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Lumax Auto Technologies Ltd. Interim / Quarterly Report 2020
62451_rns_2020-07-16_efd4bf74-d20d-4e6f-ac7f-6c6d5272af70.pdf
Interim / Quarterly Report
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LATL:CS:REG.23:2020-21 Date : 16.07.2020
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400 001 Bandra Kurla Complex,
BSE Limited National Stock Exchange of India Limited Listing Compliance Department Listing Compliance Department Bandra (E), Mumbai — 400051
Company Code : 532796 Company Code : LUMAXTECH
Subject: Submission of Half Yearly disclosure on Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/Ma'am,
In compliance with the Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find appended hereto the Half Yearly disclosure on Related Party Transactions on consolidated basis prepared in accordance with the applicable Accounting Standards for the half year ended 31% March, 2020.
The aforesaid disclosure will also be made available on the website of the Company at www.lumaxworld.in/lumaxautotech.
You are requested to take the same on records and oblige.
Thanking you,
Yours faithfully, For,.LUMAX AUTO TECHNOLOGIES LIMITED
Encl.: as stated above
Lumax Auto Technologies Limited
2™ Floor, Harbans Bhawan-il, E [email protected] Commercial Complex, Nangal Raya, : DK JAIN
Regd. Office: T +91 11 4985 7832 x
HALF YEARLY DISCLOSURE OF RELATED PARTY TRANSACTIONS - CONSOLIDATED BASIS for the Half year ended 31st March 2020
as amended from time to time. In pursance with Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations 2015,
A. Name of Related parties and Relationship :
| S. No. | Relationship | Name of Related Parties |
|---|---|---|
| 1 | Key Management Personnel | Mr.Dhanesh Kumar Jain (Chairman) |
| Mr.Anmol Jain (Managing Director) | ||
| Mr. Shuji Horie (Director) | ||
| Mr. Naval Khanna (Director) | ||
| Mr. Sanjay Mehta (Director) | ||
| 2 | Relatives of Key Management Personnel | Mr.Deepak Jain ( Son of Mr. D.K. Jain , Brother of Mr. Anmol Jain) |
| Mrs. Shivani Jain ( Wife of Mr. Anmol Jain ) | ||
| Mrs. Poysha Goyal Jain (Wife of Deepak Jain) | ||
| Mrs. Usha Jain ( Wife of Mr.D.K.Jain) | ||
| 3 | Joint Venture | Lumax Ituran Telematics Private Limited |
| 4 | Step down subsidiary companies (subsidiary of "LIV") | Lumax Energy Solutions Private Limited ( "LESPL" ) |
| Velomax Mobility Private Limited. | ||
| 5 | Associates of Step down subsidiary (Associates of "LIV") | Lumax Sipal Engineering Private Limited |
| Enterprises owned or significantly influenced by KeyManagement Personnel and / or their relatives | Lumax Industries Limited | |
| Lumax Finance Private Limited | ||
| Lumax Ancillary Limited | ||
| Mahavir Udyog | ||
| D. K. Jain & Sons | ||
| 6 | Bharat Enterprises | |
| Dhanesh Kumar Jain & Family Trust | ||
| Lumax Tours & Travels Limited | ||
| Lumax Charitable Foundation | ||
| Mannoh Industrial Co. Ltd. | ||
| PT MTAT Indonesia | ||
| Officine Mettalurgiche G. Cornaglia SPA (Italy) | ||
| Cor-Filters (Itlay) | ||
| M&T Allied Technologies Co. Ltd. |
Statements of Related Parties ( Consolidated ) Transactions for the 2nd Half Year ened 31st March 2020 ( October 19 to March 20) ( All amounts are presented in Rs. Lakhs , unless otherwise stated)
| Particulars | Key ManagementPersonnel | Relatives of KeyManagementPersonnel | Enterprises owned orsignificantly influencedby Key ManagementPersonnel or theirrelatives | Joint Venture | TOTAL |
|---|---|---|---|---|---|
| Sale of Raw Materials and Components | |||||
| Lumax Industries LtdLumax Ancillary Ltd | -- | -- | 73.1819.11 | -- | 73.1819.11 |
| Bharat Enterprises | - | - | 1.33 | - | 1.33 |
| M&T Allied Technologies Co. Ltd. | - | - | 3.71 | - | 3.71 |
| Mannoh Industrial Co. Ltd.PT MTAT Indonesia | -- | -- | 1.792.26 | -- | 1.792.26 |
| Total | - | - | 101.38 | - | 101.38 |
| Sale of Traded Goods | |||||
| Lumax Industries LtdLumax Ancillary Ltd | -- | -- | -- | -- | -- |
| Lumax Charitable Foundation | - | - | - | - | - |
| Total | - | - | - | - | - |
| Sale of Finished Goods | |||||
| Lumax Industries LtdLumax Ancillary Ltd | -- | -- | 6,066.83503.08 | -- | 6,066.83503.08 |
| Officine Mettalurgiche G. Cornaglia SPA (Italy) | 4.90 | - | 4.90 | ||
| Cor-Filters (Italy) | - | - | 46.74 | - | 46.74 |
| Total | - | - | 6,621.55 | - | 6,621.55 |
| Sale of Capital GoodsLumax Ancillary Ltd | - | - | 0.24 | - | 0.24 |
| Lumax Industries Ltd | - | - | 11.31 | - | 11.31 |
| Total | - | - | 11.55 | - | 11.55 |
| Availling of Services | |||||
| Lumax Industries LtdLumax Tours & Travels Ltd | -- | -- | 11.58102.37 | -- | 11.58102.37 |
| Lumax Ancillary Ltd | - | - | 12.28 | - | 12.28 |
| Lumax Sipal Engineering Private Limited | - | - | - | ||
| Total | - | - | 126.23 | - | 126.23 |
| Rendering of ServicesLumax Ancillary Ltd | - | - | - | - | - |
| Lumax Industries Ltd | - | - | 644.47 | - | 644.47 |
| Bharat Enterprises | - | - | - | - | - |
| Lumax Tours & Travels Ltd | - | - | 0.88 | - | 0.88 |
| Mahavir UdyogTotal | -- | -- | 7.25652.59 | -- | 7.25652.59 |
| Rent Received | |||||
| Lumax Tours & Travels Ltd | - | - | 3.54 | - | 3.54 |
| Lumax Industries Ltd | - | - | 241.82 | - | 241.82 |
| TotalRent Paid | - | - | 245.36 | - | 245.36 |
| Mrs. Usha Jain | - | - | - | - | - |
| Lumax Industries Ltd | - | - | 3.15 | - | 3.15 |
| Mr.D.K.Jain | 16.91 | - | - | - | 16.91 |
| TotalPurchases of Raw Materials and Components | 16.91 | - | 3.15 | - | 20.05 |
| Bharat Enterprises | - | - | 169.12 | - | 169.12 |
| Lumax Industries Ltd | - | - | 522.90 | - | 522.90 |
| Lumax Ancillary Ltd | - | - | 3,087.96 | - | 3,087.96 |
| Mahavir UdyogM&T Allied Technologies Co. Ltd. | -- | -- | 0.6231.10 | -- | 0.6231.10 |
| PT MTAT Indonesia | - | - | - | - | - |
| Mannoh Industrial Co. Ltd. | - | - | 0.27 | - | 0.27 |
| Officine Mettalurgiche G. Cornaglia SPA (Italy)Cor-Filters (Italy) | -- | -- | 39.36- | -- | 39.36- |
| Total | - | - | 3,851.33 | - | 3,851.33 |
| Purchases of Finished Goods | |||||
| Bharat Enterprises | - | - | - | - | - |
| Lumax Industries Ltd | - | - | 3,446.40 | - | 3,446.40 |
| Lumax Ancillary LtdTotal | -- | -- | 789.824,236.22 | -- | 789.824,236.22 |
| Purchases of other | |||||
| Lumax Industries Ltd | - | - | 2.53 | - | 2.53 |
| Lumax Ancillary LtdTotal | -- | -- | 0.242.77 | -- | 0.242.77 |
| Reimbursement of Expenses | |||||
| Bharat Enterprises | - | - | - | - | - |
| Lumax Industries Ltd | - | - | 250.13 | - | 250.13 |
| Lumax Ancillary LtdLumax Management Services Pvt. Ltd | -- | -- | 17.49- | -- | 17.49- |
| Lumax Charitable Foundation | - | - | - | - | - |
| Lumax Tours & Travels Ltd | - | - | 2.56 | - | 2.56 |
| Total | - | - | 270.18 | - | 270.18 |
| Purchase of Packing MaterialLumax Industries Ltd | - | - | 0.65 | - | 0.65 |
| Lumax Ancillary Limited | - | - | - | - | - |
| Mahavir Udyog | - | - | 7.06 | - | 7.06 |
| Total | - | 7.71 | 7.71 | ||
| Other Reimbursement to/(from)Bharat Enterprises | - | - | (0.28) | - | (0.28) |
| Lumax Industries Ltd | - | - | (35.77) | - | (35.77) |
| Lumax Ancillary Ltd | - | - | 2.55 | - | 2.55 |
| Lumax Charitable Foundation | - | - | 5.32 | - | 5.32 |
| Lumax Finance Private LimitedLumax Tours & Travels Ltd | -- | -- | (0.57)0.13 | -- | (0.57)0.13 |
| Officine Mettalurgiche G. Cornaglia SPA (Italy) | 50.24 | - | 50.24 | ||
| Mannoh Industrial Co. Ltd. | - | - | (1.42) | - | (1.42) |
| Total | - | - | 20.21 | - | 20.21 |
| CSR ExpenditureLumax Charitable Foundation | - | - | 144.57 | - | 144.57 |
| Total | - | - | 144.57 | - | 144.57 |
| Investments Made | |||||
| Lumax Ituran Telematics Private LimitedLumax JOPP Allied Technologies Pvt. Ltd. | -- | -- | -- | 59.46- | 59.46- |
| Total | - | - | - | 59.46 | 59.46 |
Statements of Related Parties ( Consolidated ) Transactions for the 2nd Half Year ened 31st March 2020 ( October 19 to March 20) ( All amounts are presented in Rs. Lakhs , unless otherwise stated)
| Particulars | Key ManagementPersonnel | Relatives of KeyManagementPersonnel | Enterprises owned orsignificantly influencedby Key ManagementPersonnel or theirrelatives | Joint Venture | TOTAL |
|---|---|---|---|---|---|
| Royalty Paid | |||||
| Mannoh Industrial Co. Ltd.Total | -- | -- | 138.12138.12 | -- | 138.12138.12 |
| Technical Fees | |||||
| Mannoh Industrial Co. Ltd. | - | - | 6.15 | - | 6.15 |
| Officine Mettalurgiche G. Cornaglia SPA (Italy) | - | - | - | - | - |
| TotalManagerial Remuneration | - | - | 6.15 | - | 6.15 |
| Mr.Anmol Jain | 89.18 | - | - | - | 89.18 |
| Mr.D.K.Jain | 117.57 | - | - | - | 117.57 |
| Mr. Deepak Jain | - | 7.74 | - | - | 7.74 |
| Mrs. Shivani JainMrs. Poysha Goyal Jain | -- | 88.7590.94 | -- | -- | 88.7590.94 |
| Mr. Sanjay Mehta | 69.91 | - | - | - | 69.91 |
| Mr. Naval Khanna | 42.73 | - | - | - | 42.73 |
| Mr. Shuji Horie | 48.18 | - | - | - | 48.18 |
| TotalCommission Paid | 367.56 | 187.42 | - | - | 554.99 |
| Mr. Anmol Jain | 61.98 | - | - | - | 61.98 |
| Mr. D.K.Jain | 23.62 | - | - | - | 23.62 |
| Mrs. Shivani Jain | - | 73.82 | - | - | 73.82 |
| Mrs. Poysha Goyal JainMr. Deepak Jain | -- | 71.6434.12 | -- | -- | 71.6434.12 |
| Total | 85.61 | 179.58 | - | - | 265.19 |
| Dividend Paid | |||||
| Mr.Anmol Jain | 199.71 | - | - | - | 199.71 |
| Mr.D.K.JainMr.Deepak Jain | -- | -200.21 | -- | -- | -200.21 |
| Mrs. Usha Jain | - | - | - | - | - |
| Mrs.Shivani Jain | - | - | - | - | - |
| D.K.Jain And Family Trust | - | - | 4.08 | - | 4.08 |
| D.K.Jain And Sons (HUF)Lumax Finance Pvt. Ltd. | -- | -- | 118.62242.23 | -- | 118.62242.23 |
| Mannoh Industrial Co. Ltd. | - | - | (78.31) | - | (78.31) |
| Total | 199.71 | 200.21 | 286.61 | - | 686.52 |
| Dividend Received | |||||
| Lumax Industries LtdLumax DK Auto Industries Ltd | -- | -- | 91.88- | -- | 91.88- |
| Lumax Mannoh Allied Technologies Ltd | - | - | - | - | - |
| Total | - | - | 91.88 | - | 91.88 |
| BALANCE AT THE YEAR END | |||||
| ReceivablesMr. Naval Khanna | - | - | - | - | - |
| Mr. Sanjay Mehta | 9.50 | - | - | - | 9.50 |
| Mahavir Udyog | - | - | 3.00 | - | 3.00 |
| Bharat Enterprises | 0.46 | - | 0.46 | ||
| Lumax Industries LtdLumax Ancillary Ltd | -- | -- | 4,709.27246.34 | -- | 4,709.27246.34 |
| Lumax Tours & Travels Ltd | - | - | 2.03 | - | 2.03 |
| Mannoh Industrial Co. Ltd. | - | - | 0.64 | - | 0.64 |
| PT MTAT IndonesiaOfficine Mettalurgiche G. Cornaglia SPA (Italy) | - | - | 6.364.90 | -- | 6.364.90 |
| Cor-Filters (Italy) | 62.71 | - | 62.71 | ||
| Lumax Finance Pvt. Ltd | - | - | - | - | - |
| Total | 9.50 | - | 5,035.71 | - | 5,045.21 |
| Investment | |||||
| Lumax Industries LtdLumax Ancillary Ltd. | - | - | 4,554.64459.52 | -- | 4,554.64459.52 |
| Lumax Management Services Pvt. Ltd | - | - | - | - | - |
| Lumax FAE Technologies Pvt. Ltd. | - | - | - | - | - |
| Lumax JOPP Allied Technologies Pvt. Ltd. | - | - | - | - | - |
| Lumax Yokowo Technologies Pvt. Ltd.Total | -- | -- | -5,014.16 | -- | -5,014.16 |
| Payables | |||||
| Bharat Enterprises | - | - | 47.17 | - | 47.17 |
| Lumax Ancillary Ltd | - | - | 1,453.05 | - | 1,453.05 |
| Lumax Industries LtdLumax Tours & Travels Ltd | -- | -- | 395.0913.06 | -- | 395.0913.06 |
| Mahavir Udyog | - | - | - | - | - |
| Officine Mettalurgiche G. Cornaglia SPA (Italy) | - | - | 201.21 | - | 201.21 |
| Cor-Filters (Italy) | - | - | - | - | - |
| Mannoh Industrial Co. Ltd.M&T Allied Technologies Co. Ltd. | -- | -- | 9.8115.65 | -- | 9.8115.65 |
| PT MTAT Indonesia | - | - | 0.55 | - | 0.55 |
| Mr.Anmol Jain | 129.10 | - | - | - | 129.10 |
| Mr.D.K. Jain | 96.70 | - | - | - | 96.70 |
| Mr.Deepak JainMrs. Usha Jain | -- | 50.00- | -- | -- | 50.00- |
| Mrs. Shivani Jain | - | - | - | - | - |
| Mrs. Poysha Goyal Jain | - | - | - | - | - |
| Mr. Naval Khanna | 3.08 | - | - | - | 3.08 |
| Mr. Sanjay MehtaMr. Shuji Horie | 5.97- | -- | -- | -- | 5.97- |
| Total (Payables) | 234.85 | 50.00 | 2,135.60 | - | 2,420.45 |
Dated : 16.07.2020 Chief Financial Officer For Lumax Auto Technologies Limited ( Ashish Dubey )
Place : Pune