KRBL Ltd. — Regulatory Filings 2020

Jul 7, 2020

E:KRBL/BIBHU/STK_EX_2021/22 07 July 2020

The General ManagerDepartment of Corporate ServicesBSE Limited		National Stock Exchange of India Limited"Exchange Plaza", C-1, Block-GBandra-Kurla Complex
Floor 25, Phiroze Jeejeebhoy TowersDalal StreetMumbai -400 001	v	Sandra (E)Mumbai-400051
Scrip Code:530813		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 year ended 31 March 2020.

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,

Raman Sapra Company Secretary

Encl.: As Above.

CONSOLIDATED DISCLOSURE OF RELATED PARTY TRANSACTIONS AND BALANCES FOR THE YEAR ENDED 31 MARCH 2020.

PART A: RELATED PARTIES AND THEIR RELATIONSHIPS:

a) Key Managerial Personnel's (KMPs):

Mr. Anil Kumar Mittal		Chairman & Manaqinq Director
Mr. Arun Kumar Gupta		Joint Managing Director
Mr. Anoop Kumar Gupta		Joint Manaqinq Director
Ms. Priyanka Mittal		Whole Time Director

b) Additional related parties (KMPs) as per the Companies Act 2013 with whom transactions have taken place durin the ear:

Mr. Rakesh Mehrotra	Chief Financial Officer
Mr. Raman Sa ra	Com anSecretar

c) Independent Non-Executive Directors:

Mr. Vinod Ahuja	Independent Non-Executive Director
Mr. Ashwani Dua	Independent Non-Executive Director
Mr. Shyam Arora	Independent Non-Executive Director
Mr. Devendra Kumar Aqgawal	Independent Non-Executive Director
Mr. Alok Sabharwal	Independent Non-Executive Director
Mrs. Priyanka Sardana	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 GuptaDaughter of Mr. Anoop Kumar Gupta
Son of Mr. Anoop Kumar GuptaMr. Akshav Gupta
Mr. Ayush Gupta	Son of Mr. Anoop Kumar Gupta
Anil Kumar Mittal HUF	Mr. Anil Kumar Mittal is Karta of Anil 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	Partnership Firm in which Mr. Anil K. Mittal, Mr. Arun K. Gupta &Mr. Anoop K. Gupta are Partners.
Adwet Warehousing Private Limited	Private Limited Company in which Mr. Anil K. Mittal, Mr. Arun K.Gupta & Mr. Anoop K. Gupta are Directors.
KRBL Foods Limited	Public Limited Company in which Mr. Anil K. Mittal, Mr. Arun K.Gupta & Mr. Anoop K. Gupta, Mrs. Preeti Mittal, Mrs. Anulika Gupta& Mrs. Binita Gupta are Directors.
KRBL Infrastructure Limited	Public Limited Company in which Mr. Anil K. Mittal, Mr. Arun K.Gupta & Mr. Anoop K. Gupta, Mrs. Preeti Mittal, Mrs. Anulika Gupta& Mrs. Binita Gupta are Directors.
Holistic Farms Private Limited	Private Limited Company in which Mr. Anil K. Mittal, Mr. Arun K.Gupta & Mr. Anoop K. Gupta are Directors.

f) Trust/Society over which KMPs are able to exercise significant influence*:

Anil Mittal Family Trust	Trust in which Mr. Anil Kumar Mittal, Mrs. Anil Kumar Mittal, Mr.
	Ashish Mittal and Ms. Priyanka Mittal are beneficiaries.
Arun Kumar Gupta Family Trust	Trust in which Mr. Arun Kumar Gupta and Mr. Kuna! Gupta are
	beneficiaries.
Anoop Kumar Gupta Family Trust	Trust in which Mr. Anoop Kumar Gupta, Mr. Akshay Gupta and Mr.
	Avush Gupta are beneficiaries.
Binita Gupta Family Trust	Trust in which Mr. Anoop Kumar Gupta and Ms. Binita Gupta, Mr.
	Akshay Gupta and Mr. Ayush Gupta are beneficiaries.

V

* This includes only those parties with whom Company had related party transactions.

PART B: TRANSACTIONS AND BALANCES WITH KEY MANAGERIAL PERSONNEL'S (KMPS) ON CONSOLIDATED BASIS FOR THE YEAR AS ON 31 MARCH 2020

		(Amounts in Rupees Lacs)
S.No.	Particulars	Transactions with KMPs
I	RELATED PARTY TRANSACTIONS ENTERED DURING
	THE YEAR
i	Remuneration on A/ c of Salary & Perquisites 1
	Mr. Anil Kumar Mittal	119
	Mr. Arun Kumar Gupta	119
	Mr. Anoop Kumar Gupta	137
	Ms. Priyanka Mittal	81
	Mr. Raman Sapra	15
	Mr. Rakesh Mehrotra	85
		556
ii	Dividend paid2
	Mr. Anil Kumar Mittal	0
	Mr. Arun Kumar Gupta	0
	Mr. Anoop Kumar Gupta	0
	Ms. Priyanka Mittal	0
		0
iii	Rent paid3
	Mr. Anil Kumar Mittal	2
	Mr. Arun Kumar Gupta	6
	Mr. Anoop Kumar Gupta	6
		14
iv	Advances adjusted against salary
	Mr. Rakesh Mehrotra	(1)
		(1)
v	Borrowings- Unsecured loans availed
	Mr. Anil Kumar Mittal	3,458
	Mr. Arun Kumar Gupta	2,094
	Mr. Anoop Kumar Gupta	1,775
		7,327
vi	Borrowings-Unsecured loans repaid
	Mr. Anil Kumar Mittal	1,3761,566
	Mr. Arun Kumar GuptaMr. Anoop Kumar Gupta	1,566
		4,508

		(Am 0 1/D CS Jn 'R upees LSC!l y
S.No.	Particulars	Transactions with KMPs
II	BALANCES OUTSTANDING AT THE END OF THE YEAR
i	Unsecured borrowings-Current
	Mr. Anil Kumar Mittal	2,424
	Mr. Arun Kumar Gupta	1,794
	Mr. Anoop Kumar Gupta	2,711
	Ms. Priyanka Mittal	34
		6,963
ii	Employee related payables
	Mr. Anil Kumar Mittal	7
	Mr. Arun Kumar Gupta	3
	Mr. Anoop Kumar Gupta	6
	Ms. Priyanka Mittal	3
	Mr. Rakesh Mehrotra	1
	Mr. Raman Sapra	1
		21
iii	Other balances outstanding at the end of the year, net
	(Payable) /Receivable2
	Mr. Arun Kumar Gupta	0
	Mr. Anoop Kumar Gupta	(0)
	Mr. Rakesh Mehrotra	0
		0

1. As gratuity and compensated absences are computed for all the employees in aggregate, the amount relating to KMPs cannot be individually identified.

2. Amounts are below rounding off thresholds adopted by the Company.

3. Transactions are 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 year ended 31March2020, the outstanding amount of loan is Rs.39,308 lacs (previous year Rs.1,14,007 lacs)and Mr. Ashish Mittal (relative of key managerial personnel) 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.

TRANSACTIONS AND BALANCES WITH OTHER RELATED PARTIES ON CONSOLIDATED BASIS FOR THE YEAR ENDED ON 31 MARCH 2020

			{Amounts 1i1 R11nccs Lacs)
		Enterprises/Trusts over	Other Related
S.No.	Particulars	which significant influence	Parties
		is exerised bv KMPs
I	RELATED PARTY TRANSACTIONS ENTERED
	DURING THE YEAR
i	Purchase of goods 1
	I <hushi ,al<="" i="" lkhari="" ram="" td="">15-	15	-
		15	-
ii	Sale of goods1
	I <hushi bclrnri="" lal<="" ram="" td="">885-	885	-
		885	-
iii	Rent paid 1
	KRBL Infrastructure Limited	293	-
	I <rbi, 'oods="" ,imitcd<="" i="" j="" td="">651-</rbi,>	651	-
	J\dw~ r Warehousing Private Limited	150	-
	Holistk Farms Private I ,imitcd	48
	Mrs. l'rceti Mittal	-	2
	Mrs. J\nulika Gupta	-	16
	Mn;. Binita Gupta	-	2
	f\fr. J\shish Mittal	-	17
	1\noop Kumar Gupta HUF	-	14
		1,142	51
iv	Expense incurred (on behalf of company by others)/by
	company for others
	Khushi Ram behari la!	3	--
	,	3
v	Remuneration on A/ c of Salary & Perquisites		26
	Mr. Ashish MittalMr. Kuna! Gupta	-	26
	Mr. J\kshay Gupta	-	26
	Mr. Ayush Gupta	-	26
		-	104
vi	Electricity charges paid
	KRBL lnfrastucturc Limited	(19)	-
		(19)	-
vii	Repair and Maintainance paid'
	KRBL lnfrastucturc Limited	(68)	-
		(68)	-
viii	Sitting fees paid	-	2
	Mr. Vinod J\hujaMr. Ashwam Dua	-	II(j
	Mr. Shyam Arora	-	2
	Mr. Dcvcnc.lra Kumar /\f,>nrwal	-	2
	Mr. t\lok Sabharwal	--	11
	Mrs. l'riyanka Sarc.lana	-	8
ix	Dividend paid
	1\nil Mittal Family 'f'rnst	2,267	-
	Arnn Kumar Gupta Family Trust	2,201	-
	IAnunp Kumar Gupta Family 'l'rnst	2,059	-
	l\1n lt1 Gupta Family Trust	-	12
	Anil Kumar Mittal I IUF	-	191
	J\ rua Kumar Gupta I-JUI'	-	257
	t\ n.oop Kumar Gupta l·IUF	-	387
	i>n:cti Mittal"	-	0
	J\nulilm Gupta·'	-	0
	Bintll Gupta3	-	0
	Ncha Gupta3	-	0
	ltashl Gupta 3	-	0
	Ashish Mittal3	-	0
	Kunal Gupta3	-	0
	J\kshay Gupta3	-	0
	Ayush c;upta3	-	0
	--=-	6,527	847

			/Amounts in Runccs L1cs)
S.No.	Particu,lars	Enterprises/Trusts over	Other Related
		which significant influence	Parties
		is exerised by KMPs
x	Interest paid
	Khushi Ram Behari Lal	138	-
		138	-
xi	Discount allowed on sale of goods
	Khushi Ram Behari Lal	43	-
		43	-
xii	Advance received against supply of goods
	Khushi Ram Behari I ,al	(2,162)	-
		(2,162)	-
xiii	Advance received against supply of goods returned back
	Khushi Ram Behari Lal	2,300	-
		2,300	-

		(An101111ls in R upees L:1cs)
S.No.	Particulars	Enterprises/Trusts overwhich significant influenceis exerised by KMPs	Other RelatedParties
II	BALANCES OUTSTANDING AT THE END OF THEYEAR
i	Advance received from customers
	Khushi Ram Bchari Lal	588	-
		588	-
ii	Receivable on account of Security deposit/Prepaid Lease
	KRBL Infrastucture Limited	971	-
		971	-
iii	Payable on account of rentals
	KRBL Infrastucture Limited	(14)
		(14)
iv	Employee related payables
	Mr. Ashish Mittal	-	2
	Mr. Kuna! Gupta	-	1
	Mr. Akshay Gupta	-	1
	Mr. Ayush Gupta	-	1
v	Other balances payable at the end ofthe yeai	-	5
	Mr. Ashish Mittal	-	(0)
	Mr. Ayush Gupta	-	0
		-	0

I. 'I n1nsact1ons are 1nclus1ve of goods and service tax

1. As gratuity and compensated absences are computed for all the employees in aggregate, the amount relating to relatives of KMl's cannot be individually identified.

2. Amounts are below rounding off thresholds adopted by the Company.

3. Personal guarantee has been 1:,riven 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 year ended 31 March 2020, the outstanding amount of loan is Rs.39,308 lacs (previous year Rs.1,14,007 lacs)and Mr. Ashish Mittal (relative of key managerial personnel) to the extent of the immovable properties as specified in consortium agreement.

4. All related party transactions are at arms length price and in the ordinary course of business.