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Hindustan Construction Co. Ltd. Interim / Quarterly Report 2021
61640_rns_2021-12-02_52d73aab-3a3f-4aa7-a080-933ae824077f.pdf
Interim / Quarterly Report
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December 2,2021
| BSE Limited | National Stock Exchange of lndia Ltd | ||
|---|---|---|---|
| The Corporate Relationship Dept, | Exchange Plaza, | ||
| 1st Floor, Phiroze Jeejeebhoy Towers, | Bandra-Kurla Complex, | ||
| Dalal Street, | Bandra (East), | ||
| Mumbai-400 001. | Mumbai-400 051. | ||
| Scrip Code : 5001 85 | Scrip Code : HCC | ||
Dear Sir,
Sub: Disclosure of Related Party Transactions for the half-year ended September 30,2021
Pursuant to Regulation 23(9) of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, please find enclosed herewith disclosure of related party transactions of the Company on consolidated basis, drawn in accordance with applicable accounting standards for the half-year ended September 30, 2021.
Request you to kindly take the above on your record.
Yours Faithfully, stan Construction Company Ltd.
Company Secretary
Encl: As above.
HINDUSTAN CONSRUCTION COMPANY LTD.
DISCLOSURE ON RELATED PARTY TRANSACTIONS AND BALANCES ON CONSOLIDATED BASIS FORTHE PERIOD ENDEDSEPTEMBER 30,2021 IN PURSUANCE WITH REGULATION 23 (9) OFSEBl (LODR) (AMENDMENTS) REGULATION 2018
A. Names of related parties and nature of relationship
| a) Joint venture HCC Concession Limited (upto 20 August 2021) Narmada Bridge Tollways Limited (upta 20 August 2021) Badarpur Faridabad Tollways Limited (upto 20August 2021) Baharampare-Farakka Highways Limited (upta 20 August 2021)' Farakka-Raiganj Highways Limited (upto 22 September 2020)' Raiganj-Dalkhola Highways Limited (upta 20 August 2021) Ecomotel Hotel Limited Spotless Laundry Services Limited Whistling Thrush Facilities Services Limited Apoilo Lavasa Health Corporation Limited Andromeda Hotels Limited Bona Sera Hotels Limited Starlit Resort Limited Werkarena Basel AG |
Country of incorporation lndia lndia lndia lndia lndia lndia lndia lndia lndia lndia lndia India lndia Switzerland |
|---|---|
| b) Associates Wara~gaon Lakeview Hotels Limited Knowledge Vistas Limited Evostate AG Evostate lmmobilien AG (Subsidiary of Evostate AG) MCR Managing Carp. Real Estate Projektentwicklungsges. Parking Kunstmuseum AG HighbarTechnocrat Limited |
lndia lndia Switzerland Switzerland Switzerland Switzerland lndia |
| C) Other related parties Gulabchand Foundation (formed under section 25 of the erstwhile Companies Act. 1956) Other related party Hincon Holdings Limited Hincon Finance Limited Shalaka Investment Private Limited Aarya Capital Management Private Limited HCC Employee's Provident Fund Stiftung der Steniner AG (Steiner pension foundation) |
Relationship Other related party Other related party Other related party Other related party Post-employment contribution plan Post-employment benefit plan |
| dl Key Management Personnel and relative of Key Management Personnel Mr. Ajlt Gulabchand Mr. Arjun Dhawan Mr. Sharad M. Kulkarni Mr. Anil C. Singhvi Mr. N. R. Acharyulu Mr. Santosh Janakiram lyer Mr. Mahendra Singh Mehta Mr. MukulSarkar Dr. Mita Dixit Mr. Arun Karambelkar Mr. U.V. Phani Kumar Mr. Shailesh Sawa Mr. Anil Chandani Mr. Rahul Rao Mr. Vithal P. Kulkarn~ |
Chairman and Managing Director Group Chief Executive Officer and WholeTime Director lndependent Director (upto 24 December 2020) lndependent Directar lndependent Director (w.e.f. 23 June 2021) lndependent Director lndependent Director Nominee Director lndependent Director Non-Executive Director Chief Executive Officer - E&C 1w.e.f 3 April 2020) Chief Financial Officer (upto 9 July 2020) Chief Financiai Officer (w.e.f. 9 November 2020 upto 15 January 2021) Chief Financial Officer (w.e.f. 12Augus 2021) Company Secretary |
*The aforementioned entities were Joint Ventures of the Group and effective 20 August 2021 have become subsidiaries of the Holding Company. Related party transactionsforthese have been reported upto 20 August 2021 being date ceasing joint ventures and these entiies have no outstanding balances as Group subrequenet to ceasing as joint ventures
B. TRANSACTIONS WITH RELATED PARTIES:
| Key Management Personnel | Rs in Crs | |
|---|---|---|
| For the period ended September 30,2021 | ||
| Remuneration | 9.64 | |
| Directors' Sitting Fees | 0.42 | |
| Balance as on September 30,2021 | ||
| Remuneration Payable | 28.40 |
| Nature of transactions during the year | For the period ended September 30, 2021 | Rs. in Crs | |
|---|---|---|---|
| Joint Venture | Associate | Other Related Party | |
| Income | |||
| Revenue From Operations | 122.80 | ||
| Interest expenses on Inter corporate deposit | 1.67 | ||
| Finance Income | 0.00 | a, | ۰ |
| Rendering of Services | $\overline{\phantom{a}}$ | 0.10 | |
| Other Income | $\overline{\phantom{0}}$ | ü, | 0.26 |
| Expenses | |||
| Reimbursement of expenses | $\overline{\phantom{a}}$ | 0.77 | |
| Professional Fees | ۰. | 4.26 | - |
| Other services received | w. | $\overline{\phantom{a}}$ | 0.24 |
| Others | |||
| Expenditure incurred for related party | 0.42 | $\blacksquare$ | |
| Inter corporate deposits Given | 3.97 | $\overline{\phantom{a}}$ | ۰ |
| OUTSTANDING BALANCES WITH RELATED PARTIES | Balances as on September 30, 2021 | Rs. in Crs. | ||
|---|---|---|---|---|
| Joint Venture | Associate | Other Related Party | ||
| Outstanding Receivables | ||||
| Trade Receivable | 27.53 | 0.25 | ||
| Other Receivables | $\tilde{\phantom{a}}$ | $\overline{\phantom{a}}$ | 0.17 | |
| Inter Corporate Deposits Given | 67.65 | $\overline{\phantom{a}}$ | ||
| Outstanding Payables | ||||
| Other Payables | $\sim$ | 1.87 | 0.16 |
For Hindustan Construction Company Limited
Ravi lain Sr. General Manager (Accounts)
For Hindustan Construction Company Limited
