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Paramount Communications Ltd. Regulatory Filings 2020
59350_rns_2020-08-07_bbea7293-9adc-41bc-8726-4ed5626a21a2.pdf
Regulatory Filings
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| PCL/SE/08/2020-2021 | 07.08.2020 |
|---|---|
| The Corporate Relationship Department | The General Manager- Listinga |
| The Bombay Stock Exchange Ltd. | National Stock Exchange of India Ltd. |
| Phiroze Jeejeebhoy Towers, | "Exchange Plaza", Bandra-Kurla Complex, |
| Dalal Street, | Bandra (East), |
Symbol / Scrip Code: (BSE) 530555/(NSE) PARACABLES
Sub: Disclosure of Related Party Transactions pursuant to Regulation 23 (9) of SEBI (Listing obligations & Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to regulation 23 (9) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Related Party disclosure (Standalone and Consolidated) as per prescribed format for the half-year ended 31% March, 2020.
This is for your kind information & records please.
Thanking you.
\ (Rashi Goel)
Paramount Communications Ltd Paramount House C-125 Naraina Industrial Area Phase-1 New Delhi - 110028 t: +91 11 45618800 f: +91 11 25893719-20 [email protected] www.paramountcables.com CIN : L74899DL 1994PL.C061295
Paramount Communications Limited
Related party name and relationship
a) Subsidiary Companies
Paramount Holdings Limited, Cyprus
"06196375 Cables Limited" (formerly AEI Cables Limited), United Kingdom (in Administration/Liquidation) AEI Power Cables Limited, United Kingdom
b) Other related parties in the Group where common control exists:
Paramount Telecables Limited
c) Key Management Personnel
Shri Sanjay Aggarwal, Chairman and CEO Shri Sandeep Aggrawal, Managing Director Shri Shambhu Kumar Agarwal, Chief Financial Officer Mrs Tannu Sharma, Company Secretary till 31.5.19 Mrs Rashi Goel , Company Secretary from 01.06.19 onwards
d) Relatives of Key Managerial Personnel with whom transactions have taken place:
Mrs. Shashi Aggarwal Mrs. Archana Aggarwal Mrs. Kamala Aggarwal Sanjay Aggarwal (HUF} Sandeep Aggarwal (HUF) Dhruv aggarwal Tushar aggarwal Parth Aggarwal
e) Enterprises where Relatives of Key Managerial Personnel with whom transactions have taken place : Valesn Technologies Private Limited Valens Resizone Projects LLP
| IVIlV_{1 Am LoaMr.Mr. IntMr.Mr.Mr.Mr. LoaPar Leaounn Rn reresseamoSanSanSanSanSanSantRent oepaecejayuntjayjaydeedeedeePaidtiven LidAgAgAgTpppPaid(deleoangartoAgggarAggAgggarfroTDScabsDirwalwalwalarwarwarwonmlesectalalalDirInLiors | Mr.SanjayAggarwal | VI_ PurMr.chaSansesdeepAggarwal | ValesnTechnologiesPriv | VII sales | ValesnTechnologiesPriv | Vill Eqpreuitmiuy SmharesAllotment | Mr.SanjayAggarwal | Mr.SandeepAggarwal | ParamountTelecablesL | Mrs.Mrs.ShArcashhani AaggaAggrwaarwlal |
|---|---|---|---|---|---|---|---|---|---|---|
| ectteremitorsed | ate | ate | incl | imited | ||||||
| st) | Lim | Lim | udi | |||||||
| ited | ited | ngshare | ||||||||
| - | == | - | ||||||||
| > | - | 5,75,000 | ||||||||
| 1,11,132 | - | |||||||||
| 93,084 | = | |||||||||
| 7,3 | ||||||||||
| Mrs.RashiGoel,CompanySecretary | Mrs.TannuSharma,CompanySecretary | OffiMr.cerShambhuKumarAgarwal,ChiefFinancia! | Mr.SandeepAggrawal,ManagingDirector | Mr.SanjayAggarwal,ChairmanandCEO | (KMRemP)unerationtoKey MangerialPersonnel | Mr.Parth Aggarwal | Mr.SandeepAggarwal | Mr.SanjayAggarwal | ShareApplicationMoneyReceived | Mr.TusharAggarwal | Mr.DhruvAggarwal | SandeepAggarwal(HUF) | SanjayAggarwal(HUF) | ShyamSunderAggarwal(HUF) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,05,660 | 33,662 | 15,72,194 | 1,48,39,809 | 1,48,67,669 | 1,05,78,000 | 1,05,78,000 | ||||||||
| 35,67,000 | 1,42,24,500 | 1,42,24,500 | 1,42,24,500 | |||||||||||
| Paramount |
|---|
| Communications |
| Limited |
Details of Related Party Balance ( Standalone)
(Amount in Rs.)
| Description | Ason31.3.2020 | ||||
|---|---|---|---|---|---|
| Natureoftransactions | SuthebsidCoiamprianesy:of | conOtGrpartroheoucotierplmmsrelonwhexiinateerthstseed: | MaPenarsgeKeyonmene!nt | trwhplaha_ P KeReanveomylaceerssatiMaonntact:venakeioelsgennsriofwitalh | |
| Aatdvyeaanrceendgivenbalanceoutstandingas | 73,56,888 | = | - | ||
| Il | ProvisionforAdvanceasatyearend | 73,56,888 | - | - | |
| ili | joupremtstisandesingtakenofseconurirentytasdeposiatyeatgivrendenfor | = | 1,80,00,000 | - | |
| Iv | Loanoutastandingattheyearend | - | = | ||
| Vv | yea{Advranendcegivenbalanceoutstandingasat | ||||
| ParamountTelecblesLimited | = | 22,28,000 | - | ||
| ValensResizoneProjectsLLP |
Paramount Communications Limited
Related party name and relationship
a) Other related parties in the Group where common control exists:
Paramount Telecables Limited
b) Key Management Personnel
Shri Sanjay Aggarwal, Chairman and CEO Shri Sandeep Aggrawal, Managing Director Shri Shambhu Kumar Agarwal, Chief Financial Officer Mrs Tannu Sharma, Company Secretary till 31.5.19 Mrs Rashi Goel , Company Secretary from 01.06.19 onwards
c) Relatives of Key Managerial Personnel with whom transactions have taken place:
Mrs. Shashi Aggarwal Mrs. Archana Aggarwal Mrs. Kamala Aggarwal Sanjay Aggarwal (HUF) Sandeep Aggarwal (HUF) Dhruv aggarwal Tushar aggarwal Parth Aggarwal
d) Enterprises where Relatives of Key Managerial Personnel with whom transactions have taken place : Valesn Technologies Private Limited Valens Resizone Projects LLP
Paramount Communications Limited Details of Related Party Transactions ( Consolidated)
| Paramount Communications Limited | |||||
|---|---|---|---|---|---|
| Details of Related Party Transactions | Consolidated)( | ||||
| (Amount in Rs.) | |||||
| Description | 01/10/2019 to 31/03/2020 | ||||
| Nature of transactions | Other related | Key Management | Relatives of Key | Enterprises where | |
| parties in theGroup where | Personnel | ManagerialPersonnel with | Relatives of KeyManagerial | ||
| common controlexists: | whom transactions Personnel withhave taken place: | whom transactions | |||
| have taken place -_ | |||||
| Lease Rent Paid | |||||
| Il | Paramount Telecables Limited Loan received from Directors | 1,33,33,332 | - | = | - |
| Mr. Sanjay Aggarwal | = | 58,00,000 | = | ||
| Mr. Sandeep Aggarwal | - | 40,00,000 | - | ||
| Il! Loan Repaid to Directors | |||||
| Mr. Sanjay Aggarwal | 1,05,50,000 | ||||
| Mr. Sandeep Aggarwal | 1,15,00,000 | ||||
| IV _ Interest on LoansMr. Sanjay Aggarwal | : | 8,37,757 | : | z | |
| Mr. Sandeep Aggarwal | 10,00,193 | _ | - | ||
| V_ Amount Paid (TDS on Interest) | |||||
| Mr. Sanjay Aggarwal | : | 93,084 | 7 | x | |
| Mr. Sandeep Aggarwal | 1,11,132 | - | |||
| VI purchases | - | ||||
| Valesn Technologies Private Limited | = | 47,24,722 | |||
| VIt sates | |||||
| Valesn Technologies Private LimitedVIN Equity Shares Allotment including share | 2 | 1,00,000 | |||
| premium | |||||
| Mr. Sanjay AggarwalMr. Sandeep Aggarwal | |||||
| Paramount Telecables Limited | 7,35,75,000 | ||||
| Mrs. Shashi Aggarwal |
| Mrs. Kamala Aggarwal | 49,05,000 | ||
|---|---|---|---|
| Shyam Sunder Aggarwal (HUF) | |||
| Sanjay Aggarwal (HUF) | 1,42,24,500 | ||
| Sandeep Aggarwal (HUF) | |||
| Mr. Dhruv Aggarwal | 1,42,24,500 | ||
| Mr. Tushar Aggarwal | 1,42,24,500 | ||
| Share Application Money Received | |||
| Mr. Sanjay Aggarwal | 1,05,78,000 | ||
| Mr. Sandeep Aggarwal | 1,05,78,000 | ||
| Mr. Parth Aggarwal | 35,67,000 | ||
| Remuneration to Key Mangerial Personnel(KMP) | |||
| Mr. Sanjay Aggarwal, Chairman and CEO | 1,48,67,669 | ||
| Mr. Sandeep Aggrawal, Managing Director | 1,48,39,809 | ||
| Mr. Shambhu Kumar Agarwal, Chief FinancialOfficer | 15,72,194 | ||
| Mrs. Tannu Sharma, Company Secretary | 33,662 | ||
| Mrs. Rashi Goel, Company Secretary | 5,05,660 | ||
Paramount Communications Limited
| Paramount Communications Limited | |||||
|---|---|---|---|---|---|
| Details of Related Party Balance ( Consolidated) | (Amount in Rs.) | ||||
| DescriptionNature of transactions | Other related | Key | as on 31.03.2020Relatives of | Enterprises | |
| parties inthe Management | Key Managerial where | ||||
| Group where | Personne! | Personnel with Relatives of | |||
| commoncontrol exists: | whomtransactions | Key ManagerialPersonnel with | |||
| have taken | whom | ||||
| place: | transactionshave taken | ||||
| place: | |||||
| Advance given balance outstanding as | [ | = | |||
| {1 | at year end Provision for Advance as at year end | = | < | " | |
| (I) | joutstanding of security deposit given for | 1,80,00,000 | 5 | 7 | |
| Iv. | premises taken on rent as at year end Loan outastanding at the year end | z | 2 | - | |
| Vv | Advance given balance outstanding as at | ||||
| year endParamount Telecbles Limited | 22,28,000 | 2 | = |
