijya Niyojan Ltd.	Reimbursement of expenses(incurred by HEG)	0.09
29	Bhilwara Infotechnology Ltd.	Maintenance Charges (incurred by BhilwaraInfotechnology Ltd.)	0.85
30	Independent/Non Executive Directors	Directors Sitting Fees	26.65
31	Independent/Non Executive Directors	Reimbursement of expenses & Incidental Expenses	1.53
32	Shri Ravi Jhunjhunwala	CMD Remuneration	86.63
33	Smt Rita Jhunjhunwala	Rent Paid	7.08
34	Shri Manish Gulati	KMP Remuneration	48.93
35	Shri Gulshan Kumar Sakhuja	KMP Remuneration	20.78
36	Shri Vivek Chaudhary	KMP Remuneration	13.20
37	Shri Gulshan Kumar Sakhuja	Housing Loan Repayment ‐ Principal*	1.34
38	Shri Gulshan Kumar Sakhuja	Housing Loan Repayment ‐ Interest*	0.11
39	Hindustan Electro Graphites Senior Executive	Contibution to Trusts ( Super Annuation)	(8.08)
40	Superannuation Fund TrustSabhyata Foundation	Donation under Corporate Social Responsibility (CSR)#	500.00
41	LNJ Bhilwara‐ HEG Lok Nyas	Donation under Corporate Social Responsibility (CSR)#	133.00
42	Graphite Education & Welfare Society	Donation under Corporate Social Responsibility (CSR)#	1,526.42
	# The transactions with these related parties are under CSR for the Financial Year ended March 31, 2021.	*The repayment of Principal and interest was against Housing Loan taken during Quarter Q3 FY 2020.