Modipon Ltd. — Regulatory Filings 2021

Nov 19, 2021

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Modipon Limited

Hapur Road, Modinagar, Ghaziabad -201 204 (UP) Phone (01232) 243471

Dated: 17[th ] November 2021

To

The BSE Limited The Listing Department 25[th] Floor, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai-400 001

SUB: STATEMENT OF RELATED PARTY TRANSACTIONS UNDER REGULATION 23 (9) OF THE SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 FOR THE HALF YEAR ENDED 30th SEPTEMBER, 2021

Ref: - Scrip Code: 503776

Dear Sir/ Ma’am,

Pursuant to Regulation 23 (9) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed a statement of Related Party Transactions for the half year ended September 30, 2021.

This is for your information and records.

Thanking You,

Yours faithfully,

For MODIPON LIMITED

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Vineet Kumar Thareja (Company Secretary and Compliance Officer)

Encl: As above

Disclosure of Related parties/ Related parties transactions :

a) List of Related Parties and relationships

Name of the relatedparty	Name of the relatedparty	Nature of relationship
1. Ashoka Mercantile Limited(AML)		Enterprises owned or significantly influenced by individual or their relatives, who have control or significant influence over the company and with whom transactions have taken place during the year.
2. Modi Industries Limited(MIL)
3. Weld Excel India Limited(WEIL)
4. Modi Intercontinental Pvt. Ltd.(MIPL)
5. Modi Rubber Ltd.
6. Modi SPG & WVG Mills Co. Ltd
7. Modi Sugar Works
8. Status Mark Finvest Ltd
9. DaisyInvestment Pvt. Ltd.
		Key Management Personnel
1. Manish Modi- MD & Chariman
2. Vineet Kumar Thareja - CS & CFO
3. Aditee Modi - Director

1. Manish Modi- MD & Chariman Key Management Personnel 2. Vineet Kumar Thareja - CS & CFO 3. Aditee Modi - Director

b)

Transactions during the year with related party

Transactions during the year with related party	Transactions during the year with related party	Transactions during the year with related party	Transactions during the year with related party	Transactions during the year with related party
(Amount` in Lakhs)
	Particulars	Enterprise having significant Influence	Key Management Personnel	Total
i)	Director's Remuneration	-	- -	-
ii)	Expenses realised	-	- -	-
(iii)	Loan Taken	43.19	- -	43.19
(iv)	Loan Repaid	123.07	- -	123.07
(v)	Interest on Loan	-	- -	-
(vi)	Equity Share Capital Issued	-	- -	-
(vii)	Reimbursement Received	-	- -	-
(viii)	Reimbursement Paid	-	- -	-

b)

Details of outstanding balance amount with related parties

||||(Amountin Lakhs)**|**(Amount in Lakhs)|(Amount` in Lakhs)|
|---|---|---|---|---|---|
|Name of the related party||Nature of relationship|Amount outstanding as on:|||
||||31-Mar-21|Transcation 6
month|30-Sep-21|
|1. Ashoka Mercantile Limited(AML)||Enterprise having
significant Influence|(1,233.52)|101.78|(1,131.74)|
|2. Weld Excel India Limited(WEIL)|||14.48||14.48|
|3. Modi Intercontinental Pvt. Ltd.(MIPL)|||(164.00)|-|(164.00)|
|4. Modi Rubber Ltd.|||44.16||44.16|
|5. Modi SPG & WVG Mills Co. Ltd|||64.55||64.55|
|6. Modi Sugar Works|||2.16||2.16|
|7. Status Mark Finvest Limited|||(1,932.34)|(21.90)|(1,954.24)|
|8. Modi Mangal Estate Private Limited|||0.10||0.10|
|||||||
|||Key Management
Personnel|||-|
|1. Manish Modi- MD & Chairman|||||-|
|2. Vineet Kumar Thareja - CS & CFO|||||4.38|