Mindteck (India) Ltd — Interim / Quarterly Report 2021

Dec 11, 2020

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Mindteck (India) Limited

(CIN: L30007KA1991PLC039702) AMR Tech Park, Block 1, 3rd Floor #664, 23/24, Hosur Road, Bommanahalli Bengaluru - 560068. India

Tel: +91 80 4154 8000/4154 8300 Fax: +91 80 4112 5813

www.mindteck.com

Ref: MT/SSA/2020-21/31 December 11, 2020

Scrip Code: 517344 Symbol: “Mindteck”

To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Mumbai – 400 051

Dear Sir/Madam,

Subject: Submission of Related Party Transactions on Consolidated basis for the Half year ended September 30, 2020 pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith disclosure of Related Party Transactions on a consolidated basis for the Half year ended on September 30, 2020.

You are requested to take the same on your record.

Thanking you, Yours Truly,

For Mindteck (India) Limited

Shivarama

Adiga S. Shivarama Adiga S.

Digitally signed by Shivarama Adiga S. DN: cn=Shivarama Adiga S., o=Mindteck (India) Limited, ou=Legal and SecretarialRegistered Office, email=shivarama.adiga@mindteck.com, c=US Date: 2020.12.11 13:31:07 +05'30'

VP, Legal and Company Secretary

UNITED STATES INDIA SINGAPORE MALAYSIA BAHRAIN UNITED KINGDOM

MINDTECK (INDIA) LIMITED

Notes to the consolidated financial statements for the six months ended September 30, 2020

(All amounts in Rs. lakhs, unless otherwise stated)

Related party disclosures

(i) Names of related parties and description of relationship:

A.	Enterprises who exercise control
	Transcompany Ltd., British Virgin Islands (BVI) - Ultimate holding company
	Embtech Holdings Ltd., Mauritius - Holding company

B.	Enterprises in which relative of an Independent Director is a Partner
	CounsePro
C.	Key management personnel
	Meenaz Dhanani	Non-Executive Director
	Sanjeev Kathpalia	Non-Executive Director (Ceased to be Managing Director and
		Chief Executive Officer w.e.f. March 01, 2020 and continued to
		remain on the Board as a Non-Executive Director. Subsequently,
		resigned with effect from March 12, 2020)
	Anand Balakrishnan	Managing Director and Chief Executive Officer (Appointed as an
		Additional Director w.e.f. February 14, 2020 and was elevated to
		the position of MD & CEO w.e.f. March 01, 2020)
		Chief Financial Officer (Appointed as an Interim CFO	w.e.f.
		August 13, 2019 and ceased to be Interim CFO w.e.f. March 01,
	Jagdish Malkani	Independent Director
	Guhan Subramaniam	Independent Director
	Prochie Mukherji	Independent Director
	Satish Menon	Independent Director
	Subhash Bhushan Dhar	Independent Director
	Yusuf Lanewala	Chairman
	Ramachandra Magadi	Chief Financial Officer (Appointed as the Chief Financial Officer
		w.e.f. March 01, 2020)
	Prashanth Idgunji	Chief Financial Officer (Resigned
		with effect from July 29,2019)
	Shivarama Adiga S.	Company Secretary

(ii) Related party transactions:

a) b)	Particulars	Six months ended September 30, 2020
	Professional charges: CounsePro Total Transactions with the key management persons for the year ended are as follows: Compensation of key management personnel of the Group Short-term employee benefits Share-based payment transactions Benefits paid to non-executive directors / independent directors Total*	13
		13
		183 4 24
		211

• The remuneration to the key managerial personnel does not include the provision/ accruals made on best estimate basis as they are determined for the Group as a whole.

Shivarama Adiga S.

Digitally signed by Shivarama Adiga S. DN: cn=Shivarama Adiga S., o=Mindteck (India) Limited, ou=Legal and SecretarialRegistered Office, email=shivarama.adiga@mindteck.com, c=US Date: 2020.12.11 13:31:31 +05'30'