AI assistant
Polycab India Limited — Interim / Quarterly Report 2021
Jun 7, 2021
61384_rns_2021-06-07_e604fbf0-3f1d-446f-8ff4-bff0fab4a1ee.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
POLYCAB INDIA LIMITED
Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: [email protected] Website: www.polycab.com
==> picture [109 x 79] intentionally omitted <==
Date: 07[th] June 2021
To Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
To Listing Department, National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051
Scrip Code: 542652 Scrip Symbol: Polycab ISIN:- INE455K01017
Dear Sir / Madam
Sub: Disclosure of Related Party Transactions for the half year ended 31[st] March 2021
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the disclosure of related party transactions on a Standalone and Consolidated basis for the half year ended 31[st] March 2021.
Kindly take the same on your record.
Thanking you
Yours Faithfully For Polycab India Limited
==> picture [76 x 64] intentionally omitted <==
________ Manita Carmen A Gonsalves Company Secretary and Compliance Officer Membership No.: A18321
==> picture [52 x 46] intentionally omitted <==
Registered Office:
Unit No.4, Plot No.105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal, Gujarat-389350 Tel : 2676- 227600 / 227700
Polycab India Limited
==> picture [57 x 23] intentionally omitted <==
Details of Related Party Transactions on Standalone Basis for the half year ended 31st March 2021
Related party disclosure
The transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the period-end are unsecured and settlement occurs in cash or credit as per the terms of the arrangement.
(A) Enterprises where control exists
| Country of | Country of | Ownershipinterest(%) |
|---|---|---|
incorporation |
31 Mar 21 | |
| (i) Subsidiaries |
||
| Tirupati ReelsPrivateLimited (TRPL) India |
55% | |
| Dowells CableAccessoriesPrivateLimited (DCAPL) India |
51% | |
| PolycabElectricals &ElectronicsPrivateLimited (PEEPL)(a) India |
100% | |
| Polycab USA LLC (PUL) (a) USA |
100% | |
| Polycab Australia Pty Ltd(b) Australia Polycab Support Force Private Limited (PSFPL)(d) India |
cab Australia Pty Ltd(b) Australia |
100% |
| 100% | ||
| UniglobusElectricals andElectronicsPrivateLimited (UEEPL)(e) India |
100% | |
| Ryker Base Private Limited (Ryker) (Refer note 2A)(c) India |
100% | |
| (ii) Joint Ventures |
||
| Techno Electromech Private Limited(TEPL) India |
50% | |
| (a) incorporated in FY 2019-20 |
(b) incorporated on 01 July 2020
(c) Joint venture till 05 May 2020 and became wholly owned subsidiary from 06 May 2020
(d) incorporated on 13 March 2021
(e) incorporated on 24 March 2021
(B) Enterprises owned or significantly influenced by key managerial personnel
| **(C) ** | AK Enterprises (A K) Polycab Social Welfare Foundation T.P. Ostwal & Associates LLP Key management personnel (i) Executive directors |
AK Enterprises (A K) Polycab Social Welfare Foundation T.P. Ostwal & Associates LLP Key management personnel (i) Executive directors |
|---|---|---|
| Mr. Inder T. Jaisinghani Chairman and managingDirector |
||
| Mr. Ramesh T. Jaisinghani(c) Whole-time director |
||
Mr. Ajay T. Jaisinghani(c) Whole-time director |
||
Mr.Shyam Lal Bajaj(a) (c) Whole time director |
||
| (ii) | Non- Executive directors | |
| Mr. R S Sharma Independent director |
||
| Mr. T P Ostwal Independent director |
||
| Mr. PradeepPoddar Independent director |
||
| Ms. Hiroo Mirchandani Independent director |
||
| (iii) | Key managementpersonnel | |
| Mr.Gandharv Tongia Chief financial officer(w.e.f. 31 May2020) |
||
| Mr.SubramaniamSai Narayana(b) Companysecretaryand compliance officer |
||
| (iv) | Ms. Manita Gonsalves Company secretary and compliance officer (w.e.f. 24 Jan Relatives of Key managementpersonnel |
|
| Mr. Bharat A. Jaisinghani(d) Son of Mr. AjayT. Jaisinghani |
||
Mr. Girdhari T. Jaisinghani Brother of Mr. Inder T. Jaisinghani, Mr. Ajay T. Jaisinghani & Mr. Ramesh T. Jaisinghani |
||
| Mr. Kunal I. Jaisinghani Son of Mr. Inder T. Jaisinghani |
||
| Mr. Nikhil R. Jaisinghani(d) Son of Mr. Ramesh T. Jaisinghani |
||
Mr. Puneet Sehgal Son in law of Ramesh T. Jaisinghani |
(a) Mr. Shyam Lal Bajaj resigned from CFO position w.e.f. closing business hours 30 May 2020 and continues as a whole time director.
(b) Mr. Subramaniam Sai Narayana resigned from Company secretary and compliance officer position w.e.f. 23 Jan 2021.
(c) Resigned from Whole-time director position w.e.f. closing business hours 12 May 2021.
(d) Appointed as Whole-time director w.e.f. 13 May 2021.
Polycab India Limited
==> picture [57 x 23] intentionally omitted <==
Details of Related Party Transactions on Standalone Basis for the half year ended 31st March 2021 Related party disclosure
(D) Transactions with group companies
| ails of Related Party Transactions on Standalone Basis for the half year ended 31st March 2021 Related party disclosure Transactions with group companies |
ails of Related Party Transactions on Standalone Basis for the half year ended 31st March 2021 Related party disclosure Transactions with group companies |
|---|---|
| (₹ million) | |
| Six months period ended 31 Mar 21 |
|
| (i) Sale ofgoods(including GST) |
|
| Tirupati Reels Private Limited Subsidiary |
0.04 |
| Dowells Cable Accessories Private Limited Subsidiary |
4.28 |
| Ryker Base Private Limited Subsidiary |
2,207.52 |
| Techno Electromech Private Limited Subsidiary |
30.38 |
| Polycab Australia PTY Ltd Subsidiary |
511.54 |
| (ii) Purchase ofgoods(including GST) |
|
| Tirupati Reels Private Limited Subsidiary |
412.02 |
| Dowells Cable Accessories Private Limited Subsidiary |
4.43 |
| Ryker Base Private Limited Subsidiary |
370.06 |
| Techno Electromech Private Limited Joint Venture |
431.28 |
| (iii) Sub-contracting expense(including GST) |
|
| Ryker Base Private Limited Subsidiary |
310.34 |
| Techno Electromech Private Limited Joint Venture |
11.62 |
| (iv) Job work Income(including GST) |
|
| Ryker Base Private Limited Subsidiary |
4.90 |
| (v) Recovery for Employee Stock Optionsgranted |
|
| Ryker Base Private Limited Subsidiary |
1.48 |
| (vi) Reimbursement of Gas Expense |
|
| Ryker Base Private Limited Subsidiary |
4.94 |
| (vii) Commission received(including GST) |
|
| Tirupati Reels Private Limited Subsidiary |
1.54 |
| (viii) Rent received(including GST) |
|
| Dowells Cable Accessories Private Limited Subsidiary |
4.12 |
| Ryker Base Private Limited Subsidiary |
0.31 |
| (ix) Interest received |
|
| Dowells Cable Accessories Private Limited Subsidiary |
0.01 |
| Ryker Base Private Limited Subsidiary |
12.57 |
| Polycab Australia PTY Ltd Subsidiary |
0.25 |
| Techno Electromech Private Limited Joint Venture |
6.89 |
| (x) Testing chargespaid(including GST) |
|
| Techno Electromech Private Limited Joint Venture |
-0.10 |
| (xi) Other charges recovered(including GST) |
|
| Dowells Cable Accessories Private Limited Subsidiary |
2.11 |
| (xii) Sale of Fixed Assets(including GST) |
|
| Ryker Base Private Limited Subsidiary |
0.44 |
| (xiii) Investment made |
|
| Polycab Electricals & Electronics Private Limited(PEEPL) Subsidiary |
1.00 |
| Polycab Australia PTY Ltd Subsidiary |
11.66 |
| (xiv) Loansgiven |
|
| Polycab Australia PTY Ltd Subsidiary |
25.61 |
Polycab India Limited
==> picture [57 x 23] intentionally omitted <==
Details of Related Party Transactions on Standalone Basis for the half year ended 31st March 2021 Related party disclosure
| **(E) ** | (₹ million) | (₹ million) |
|---|---|---|
| Six months period ended 31 Mar 21 |
||
| (xv) Loangiven repaid |
||
| Dowells Cable Accessories Private Limited Subsidiary |
0.66 | |
| (xvi) Corporateguaranteegiven(Refer note below) |
||
| Ryker Base Private Limited Subsidiary |
-7.38 | |
| (xvii) Fair value Corporateguarantee(Refer note below) | ||
| Ryker Base Private Limited Subsidiary |
3.48 | |
| (xix) Rentpaid(including GST) | ||
| AK Enterprises Enterprises owned or significantly influenced by key managerial personnel |
14.59 |
|
| Outstanding as at the year end : (₹ million) |
||
| Year ended 31 Mar 21 |
||
| (i) Loans |
||
| Ryker Base Private Limited Subsidiary |
300.00 | |
| Polycab Australia PTY Ltd Subsidiary |
25.07 | |
| Techno Electromech Private Limited Joint Venture |
115.21 | |
| (ii) Trade Receivables |
||
| Tirupati Reels Private Limited Subsidiary |
3.20 | |
| Techno Electromech Private Limited Joint Venture |
23.60 | |
| Ryker Base Private Limited Subsidiary |
456.69 | |
| Polycab Australia PTY Ltd Subsidiary |
480.68 | |
| (iii) Trade Receivables - FA |
||
| Techno Electromech Private Limited Joint Venture |
85.19 | |
| (iv) Receivable under liquidation |
||
| Polycab Wires ItalySRL,Liquidated Subsidiary |
1.03 | |
| (v) Advancegiven for material and services |
||
| Ryker Base Private Limited Subsidiary |
28.62 | |
| (vi) Interest accrued on loangiven |
||
| Techno Electromech Private Limited Joint Venture |
3.18 | |
| Polycab Australia PTY Ltd Subsidiary |
0.25 | |
| Ryker Base Private Limited Subsidiary |
2.14 | |
| (vii) Trade Payables |
||
| Tirupati Reels Private Limited Subsidiary |
117.03 | |
| Dowells Cable Accessories Private Limited Subsidiary |
3.03 | |
| Techno Electromech Private Limited Joint Venture |
71.30 | |
| (viii) Security Depositsgiven |
||
| AK Enterprises Enterprises owned or significantly influenced by key managerial personnel |
5.91 |
Note:
Company has provided a guarantee for credit facility availed by the Ryker Base Private Limited and Tirupati Reels Private Limited, amounting to ₹ 4,184.62 Million [$ 25 Million and ₹ 2,347 Million] and (31 March 2020 : ₹ 1,243.87 Million [$12.50 Million] and ₹ 520.00 Million (31 March 2020 : ₹ 520.00 Million) respectively. The fair value of corporate guarantee ₹ 15.31 million (31 March 2020 : ₹ 11.21 Million) has been included in carrying cost of investment.
Polycab India Limited
==> picture [57 x 23] intentionally omitted <==
Details of Related Party Transactions on Standalone Basis for the half year ended 31st March 2021
Related party disclosure
(F) Transactions with KMP:
(i) Remuneration paid for the year ended and outstanding as on:[(a)]
| Six months period ended Outstanding for the yearend 31 Mar 21 |
||
|---|---|---|
| Executive directors (Includes Salary, Performance Incentive and commission to CMD) |
||
| Mr. Inder T.Jaisinghani | 87.73 99.07 |
|
| Mr. Ramesh T.Jaisinghani | 18.20 7.50 |
|
| Mr. AjayT.Jaisinghani | 18.20 7.50 |
|
| Mr.Shyam Lal Bajaj | 15.80 6.17 |
|
| Non- Executive directors (Includes sitting fees and commission) |
||
| Mr. T P Ostwal |
1.60 2.00 |
|
| Mr. R S Sharma | 1.52 2.00 |
|
| Mr. PradeepPoddar | 1.52 2.00 |
|
| Ms. Hiroo Mirchandani | 1.44 2.00 |
|
| Key management personnel (Includes Salary and Performance Incentive) |
||
| Mr. Gandharv Tongia | 8.62 1.67 |
|
| Ms. Manita Gonsalves | 0.96 0.22 |
|
| Mr. Subramaniam Sai Narayana | 0.90 - |
(a) As the liabilities for gratuity and leave encashment are provided on actuarial basis for the Company as a whole, the amounts pertaining to the directors and KMP are not included above.
(ii) Share based payments to KMP[(a)]
| Six months period ended 31 Mar 21 |
|
|---|---|
| Mr.Shyam Lal Bajaj | 2.36 |
| Mr.Gandharv Tongia | 1.06 |
| Mr. Subramaniam Sai Narayana(b) |
(0.99) |
(a) Represents expense by way of share based payments attributable to directors and KMP
(b) During current year remaining options granted under Performance Scheme are forfeited post his resignation due to non-fulfilment of vesting criteria.
(iii) Sale of fixed assets to KMP (Including GST)
Six months period ended Outstanding for the yearend Mr. Ramesh T.Jaisinghani 1.35 1.35 Mr. AjayT.Jaisinghani 2.36 0.17 Mr. Puneet Sehgal 0.55 0.55 (iv) Transactions where KMP's are interested Six months period ended Outstanding for the year end Polycab Social Welfare Foundation Donation 119.88 - T.P. Ostwal & Associates LLP (excluding GST) Professional fees for taxadvisory 0.10 0.16 Transactions with relatives of KMP: Remunerationpaid for theyear ended and outstanding as on: (₹ million) Nature of transaction 31 Mar 21 31 Mar 21 |
Six months period ended Outstanding for the yearend 31 Mar 21 |
Six months period ended Outstanding for the yearend 31 Mar 21 |
|---|---|---|
| Mr. Ramesh T.Jaisinghani | 1.35 1.35 |
|
| Mr. AjayT.Jaisinghani | 2.36 0.17 |
|
| Mr. Puneet Sehgal | 0.55 0.55 |
|
| Transactions where KMP's are interested | ||
| Six months period ended Outstanding for the year end Nature of transaction 31 Mar 21 |
||
| Polycab Social Welfare Foundation Donation |
119.88 - |
|
| T.P. Ostwal & Associates LLP (excluding GST) Professional fees for taxadvisory |
0.10 0.16 |
|
| Six months period ended Outstanding for the yearend 31 Mar 21 |
||
| Mr.Girdhari T.Jaisinghani | 5.32 2.18 |
|
| Mr. BharatA.Jaisinghani | 7.55 2.98 |
|
| Mr. Nikhil R.Jaisinghani | 7.55 2.98 |
|
| Mr. Kunal I. Jaisinghani | 1.21 0.01 |
(G) Transactions with relatives of KMP:
Polycab India Limited
==> picture [55 x 23] intentionally omitted <==
Details of Related Party Transactions on Consolidated Basis for the half year ended 31st March 2021
Related party disclosure
The transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the period-end are unsecured and settlement occurs in cash or credit as per the terms of the arrangement.
(A) Enterprises where control exists
| (B) **(C) ** |
Country of | Ownershipinterest(%) |
|---|---|---|
incorporation |
31 Mar 21 | |
| Joint Ventures | ||
| Techno Electromech Private Limited(TEPL) India |
50% | |
| (a) Joint venture till 05 May 2020 and became wholly owned subsidiary from 06 May 2020 Enterprises owned or significantly influenced by key managerialpersonnel |
||
| AK Enterprises(A K) | ||
| Dowells Elektro Werke(DEW) | ||
| Dowells Electricals(DE) | ||
| D J Electricals Private Limited(DJEPL) | ||
| Tirupati Tradelinks Private Limited(TTPL) | ||
| EPMR Australia PtyLtd | ||
| Polycab Social Welfare Foundation | ||
| T.P. Ostwal & Associates LLP | ||
| Key management personnel (i) Executive directors |
||
| Mr. Inder T. Jaisinghani Chairman and managingdirector |
||
| Mr. Ramesh T. Jaisinghani(c) Whole-time director |
||
Mr. Ajay T. Jaisinghani(c) Whole-time director |
||
Mr.Shyam Lal Bajaj(a) (c) Whole-time director |
||
| (ii) Non- Executive directors |
||
| Mr. R S Sharma Independent director |
||
| Mr. T P Ostwal Independent director |
||
| Mr. PradeepPoddar Independent director |
||
| Ms. Hiroo Mirchandani Independent director |
||
| (iii) Key managementpersonnel |
||
| Mr. Gandharv Tongia Chief financial officer(w.e.f. 31 May2020) |
||
| Mr. Subramaniam Sai Narayana(b) Companysecretaryand compliance officer |
||
Ms. Manita Gonsalves Companysecretaryand compliance officer(w.e.f. |
24 Jan 2021) | |
| (iii) Relatives of Key managementpersonnel | ||
| Mr. Bharat A. Jaisinghani(d) Son of Mr. AjayT. Jaisinghani |
||
Mr. Girdhari T. Jaisinghani Brother of Mr. Inder T. Jaisinghani, Mr. Ajay T. Jaisinghani & Mr. Ramesh T. Jaisinghani |
||
| Mr. Kunal I. Jaisinghani Son of Mr. Inder T. Jaisinghani |
||
| Mr. Nikhil R. Jaisinghani(d) Son of Mr. Ramesh T. Jaisinghani |
||
Mr. Puneet Sehgal Son in law of Ramesh T. Jaisinghani |
(a) Mr. Shyam Lal Bajaj resigned from CFO position w.e.f. closing business hours of 30 May 2020 and continues as a whole time director.
(b) Mr. Subramaniam Sai Narayana resigned from Company secretary and compliance officer position w.e.f. 23 Jan 2021.
(c) Resigned from Whole-time director position w.e.f. closing business hours 12 May 2021.
(d) Appointed as Whole-time director w.e.f. 13 May 2021.
| **(D) ** | Transactions with group companies (₹ million) |
Transactions with group companies (₹ million) |
|---|---|---|
| Six months period ended 31 Mar 21 |
||
| (i) Purchase ofgoods(including GST) |
||
| Techno Electromech Private Limited Joint Venture |
30.38 | |
| (ii) Purchase ofgoods(including GST) |
||
| Techno Electromech Private Limited Joint Venture |
431.28 | |
| Tirupati Tradelinks Private Limited (TTPL) Enterprises owned or significantly influenced by keymanagerialpersonnel |
83.59 | |
Polycab India Limited
==> picture [55 x 23] intentionally omitted <==
Details of Related Party Transactions on Consolidated Basis for the half year ended 31st March 2021
Related party disclosure
(D) Transactions with group companies
| Related party disclosure Transactions with group companies |
Related party disclosure Transactions with group companies |
|---|---|
| (₹ million) | |
Six months period ended 31 Mar 21 |
|
| (iii) Sub-contracting expense(including GST) |
|
| Techno Electromech Private Limited Joint Venture |
11.62 |
| Tirupati Tradelinks Private Limited (TTPL) Enterprises owned or significantly influenced by key managerial personnel |
0.36 |
| (iv) Interest received |
|
| Techno Electromech Private Limited Joint Venture |
6.89 |
| (v) Testing chargespaid |
|
| Techno Electromech Private Limited Joint Venture |
-0.10 |
| (vi) Commissionpaid |
|
| EPMR Australia Pty Ltd Enterprises owned or significantly influenced by key managerial personnel |
10.34 |
| (ix) Rentpaid(including GST) |
|
| AK Enterprises Enterprises owned or significantly influenced by key managerial personnel |
14.59 |
Polycab India Limited
==> picture [55 x 23] intentionally omitted <==
Details of Related Party Transactions on Consolidated Basis for the half year ended 31st March 2021
| **(E) ** | Related party disclosure Outstanding as at the year end : (₹ million) |
Related party disclosure Outstanding as at the year end : (₹ million) |
|---|---|---|
| Year ended 31 Mar 21 |
||
| (i) Loans |
||
| Techno Electromech Private Limited Joint Venture |
115.21 | |
| (ii) Trade Receivables |
||
| Techno Electromech Private Limited Joint Venture |
23.60 | |
| (iii) Interest accrued on loangiven |
||
| Techno Electromech Private Limited Joint Venture |
3.18 | |
| (iv) Trade Receivables - FA |
||
| Techno Electromech Private Limited Joint Venture |
85.19 | |
| (v) Trade Payables |
||
| Techno Electromech Private Limited Joint Venture |
71.30 | |
| Dowells Elektro Werke (DEW) Enterprises owned or significantly influenced by key managerial personnel |
0.34 | |
| Dowells Electricals(DE) -do- |
0.08 | |
| D J Electricals Private Limited(DJEPL) -do- |
0.20 | |
| Tirupati Tradelinks Private Limited(TTPL) -do- |
40.89 | |
| (vi) Commission Payable |
||
| EPMR Australia Pty Ltd Enterprises owned or significantly influenced by key managerial personnel |
10.57 | |
| (vii) Security Depositsgiven |
||
| AK Enterprises Enterprises owned or significantly influenced by key managerial personnel |
5.91 |
Note:
Company has provided a guarantee for credit facility availed by the Ryker Base Private Limited amounting to ₹ 1,243.87 Million (31 March 2019 : ₹ 1,243.87 Million). The fair value of corporate guarantee ₹ 11.21 million (31 March 2019 : ₹ 11.21 Million) has been included in carrying cost of investment.
(F) Transactions with KMP:
- (i) Remuneration paid for the year ended and outstanding as on:[(a)]
| actions with KMP: |
actions with KMP: |
|---|---|
| Remuneration paid for the year ended and outstanding as on:(a) (₹ million) |
|
| 31 Mar 21 | |
| Six months period ended Outstanding for the yearend |
|
| Executive directors (Includes Salary, Performance Incentive and commission to |
|
| Mr. Inder T. Jaisinghani | 87.73 99.07 |
| Mr. Ramesh T. Jaisinghani | 18.20 7.50 |
| Mr. AjayT. Jaisinghani | 18.20 7.50 |
| Mr. Shyam Lal Bajaj | 15.80 6.17 |
| Non- Executive directors (Includes sitting fees and commission) |
|
| Mr. T P Ostwal |
1.60 2.00 |
| Mr. R S Sharma | 1.52 2.00 |
| Mr. PradeepPoddar | 1.52 2.00 |
| Ms. Hiroo Mirchandani | 1.44 2.00 |
| Key management personnel (Includes Salary and Performance Incentive) |
|
| Mr. Gandharv Tongia | 8.62 1.67 |
| Ms. Manita Gonsalves | 0.96 0.22 |
| Mr. Subramaniam Sai Narayana | 0.90 - |
(a) As the liabilities for gratuity and leave encashment are provided on actuarial basis for the Company as a whole, the amounts pertaining to the directors and KMP are not included above.
Polycab India Limited
==> picture [55 x 23] intentionally omitted <==
Details of Related Party Transactions on Consolidated Basis for the half year ended 31st March 2021
Related party disclosure
| (ii) | Share based payments to KMP(a) | |
|---|---|---|
| Year ended 31 Mar 21 |
||
| Mr. Shyam Lal Bajaj | 2.36 | |
| Mr. Gandharv Tongia | 1.06 | |
| Mr. Subramaniam Sai Narayana(b) |
(0.99) |
(a) Represents expense by way of share based payments attributable to directors and KMP
(b) During current year remaining options granted under Performance Scheme are forfeited post his resignation due to non-fulfilment of vesting criteria. (iii) Sale of fixed assets to KMP (including GST)
| (iii) | Sale of fixed assets to KMP (including GST) | Sale of fixed assets to KMP (including GST) |
|---|---|---|
| (iv) | Six months period ended Outstanding for the year end 31 Mar 21 |
|
| Mr. Ramesh T. Jaisinghani | 1.35 1.35 |
|
| Mr. AjayT. Jaisinghani | 2.36 0.17 |
|
| Mr. Puneet Sehgal | 0.55 0.55 |
|
| Transactions where KMP's are interested | ||
| Six months period ended Outstanding for the year end Nature of transaction 31 Mar 21 |
||
| Polycab Social Welfare Foundation Donation |
119.88 - |
|
| T.P. Ostwal & Associates LLP (excluding GST) Professional fees for tax advisory |
0.10 0.16 |
- (G) Transactions with relatives of KMP:
Remuneration paid for the year ended and outstanding as on:
| Six months period ended Outstanding for the year end 31 Mar 21 |
Six months period ended Outstanding for the year end 31 Mar 21 |
|---|---|
| Mr. Girdhari T. Jaisinghani | 5.32 2.18 |
| Mr. Bharat A. Jaisinghani | 7.55 2.98 |
| Mr. Nikhil R. Jaisinghani | 7.55 2.98 |
| Mr. Kunal I. Jaisinghani | 1.21 0.01 |