MT EDUCARE LIMITED — Audit Report / Information 2020

Dec 12, 2019

MTEL / 2019-20/042

December 12, 2019

Scrip Code: 534312	Scrip Code: MTEDUCARE
Mumbai- 400001	Bandra-Kurla Complex, Bandra (East),Mumbai - 400 051
Dalal Street, Fort,
Phiroze Jeejeebhoy Towers,Exchange Plaza, Plot no. C/1, G Block,
The BSE Limited	National Stock Exchange of India Ltd.
Manager (CRD)	Manager - Listing Department

Dear Sir/Madam,

Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the SEBI (LODR) Regulations, 2015

In accordance with Regulation 23(9) of the Listing Regulations 2015, we are enclosing herewith the disclosure of Related Party Transactions on a consolidated basis for the half year ended September 30, 2019.

The said disclosure has also been published on the website of the Company. This is for your information and records.

Thanking you

Yours faithfully, For MT Educare Limited

Ravindra Mishra Company Secretary

MT Educare Limited

Related Party Disclosures

(A) Names of related parties and description of relationship as identified and certified by the Company:

Description of relationship	Names of related parties
Holding Company	Zee Learn Limited
Subsidiary companies	Chitale's Personalised Learning Private Limited
	MT Education Services Private Limited
	Lakshya Forrum for Competitions Private Limited (formerly known as
	Lakshya Educare Private Limited)
	Sri Gayatri Educational Services Private Limited
	Robomate Edutech Private Limited
	Letspaper Technologies Private Limited
	Labh Ventures India Private Limited (wef 1 September 2018)
	Mr. Mahesh Shetty (Whole-time Director)
	Mr. Debshankar Mukhopadhyay (Executuve Director) (from 09 August 2018 to 26 September 2019)
Key Management Personnel (KMP)	Mr. Debshankar Mukhopadhyay (Managing Director) (from 26 September 2019)
	Mr. Roshan lal Kamboj (Non Executive Independent Director) (from 26 September 2019)
	Mr. Sanjeev Garg (Whole-time Director and Chief Executive Officer) (from 26 September 2019)
	Mr. Himanshu Mody (Non Executive Chairman)
	Mr. Ajey Kumar (Executive Director) (upto 26 September 2019)
	Dr. Manish Agarwal (Non Executive Independent Director)
	Dr. Sangeeta Pandit ( Non Executive Independent Director)
	Mr. Sandesh Naik (Chief Financial Officer)
	Mr. Mandar Chavan (Company Secretary)
Enterprises in which KMP can exercise significant	Mahesh Tutorials Chembur
influence	Mahesh Tutorials Mulund
Other related parties	Diligent Media Corporation Limited

(B) Details of related party transactions during the period ended 30 Sep, 2019 and balances outstanding as at 30 Sep, 2019:

	(₹ in lakhs)
Particulars	As at 30 September2019
Transactions entered during the period:
KMP Remuneration	105.39
Sitting fees paid to Non Executive Directors
Sangeeta Pandit	0.70
Manish Agarwal	0.70
	1.40
Professional fees expenses
Zee Learn Limited	60.00
	60.00
Advertising expenses
Diligent Media Corporation Limited	0.42
	0.42
Rent expense
Mahesh Tutorials Chembur	30.32
Mahesh Tutorials Mulund	9.91
Mr.Mahesh Shetty	3.50
	43.73

Outstanding at the end of the period:
Sitting fees paid to Non Executive Directors
Sangeeta Pandit	0.40
Manish Agarwal	0.40
	0.80
Deposit for premises
Mahesh Tutorials Chembur	40.63
Mahesh Tutorials Mulund	11.28
Mr. Mahesh Shetty	8.32
	60.23
Rent payable
Mahesh Tutorials Chembur	10.06
Mahesh Tutorials Mulund
Mr. Mahesh Shetty	1.26
	11.32
Rent receivable
Mahesh Tutorials Mulund	5.35
	5.35
KMP remuneration payable	22.63
Professional fee payable
Zee Learn Limited	133.87
	133.87

$AR$