Page Industries Ltd. — Audit Report / Information 2020

Jun 30, 2020

30[th] June 2020

The Secretary Corporate Relationship Dept. The Bombay Stock Exchange PhirozeJeejeebhoy Towers Dalal Street, Mumbai – 400 001

The Secretary National Stock Exchange of India Limited Exchange Plaza BandraKurla Complex Mumbai – 400051

Dear Sir,

Sub: Submission of disclosure on Related Party Transactions pursuant to Regulation 23(9) of the SEBI (LODR) Regulations. 2015.

In terms of Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the disclosure on Related Party Transactions, on Standalone basis, for the year ended 31[st] March 2020, drawn in accordance with applicable accounting standards.

Kindly take note of the above information on record.

Thanking you, Yours sincerely,

For Page Industries Limited Digitally signed by MURUGESH MURUGESH Date: 2020.06.30 15:05:42 +05'30' Murugesh C Company Secretary Encl: as above

Page Industries Limited Notes to the financial statements for the year ended 31 March 2020

(All amounts in Indian Rupees Millions, unless otherwise stated)

35 Related party transactions Names of related parties and related party relationship

Enterprises in which Key Managerial Personnel (KMP) Page Garment Exports Private Limited or their relatives have significant influence

Key management personnel

Key management personnel Sunder Genomal - Managing Director Shamir Genomal - Deputy Managing Director and Executive Director Nari Genomal - Director Ramesh Genomal - Director Shahendar Ramesh Genomal - Alternate Director V. S Ganesh - Executive Director Pradeep Jaipuria - Director Timothy Ralph Wheeler - Director G.P. Albal - Director B.C.Prabhakar - Director Rukmani Menon - Director Vikram Gamanlal Shah - Director Sandeep Kumar Maini - Director Varun Berry - Director Vedji Ticku - Chief Executive Officer & Executive Director Chandrasekar K - Chief Financal Officer C Murugesh - Company Secretary Relatives of key management personnel Rohan Genomal Madhuri Genomal

• a. Details of transactions entered into with related parties during the year are as given below:

Details of transactions entered into with related parties during the year are as given below:
Page Garment Exports Private Limited Other operating revenue Interest income on loan Purchase of traded goods (net) Sub contract expenses Reimbursement of expenses by the Company Dividend paid Nari Genomal Ramesh Genomal Sunder Genomal Shamir Genomal Shahendar Ramesh Genomal Sanjeev Genomal Madhuri Genomal Vedji Ticku B C Prabhakar Vikram Shah (held under trust)	31 March 2020 31 March 2019
	24.36 0.55 - 0.78 301.87 183.28 4.27 13.50 - 0.49 362.82 608.18 362.82 608.14 362.82 608.12 0.04 0.07 0.04 0.07 0.04 0.07 0.02 0.04 0.01 0.02 0.00 - 0.00 - 2.50 1.73
Remuneration to relatives of key managerial personnel RohanGenomal

Page Industries Limited Notes to the financial statements for the year ended 31 March 2020 (All amounts in Indian Rupees Millions, unless otherwise stated)

Remuneration/sitting fees of key managerial personnel Sunder Genomal Chandrasekar K Shamir Genomal Vedji Ticku V. S Ganesh C Murugesh Pradeep Jaipuria Timothy Ralph Wheeler G.P. Albal B.C.Prabhakar Rukmani Menon Vikram Gamanlal Shah Sandeep Kumar Maini Nari Genomal Varun Berry Professional fees to Key managerial personnel BCP Associates. LLP P & B Associates Rukmani Menon Vikram G Shah	31 March 2020	31 March 2019
	19.12 12.96 15.86 53.71 24.07 4.13 1.08 1.04 1.08 1.11 1.00 1.10 1.02 0.02 0.99 0.36 3.23 0.14 1.20	19.12 11.13 14.03 50.74 21.41 3.52 1.00 0.93 1.02 1.37 1.05 3.05 0.93 0.04 0.88 0.36 1.47 0.12 0.70
	143.18	132.87

*As the liability for gratuity and leave encashment is provided on an actuarial basis for the Company as a whole, the amount pertaining to the directors are not included above.

b. Balance receivable and payable to related parties are as follows

Page Garment Exports Private Limited Trade receivable Trade payable Loans and advances receivable c. Balance payable to related parties Managerial remuneration payable Sunder Genomal Chandrasekar K Shamir Genomal Vedji Ticku V. S Ganesh C Murugesh Pradeep Jaipuria Timothy Ralph Wheeler G.P. Albal B.C.Prabhakar Rukmani Menon Vikram Gamanlal Shah Sandeep Kumar Maini Nari Genomal Varun Berry	31 March 2020	31 March 2019
	0.13 - 7.93	- 1.83 -
	31 March 2020	31 March 2019
	7.67 0.37 0.56 0.90 0.81 0.22 1.00 0.93 0.93 0.93 0.93 0.93 0.93 - 0.93 18.00	10.25 0.79 0.35 1.42 0.93 0.20 0.90 0.84 0.84 0.84 0.84 0.84 0.84 - 0.84
		20.72