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KRBL Ltd. Regulatory Filings 2019
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Regulatory Filings
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| E:KRBL/BIBHU/STK_EX_ 1920/6202 December2019 | KRBLiwaec | ||
|---|---|---|---|
| ManagerThe GeneralDepartment of Corporate ServicesBSE LimitedFloor 25, Phiroze Jeejeebhoy TowersDalal StreetMumbai — 400 001 | Y | 'National Stock Exchange of India Limited"Exchange Plaza", C-1, Block-GBandra-Kurla ComplexBandra (E)Mumbai-400051 | |
| 530813Scrip Code: | Symbol: KRBL | Series: Eq. |
Dear Sir/Madam,
Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
Pursuant to the provisions of Regulation 23(9) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the disclosure of Related Party Transactions of the Company on a consolidated basis for the half year ended 30 September 2019.
Further, the above said disclosure is also available on the Company's website at www.krblrice.com under the head Investor Relations.
This is for your information and record.
Thanking you,
Yours faithfully, For KRBL Limited ae
Raman Sapra Company Secretary
Encl.: As Above.
CONSOLIDATED DISCLOSURE OF RELATED PARTY TRANSACTIONS AND BALANCES FOR THE HALF YEAR ENDED 30 SEPTEMBER 2019.
PART A: RELATED PARTIES AND THEIR RELATIONSHIPS:
a) Key Managerial Personnel's (SIRES 72
| CONSOLIDATED DISCLOSURE OF RELATED PARTY TRANSACTIONS AND BALANCES FOR | ||
|---|---|---|
| THE HALF YEAR ENDED 30 SEPTEMBER 2019. | ||
| PART A: RELATED PARTIES AND THEIR RELATIONSHIPS: | ||
| a) Key ManagerialPersonnel's (SIRES 72 | ||
| Mr. Anil Kumar Mittal_Mr. Arun Kumar Gupta | : _ | Chairman & Managing Director=Joint Managing Director_ |
| Mr. Anoop Kumar Gupta | : | Joint Managing Director |
| Ms. Priyanka Mittal | :: | _Whole Time Director |
| b) Additional related parties (KMPs) as per the Companies Act 2013 with whom transactions have | ||
| taken placeduring the half year: | ||
| Mr. Rakesh Mehrotra | : | Chief Financial Officer |
| Mr. Raman Sapra | 7: _ Company Secretary | |
| c) Independent Non-Executive Dingetors: | ee | |
| Mr. Vinod Ahuja | Independent Non-Executive Director- | |
| Mr. Ashwani Dua | :; | Independent Non-Executive Director |
| Mr. Shyam Arora | : | Independent Non-Executive Director__ |
b) Additional related parties (KMPs) as per the Companies Act 2013 with whom transactions have during the half year:
| Mr. Rakesh Mehrotra | : | Chief Financial Officer |
|---|---|---|
| Mr. Raman Sapra | 7: _ Company Secretary |
c) Independent Non-Executive Dingetors: ee
| CONSOLIDATED DISCLOSURE OF RELATED PARTY TRANSACTIONS AND BALANCES FOR | ||
|---|---|---|
| THE HALF YEAR ENDED 30 SEPTEMBER 2019. | ||
| PART A: RELATED PARTIES AND THEIR RELATIONSHIPS: | ||
| a) Key ManagerialPersonnel's (SIRES 72Mr. Anil Kumar Mittal | : _ | Chairman & Managing Director= |
| _Mr. Arun Kumar Gupta | : | Joint Managing Director_ |
| Mr. Anoop Kumar Gupta | : | Joint Managing Director |
| Ms. Priyanka Mittal | : | _Whole Time Director |
| b) Additional related parties (KMPs) as per the Companies Act 2013 with whom transactions have | ||
| taken placeduring the half year: | ||
| Mr. Rakesh Mehrotra | : | Chief Financial Officer |
| Mr. Raman Sapra | 7: _ Company Secretary | |
| c) Independent Non-Executive Dingetors:Mr. Vinod Ahuja | : | eeIndependent Non-Executive Director- |
| Mr. Ashwani Dua | ; | Independent Non-Executive Director |
| Mr. Shyam Arora | : | Independent Non-Executive Director__ |
| Mr. Devendra Kumar Aggawal | : | Independent Non-Executive Director_ |
| Mr. Alok Sabharwal | 5 _ | Independent Non-Executive Director |
| d) Relatives of KMPs*:Mrs. Preeti Mittal | : | Wife of Mr. Anil Kumar Mittal- |
| Mrs. Anulika Gupta | —__ _: __ Wife of Mr. Arun Kumar Gupta | |
| Mrs. Binita Gupta= | : | Wife of Mr. Anoop Kumar Gupta |
d) Relatives of KMPs*: _
| CONSOLIDATED DISCLOSURE OF RELATED PARTY TRANSACTIONS AND BALANCES FOR | ||
|---|---|---|
| THE HALF YEAR ENDED 30 SEPTEMBER 2019. | ||
| PART A: RELATED PARTIES AND THEIR RELATIONSHIPS: | ||
| a) Key ManagerialPersonnel's (SIRES 72 | ||
| Mr. Anil Kumar Mittal | : _ | Chairman & Managing Director= |
| _Mr. Arun Kumar Gupta | : | Joint Managing Director_ |
| Mr. Anoop Kumar Gupta | : | Joint Managing Director |
| Ms. Priyanka Mittal | : | _Whole Time Director |
| b) Additional related parties (KMPs) as per the Companies Act 2013 with whom transactions have | ||
| taken placeduring the half year: | ||
| Mr. Rakesh Mehrotra | : | Chief Financial Officer |
| Mr. Raman Sapra | 7: _ Company Secretary | |
| c) Independent Non-Executive Dingetors: | ee | |
| Mr. Vinod Ahuja | Independent Non-Executive Director- | |
| Mr. Ashwani Dua | :; | Independent Non-Executive Director |
| Mr. Shyam Arora | : | Independent Non-Executive Director__ |
| Mr. Devendra Kumar Aggawal | : | Independent Non-Executive Director_ |
| Mr. Alok Sabharwal | 5 _ | Independent Non-Executive Director |
| d) Relatives of KMPs*: | _ | |
| Mrs. Preeti Mittal | : | Wife of Mr. Anil Kumar Mittal_- |
| Mrs. Anulika Gupta | —__ _: __ Wife of Mr. Arun Kumar Gupta | |
| Mrs. Binita Gupta= | : | Wife of Mr. Anoop Kumar Gupta |
| Mr. Ashish Mittal | : | Son of Mr. Anil Kumar Mittal |
| Mrs. Neha Singh | ; | Daughter of Mr. Arun Kumar Gupta |
| Mr. Kunal Gupta | : | _Son of Mr. Arun Kumar Gupta- |
| Mrs. Rashi Gupta | : | Daughter of Mr. Anoop Kumar Gupta_ |
| Mr. Akshay GuptaMr. Ayush Gupta | : | Son of Mr. Anoop Kumar Gupta___]Son of Mr. Anoop Kumar Gupta |
| Anil Kumar Mittal HUF | : | Mr. Anil Kumar Mittal is Karta of Anit Kumar Mittal HUF |
| Arun Kumar Gupta HUF | ; | Mr. Arun Kumar Gupta is Karta of Arun Kumar Gupta HUF |
| : Anoop Kumar Gupta HUF | —:_ | Mr. Anoop Kumar Gupta is Karta of Anoop Kumar Gupta HUF |
| e) Enterprises over which KMPs are able to exercise significant influence": | ||
| Khushi Ram Behari Lal | PartnershipwhichArunFirmMr.AnilMittal,Mr. | |
| ; | K.K.inGupta & Mr. Anoop K. Gupta are Partners. | |
| Adwet Warehousing Pvt. Ltd. | : | Private Limited Company in which Mr. Anil K. Mittal, Mr. Arun |
| K. Gupta & Mr. Anoop K. Gupta are Directors. | ||
| KRBL Foods Ltd. | : | Public Limited Company in which Mr. Anil K. Mittal, Mr. Arun |
| AnoopGuptaGupta,Mrs.Mrs.PreetiMr.Mittal,&K.K. | ||
| Anulika Gupta & Mrs. Binita Gupta are Directors. | ||
| KRBL Infrastructure Ltd. | : | Public Limited Company in which Mr. Anil K. Mittal, Mr. Arun |
| AnoopGuptaGupta,Mrs.PreetiMrs.Mr.Mittal,&K.K.Anulika Gupta & Mrs. Binita Gupta are Directors. | ||
| Holistic Farms Pvt. Ltd. | _ Private Limited Company in which Mr. Anil K. Mittal, Mr. Arun | |
| : | K. Gupta & Mr. Anoop K.Gupta are Directors. | |
| Trust/Society over which KMPs are able | ||
| f) | to exercise significant influence*: |
e) Enterprises over which KMPs are able to exercise significant influence":
| Mr. Kunal Gupta | : | _Son of Mr. Arun Kumar Gupta- | |
|---|---|---|---|
| Mrs. Rashi Gupta | : | Daughter of Mr. Anoop Kumar Gupta_ | |
| Mr. Akshay Gupta | : | Son of Mr. Anoop Kumar Gupta___] | |
| Mr. Ayush Gupta | : | Son of Mr. Anoop Kumar Gupta | |
| Anil Kumar Mittal HUF | ; | Mr. Anil Kumar Mittal is Karta of Anit Kumar Mittal HUF | |
| :Arun Kumar Gupta HUF | —:_ | Mr. Arun Kumar Gupta is Karta of Arun Kumar Gupta HUF | |
| Anoop Kumar Gupta HUF | Mr. Anoop Kumar Gupta is Karta of Anoop Kumar Gupta HUF | ||
| e) Enterprises over which KMPs are able to exercise significant influence": | |||
| Khushi Ram Behari Lal | ; | PartnershipwhichArunFirmMr.AnilMittal,Mr.K.K.in | |
| Gupta & Mr. Anoop K. Gupta are Partners. | |||
| Adwet Warehousing Pvt. Ltd. | : | Private Limited Company in which Mr. Anil K. Mittal, Mr. Arun | |
| K. Gupta & Mr. Anoop K. Gupta are Directors. | |||
| KRBL Foods Ltd. | : | Public Limited Company in which Mr. Anil K. Mittal, Mr. Arun | |
| AnoopGuptaGupta,Mrs.Mrs.PreetiMr.Mittal,&K.K. | |||
| Anulika Gupta & Mrs. Binita Gupta are Directors. | |||
| KRBL Infrastructure Ltd. | : | Public Limited Company in which Mr. Anil K. Mittal, Mr. Arun | |
| AnoopGuptaGupta,Mrs.PreetiMrs.Mr.Mittal,&K.K. | |||
| Anulika Gupta & Mrs. Binita Gupta are Directors._ | |||
| Holistic Farms Pvt. Ltd. | : | Private Limited Company in which Mr. Anil K. Mittal, Mr. Arun | |
| K. Gupta & Mr. Anoop K.Gupta are Directors. | |||
| Trust/Society over which KMPs are ablef) | to exercise significant influence*: | ||
| Anil Mittal Family Trust | : | Mr. Anil Kumar Mittal,Trust in whichMrs.Preeti Mittal,Mr. | |
| - | Ashish Mittal and Ms. Priyanka Mittal are beneficiaries. | ||
| Anoop Kumar Gupta Family Trust | : | Trust in which Mr. Anoop Kumar Gupta,Mr. Akshay Gupta | |
f) Trust/Society over which KMPs are able to exercise significant influence*:
| Anulika Gupta & Mrs. Binita Gupta are Directors._ | ||
|---|---|---|
| Holistic Farms Pvt. Ltd. | : | Private Limited Company in which Mr. Anil K. Mittal, Mr. Arun |
| Gupta are Directors. | ||
| Trust/Society over which KMPs are ablef) | to exercise significant influence*: | |
| Anil Mittal Family Trust | : | Mr. Anil Kumar Mittal,Trust in whichMrs.Preeti Mittal,Mr. |
| - | Ashish Mittal and Ms. Priyanka Mittal are beneficiaries. | |
| Anoop Kumar Gupta Family Trust | : | Trust in which Mr. Anoop Kumar Gupta,Mr. Akshay Gupta |
| _ | _and Mr. Ayush Gupta are beneficiaries. | |
| Arun Kumar Gupta Family Trust | : | which Mr. Arun Kumar Gupta and Mr. Kunal GuptaTrustin |
| are beneficiaries. |
PART B: TRANSACTIONS AND BALANCES WITH KEY MANAGERIAL PERSONNEL'S (KMPs) ON CONSOLIDATED BASIS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2019:
| (Amounts in Rupees Lacs) | ||
|---|---|---|
| S.No. | Particulars | Transactions with KMPs |
| I | RELATED PARTY TRANSACTIONS ENTERED DURING | |
| THE HALF YEAR ENDED 30 SEPTEMBER 2019 | ||
| i | Remuneration on A/c of Salary & Petquisites' | |
| Mr. Anil Kumar Mittal | 59.53 | |
| Mr. Arun Kumar Gupta | 59.5359.53 | |
| Mr. Anoop Kumar Gupta | 28.02 | |
| Ms. Priyanka Mittal | 7.75 | |
| Mr. Raman Sapra | 42,48 | |
| Mr. Rakesh Mehrotra | 256.84 | |
| ii | Dividend paid" | |
| Mr. Anil Kumar Mittal | 0.00 | |
| Mr. Arun Kumar Gupta | 0.00 | |
| Mr. Anoop Kumar Gupta | 0.00 | |
| Ms. Priyanka Mittal | 0.00 | |
| 0.00 | ||
| iii | [Rent paid' | |
| Mr. Anil Kumar Mittal | 1.24 | |
| Mr. Arun Kumar Gupta | 3.04 | |
| Mr. Anoop Kumar Gupta | 3.04 | |
| 7.32 | ||
| iv | Advances adjusted against salary | |
| Mr. Rakesh Mehrotra | 0.30 | |
| 0.30 | ||
| Vv | Botrowings- Unsecured loans availed | |
| Mr, Anil Kumar Mittal | (2,385.00) | |
| Mr. Arun Kumar Gupta | (1,051,00) | |
| Mr. Anoop Kumar Gupta | (845,00) | |
| (4,281.00) | ||
| vi | Borrowings-Unsecured loans repaid | |
| Mr. Arun Kumar Gupta | (165.00) | |
| Mr. Anoop Kumar Gupta | (70.00) | |
| (235.00) |
| (Amounts in Rupees Lacs) | ||
|---|---|---|
| S.No. | Particulars | Transactions with KMPs |
| II | BALANCE OUTSTANDING AS ON 30 SEPTEMBER 2019 | |
| Unsecured borrowings-CurrentMr. Anil Kumar Mittal | 2,727.36 | |
| Mr. Arun Kumar GuptaMt. Anoop Kumar Gupta | 2,152,003,276.6234.00 | |
| Ms. Priyanka Mittal | 8,189.98 | |
| ii | Employee related payablesMr. Arun Kumar GuptaMr. Anoop Kumar Gupta | 12.09(0.27) |
| Mr. Rakesh Mehrotra | (0.24)11.58 | |
| iii | Other balances outstanding at the end of the half year, net(Payable) / Receivable | |
| Mr. Arun Kumar Gupta | 12.09(0.27) | |
| Mr. Anoop Kumar GuptaMr. Rakesh Mehrotra | (0.24)11.58 |
-
As gratuity and compensated absences ate computed for all the employees in aggregate, the amount relating to KMPs cannot be individually identified.
-
Amounts ate below rounding off thresholds adopted by the Company.
3, Transactions ate inclusive of goods and service tax.
4, Personal guarantee has been given by Mr. Anil Kumar Mittal, Mr. Anoop Kumar Gupta and Mr. Arun Kumar Gupta in respect of working capital consortium loan taken by the Company, as at the half year ended 30 September 2019, the outstanding amount of loan is Rs. 9269.43 lacs.
- All related party transactions are at arms length price and in the ordinary course of business.
TRANSACTIONS AND BALANCES WITH OTHER RELATED PARTIES ON CONSOLIDATED BASIS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2019:
| TRANSACTIONS AND BALANCES WITH OTHER RELATED PARTIES ON CONSOLIDATED BASIS FORTHE HALF YEAR ENDED 30 SEPTEMBER 2019: | (Amounts in Rupees Lacs) | ||||
|---|---|---|---|---|---|
| S.No. | Particulars | Enterprises /'Trusts overwhich significant influenceis excrised by KMPs | Other Related]Parties | ||
| RELATED PARTY TRANSACTIONS ENTERED DURINGTHE HALF YEAR ENDED 30 SEPTEMBER 2019 | |||||
| Purchase of goods'Khushi Ram Behari Lal | 11.16 | : | |||
| Sale of goods'Khushi Ram Behari Lal | 11.16465.77465.77 | -s2 | |||
| iii | Rent paid'KRBL. Infrastructure Limited | 164.66 | |||
| KRBL Foods LimitedAdwet Warehousing Private Limited | 325.4273.6024.00 | - | |||
| Holistic Farms Private LimitedMrs. Anulika GuptaMrs. Binita Gupta | -: | -7.960.96 | |||
| Mrs, Preeti MittalMt. Ashish Mittal | - | 1.088.68 | |||
| iv | Anoop Kumar Gupta HUFExpense incurred (on behalf of company by others)/by companyfor others | -587.68 | 7,0025.68 | ||
| Khushi Ram behari lal | 1,301.30 | -- | |||
| v | Remuneration on A/c of Salary & Perquisites~Mr. Ashish MittalMr. Kunal Gupta | - | 12,9612,96 | ||
| Mr, Akshay GuptaMr. Ayush Gupta | --- | 12.9612,9651.84 | |||
| vi | _ Electricity charges paidKRBL Infrastucture Limited | 44.6144.61 | -- | ||
| vii | Sitting fees paidMr. Vinod Ahuja | - | 0.750.50 | ||
| Mr, Ashwani DuaMr. Shyam AroraMr. Devendra Kumar AggawalMr. Alok Sabharwal | -- | 0.500.750.252.75 | |||
| Dividend paidAnil Mittal Family Trust | -1,063.65 | ||||
| Arun Kumar Gupta Family TrustAnoop Kumar Gupta Family Trust | 1,032.34971,23- | --90.00 | |||
| Anil Kumar Mittal HUFArun Kumar Gupta HUFAnoop Kumar Gupta HUF | - | 121.25182.50 | |||
| Mr. Ashish Mittal"Mr. Kunal Gupta' | :z- | 0.000.000,00 | |||
| Mr. Akshay Gupta"Mr. Ayush Gupta"_ Mrs, Binita Gupta' | :: | 0.000.00 | |||
| viii | Mrs. Anulika Gupta?Mrs. Neha Gupta?Mrs. Rashi Gupta' | = | 0.000.000,00 |
| (Amounts in Rupees Lacs) | |||
|---|---|---|---|
| S.No. | Particulars | Enterprises/Trusts overwhich significant influence | Other RelatedParties |
| is exerised by KMPs | |||
| xi | Advance received against supply of goods | ||
| Khushi Ram Behari Lal | 1,555.001,555.00 | - | |
| x | Advance received against supply of goods returned back | ||
| Khushi Ram Behari Lal | 150.00.150.00 | x | |
| - | |||
| (Amounts in Rupees Lacs) | |||
| S.No. | Particulars | Enterprises/Trusts over | Other Related] |
| which significant influence | Parties | ||
| BALANCES OUTSTANDING AS ON 30 SEPTEMBER 2019 | is exerised by KMPs |
| (Amounts in Rupees Lacs) | |||
|---|---|---|---|
| S.No. | Particulars | Enterprises/Trusts overwhich significant influenceis exerised by KMPs | Other RelatedParties |
| xi | Advance received against supply of goodsKhushi Ram Behari Lal | 1,555.001,555.00 | - |
| x | Advance received against supply of goods returned backKhushi Ram Behari Lal | 150.00.150.00 | x- |
| (Amounts in Rupees Lacs) | |||
| S.No. | Particulars | Enterprises/Trusts over which significant influenceis exerised by KMPs | Other Related]Parties |
| II | BALANCES OUTSTANDING AS ON 30 SEPTEMBER 2019 | ||
| i | Advance received from customersKhushi Ram Behari Lal | 2,367.192,367.19 | -- |
| ii | Receivable on account of Security deposit/Prepaid Lease:_ KRBL Infrastucture Limited | 971.78971.78 | - |
| iii | Employee related payablesMt. Ashish MittalMr. Akshay Gupta | -- | 0.02(0.04) |
| iv | Other balances payable at the end of the half year | - | (0.02) |
| Mr. Ashish Mittal | - | 0.02 |
-
As gratuity and compensated absences are computed for all the employees in aggregate, the amount relating to relatives of KMPs cannot be individually identified.
-
Amounts are below rounding off thresholds adopted by the Company.
-
Personal guarantee has been given by Mr. Ashish Mittal (relative of key managerial personnel) in respect of working capital consortium loan taken by the Company to the extent of the immovable properties as specified in consortium agreement. ,
5, All related party transactions are at arms length price and in the ordinary course of business.
