Kilburn Engineering Ltd — Regulatory Filings 2021

Jul 27, 2021

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Plot No.6, MIDC - Saravali, Kalyan Bhiwandi Road, Distt. Thane 421 311 Maharashtra, India � : +91 2522 283000 � : +91 2522 281026 � : www.kilburnengg.com

2�[th] July, 2021

To, The Corporate Relationship Department BSE Limited P. J. Tower, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: BSE 522101

To,

The Secretary The Calcutta Stock Exchange Ltd. 7 , Lyons Range, Kolkata – 700 001. Scrip Code: CSE 21022

Sub. : Disclosure of Related Party Transactions (“RPT”) pursuant to Regulation 23 (9) of SEBI (LODR) Regulations, 2015, (as amended).

Dear Sir / Madam,

Pursuant to the provisions of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the disclosure of Related Party Transactions (“RPTs”) of Kilburn Engineering Limited (“the Company”), on standalone basis, for the half year ended March 31, 2021, attached herewith.

The said disclosure has been published on the website of the Company at www.kilburnengg.com

Yours faithfully,

For Kilburn Engineering Limited

Digitally signed ARVIND by ARVIND BAJORIA BAJORIA Date: 2021.07.27 15:20:34 +05'30'

Arvind Bajoria Company Secretary & Sr. Manager ( Costing )

Encl : as above

AN ISO-9001: 2000 CERTIFIED COMPANY CIN : L24232WB1987PLC042956 REGD. OFFICE : FOUR MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA – 700 001, INDIA. WM A MEMBER OF THE WILLIAMSON MAGOR GROUP

Kilburn Engineering Ltd

Related Party disclosure on a consolidated basis for the half year ended March 31, 2021

(i) List of Related Parties and relationships

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Company having significant influence

Williamson Magor Co Ltd Firstview Trading Private Limited (w.e.f 30th March, 2021)

Key Management Personnel

Subir Chaki (Wholetime Director w.e.f 01st April, 2020) Arvind Kumar Bajoria (Company Secretary) Sachin Vijayakar (Chief Financial Officer)

Non Executive and Independent Directors

Aditya Khaitan Amritanshu Khaitan Gobind Saraf Mahesh Shah Amitav RoyChoudhury Arundhati Dhar

Relatives of Key Management Personnel

Anuradha Chaki Isha Khaitan Yashodhara Khaitan Ronica Vijayakar

The Company has allotted 67,50,000 Equity Shares to RBL Bank Limited on 30th March, 2021 on preferential basis under the Category Non-promoter Lender, by way of conversion of a part of outstanding loans for restructuring of debt under the Guidelines of the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 dated 7th June, 2019. Pursuant to this allotment, RBL Bank Limited holds 23.93% of the Equity Share Capital of the Company. Considering the substance of the relationship of the Company with RBL Bank Limited and not merely the legal form, the Management has not considered RBL Bank Limited as a Related Party in accordance with Para 10 of Ind AS 24 "Related Party Disclosures".

(ii) Transactions during half year ended March 31, 2021 and half year ended March 31, 2020 with Related Parties :

Nature of transactions	For the half year ended March 31, 2021	For the half year ended March 31, 2020
	INR in lacs	INR in lacs
Williamson Magor & Co Ltd Consultancy Charges Paid Rent and Service Charges Paid Reimbursement of Expenses	12.00 8.40 1.59 15.86 10.56 415.80 1,640.00	14.00 8.40 2.89 20.46 - -
ICD received back Interest income on ICD Provision for ICD
Firstview Trading Private Limited Allotment of Equity Shares for cash consideration

Digitally signed ARVIND by ARVIND BAJORIA BAJORIA Date: 2021.07.27 15:21:21 +05'30'

Kilburn Engineering Ltd

Related Party disclosure on a consolidated basis for the half year ended March 31, 2021

Nature of transactions		For the half year ended March 31, 2021	For the half year ended March 31, 2020
		INR in lacs	INR in lacs
Compensation of key managerial personnel** Short term employee benefits Other long term employee benefits		75.29 5.46 3.30	113.59 2.36 2.31
Sitting fees to Non Exceutive and Independent Directors
	Total	84.05	118.26
		1.28 26.99 0.27	0.96 20.10 13.76
Relatives of Key Management Personnel
Car Hire Charges Paid Professional Fees Paid Other Services

iii. Balances outstanding as at the year end

Particulars	31st March,2021	31st March,2020
	INR in lacs	INR in lacs
Williamson Magor & Co Ltd Receivable against ICD		431.66 - 12,000.00
	415.80 415.80
Provision for the above ICD
KMP
Personal guarantee received by the company for loans given to group companies	12,000.00

** As the liabilities for gratuity and leave encashment are provided on actuarial basis for the Company as a whole, the amounts pertaining to the Directors are not included above.

Terms and conditions of transactions with related parties

Related Party Transactions are made on terms equivalent to those that prevail in arm ’s length transactions. Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash.

ARVIND Digitally signed by ARVIND BAJORI BAJORIA Date: A 2021.07.27 15:21:49 +05'30'