AI assistant
KEI Industries Ltd. Regulatory Filings 2021
62468_rns_2021-06-23_55680794-b62a-44f0-a63f-cab16e299584.PDF
Regulatory Filings
Open in viewerOpens in your device viewer
Read. Office: D-90, Mina Industrial Area, Phase — 1 New Delhi — 110020. CIN: L74899DL1992PLC051527. Tel.: +91-11-26818840, 268 18642, 26815558, 26815559. Fax: +91-11-26811959, 26817225. Email: [email protected]: www.kei-ind.com
Date: 23.06.2021
KEI/BSE/2021-22 The General Manager Listing Operation, BSE Limited, P.J.Towers, Dalal Street, Mumbai —400 001
Sub: Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir / Madam,
In terms of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose disclosure of Related Party Transactions on a consolidated basis for the half year ended March 31, 2021 (i.e. 01stOctober, 2020 to 31stMarch, 2021).
Kindly note that the Company has approved & uploaded its standalone and consolidated financial results for the year ended 31stMarch, 2021 on 29thMay, 2021.
This is for your information and records.
Thanking You, Yours faithfully,
(KISHORE KUNAL) GM (Corporate) & Company Secretary
CC:
| The Calcutta Stock Exchange Ltd. | The National Stock Exchange of India Ltd., Listing Division, |
|---|---|
| The Senior Manager, Listing Division, | Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, |
| 7, Lyons Range, Kolkata-700001. | Bandra (E), |
| Mumbai — 400 051 |
Works-II : Bhiwadi : SP-920, RIICO Industrial Area, Phase-HI, Bhiwadi, Dist. Alwar-301019 (Rajasthan) Tel : 01493-220106, 221731 Fax : 01493-221732.
Works-III : Silvassa : 99/2/7, Madhuban Industrial Estate, Rakholi, Silvassa UT of D &N.H-396240. Telefav 0091-260-2644404, 2630944,2645896
Branch : Chennai : 27/F-1, first floor, Chakrapani Street, West Mambalam, Chennai-600 033 Tel : 044-24803363 Fax : 044-24803404. Offices : Mumbai : 101/102, Vastu Shilp, Vosiu Enclave, Andheri Pump Horse, Andheri(East), N1.16,11-400093. Tel: 0091-22-2823963/28375642, Fox: 28258277
: Kolkata: Arihanth Benchmark, 415Floor, 113.F, Matheshwartola Road, Kolkata-7000466 Telefax: 033-40620820/4062
| The Related party disclosures as per Ind AS-24" Related Party Disclosures" : | ||
|---|---|---|
| a) | Name of Related Parties : | |
| i) | Jointly Controlled Entity | |
| Joint Venture | ||
| Joint Venture of M/s KEI Industries Limited, New Delhi & Brugg Kabel AG | ||
| Switzerland ( Association of Persons) | ||
| Ownership Interest | ||
| Place of Business/Country of Incorporation | As at 31.03.2021 | |
| India | 100% share in Profit/Loss | |
| ii) | Associate | |
| KEI Cables SA (PTY) Limited | ||
| Ownership Interest | ||
| Place of Business/Country of Incorporation | As at 31.03.2021 | |
| South Africa | 49% | |
| iii) | Key Managerial Personnel (KMP): | Designation |
| Shri Anil Gupta | Chairman-cum-Managing Director | |
| Shri Rajeev Gupta | Executive Director Finance & CFO | |
| Shri Akshit Diviaj Gupta | Whole Time Director | |
| Shri Kishore Kunal | GM Corporate & Company Secretary | |
| Smt. Archana Gupta | Non-Executive Director | |
| Shri Kishan Gopal Somani | Independent Director | |
| Shri Pawan Bholusaria | Independent Director | |
| Shri Sadhu Ram Bansal | Independent Director | |
| Shri Vikram Bhartia | Independent Director | |
| Shri Vijay Bhushan | Independent Director | |
| Smt. Shalini Gupta | Independent Director | |
| Director in KEI Cable Australia PTY | ||
| Shri Manoj Kakkar | Limited, Subsidiary Company | |
| Director in KEI Cable Australia PTY | ||
| Shri Michael Wicks | Limited, Subsidiary Company | |
| iv) | Other related parties where KMP are interested and transactions have taken place | |
| Anil Gupta (HUF) | ||
| Projection Financial & Management Consultants Private Limited | ||
| Shubh Laxmi Motels & Inns Private Limited | ||
| Soubhagya Agency Private Limited | ||
| Dhan Versha Agency Private Limited | ||
| KEI Cables Private Limited | ||
| v) | Relatives of KMP with whom transaction have taken place: | |
| Smt. Vedika Gupta | ||
| Shri Sunil Gupta - _1 |
||
| Smt. Shweta Jha | ||
| vi) | Other related parties where relatives of KMP are interested and transactions | have taken place |
| Sunil Gupta (HUF) | ||
| Post employee benefit plan for the benefitted employees | ||
| vii) | KEI Industries Limited Employee Group Gratuity Fund | |
rUt ACI INDUSTRIES LIAM
RAJEEV G PTA EXECUTIVE DIRErTOP (FINANCE) & CFO
| Transactions with related parties are | ||
|---|---|---|
| T In Millions | ||
| (i) | Interest paid on Deposits/ Unsecured Loan | |
| Key Managerial Personnel | ||
| Shri Anil Gupta | 9.71 | |
| Shri Akshit Diviaj Gupta | 0.09 | |
| 9.80 | ||
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 1.51 | |
| 1.51 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken | ||
| place | ||
| Shri Sunil Gupta | 0.78 | |
| Smt. Shweta Jha | 0.08 | |
| 0.86 | ||
| Other related parties where relatives of KMP are interested Sunil Gupta (HUF) |
||
| 0.13 0.13 |
||
| (ii) | Interest Income on loan given | |
| Associate | ||
| KEI Cables SA (PTY) Limited | 0.02 | |
| 0.02 | ||
| (iii) | Lease Rental Paid | |
| Key Managerial Personnel | ||
| Smt. Archana Gupta | 0.48 | |
| Shri Akshit Diviaj Gupta | 0.02 | |
| 0.50 | ||
| Other related parties where KMP are interested Anil Gupta (HUF) |
||
| Projection Financial & Management Consultants Private Limited | 0.39 4.22 |
|
| Soubhagya Agency Private Limited | 4.00 | |
| Dhan Versha Agency Private Limited | 1.80 | |
| 10.41 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken | ||
| place | ||
| Shri Sunil Gupta | 9.00 | |
| 9.00 | ||
| (iv) | Managerial Remuneration | |
| Key Managerial Personnel | ||
| Shri Anil Gupta | 57.22 | |
| Shri Rajeev Gupta | 6.23 | |
| Shri Akshit Diviaj Gupta | 3.82 | |
| 67.27 | ||
| (v) | Employee Benefits Expenses Key Managerial Personnel |
|
| Shri Kishore Kunal | 2.20 | |
| 2.20 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken | ||
| place Smt Vedika Gupta |
1.46 | |
| 1.46 |
rut At! INDUSTRIES Llivai RAJEEV GUPTA EXECUTIVF nrory—rno (FINANCE) & CFO
| (vi) | Expense on Share Based Payments to Key Managerial Personnel | |
|---|---|---|
| Shri Rajeev Gupta | 11.46 | |
| Shri Kishore Kunal | 3.25 | |
| 14.71 | ||
| (vii) | Director Meeting Fees paid | |
| Key Managerial Personnel | ||
| Smt. Archana Gupta | 0.45 | |
| Shri Kishan Gopal Somani | 0.45 | |
| Shri Pawan Bholusaria | 0.76 | |
| Shri Sadhu Ram Bansal | 0.38 | |
| Shri Vikram Bhartia | 0.60 | |
| Shri Vijay Bhushan | 0.37 | |
| Smt. Shalini Gupta | 0.22 | |
| 3.23 | ||
| (viii) | Obligation for Gratuity Benefit | |
| Key Managerial Personnel | ||
| Shri Rajeev Gupta | 6.40 | |
| Shri Akshit Diviaj Gupta | 1.45 | |
| Shri Kishore Kunal | 1.11 | |
| 8.96 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken place |
||
| Smt Vedika Gupta | 0.08 | |
| 0.08 | ||
| (ix) | Obligation for Leave Encashment Benefit | |
| Key Managerial Personnel | ||
| Shri Rajeev Gupta | 1.53 | |
| Shri Akshit Diviaj Gupta | 0.81 | |
| Shri Kishore Kunal | 0.52 | |
| 2.86 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken place |
||
| Smt Vedika Gupta | 0.11 | |
| 0.11 | ||
| (x) | Contribution to post employee benefit plan | |
| Post employee benefit plan for the benefitted employees | ||
| KEI Industries Limited Employee Group Gratuity Fund | 38.90 | |
| 38.90 | ||
ror KEI INDUSTRIES Lim RAJEEV bUPTA EXECUTIVE DIPP1TOR (FINANCE) & CFO
| (xi) | Dividend Paid (Including Interim Dividend) Key Managerial Personnel |
|
|---|---|---|
| Shri Anil Gupta | 27.36 | |
| Shri Rajeev Gupta | 0.90 | |
| Shri Kishore Kunal | 0.21 | |
| Smt. Archana Gupta | 1.67 | |
| Shri Kishan Gopal Somani g 2000 /-) | 0.00 | |
| Shri Pawan Bholusaria | 0.01 | |
| Shri Vikram Bhartia | 0.02 | |
| 30.17 | ||
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 9.30 | |
| Projection Financial & Management Consultants Private Limited | 15.80 | |
| Shubh Laxmi Motels & Inns Private Limited | 6.96 | |
| Soubhagya Agency Private Limited | 6.25 | |
| Dhan Versha Agency Private Limited | 2.00 | |
| KEI Cables Private Limited | 3.15 | |
| 43.46 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken place |
||
| Shri Sunil Gupta (22600/- ) | 0.00 | |
| Other related parties where relatives of KMP are interested | ||
| Sunil Gupta (HUF) 01. 0 0 0/-) | 0.00 | |
| 0.00 | ||
| (xii) | Deposits/Unsecured Loan received during the period | |
| Key Managerial Personnel | ||
| Shri Anil Gupta | 37.00 | |
| 37.00 | ||
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 15.50 | |
| 15.50 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken | ||
| place | ||
| Shri Sunil Gupta Smt. Shweta Jha |
23.50 | |
| 3.50 27.00 |
||
| Other related parties where relatives of KMP are interested | ||
| Sunil Gupta (HUF) | 4.00 | |
| 4.00 | ||
| (xiii) | Deposits/Unsecured Loan received earlier repaid during the period Relatives of Key Managerial Personnel with whom transaction have taken |
|
| place | ||
| Smt. Shweta Jha | 3.S0 | |
| 3.50 | ||
| (xiv) | Loan/Advance given to related party received back | |
| Joint Venture Joint Venture of M/s KEI Industries Limited, New Delhi & Brugg Kabel AG |
||
| Switzerland ( Association of Persons) | 0.54 | |
| 0.54 |
| (xv) | Security Deposit Given | |
|---|---|---|
| Other related parties where KMP are interested | ||
| Soubhagya Agency Private Limited | 2.40 | |
| 2.40 | ||
| Key Managerial Personnel | ||
| Shri Akshit Diviaj Gupta | 0.05 | |
| 0.05 | ||
| ( x vi) | Outstanding of Security Deposit Given ( fair Value) | |
| Key Managerial Personnel | ||
| Shri Akshit Diviaj Gupta | 0.05 | |
| 0.05 | ||
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 0.15 | |
| Projection Financial & Management Consultants Private Limited | 4.72 | |
| Soubhagya Agency Private Limited | 1.22 | |
| 6.09 | ||
| (xvii) | Maximum Outstanding Balance of security during the period (At fair value) | |
| Key Managerial Personnel | ||
| Shri Akshit Diviaj Gupta | 0.05 | |
| 0.05 | ||
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 0.15 | |
| Projection Financial & Management Consultants Private Limited | 4.72 | |
| Soubhagya Agency Private Limited | 1.22 | |
| 6.09 | ||
| (xviii) | Maximum Outstanding Balance of security during the period(At Cost) | |
| Key Managerial Personnel Shri Akshit Diviaj Gupta |
||
| 0.05 | ||
| 0.05 | ||
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 0.15 | |
| Projection Financial & Management Consultants Private Limited | 4.77 | |
| Soubhagya Agency Private Limited | 2.40 | |
| 7.32 | ||
| (xix) | Investment by Loanee in Equity shares of Company | |
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 13.62 | |
| Projection Financial & Management Consultants Private Limited | 114.20 | |
| 127.82 | ||
| (xx) | Salary Payable | |
| Key Managerial Personnel | ||
| Shri Anil Gupta | 52.14 | |
| Shri Rajeev Gupta | 0.46 | |
| Shri Akshit Diviaj Gupta | 0.74 | |
| Shri Kishore Kunal | 0.14 | |
| 53.48 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken | ||
| place | ||
| Smt Vedika Gupta | 0.27 | |
| 0.27 |
| (x xi) | Loan Outstanding | |
|---|---|---|
| Associate | ||
| KEI Cables SA (PTY) Limited | 10.50 | |
| Less: Impairment | 5.28 | |
| 5.22 | ||
| (xxii) | Maximum amount of loan outstanding during the period | |
| Associate | ||
| KEI Cables SA (PTY) Limited | 10.50 | |
| 10.50 | ||
| (xxiii) | Investment in Equity Shares | |
| Associate | ||
| KEI Cables SA (PTY) Limited (22349) | 0.00 | |
| Less: Impairment (12349) | 0.00 | |
| (xxiv) | Trade Receivables Outstanding | |
| Associate | ||
| KEI Cables SA (PTY) Limited | 41.73 | |
| Less : Impairment | 18.31 | |
| 23.42 | ||
| (xxv) | Interest Income Receivable | |
| Associate | ||
| KEI Cables SA (PTY) Limited | 0.29 | |
| 0.29 | ||
| (xxvi) | Credit balance of Deposits/ Unsecured loan outstanding as at the period end | |
| Key Managerial Personnel | ||
| Shri Anil Gupta | 285.00 | |
| Shri Akshit Diviaj Gupta | 2.50 | |
| 287.50 | ||
| Other related parties where KMP are interested | ||
| Anil Gupta (HUF) | 51.00 | |
| 51.00 | ||
| Relatives of Key Managerial Personnel with whom transaction have taken place |
||
| Shri Sunil Gupta | 23.50 | |
| 23.50 | ||
| Other related parties where relatives of KMP are interested | ||
| Sunil Gupta (HUF) | 4.00 | |
| 4.00 | ||
ror AEI INDUSTRIES LIMA a cL RAJEEV GUPTA EXECUTIVE DIPFrrrOR (FINANCE) & r,F0
Other information
(i) Shri Anil Gupta,Chairman-cum-Managing Director has given personal guarantee to lender banks for company's borrowings.
(ii) The company has given Performance Bank Gurantees of Z 61.61 Millions on behalf of Joint Venture of M/s KEI Industries Limited, New Delhi & Brugg Kabel AG Switzerland.
• (iii) Disclosures in respect of transactions with identified related parties are given only for such period during which such relationships existed
(iv) All outstanding balances pertaining to loans and security deposits with related parties are at fair value.
(v) Inter corporate loans/advances have been given for business purposes only.
(vi) As the amount for gratutiy and Leave encashment are provided on acturial basis for the company as a whole, the amount pertaining to the KMP and relatives of KMP are not included in their remuneration. (vii) Transactions with Related parties are made on terms quivalent to those that prevail in arms' length transactions. i
(viii) Deposits and loans received from Related Parties ar for business purpose and the rate of interest thereon is at arms length price. ,
(ix) Shri Manoj Kakkar, Director of Subsidiary Company M/s KEI Cables Australia PTY Limited is in employment with the parent company and has not drawn any remuneration from M/s KEI Cables Australia PTY Limited.
ror Atl INDUSTRIES RAJEEV GUPTA EXECUTIVE DIRECTOR (FINANCE) & CFO