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PG Electroplast Limited Interim / Quarterly Report 2019
61393_rns_2019-06-10_6fb627a9-d81d-4448-8a85-d3a7f4396d87.pdf
Interim / Quarterly Report
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P6 ELECTROPLAST LIMITED
CIN-L32109DL2003PLC11941 6 Corporate Office : P-4/2, 4/3, 4/4, 4/5, 4/6, Site-B, UPSIDC Industrial Area, Surajpur Greater Noida-201306, Distt. Gautam Budh Nagar (U.P.) India Phones# 91 -120-2569323, Fax# 91-120-2569 131 E-mail# [email protected] Website# www.pgel.in
June 08, 2019
To, The Manager (Listing) BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
To, The Manager (Listing) National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051
Scrip Code : 533581
Scrip Symbol: PGEL
Sub: Disclosure of Related Party Transactions for the half year ended March 31, 2019
Dear Sir,
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached details of Related Party Transactions for the half year ended March 31, 2019 in accordance with applicable accounting standards.
This is for your information and record please.
Thanking you,
For PG Electroplast Limited
(Sanchay ~ Dubey)
Company Secretary
• Registered Office DTJ-209, Second Floor DLF Tower-B, Jasola New Delhi-110025 Tele-Fax # 011-41421439
AN IATF 16949/18001/14001 COMPANY
PG ELECTROPLAST LIMITED: DISCLOSURE OF RELATED PARTY TRANSACTIONS FOR THE HALF YEAR ENDED 31ST MARCH, 2019
RELATED PARTY TRANSACTIONS:
Pursuant to compliance of Indian Accounting Standard (IND AS) 24 "Related Party Disclosures", the relevent information is provided here below:
(i) Related parties where control exists: Nil
(i i) Related parties with whom transactions have taken place during the half year alongwith details of such transactions and outstanding balances as at the end of the half year:
| Amount in Rs. Lakhs | ||
|---|---|---|
| Name of related party and nature of transactions | Relationship | Half yearended31-Mar-2019 |
| Rent Paid | ||
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 0.08 |
| Mrs. Sudesh Gupta | Relative of Key Managerial Personnel | 8.10 |
| PG Electronics | Other related party | 0.30 |
| Reimbursement of Expenses | ||
| Mr. Mahabir Prasad Gupta (Chief Financial Officer) | Key Managerial Personnel | 0.75 |
| Loan Taken | ||
| Mr. Promod Gupta (Chairman & Managing Director) | Key Managerial Personnel | 330.83 |
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 37.50 |
| Mr. Vikas Gupta (Executive Director) | Key Managerial Personnel | 31.25 |
| Mr. Anurag Gupta (Executive Director) | Key Managerial Personnel | 235.00 |
| Loan Repayment | ||
| Mr. Promod Gupta (Chairman & Managing Director) | Key Managerial Personnel | 361.00 |
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 75.50 |
| Mr. Vikas Gupta (Executive Director) | Key Managerial Personnel | 68.50 |
| Mr. Anurag Gupta (Executive Director) | Key Managerial Personnel | 46.00 |
| Loan converted into equity share capital | ||
| Mr. Promod Gupta (Chairman & Managing Director) | Key Managerial Personnel | 625.00 |
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 654.17 |
| Mr. Vikas Gupta (Executive Director) | Key Managerial Personnel | 654.17 |
| Mr. Anurag Gupta (Executive Director) | Key Managerial Personnel | 866.67 |
| Remuneration | ||
| Mr. Promod Gupta (Chairman & Managing Director) | Key Managerial Personnel | 38.88 |
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 38.88 |
| Mr. Vikas Gupta (Executive Director) | Key Managerial Personnel | 38.88 |
| Mr. Anurag Gupta (Executive Director) | Key Managerial Personnel | 38.88 |
| Mr. Mahabir Prasad Gupta (Chief Financial Officer) | Key Managerial Personnel | 7.26 |
| Mr. Sanchay Dubey (Company Secretary) | Key Managerial Personnel | 1.59 |
| Amount in Rs . Lakhs | |||
|---|---|---|---|
| Name of related party and nature of transactions | Relationship | Half yearended31-I'Vlar-2019 | |
| Director Sitting Fee | |||
| Mr. Ayodhya Prasad Anand (Independent Non-ExecutiveDirector) | Key Managerial Personn el | 1.00 | |
| Mr. Devendra Jha (Independent Non-Executive Director) | Key Managerial Personnel | 1.00 | |
| Mr. Sharad Jain (Independent Non-Executive Director) | Key Managerial Personnel | 1.10 | |
| Mrs. Rita Mohanty (Independent Non-Executive Director) | Key Managerial Personnel | 0.90 | |
| Salary to Relatives | |||
| Mrs. Sarika Gupta | Relative of Key Managerial Personnel | 14.70 | |
| Mrs. Natasha Gupta | Relative of Key Managerial Personnel | 14.70 | |
| Mrs. Neelu Gupta | Relative of Key Managerial Personnel | 14.70 | |
| Mrs. Sudesh Gupta | Relative of Key Managerial Pe rsonnel | 14.70 | |
| Mr. Pra nav Gupta | Relative of Key Managerial Personnel | 5.89 | |
| *Provision for Leave Encashment | |||
| Mr. Promod Gupta (Chairman & Managing Director) | Key Managerial Personnel | 1.43 | |
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 1.48 | |
| Mr. Vikas Gupta (Executive Director) | Key Manageri"al Personnel | 1.43 | |
| Mr. Anurag Gupta (Executive Director) | Key Managerial Personnel | 1.40 | |
| Mr. Mahabir Prasad Gupta (Chief Financial Officer) | Key Managerial Personnel | 0.26 | |
| Mr. Sanchay Dubey (Company Secretary) | Key Managerial Personnel | 0.04 | |
| Mrs. Sarika Gupta | Relative of Key Managerial Personnel | 0.62 | |
| Mrs. Nitasha Gupta | Relative of Key Managerial Personnel | 0.59 | |
| Mrs. Neelu Gupta | Relative of Key Managerial Personnel | 0.55 | |
| M rs. Sudesh Gupta | Relative of Key Managerial Personnel | 0.58 | |
| Mr. Pranav Gupta | Relative of Key Managerial Personnel | 0.36 | |
| #Provision for Gratuity | |||
| Mr. Promod Gupta (Chairman & Managing Director) | Key Managerial Personn el | (0.02) | |
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 0.07 | |
| Mr. Vikas Gupta (Executive Director) | Key Managerial Personnel | 0.07 | |
| Mr. Anurag Gupta (Executive Director) | Key Managerial Personnel | 0.13 | |
| Mr. Mahabir Prasad Gupta (Chief Financial Officer) | Key Managerial Personnel | 0.16 | |
| Mr. Sanchay Dubey (Company Secretary) | Key Managerial Personnel | 0.13 | |
| Mrs. Sarika Gupta | Relative of Key Managerial Personnel | 0.14 | |
| Mrs. Nitasha Gupta | Relative of Key Managerial Personnel | 0.16 | |
| Mrs. Neelu Gupta | Relative of Key Managerial Personnel | 0.33 | |
| Mrs. Sudesh Gupta | Relative of Key Managerial Personnel | 0.42 | |
| Mr. Pranav Gupta | Relative of Key Managerial Personnel | 0.24 |
* Provision for leave encashment is made on proportional basis for the half year ended 31st March, 2019 as per acturial valuation report.
#Provision for gratuity is made on proportional basis for the half year ended 31st March, 2019 as per acturial valuation report.
| Amount in Rs. Lakhs | ||
|---|---|---|
| Outstanding balances | Relationship | Half Yearended31-Niar-2019 |
| Loan Payable | ||
| Mr. Promod Gupta (Chairman & Managing Director) | Key Managerial Personnel | 172.29 |
| Mr. Vishal Gupta (Executive Director) | Key Managerial Personnel | 166.73 |
| Mr. Vikas Gupta (Executive Director) | Key Managerial Personnel | 166.44 |
| Mr. Anurag Gupta (Executive Director) | Key Managerial Personnel | 183.73 |
| Rent Security Recoverable | ||
| Mrs. Sudesh Gupta | Relative of Key Managerial Personnel | 4.50 |
| Payables | ||
| PG International | Other related party | 6.65 |
| J. B. Electronics | Other related party | 19.94 |
| (iii) Remuneration of key managerial personnel: | ||
| Amount in Rs. Lakhs | |
|---|---|
| Half year | |
| Nature of transactions | ended |
| 31-Mar-2019 | |
| Short term Employee benefits | 170.41 |
| Post employment benefits | 0.54 |
| Total | 170.95 |
Short term employee benefits includes Remunaration of KMP as mentioned in Point (ii) and Provision of leave encashment of KMP made for half year ended 31st March, 2019.
Post employment benefits includes Provision of Gratuity of KMP made for half year ended 31st March, 2019.
(iv) Remuneration and oustanding balances of KMP does not include long term employee benefits by way of gratuity and compensated absences, which are currently not payable and are provided on the basis of actuarial valuation by the Company.
(v) Terms & conditions:
The sales to and purchases from related parties, including rendering/availment of service, are made on terms equivalent to those that prevail in arm's length transactions. The outstanding balances at the half year-end are unsecured and interest free -and settlement occurs in cash . There have been no guarantees provided to or received for any related party receivable or payables. The Company has not recorded any impairment of receivables relating to amounts owed by related parties for the half year ended 31 March 2019.
For PG Electroplast Limited
J.-1~· k« Cuth r
(Mahabir Prasad Gupta) Chief Financial Officer
