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Nitco Ltd. Regulatory Filings 2020
62410_rns_2020-07-23_aad22988-4cbb-4141-89ac-9ef36c0e83c6.pdf
Regulatory Filings
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Date: 23rd July, 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 31st March, 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 Listing Regulations, please find enclosed herewith the details of Related Party Transactions, on consolidated basis, for the half year ended 31st March, 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, cn=Puneet Ashok Motwani, serialNumber=e5cad98cfd24de3726066fdfaa 0affa081c6f46c029e402765ee6085e6a92fd4, postalCode=400050, 2.5.4.20=97eae5bc3d27583be5cbcf4cf08a510 174880b476c49bd0ef162c0976874ba71, st=Maharashtra Date: 2020.07.23 16:35:23 +05'30'
Puneet Motwani
Company Secretary & Compliance Officer
NITCO LIMTIED
Related Party Disclosures for Nitco Limited on a consolidated basis – Half year ended March 31, 2020.
Related party disclosures as required by IND As 24 "Related Party Disclosures" are given below:
(A) List of related parties with whom transactions have taken place:
| Key Management Personnel (KMP) | |
|---|---|
| Mr. Vivek Talwar – Chairman & Managing Director | Mr. Rajeshbhai J Likhiya – Director |
| Mr. Rameshchandra Mithalal Derasariya – Director |
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 exists and with whom transaction have taken place
| 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 during half year ended March 31, 2020 with Related Parties:
| Rs. In Lacs | ||||
|---|---|---|---|---|
| For the half year ended March 31, 2020 | ||||
| Transaction | KeyManagementPersonnel | Entities wherecontrol/significantinfluence by KMPsand their relativesexist | Postemploymentbenefit plan | Total |
| Other Expenses | ||||
| IB Hospitality Pvt. Ltd. | 1.14 | 1.14 | ||
| Siddharth Pradip Kothari | 0.46 | 0.46 | ||
| Directors Sitting Fees | ||||
| Sharath Padmanabh Bolar | 1.10 | 1.10 | ||
| Bharti Pradeep Dhar | 1.10 | 1.10 | ||
| Siddharth Pradip Kothari | 1.10 | 1.10 | ||
| Vivek Grover* | 0.60 | 0.60 | ||
| Samir Chawla* | 0.30 | 0.30 | ||
| Rent Paid | ||||
| Eden Garden Builders Pvt. Ltd. | 1.06 | 1.06 | ||
| Enjoy Builders Pvt. Ltd. | 1.45 | 1.45 | ||
| Lavender Properties Pvt. Ltd. | 1.05 | 1.05 | ||
| Prakalp Properties Pvt. Ltd. | 1.01 | 1.01 | ||
| Rang Mandir Builders Pvt. Ltd. | 1.39 | 1.39 | ||
| Usha Kiran Builders Pvt. Ltd. | 1.05 | 1.05 | ||
| Loans & Advances Returned/Adjusted | ||||
| JM Township & Real Estate Pvt. Ltd. | 965.50 | 965.50 | ||
| Contribution made | ||||
| Nitco Limited Employees Group GratuitySchemes | 90.00 | 90.00 | ||
| Nitco Tiles Ltd. Superannuation Fund | - | - |
* Sitting fees on behalf of Nominee Directors i.e. Mr. Vivek Grover and Mr. Samir Chawla is paid to JM Financial Asset Reconstruction Company Limited (JMFARC).
(B) Balances outstanding with Related Parties as at March 31, 2020:
| As at March 31, 2020 | |||||
|---|---|---|---|---|---|
| Transactions | KeyManagementPersonnel | Entities wherecontrol/significantinfluence by KMPsand their relativeexist | Postemploymentbenefit plan | Total | |
| Amount Receivable/(Payable) | |||||
| Saumya Buildcon Pvt. Ltd. | 995.99 | 995.99 | |||
| Eden Garden Builders Pvt. Ltd. | 150.00 | 150.00 | |||
| Enjoy Builders Pvt. Ltd. | 205.00 | 205.00 | |||
| Lavender Properties Pvt. Ltd. | 150.00 | 150.00 | |||
| Prakalp Properties Pvt. Ltd. | 145.00 | 145.00 | |||
| Rang Mandir Builders Pvt. Ltd. | 200.00 | 200.00 | |||
| Usha Kiran Builders Pvt. Ltd. | 150.00 | 150.00 | |||
| Poonam Talwar | 9.19 | 9.19 | |||
| Nitco Tiles & Marble Industries (Andhra)Pvt. Ltd. | 1.00 | 1.00 | |||
| Nitco Paints Pvt. Ltd. | (191.50) | (191.50) | |||
| Eden Garden Builders Pvt. Ltd. | (17.97) | (17.97) | |||
| Enjoy Builders Pvt. Ltd. | (27.94) | (27.94) | |||
| Lavender Properties Pvt. Ltd. | (21.75) | (21.75) | |||
| Prakalp Properties Pvt. Ltd. | (20.13) | (20.13) | |||
| Rang Mandir Builders Pvt. Ltd. | (28.85) | (28.85) | |||
| Usha Kiran Builders Pvt. Ltd. | (21.57) | (21.57) | |||
| Saisha Trading LLP | (225.51) | (225.51) | |||
| IB Hospitality Pvt. Ltd. | - | - | |||
| Watco Trading Private Limited | (115.70) | (115.70) | |||
| Watco Engineering Pvt. Ltd. | (23.40) | (23.40) | |||
| Nitco Sales Corporation Delhi | (0.02) | (0.02) | |||
| Nitco Tiles Sales Corporation | (0.23) | (0.23) | |||
| Northern India Tiles Sales Corporation | (1.73) | (1.73) | |||
| JM Township & Real Estate Pvt. Ltd. | - | - | |||
| Rajeshbhai Likhiya | (19.50) | (19.50) | |||
| Abhishek Sureshbhai Mehta | (21.50) | (21.50) | |||
| Ashvinbhai Raghavjibhai Jivani | (13.00) | (13.00) | |||
| Dhirubhai Bhurabhai Boda | (2.00) | (2.00) | |||
| Hardik Rajeshbhai Likhiya | (12.50) | (12.50) | |||
| Hina Yogesh Gandhi | (96.49) | (96.49) | |||
| Jayesh Mavjibhai Chaniyra | (26.90) | (26.90) | |||
| Karan Pravinbhai Shah | (10.59) | (10.59) | |||
| Khushbuben Rameshbhai Derasariya | (7.50) | (7.50) | |||
| Meenaben C.Gandhi | (87.35) | (87.35) | |||
| Nayna Pravinbhai Mehta | (14.50) | (14.50) | |||
| Payal Vishal Gandhi | (21.17) | (21.17) | |||
| Pravinchandra Sevantilal Sheth - HUF | (16.29) | (16.29) | |||
| Rajesh S.Shah | (21.17) | (21.17) | |||
| Rameshbhai Babulal Bhadja | (10.75) | (10.75) |
Rs. in Lacs
| Sadhna Sureshbhai Mehta | (27.00) | (27.00) | ||
|---|---|---|---|---|
| Utsav V Mehta | (7.00) | (7.00) | ||
| Vardhman Vitrified Pvt. Ltd. | 18.94 | 18.94 | ||
| Nilcity Plast Pvt. Ltd. | (0.71) | (0.71) | ||
| Vardhman Vitrified Pvt. Ltd. | (1.00) | (1.00) | ||
| Guarantee Received - Promoter Group | 68,959.26 | 68,959.26 | ||
| Nitco Limited Employees Group GratuitySchemes | (258.47) | (258.47) |