Hind Rectifiers Ltd. — Interim / Quarterly Report 2019

Jun 14, 2019

HIND RECTIFIERS LIMITED

REGD. & H.O. LAKE ROAD, BHANDUP (W), MUMBAI - 400 078. 0 TEL.: +91 22 2569 6789 ⁰ FAX: +91 22 2596 4114 0 www.hirect.com ⁰ corporate@hirect.com/marketing@hirect.com ⁰ CIN: L28900MH1958PLCO11077

Ref. No. HIRECT/ SEC/ 2019-20/

25 14th June, 2019

Corporate Relations Department Corporate Listing Department lst Floor, New Trading Ring Ltd. Phiroz Jeejeebhoy Towers, Bandra Kurla Complex Dalal Street, Mumbai ^{400 001} Bandra (East) Mumbai ^{400 051}

BSE Ltd. The National Stock Exchange of India Rotunda Building, "Exchange Plaza" 5th Floor, C—1, Block 'G'

Security Code No. ⁵⁰⁴⁰³⁶/ HIRECT Type of Security: Equity

Sub: Disclosure of Related Party Transactions -March ²⁰¹⁹

Dear Sir/ Madam,

In compliance with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018, we hereby submit the Related Party Transactions, in accordance with the applicable accounting standards, for the half year ended March 31, 2019.

This is for your information and record.

Thanking you,

Yours faithfully, 4-{:j .. For Hind Rectifie WESLirj'litedL [ ,Lap/9% 1' Meenakshi Anchlia (Compliance Officer)

RELATED PARTY DISCLOSURES AS PER IND AS 24

S.No.	Name of Related Party	Mon—ship	Percentage of _ Shareholding
1	Mr. S. K. Nevatia (Promoter)	Key Management Personnel (CMD)	0.96
		Relative of Key
2	Mrs. Akshada Nevatia (Promoter Group)	Management Personnel	0.04
3	Mr. Suramya Nevatia (Promoter)	Key Management Personnel (CEO)	12.17
		Relative of Key Management
4	Mr. Saurabh Nevatia (Promoter group)	Personnel	20.83
	Mr. Pawan Kumar Golyan (Relative of Promoter	Relative of Key Management
5	and Promoter Group)	Personnel	Nil
6	Mr. Anil Kumar Nemani	Key Management Personnel (CFO)	Nil
7	Ms. Meenakshi Anchlia	Key Management Personnel (CS)	Nil
8	Force Motion Technology LLP	Enterprises of Relative of KMP	Nil

1. List of related parties

Note:

1. Mr. S.K. Nevatia, Mrs. Akshada Nevatia, Mr. Suramya Nevatia & Mr. Saurabh Nevatia are related to each other. Mr.Pawan Golyan is relative of Mr. S.K. Nevatia.

2. The Promoter & Promoter group holds 75% stake in Force Motion Technology LLP

the Six Months ended 3lst Mar 2019 ll. Transactions during			(Rs. in lacs)
		KMP of
S.No.	Nature of transaction	Company	Relative of KMP	Total
1	Loan Received	-	-	-
2	Loan Repaid	-	-	-
3	Income
	Sale	—	0.30	0.30
4	Expenditure
i.	Remuneration	105.16	43.54	148.70
ii.	Directors Sitting Fees	-	-	-
iii.	Rent	1.80	2.40	4.20
iv.	Purchase	-	147.87	147.87

HIND RECTIFIERS LTD

	Ill. Balances Receivable / Payable with Related Parties
		KMP of		(Rs. in lacs)
S.No.	Nature Of transaction	Company	Relative of KMP	Total
	Trade Payables
	Force Motion Technology LLP		74.44	74.44
	Other Current Financial Liabilities
	Salary and Other Accrued Expenses
	Salary Payable to Mr. S K Nevatia
	Salary Payable to Mrs. Akshada Nevatia
	Salary Payable to Mr. Suramya Nevatia
	Salary Payable to Mr. Saurabh Nevatia
	Salary Payable to Mr. Anil Nemani
	Salary Payable to Ms. Meenakshi Anchlia
	Other Current Financial Liabilities
	Others '
	Rent Payable to Mr. Suramya Nevatia	0.27		0.27
	Rental Security Degosits
	Deposit Given to Mr. Suramya Nevatia	1.50		1.50

		(Rs. In lacs)
		SIX Months ended
S.No.	Particulars	31 March 2019
1	Loan Received
	Nil	-
2	Loan Repaid Z Deposits Given
	Nil	-
3	Income
	Sale
	Force Motion Technology LLP	0.30
4	Expenditure
i.	Remuneration
	Mr. S K Nevatia	72.54
	Mrs. Akshada Nevatia	14.57
	Mr. Suramya Nevatia tl	14.32
	Mr. Saurabh Nevatia	28.97
	Mr. Anil Kumar Nemani	14.10
	Ms. Meenakshi Anchlia	4.20
ii.	Directors Sitting Fees
	Nil	-
iii.	Rent
	Mr. Saurabh Nevatia	2.40
	Mr. Suramya Nevatia	1.80
iv.	Purchase
	Force Motion Technology LLP	147.87

IV. Disclosure in respect of material transactions with related parties during Six Months ended 3lst Mar 2019 (included in ll above)

ll Mr. Suramya Nevatia was appointed as the KMP of the Company w.e.f. lstlune, 2019.