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Modern Thread (India) Ltd. Regulatory Filings 2021
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Regulatory Filings
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| Modern Threads (India) Limited
Registored Office : — Unit : Madern Woollens — . Hamirgarh Road, Pragati Path, Near Transport Nagar, . Bhilwara-311001 (Rajasthan) India Tel : 91-1482-241801, Fax : 297924, Email : [email protected] Website : www.modernwoollens.com CIN :L17115RJ1980PLC002075
To, , _ Date : August 03, 2021
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The Manager, The Manager, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex,
Mumbai - 400023 Bandra East, Mumbai-400051 Scrip Code: 500282 Scrip Code: MODTHREAD
Dear Sir/Madam,
Sub.: Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In terms of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith disclosure of Related Party Transactions, in the format specified in the accounting standards for the half year ended 30'" September, 2020. Marketing Office: 5, Bhima Building, Sir Pochkhanwala Road, Worli, Mumbai-400030
Please take the same on record.
Thanking You,
Yours faithfully, FOR Modern Threads (India) Limited
(Banwari Lal Saini) . Company Secretary and Compliance Officer
Encl : as above
. : 01 Woollens Division : Hamirgarh Road, Pragati Path, Near Transport Nagar, Bhilwara 311001 | e decluaal Yarn Division : Village Raila, District - Bhilwara-311024 (Rajasthan) Rajasthan)
MODERN THREADS (INDIA) LIMITED
CIN : L17115RJ1980PLC002075
Related party disclosure for the period from 01.04.2020 to 30.09.2020
- i) + Names and Relationship of related parties
a) Directors and Key Managerial personnel
- Shri Rajesh Ranka (Chairman and Managing Director)
- Smt. Veena Jain (Non-executive Non-Independent Director)
- Shri Laleet Kumar (Non-executive Non-Independent Director)
- Shri Jagdish Narayan Sharma (Independent Director)
- Shri Ram Rai Kabra (Independent Director)
- Shri Rohit Singh (Independent Director)
- Shri Prabodh Kumar Nahar (Chief Financial Officer)
- Shri Banwari Lal Saini (Company Secretary) Appointed w.e.f. 28/05/2020
- Shri Sitaram Sharma (Company Secretary) Resigned w.e.f. 27/05/2020
- b) Enterprises in which directors have significant influence: Indian Woollen mills Federation (Director) Modern Polytex Limited (Chairman & Managing Director) . Acharya Shri Nanesh Samta Vikas Trust (Trustee) H.M. Ranka Foundation (Trustee)
- Transactions with related parties and outstanding at the end of the year:
- , . _ Name of related parties and nature of the transactions (Rs. in Lakhs)
| MODERN THREADS (INDIA) LIMITED | |||
|---|---|---|---|
| CIN : L17115RJ1980PLC002075 | |||
| Related party disclosure for the period from 01.04.2020 to 30.09.2020 | |||
| Names and Relationship of related parties | |||
| Directors and Key Managerial personnel | |||
| Shri Rajesh Ranka (Chairman and Managing Director) | |||
| Smt. Veena Jain (Non-executive Non-Independent Director) | |||
| Shri Laleet Kumar (Non-executive Non-Independent Director) | |||
| Shri Jagdish Narayan Sharma (Independent Director)Shri Ram Rai Kabra (Independent Director) | |||
| Shri Rohit Singh (Independent Director)Shri Prabodh Kumar Nahar (Chief Financial Officer) | |||
| Shri Banwari Lal Saini (Company Secretary) Appointed w.e.f. 28/05/2020 | |||
| Shri Sitaram Sharma (Company Secretary) Resigned w.e.f. 27/05/2020 | |||
| Enterprises in which directors have significant influence: | |||
| Indian Woollen mills Federation (Director) | |||
| Modern Polytex Limited (Chairman & Managing Director) | |||
| Acharya Shri Nanesh Samta Vikas Trust (Trustee) | |||
| H.M. Ranka Foundation (Trustee) | |||
| Transactions with related parties and outstanding at the end of the year: | |||
| Name of related parties and nature of the transactions | (Rs. in Lakhs) | ||
| i. Directors and Key Managerial Personnel | Salaries and other Company's Contribution | ||
| employee benefits | to PF | ||
| Shri Rajesh Ranka (CMD) | 13.50 | 1.62 | |
| Shri Prabodh kumar Nahar (CFO) | 7.04 | 0.69 | |
| Shri Sitaram Sharma (CS) | 0.28 | 0.00 | |
| Shri Banwari Lal Saini (CS) | 2.70 | 0.21 | |
| ii. Sitting fees paid to Independent Directors | (Rs. in Lakhs) | ||
| Smt. Veena Jain | - | ||
| ShriJ.N. Sharma; | - | ||
| Shri Laleet Kumar | - | ||
| Shri Rohit Singh | - | ||
| Shri Ram Rai Kabra | : | ||
| Enterprises in which directors have significant influence: | (Rs. in Lakhs) | ||
| Modern Polytex LimitedPurchase of goods & services | - | ||
| Modern Polytex LimitedInterest''Acharya Shri Nanesh Samta Vikas Trust | - | ||
| Corporate social responsibilityExpenses | * | - | |
| Balance of related parties at the year end | (Rs. in Lakhs) |
| ii. Sitting fees paid to Independent Directors | (Rs. in Lakhs) |
|---|---|
| Smt. Veena Jain | - |
| ShriJ.N. Sharma; | - |
| Shri Laleet Kumar | - |
| Shri Rohit Singh | - |
b Enterprises in which directors have significant influence: (Rs. in Lakhs)
| Shri Jagdish Narayan Sharma (Independent Director) | ||||||
|---|---|---|---|---|---|---|
| Shri Ram Rai Kabra (Independent Director) | ||||||
| Shri Prabodh Kumar Nahar (Chief Financial Officer) | ||||||
| Shri Banwari Lal Saini (Company Secretary) Appointed w.e.f. 28/05/2020 | ||||||
| Shri Sitaram Sharma (Company Secretary) Resigned w.e.f. 27/05/2020 | ||||||
| b) | Enterprises in which directors have significant influence: | |||||
| Indian Woollen mills Federation (Director) | ||||||
| Modern Polytex Limited (Chairman & Managing Director) | ||||||
| Acharya Shri Nanesh Samta Vikas Trust (Trustee) | ||||||
| ii) | Transactions with related parties and outstanding at the end of the year: | |||||
| , | _ | Name of related parties and nature of the transactions | (Rs. in Lakhs) | |||
| a | i. Directors and Key Managerial Personnel | Salaries and other Company's Contribution | ||||
| employee benefits | to PF | |||||
| Shri Rajesh Ranka (CMD) | 13.50 | 1.62 | ||||
| Shri Prabodh kumar Nahar (CFO) | 7.04 | 0.69 | ||||
| Shri Sitaram Sharma (CS) | 0.28 | 0.00 | ||||
| Shri Banwari Lal Saini (CS) | 2.70 | 0.21 | ||||
| ii. Sitting fees paid to Independent Directors | (Rs. in Lakhs) | |||||
| Smt. Veena Jain | - | |||||
| ShriJ.N. Sharma; | - | |||||
| Shri Laleet Kumar | - | |||||
| Shri Rohit Singh | - | |||||
| b | Enterprises in which directors have significant influence: | (Rs. in Lakhs) | ||||
| Modern Polytex LimitedPurchase of goods & servicesModern Polytex LimitedInterest' | - | |||||
| - | ||||||
| Corporate social responsibility'Acharya Shri Nanesh Samta Vikas Trust* | - | |||||
| Expenses | ||||||
| Balance of related parties at the year end | (Rs. in Lakhs) | |||||
| Modern Polytex Limited (Trade Payable) | 754.82 | |||||
Terms and conditions:
All the transactions with related parties were made on normal commercial terms and conditions and at market rates. Gratuity and n-availed leave are determined actually on overall company basis at the end of each year and accordingly have not been considered in remuneration.
