KNR Constructions Limited — Interim / Quarterly Report 2019

Dec 10, 2019

Dated 'lOth Deccrnber ²⁰¹⁹

Ref: KNRCI-/SD / 2019 / 196 & ¹⁹⁷

To Dept. of Corporatc Services, B S E Limited P J Towcrs, Dalal Street, Fort, MUMBAI - 400001

To National Stock Exchange of India Limited "Exchange Plaza" , Bandra Kurla Complex, Bandra (E), MUMBAI - ⁴⁰⁰⁰⁵¹

BSE Code:532942 NSE Symbol: KNIiCON

Sir,

Sub: - Compliance under Regulation 23(9) of SEBI (LODR) Regularions 20]5

Pursuant to the liegulation 23(9) of SEBI (LODR) Regulation 2015, we are herewith enclosir-rg the disclosure of Relatcd Party 'l-ransactions on Consolidated basis in the form spccificd in the relevant accounting standards as on 30.09.2019

'Ihis is for 1'our information and records.

Yours sinccrcly,

Compliance under Regulation 23(9) of the Securities and Exchange Board of lndia (list Obligation and Disclosure Requirements) Amendment Regulations, 2018.

Disclosure of Related Party Transactions on a consolidated basis, in the format specified in the accounting standards for the half year ended September 30, 2019 with comparatives figures for the half year ended September 30, 2018.

(a) List of related parties

(i) Associatecompanies:

• 1. Patel KNR lnfrastructures Ltd.,
• 1. Patel KNR Heavy lnfrastructures Ltd.,

(ii) Joint Venture :

1.. SEL-KN R-JV (At Bangladesh)

(iiil Key Mana8ement Personnel's {KMPs):

t	sri. K.Narasimha Reddy	Managing Director
2	Sri K.Jalandha r Reddy	Executive Director & CFO
3	Smt. K.Yashoda	Non Executive Director
4	Sri. B.V.Rama Rao	lndependent Director
5	5ri. L. B.Reddy	lndependent Director
6	Smt. G.C. Rekha +	lndependent Director
7	5ri S.Vaikuntanatha n	Executive Officer - VP (F&A)
8	5ri M.Venkata Rao	Company Secretary

Appointed on May 30, 2019

(iv) Relatives of KMPs :

7	Sri. M.Rajesh Reddy	Son-in-law of Sri K.Narasimha Reddy
2	Sri. J.V Panindra Reddy	son-in-law of sri K.Narasimha Reddy
3	Sri. V.Krishna Reddy	Brother of Smt. K.Yashoda

(v) Other Related parties :

1,	KNR Constructions Limited Employees	Post employment benefit plan
	group gratuity fund

(b) Disclosure of related party transactions :

(Rs. in Lakhs)

Sl.No.	Particulars	Associates		Joint Ventures		Key Management personnel (KMP) & Relatives of KMP		Other related party
		Apr'19 - 5ep'19	Apr'18 - 5ep'18	Apr'19- Sep'19	Apr'18- Sep'18	Apr/19- Sep'19	Aprr18 - Sep'18	Apr'19- Sep'19	Apr'18 - Sep'18
7	Work contract receipts received	600.87	52L.91
2	Re-imbursement of expenditure incurred/(Recovered)	13.87	4.60		16.50	1.95	1.95
	Royalty reimbursement income		87.88
4	Materials advance received/(recovered)	773.64
5	Short Term Employee Benefits					898.17	555.05
6	Post-employment Benefits *					tL.28	7 .60
7	Other Long-term Benefits
8	Termination Benefits
9	Share based payment
10	lnterest Pald on un-secured loans					892.38	901.98
11,	Un-secured loan received					921.00	510.00
12	Un-secured loan (repaid)					(s72.841	(306.33)
13	Dividend approved					3t1,.52	377.52
t4	Land lease rent paid					a.64	8.64
15	Office rent paid					5.46	5.05
t6	Directors sitting fee paid					22.OO	19.00

(c) Related party balances outstanding are as follows :

(Rs. in Lakhs)

Sl.No.	Particulars	Associates		Joint Ventures		Key Management personnel (KMP) & Relatives of KMP		Other related party
		Apr'19 - Sep'19	Apr'18 - Sep'18	Apr'19 - Sep'19	Ap/18 - Sep'18	Ap/19 - m Sep'19	Aprr18 - Sep'18	Apr'19 - Sep'19	Apr'18 - Sep'18
1	Debit balances outstanding
	Patel Knr Heavy lnfrastructure Ltd.,	2205.21	2L29.98
	Patel Knr lnfrastructure Ltd.,	1815.43	1799.33
	SEL-KN R JV				5L.82
	M.Ra.iesh Reddy					-------r------ 18.78	18.78
2	Credit Balances outstanding					f-----r-----	fI
=	Patel Knr lnfrastructure Ltd.,	862.73
	K.Na rasimha Reddy					20689.45	27419.39		=
	K.Jaland har Reddy *					559.06	558.51
	K.Yashoda					24.03	24.03
	J.V. Panindra Reddy						3.70
	M.Rajesh Reddy					26.00	26.00
	S.Vaikuntanathan					2.47	L.67
	M.Venkata Rao *					1.13	L.O2
	V.Krishna Reddy					0.57	0.57

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(d) Disclosure in respect oftransactions which are morethan 10% ofthe total transactions ofthe sametypewith related parties duringtheyear:

(Rs. in Lakhs)

(r1

o AA^D r

U\

Sl,No.	Particulars	Associates		Joint Ventures		Key Management personnel (KMP) & Relatives of KMP		Other related party
		Apr'19 - Sep'19	Apr'18 - Sep'18	Ap/19 - Sep'19	Apr'18 - Sep'18	Apr'19 - Sep'19	Apr'18 - Sep'18	Apr'19 - Sep'19	Aprr18 - Sep'18
L	Work contract receipts received					I
	Patel Knr Heavy lnfrastructure Ltd.,	297 .1-5	232.83
I	Patel Knr lnfrastructure Ltd.,	303.72	289.08
2	Re-imbursement of expenditure incurred/(Recovered)
I	Patel Knr HeaW lnfrastructure Ltd.,	13.87	4.60
	SEL-KNR JV				16.50
3	Royalty reimbursement income			I			t------r-----
	Patel KNR Heavy lnfrastructure Ltd.,		87.88
4	Materials advance received/(recovered!
	Patel Knr lnfrastructure Ltd.,	773.64	__
5	Short Term Employee Benefits					I	r
	K.Narasimha Reddy					522.00	378.00
	K.Jaland har Reddy					348.00	252.00
6	Post-employment Benefits *					-----T-----		II
=	K.lalandhar Reddy					10.80	7.20
7	lnterest Paid on un-secured loans					l
	K.Narasimha Reddy					872.51	882.43
8	Un-secured loan received				I		T_-	,4	:\
	K. Narasimha Reddy					92L.OO	510.00

)''

9	Un-secured loan (repaid)
	K.Narasimha Reddy			1s72.84].	(306.33)
10	Dividend approved
	K.Narasimha Reddy			782.97	t82.97
	K.Jala ndha r Reddy			78.52	78.52
11	Land lease rent paid
	K.Jalandhar Reddy			8.64	8.64
t2	Office rent paid				-------r------
	K.Jalandha r Reddy			5.46	5.05
13	Directors sittinB fee paid
	K.Yashoda			4.00	3.00
	B.V.Rama Rao			8.00	8.00
	L. B. Reddy			8.00	8.00

* Asthe future liabilities for gratuity is provided on actuarial basis for the group as a whole, the amount pertaining to the KMP's is not ascertainable, therefore not included above.

Note 1) All Related Party Transactions entered during the year were in ordinary course of the business and are on arm's length basis.

2) The amount of outstanding balances as shown above are unsecured and will be settled/recovered in cash.

For KNR Constructions Limited

Place: Hyderabad

Date:10-12-2019 tury r( K. Jala ndhar DIN: Executive Director o .o * o UC