Nitco Ltd. — Interim / Quarterly Report 2021

Dec 3, 2020

Date: 3rd December, 2020

To,

Corporate Service Dept.	The Listing Department,
Bombay Stock Exchange Limited	National Stock Exchange of India Limited
Jeejeebhoy Towers	Exchange Plaza, Bandra Kurla Complex,
Dalal Street,	Bandra (E),
Mumbai –400 001	Mumbai –400 051
Script code: 532722	Script code: NITCO

Dear Sir/Madam,

Sub: Disclosure of Related Party Transactions for the half year ended 30th September, 2020 pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015

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

This is for your information and record.

Yours faithfully, For NITCO Limited

PUNEET ASHOK MOTWANI Digitally signed by PUNEET ASHOK MOTWANI DN: c=IN, o=Personal, title=1752, pseudonym=04913b39af873531a295e4efe06574 15d11e0eb8c975e787401da8e7040e3397, postalCode=400050, st=Maharashtra, serialNumber=e5cad98cfd24de3726066fdfaa0aff a081c6f46c029e402765ee6085e6a92fd4, cn=PUNEET ASHOK MOTWANI Date: 2020.12.03 13:44:47 +05'30'

Puneet Motwani

Company Secretary & Compliance Officer

NITCO LIMTIED

Related Party Disclosures for Nitco Limited on a consolidated basis – Half year ended September 30, 2020.

Related party disclosures as required by IND As 24 "Related Party Disclosures" are given below:

(A) List of related parties:

Key Management Personnel (KMP)
Mr. Vivek Talwar – Chairman & Managing Director	Mr. Rajeshbhai J Likhiya – Director of New VardhmanVitrified Pvt. Ltd.
Mr. Rameshchandra Mithalal Derasariya – Director of
New Vardhman Vitrified Pvt. Ltd.

List of other related parties

Entity having significant influence over the Company
Aurella Estate & Investment Pvt. Ltd.

Post - Employment benefit plans
Nitco Limited Employees Group Gratuity Schemes	Nitco Tiles Ltd. Superannuation Fund

Relative of Key Management Personnel (KMP)
Anjali Talwar	Khushbuben Rameshbhai Derasariya
Rohan Talwar	Meenaben C. Gandhi
Poonam Talwar	Nayna Pravinbhai Mehta
Abhishek Sureshbhai Mehta	Payal Vishal Gandhi
Ashvinbhai Raghavjibhai Jivani	Pravinchandra Sevantilal Sheth - HUF
Dhirubhai Bhurabhai Boda	Rajesh S. Shah
Hardik Rajeshbhai Likhiya	Rameshbhai Babulal Bhadja
Hina Yogesh Gandhi	Sadhna Sureshbhai Mehta
Jayesh Mavjibhai Chaniyra	Utsav V Mehta
Karan Pravinbhai Shah

Entities where control / significant influence by KMPs and their relatives exist
Eden Garden Builders Pvt. Ltd.	Nitco Tiles & Marble Industries (Andhra) Pvt. Ltd.
Enjoy Builders Pvt. Ltd.	Nitco Sales Corporation Delhi
Lavender Properties Pvt. Ltd.	Nitco Tiles Sales Corporation
Prakalp Properties Pvt. Ltd.	Northern India Tiles Sales Corporation
Rang Mandir Builders Pvt. Ltd.	Gem manufacturing India Pvt. Ltd.
Usha Kiran Builders Pvt. Ltd.	Unique Cera Tileware Pvt. Ltd.
Saisha Trading LLP	Multistone Granito Pvt. Ltd.
IB Hospitality Pvt. Ltd.	Patidar Power Pvt. Ltd.
Watco Trading Private Limited	Vardhman Vitrified Pvt. Ltd.
Watco Engineering Pvt. Ltd.	Nilcity Plast Pvt. Ltd.

(B) Transactions with Related Parties:

		For the half year ended September 30, 2020			For the half year ended September 30, 2019
Transaction	KeyManagementPersonnel	Entities wherecontrol/significantinfluence byKMPs and theirrelatives exist	Postemploymentbenefit plan	Total	KeyManagementPersonnel	Entities wherecontrol/significantinfluence byKMPs andtheir relativesexist	Postemploymentbenefit plan	Total
Other Expenses
IB Hospitality Pvt.Ltd.		0.82		0.82		0.43		0.43
Directors Sitting Fees
Sharath Padmanabh Bolar	1.40			1.40	1.20			1.20
Bharti Pradeep Dhar	1.40			1.40	0.70			0.70
Siddharth Pradip Kothari	1.40			1.40	0.30			0.30
Vivek Grover*	0.90			0.90	0.60			0.60
Samir Chawla*	0.60			0.60	0.60			0.60
Rakesh Kashimpuria*	0.30			0.30	-			-
Rent Paid
Eden Garden Builders Pvt.Ltd.		-		-		1.59		1.59
Enjoy Builders Pvt.Ltd.		-		-		2.19		2.19
Lavender Properties Pvt.Ltd.		-		-		1.58		1.58
Prakalp Properties Pvt.Ltd.		-		-		1.51		1.51
Rang Mandir Builders Pvt.Ltd.		-		-		2.09		2.09
Usha Kiran Builders Pvt.Ltd.		-		-		1.58		1.58
Loans & Advances Received
Nitco Paints Pvt.Ltd.		-		-		191.50		191.50

* Sitting fees on behalf of Nominee Directors i.e. Mr. Vivek Grover, Mr. Samir Chawla & Mr. Rakesh Kashimpuria is paid to JM Financial Asset Reconstruction Company Limited (JMFARC).

Rs. In Lacs

(B) Balances outstanding with Related Parties:

							Rs.	in Lacs
	As at September 30, 2020				As at September 30, 2019
Transactions	KeyManagementPersonnel	Entities wherecontrol/significantinfluence byKMPs andtheir relativeexist	Postemploymentbenefit plan	Total	KeyManagementPersonnel	Entities wherecontrol/significantinfluence byKMPs andtheir relativeexist	Postemploymentbenefit plan	Total
Amount
Receivable/(Payable)
Saumya Buildcon Pvt. Ltd.		995.99		995.99		995.99		995.99
Eden Garden Builders Pvt. Ltd.		150.00		150.00		150.00		150.00
Enjoy Builders Pvt. Ltd.		205.00		205.00		205.00		205.00
Lavender Properties Pvt. Ltd.		150.00		150.00		150.00		150.00
PrakalpProperties Pvt. Ltd.		145.00		145.00		145.00		145.00
Rang Mandir Builders Pvt. Ltd.		200.00		200.00		200.00		200.00
Usha Kiran Builders Pvt. Ltd.		150.00		150.00		150.00		150.00
Poonam Talwar		9.19		9.19		9.19		9.19
Nitco Tiles & Marble Industries(Andhra) Pvt. Ltd.		1.00		1.00		1.00		1.00
Nitco Paints Pvt. Ltd.		(191.50)		(191.50)		(191.50)		(191.50)
Eden Garden Builders Pvt. Ltd.		(17.97)		(17.97)		(17.10)		(17.10)
Enjoy Builders Pvt. Ltd.		(27.94)		(27.94)		(26.74)		(26.74)
Lavender Properties Pvt. Ltd.		(21.75)		(21.75)		(20.88)		(20.88)
Prakalp Properties Pvt. Ltd.		(20.13)		(20.13)		(19.30)		(19.30)
Rang Mandir Builders Pvt. Ltd.		(28.85)		(28.85)		(27.70)		(27.70)
Usha Kiran Builders Pvt. Ltd.		(21.57)		(21.57)		(20.70)		(20.70)
Saisha Trading LLP		(225.51)		(225.51)		(330.51)		(330.51)
Watco Trading Private Limited		(115.70)		(115.70)		(115.70)		(115.70)
Watco Engineering Pvt. Ltd.		(23.40)		(23.40)		(23.40)		(23.40)
Nitco Sales Corporation Delhi		(0.02)		(0.02)		(0.02)		(0.02)
Nitco Tiles Sales Corporation		(0.23)		(0.23)		(0.23)		(0.23)

Northern India Tiles SalesCorporation		(1.73)		(1.73)		(1.73)		(1.73)
JM Township & Real Estate Pvt.Ltd.		-		-		965.50		965.50
Rajeshbhai Likhiya	(19.50)			(19.50)	(19.50)			(19.50)
Abhishek Sureshbhai Mehta		(21.50)		(21.50)		(21.50)		(21.50)
Ashvinbhai Raghavjibhai Jivani		(13.00)		(13.00)		(13.00)		(13.00)
Dhirubhai Bhurabhai Boda		(2.00)		(2.00)		(2.00)		(2.00)
Hardik Rajeshbhai Likhiya		(12.50)		(12.50)		(12.50)		(12.50)
Hina Yogesh Gandhi		(96.49)		(96.49)		(96.49)		(96.49)
Jayesh Mavjibhai Chaniyra		(26.90)		(26.90)		(26.90)		(26.90)
Karan Pravinbhai Shah		(10.59)		(10.59)		(10.59)		(10.59)
Khushbuben RameshbhaiDerasariya		(7.50)		(7.50)		(7.50)		(7.50)
Meenaben C.Gandhi		(87.35)		(87.35)		(87.35)		(87.35)
Nayna Pravinbhai Mehta		(14.50)		(14.50)		(14.50)		(14.50)
Payal Vishal Gandhi		(21.17)		(21.17)		(21.17)		(21.17)
Pravinchandra Sevantilal Sheth-HUF		(16.29)		(16.29)		(16.29)		(16.29)
Rajesh S.Shah		(21.17)		(21.17)		(21.17)		(21.17)
Rameshbhai Babulal Bhadja		(10.75)		(10.75)		(10.75)		(10.75)
Sadhna Sureshbhai Mehta		(27.00)		(27.00)		(27.00)		(27.00)
Utsav V Mehta		(7.00)		(7.00)		(7.00)		(7.00)
Vardhman Vitrified Pvt. Ltd.		18.94		18.94		18.94		18.94
Nilcity Plast Pvt. Ltd.		(0.71)		(0.71)		(0.71)		(0.71)
Vardhman Vitrified Pvt. Ltd.		(1.00)		(1.00)		(1.00)		(1.00)
Guarantee Received-PromoterGroup	71,215.84			71,215.84	84,433.95			84,433.95
Nitco Limited Employees GroupGratuity Schemes			(238.39)	(238.39)			(352.38)	(352.38)