MOIL Limited — Regulatory Filings 2021

Jun 8, 2021

Regd. Off.: MOIL Bhawan, 1A Katol Road, NAGPUR – 440 013 Website: www.moil.nic.in, E-Mail ID: compliance@moil.nci.in, Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: L99999MH1962GOI012398

CS/NSE-BSE/2021-22/ Date 08.06.2020

To, The GM (Listing), National Stock Exchange of India Ltd, Exchange Plaza, Plot No.C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400053

To, Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Sub: Disclosure of Related Party Transactions for the half year ended–March, 2021.

Stock Code: NSE – MOIL & BSE - 533286

Dear Sir /Madam,

In compliance with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Related Party Transactions in accordance with the applicable accounting standards, for the half year ended March, 2021. The related party transactions are part of the notes on accounts for the year ended on 31st March, 2021.

This is for your information and records.

Thanking you,

Yours faithfully, For MOIL Limited

(Neeraj Dutt Pandey) Company Secretary-cum-Compliance Officer

Encl: As above

Transactions with related parties – Disclosures of transactions with related parties as per Ind AS 24 / Companies Act, 2013 are as under.

(1) List of related parties and relationship

(a)	Key managerial personnel	Designation
i	Shri M. P. Chaudhari	Chairman-cum-Managing Director and CEO
ii	Shri T. K. Pattnaik (upto 31.07.2020)	Director (Commercial)
iii	Shri Dipankar Shome	Director (Production & Planning)
iv	Shri Rakesh Tumane	Director (Finance) and CFO
v	Smt. Usha Singh	Director (Human Resource)
vi	Shri P.V.V. Patnaik (w.e.f. 01.08.2020)	Director (Commercial)
vii	Shri N. D. Pandey	Company Secretary

(b) Joint venture companies

• i SAIL & MOIL Ferro Alloys Pvt. Ltd.
• ii RINMOIL Ferro Alloys Pvt. Ltd.

( c) Employees benefit trust

• i MOIL Group Superannuation Cash Accumulation Scheme (Defined Contribution) Fund (Superannuation fund)
• ii MOIL Group Gratuity cum Life Assurance Scheme (Gratuity Trust)
• (2) Transactions during the year with related parties stated in (i) (a) above :

` in lakhs

As per Ind AS 24 compensation to Key management personnel :

		FY 2020-21	FY 2019-20
Particulars
1(a) Short term employee benefits		368.84	415.24
(b) Post-employment benefits		18.77	15.47
(c) Other long term benefits		0.00	0.00
(d) Termination benefits		11.37	47.55
(e) Share-based payment		0.00	0.00
	TOTAL	398.98	478.26

2	Related party transactions during the period covered by the financial statement		` in lakhs
	Particulars	Unsecured		Secured
		31.03.2021	31.03.2020	31.03.2021	31.03.2020
A	Company Secretary
	(a) The amount of the transactions	3.15	0.65	3.00	3.00
	(b)Theamountofoutstandingbalances,including commitments and	1.16	0.65	0.08	0.53
	(i)Theirtermsandconditions,includingwhethertheyaresecured,andnatureoftheconsideration to be provided in settlement, and			instalments	Principal repayment in 80
	(ii) Details of any guarantee given or received			Surety bond received
	(c)Provisions for doubtful debts related to theamount of outstanding balances and	0.00	0.00	0.00	0.00
	(d)The expenses recongnised during the periodin respect of bad or doubtful debts due fromrelated parties	0.00	0.00	0.00	0.00
B	Advances to Joint Venture Companies	OB 01.04.2020	Received	Charged as loss	CB 31.03.2021
	SAIL&MOIL Ferro Alloys Pvt Ltd	400.00	122.37	277.63	0.00
		OB 01.04.2020	Addition	Charged as loss	CB 31.03.2021
	RINMOIL Ferro Alloys Pvt Ltd.	33.21	36.32	69.53	0.00
C	Investment in Joint Venture Companies	OB 01.04.2020	Addition	Charged as loss	CB 31.03.2021
	SAIL&MOIL Ferro Alloys Pvt Ltd	10.00	0.00	10.00	0.00
		OB 01.04.2020	Addition	Charged as loss	CB 31.03.2021
	RINMOIL Ferro Alloys Pvt Ltd.	12.00	0.00	12.00	0.00
D	Store Building received from RINMOIL Ferro Alloys Pvt Ltd has been capitalised on 09.03.2021 at carrying cost of `13.34 lakhs.