K&R RAIL ENGINEERING LIMITED — Regulatory Filings 2021

Nov 24, 2021

24/11/2021

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The Deputy General Manager Corporate Relationship Department BSE Limited lSt Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort Mumbai -400 001

Sub: Submission of half yearly disclosure on Related Party Transactions pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Please find enclosed the disclosure on related party transactions on consolidated basis, drawn in accordance with applicable accounting standards as per the requirements of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, for your information and records)

You are requested to take the same on your records.

Thanking you

Yours Faithfully, For K & R RAIL ENGINEERING LIMITED (Formerly known as Axis Rail India Limited)

YAVANIKA SINGH Digitally signed by YAVANIKA SINGH DN: c=IN, o=Personal, pseudonym=db2c1859cd15ce0c105a8c9ff486ae4a6b156d9f5239bd3cba8c029412eb296d, postalCode=201001, st=UTTAR PRADESH, serialNumber=2dbe9d881812168ee8e0c8285e865190ae568b518103e16e6166f813a62a9fc7, cn=YAVANIKA SINGH Date: 2021.11.24 19:14:27 +05'30'

Yavanika Singh Company Secretary cum Compliance Officer

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DISCLOSURE OF RELATED PARTY TRANSACTIONS- ON CONSOLIDATED BASIS In pursuance with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018

Related party disclosures

The following table provides the name of the related party and the nature of its relationship a) with the Company:

Name of the parties	Relationship
Asma Estates & Investments Private Limited	Member / Shareholder
Zainab Investments Private Limited	Member / Shareholder
S V Multilogitech Private Limited	Member / Shareholder

• b) Details of all transactions with related parties during the year:

In lakhs	In lakhs	In lakhs	In lakhs	In lakhs
Particulars			30-Sep-21	31-Mar-21
i)	Contract Income from
	SV Multilogitech Pvt Ltd		-	473.29
ii)	Payment of Rent to
	Zainab Investments Pvt Ltd		9.00	18.00
ii)	Advance for Contracts to
	Asma Estates & Investments Private Limited		-	-
	Zainab Investments Private Limited		-	172.50
iv)	Purchase of Materials/Services from
	SV Multilogitech Pvt Ltd		352.32	722.75
v)	Managerial remuneration/ consultancy fee to Key managerial personnel*		-	-

c) Terms and conditions of transactions with related parties:

The transactions with related parties 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.

YAVANIKA SINGH Digitally signed by YAVANIKA SINGH DN: c=IN, o=Personal, pseudonym=db2c1859cd15ce0c105a8c9ff486ae4a6b156d9f5239bd3cba8c029412eb296d, postalCode=201001, st=UTTAR PRADESH, serialNumber=2dbe9d881812168ee8e0c8285e865190ae568b518103e16e6166f813a62a9fc7, cn=YAVANIKA SINGH Date: 2021.11.24 19:17:57 +05'30'