Ortel Communications Limited — Audit Report / Information 2021

Jan 19, 2021

Digitally signed by BIDU BHUSAN BIDU BHUSAN DASH DASH Date: 2021.01.19 16:50:54 +05'30'

Disclosure pursuant to Indian Accounting Standard 24 - Related Party Disclosures

(a) Names of Related Parties

(i) Parent Entity:

Ortel Communications Ltd (Under CIRP)

County of origin India

(ii) Associates / Subsidiaries:

Associates: Nil

Subsidiaries: Ortel Broadband Ltd. (wholly-owned subsidiary) (iii) Key Management Personnel (KMP): Name

1. Mrs. Jagi Mangat Panda

2. Mr. Bidu Bhusan Dash

India

Designation Managing Director CFO & Company Secretary

(iv) Relatives of KMP:

1. Mr. Baijayant Panda (Husband of Mrs. Jagi Mangat Panda)

• (v) Other entities Enterprise over which Key Management Personnel / Relative of such individual has significant influence:

1. Indian Metals & Ferro Alloys Ltd.

2. Odisha Television Ltd. (Formerly Orissa Television Ltd.) Entities controlled or jointly controlled or under

3. Orissa Infratech Pvt. Ltd.

4. Panda Investments Pvt.Ltd.

significance influence of KMP and/or close family members of KMP.

1. BP Developers Pvt Ltd.

significant influence:1. Indian Metals & Ferro Alloys Ltd.2. Odisha Television Ltd. (Formerly Orissa Television Ltd.) Entities controlled or jointly controlled or under3. Orissa Infratech Pvt. Ltd.significance influence of KMP and/or close4. Panda Investments Pvt.Ltd.family members of KMP.5. BP Developers Pvt Ltd.	significant influence:1. Indian Metals & Ferro Alloys Ltd.2. Odisha Television Ltd. (Formerly Orissa Television Ltd.) Entities controlled or jointly controlled or under3. Orissa Infratech Pvt. Ltd.significance influence of KMP and/or close4. Panda Investments Pvt.Ltd.family members of KMP.5. BP Developers Pvt Ltd.	significant influence:1. Indian Metals & Ferro Alloys Ltd.2. Odisha Television Ltd. (Formerly Orissa Television Ltd.) Entities controlled or jointly controlled or under3. Orissa Infratech Pvt. Ltd.significance influence of KMP and/or close4. Panda Investments Pvt.Ltd.family members of KMP.5. BP Developers Pvt Ltd.	significant influence:1. Indian Metals & Ferro Alloys Ltd.2. Odisha Television Ltd. (Formerly Orissa Television Ltd.) Entities controlled or jointly controlled or under3. Orissa Infratech Pvt. Ltd.significance influence of KMP and/or close4. Panda Investments Pvt.Ltd.family members of KMP.5. BP Developers Pvt Ltd.	significant influence:1. Indian Metals & Ferro Alloys Ltd.2. Odisha Television Ltd. (Formerly Orissa Television Ltd.) Entities controlled or jointly controlled or under3. Orissa Infratech Pvt. Ltd.significance influence of KMP and/or close4. Panda Investments Pvt.Ltd.family members of KMP.5. BP Developers Pvt Ltd.	significant influence:1. Indian Metals & Ferro Alloys Ltd.2. Odisha Television Ltd. (Formerly Orissa Television Ltd.) Entities controlled or jointly controlled or under3. Orissa Infratech Pvt. Ltd.significance influence of KMP and/or close4. Panda Investments Pvt.Ltd.family members of KMP.5. BP Developers Pvt Ltd.
6. Metro Skynet Ltd.b) Summary of Transactions with Related Parties for the half year ended 30th September, 2020(Rs. in Crore)
Sl.No.	Nature of Transactions	ParentEntity	KMP	Relativesof KMP	Entities controlled orjointly controlled or undersignificant influence ofKMP and / or Relatives ofKMP
1	Managerial Remuneration	-	0.063	-	-
2	Signal Up linking Income	-	-	-	1.551
3	Rent Received	-	-	-	0.018
4	Rent Paid	-	-	-	0.003
5	Internet Subscription fees	-	-	-	0.067
6	Reimbursement Expenses Received	-	-	-	0.082
7	Subscription Fees	-	-	-	0.016
8	Advertisement Expenses	-	-	-	0.01
9	Programming Cost	-	-	-	0.872
10	Outstanding balance as at 30thSept.2020:
	Receivable	-	-	-	-
	Payable	-	0.912	0.007	22.265

c) Disclosure in respect of Material Related Party Transactions during the half year ended 30[th ] September, 2020 (excluding reimbursements):

1. Services Received includes services from Ortel Broadband Ltd (wholly-owned subsidiary): Rs.0.872 Crore.

2. Donations, if any: Nil.

3. Corporate Social Responsibility Expenses: Nil.

BIDU Digitally signed by BHUSAN BIDU BHUSAN DASH Date: 2021.01.19 DASH 16:46:43 +05'30'