IFCI Ltd. — Regulatory Filings 2021

Jul 23, 2021

No. IFCI/CS/2021-390

July 23, 2021

BSE Limited Department of Corporate Services Phiroze JeeJeebhoy Tower Daial Street, Fort Mumbai - 400001

CODE: 500106

Dear Sir / Madam,

Re: Statement of Related Party Transaction under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to the provisions of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the statement of related party transactions for the financial year ended March 31, 2021 is enclosed herewith as Annexure.

This is for your information and record.

Yours faithfully For IFCI Limited

(Rupa Deb) Company Secretary

आई एफ सी आई लिमिटेड पंजीकृत कार्यालयः

आईएफसीआई टावर, 61 नेहरू प्लेस, नई दिल्ली - 110 019 दूरभाषः +91-11-4173 2000, 4179 2800 फैक्सः +91-11-2623 0201, 2648 8471 वेबसाइटः www.ifciltd.com सीआईएनः L74899DL1993GOI053677

1948 से राष्ट्र के विकास में

IFCI Limited Regd. Office:

IFCI Tower, 61 Nehru Place, New Delhi - 110 019 Phone: +91-4173 2000, 4179 2800 Fax: +91-11-2623 0201, 2648 8471 Website: www.ifciltd.com CIN: L74899DL1993GOI053677

In Development of the Nation since 1948

IFC1 LTD.

Notes to financial statements for the Year ended 31 March 1021 (All amounts are in Rupees mores unless othenvise stated)

47	Related party disclosure
I.	Name tithe related party and nature of relationship:-
A.	Nature of Relationship	Name of the Related Party
	Subsidiaries	IFCI Financial Services Ltd. (WIN)WC! Venture Capital Funds Ltd. lIVCF)
		IFC1 Infrastructure Development Ltd. (IIDL)
		IFCI Factors Ltd. (IFL)
		MPCON Ltd.
		Stock Holding Corpomt ion of India Ltd.
		WIN Commodities Ltd. (indirect control through WIN)
		WIN Credit Ltd. (indirect eosin:11 through IEIN)
		IF FN Securities Finance Limited (indirect control through [FM
		IIDL Realtors Pvt. Ltd. (indirect control through ITDL)
		SHC1L Services Ltd. (indirect control through SliC1L)
		Stockholding Document Management Services Limited (indirect control through SHC1L
		Stock Holding Securities IFSC Limited (SS1L)
	Associates	IFCI Social Foundation
		Management Development Institute
		Institute of leadership development
		Associates held for sale
		• Athena Chattiagarh POWET Pvt. Ltd.
		Gati Infrastructure Bhasiney Powea Pvt. Ltd.
		- K1TCO Ltd.
		- Nagai Power Pvt. Ltd.
		• Shin Enemy Private Ltd.
		- Vadrai Cements Ltd.
		Vadrai Energy (Gujarat) Ltd.
	meeting the Ind AS requirements.	• The accounts of Associates have not been consolidated in she Consolidated Financial Statemems for the year ending March 31,2021. However, the names of the Associates have been disclosed at the related party for
	Joint venture	ITCI. Sycamore Capital Advisors Pvt. Ltd. (under voluntary liquidation)
	Trust Incorporated for CSR activity	WCI Social Foundation
	Key Managerial Personnel	Sir Manoi Mmal - Managing Director & Chief Executive Officer (w,e.f 12 lune 20211
		Dr. ES Rao - M.aging Director and Chief Executive Officer ( unto 16 Aug 2020)
		Shri. Sunil Kumar Banged Deputy Managing Director (w.e.f 4 lune 2020)
		Ma.1hummi Manni - Chief Financial Officer (w.e.f. 24 May 2018/
		Ms. Rupa Deb - Company Secretary) w.e.f 3 March 2008)
		Dr. Bluishan Kumar Slobs (m.e.f. 21 May 20181
		Prof. NBalakrisbnan (w.e.f. 30 October 2017)
		Prof. Arvind Sahav (w.e.f. 30 October 20171Shri. Anand Madhukar bolo 14 December 2020)
		Shri MML Venue (w.e.f. 31 July 2020)
		Ms. Anindita Sinharay (w.e.f. 5 January 2021)

Entities under the control of same government

The Company is a Central Public Sector Undertaking (CPSU) controlled directly or indirectly by Central Government. Pursuant In paragraph 25 and 26 Of lad AS 24, entities over which the same government has control or joint control of, or significant influence, then the reporting entity and other entities shall be regarded as related parties. The Company has applied the exemption available for government related entities and have made limited disclosures in the standalone financial statements.

II. Related party transactions during the year and balance receivable from and payable to related parties as at the balance sheet dare':-

	Name of related party		Nature of transaction	For the year ended31 March 1021	For the year ended31 March 2020
A.	Subsidiaries and Associates
	WC! Financial Services Ltd.		(i) Rent & Maintenance received	1.07	1.08
			(ii) Brokerage/ Professional fee paid	0.29	0.34
			(iii) Depository Services	0.02	0.05
			(iv) Salaries/ Other lisp. Exp. paid by IEC1 for employees posted byIFG1, recovered recoverable from them	0.10	0.01
			(v) Salary paid/ payable for employees of IF1N, posted on deputationin WC1	0.05
	[Fa Venture Capital Fund Ltd		(i) Rent & Maintenance received	1.65	1.64
			(ii) Professional fee received	0.20	0.06
			Hid Interest paid/payable by IFC1	1.91	035
			(iv) Salaries( Other Edit. Exp. paid by IFC1 for employees posted byWare:covered/ neooverable from them	0.11
	IFCI Infrastructure Development Ltd.		(i) Dividend Received	14.95	13.24
			(ii) Rent & Maintenance received	1.50	1.50
			(ill) Rem & Maintenance paid	0,12	0.21
			(iv) Interest paid/ payable is3 IFCI	2.53	1353
			(v) Salaries/ Other Estt. Exp. paid by IFCI for employees posted byWC!, recovered/ recoverable from them	9.63	0 .31
		(vi)	Salary paid/ payable for employees of liDL, posted on deputationin IFC1	0.03

IFCI LTD.

Notes to financial statements for the vcar ended 3I March 2021 (All amounts are in Rums, crores unkss otherwise stated)

	IFC1 Factors Ltd.	(it Rent 8: Maintenance received	2.86	294
		(ii) Professional fee received	0.06	1,1)6
		(iii) Salaries, Other Estt. Exp. paid by IFCI for employees posted by	0.43	0.50
		IFC1, recovered,' recoverable from them
	Stock Holding Corporation of India Ltd.	(i) Rent & Maintenance received by IFCI	2.27
		(ii) Interest peid, payable by IFC1	2 10	2.42
		(iii) Dividend Received	7.41	3.833.90
		(iv) Brokerage) Professional fee paid	005	007
		(v) Sitting Fees Received	0.10
	MPCON	(i) Dividend Received	0.08	0.08
		(ii) Brokerage/ Professional fee paid	0.03	0.01
		Iiii) Rent received	0.01
		(iv) Salaries/ Other Eon. Exp, paid by IFCI for employees posted by	0.44	0.46
		IFCL recovered/ recoverable from them
	Stockholding Document Klanagement Services Ltd	(1) Professional fee Paid /Payable	0.47	1.09
		00 Advisory & Appraisal Fee received		0.05
	KfTCO
	IFC1 Social Foundation Trust	(I) Contrtbution for CSR activities	0.15	0.05
		(fi) Salaries/ Other Esu. Exp, recovered , recoverable for employees
		deputed by IFC1
B.	Entitles under the control of same government
	CEGSSC, GOI	Agency Commission - Credit Guarantee Fund For SC./ST	0.17	0.13
	Ministry Of Electronics & Information Technology, (101	Commission - M Sips	3.67	3.53
	Ministry Of Electronics & Information Technology. GO)	Scheme Management Fees -PLI	5.00
	Ministry Of Electronics & information Technology, GOI	Agency Fees SPECS	3.15
	Ministry of Chemkal & Fertilizer - Department of Pharmaceuticals. 001	Scheme Management Fee-PL)-Bulk Drugs	1.50
	Ministry of Chemical & Fenilizer - Department of Pharmaceuticals, CrOl	Scheme Management Fee-PLI-Medical Devices	2.50
	Ministry of Chemical & Fenilizer - Department of Phannaceuticals. GOI	Scheme Management Fee-PLI-Bulk Drugs Parks	1.43
	Ministry of Chemical & Fertilizer - Department of Pharmaceuticals. O01	Scheme Managemmt Fee.PLI-Medical Devices Parks	0.95
	Ministry of Food Processing Industries. GOI	Monitoring Agency Fees	0.50
	SDF, Ministry Of Consumer Affairs, Food & Public Distribution,GOI	Agency Commission - Sugar Development Fund	9.90	9.90
	Steel Authority of India Ltd.	Advisory & Appraisal Fee received	0.04	0.05
	Central Government	Interest Income on G Sec	47,11	46.62
	State Bank Of India	Rental Income	0.02	0.02
	Registrar Of Companks	Rental Income	2.60	2.58
	ONGC Tripura Power Company Ltd.	Rental Income	2.61	2.60
	Power System Operanon Corporation Ltd.	Rental Income	7.13	7.65
	SBI Life Insurance	Rental Income	0.15
	United India Insurance	Rental Income	0.25	0,22
	Canara Bank	Rental laconic	036	0.36
C.	Compensation of key managerial personnel

Short-tents employee benefits	1.57	-131 -
Post-employment defined benefit
Compensated absences	0.10
Share-based payments
Terminatton benefits	003.
Sitting foes		0.13

Outstanding balances of related parry	As at 31 March 2011	As at 31 March 2020
WCI Venture Capital Fund Ltd.
- Bonds issued 1?)4 IFQ1	15.011	15.00
-Loans given by 11C1
'Fa Infrastmaure Development Ltd.
-Bonds issued by IFCI	90.00	90.00
- Bonds/debenture subscribed by IFCI		-
DDL Realtors Pvt. Ltd.i
lEgl Factors Ltd.
- Bouds/deberunre subscribed lry Fa
Stock Holding Comoration of India Ltd.
- Bonds issued by lEdt	2500	25.00
SHCIL Services Ltd
Stuislinkling DOC:Y[0CM Management Services L
Atpck_HAI i d_rtg$ecutities IFCI Limited
IFCI Financial Services Ltd. (IFN)
IFIN Securities Financtijd
- receivable outstanding
WIN Commodities Ltd.
"FIN Credit Ltd.	-
MPCON Ltd.I	,

Terms and conditions

All transactions with these related parties are priced on an nen 's length basis.

ITC] Limited Notes to consolidated financial statements for the year ended 31 March 2021 All amountn arc in Rupees croon unless otherwise mated)

WM/ Related perttc diseloime

i. Name office related party and nature of relationship,

A. Nntnreof Relationdip Name of the Related Party

Associenee	IFC1 Social Foundation
	Management Development Institute
	Inshmie ofleaderahm development
	Assoet a tes held for sale
	- Athena Chattisgerh Panay Pt. Ltd.
	- Gall Infrastructure Bhasmey Power Pvt. Ltd.
	- KITCO LW_
	- Nagai Power Pvt. Lad.
	- anal Energy Private Led
	- Vadsai Canons Ltd.
	Vadrai Energy (Gujarat) Lid

• The accounts of Associates have not been consolidated in the Consolidated Financial Statements for the year ending March 31, 2021. Deemer. the n amm of Me Associates have bent disclosed in the related party for meeting the lied AS requirmnents.

Joint venture	IFCI Sycamore Capital Advisors Pvt. Ltd. (under voluntary liquidation)
Re) Managerial Personuel•	Shri Ivlanoi Menai- Mena ain la Director and Chief Executive Officer We! 12 lime 29214
	Dr, E S Pao - Managing. Director and Chief Exparlive Officer mho 17 Aue 20201
	Shri. Simi! Kumar Ran.; Deputy Mena eine Director (we.! 4 June 20201
	Ms. Jhurrani Man rri - ChiefFinancial OM./ 4,er. 24 May2018)
	Ms. Rum Deb- Conmany Secrete,I w.e.I3 March 20081
	Dr. Bhushan Kumar Sinha (w.e.f. 21 May 20184
	Prof. N Balahrishinan Wet 30 October 20171
	Prot Arvind Sanay Isr.e.f. 30 October 2017)
	Shri, Anand Madhukar Note 15 December 20201
	Simi MML Varna P.v.e.f. 31 July 2020)
	Ms. Aninclia Sinharev fw.e f. 5 January 20214
Entities tinder the control of same government	The Group is a Central Public Sector Undertaking (CPS1.1) controlled directly or indirectly by Central (tovernment. Pinsuant to
	paragraph 25 and 26 of Ind AS 24, entities over which the same government has control or joint control of, or significant influence,
	then the reporting entity and other entities shall be regarded as related parties. The Group has applied the exemption available forgovernment rebind entities and have made limited disclosures in the standalone financial statements.

It. Related earl! [rads actions duriae elle year ao6 halanee receivable from nod payable In relaterr parties an al Mr balance aheet date;-

	Name of related party	Nature of transactioa	For the year ended31 March 2021	For the year ended31 March 2120
	A. Associates
	KITCO	Ii) Dividend Received
	wo Social Foundation Trust	(i) Contribution for CSRactivitim(0) Salaries, Other Pelt. Exp. recovered ,recoverable for employees deputed by IFCi	0.15	0.05
	B. Entities under Me control of same government
	CEGSSC, 001	Agency Commisaion -Credit GuaranteeFund For SOST	0.17	0.13
	Ministry Of Electronics & Information Teelinolegy. GOI Conunission -M Sips		167	153.
	Ministry Of Electronics & Information Technology, GOI Scheme Management Foes -PL1		500
	Ministry Of Electron. & Information Technology, 001 AseneyFees SPECS		3.15
	Ministry of Chemical & Fertilizer - Department of Pharm Sdienre Management Fee-PLI.Bullt Drone		1.50
	Ministry of Chemical &Fertilizer - Department of Phone Sdierne Management Fee-PIA-Medical		2.50
	Ministry of Chemical &Fertilizer - Department ef Pharm Scheme Management Feo-PLI-Bulk Drugs	Devices	1.43
		Parks
	Ministry of Cherniml -St Fertilizer - Department of Pharrn Scheme Management Fee-PLI-Modinel	Duct cm Parks	0-90
	Ministry of Food Processino Industries, 1701	Monitoring Agency Fees	0.50
	SDP. Ministry 0 f Consumer Affairs. Food &	Agency Commission - Sugar Development	9.90	4.911
	Public Distribution, 001	Fund
	Steel Authority °Circle Lad	Ativisorv & APPralSal Fee received	9.94	6.55
	Central Government	Interest Income on G Sec	47.11	46.62
	Slate Bank Of India	Rental Income	0.02	0.52
	Registrar Of Companies	Rowel Income	2.60	250
	ONGC Tripura Power Company lad.	Rental Income	2 61	2.60
	Power System Operation Corooration Ltd	Rental Income	7.13	7.65
	Sal Life Insurance	Rental Income	9.15
	United India. Insurance	Rental Income	0.25	0.22
	Calera Bank	Rental Income	0.16	(136
	C. Compensation of key managerial personnel
	Shert.term employee benefits		3.19	260
	Post-employment defined benefit		0.28	0.27
	Compensated absences		9.31	0.20
	Sitting fern		0.98	5_I1

Termination Benefit 0.03

Temps and conditions

All transact/one with these relaled parties are prioed an an arrn's length basis