Pradeep Metals Ltd. — Regulatory Filings 2021

Nov 11, 2021

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11[th] November, 2021

The Secretary BSE Limited P J Towers, Dalal Street, Mumbai- 400001.

Dear Sir/Madam,

Subject: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the S E B I (Listing Obligations and Disclosure Requirement) Regulations, 2015 ("Listing Regulations")

Dear Sir,

Please find enclosed the Disclosure of Related Party Transactions pursuant to Regulation 23 (9) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 on consolidated basis for quarter and half year ended 30th September, 2021.

Please take the same on record.

For Pradeep Metals Limited

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Nivedita Nayak Company Secretary & Compliance Officer FCS: 8479

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Pradeep Metals Limited CIN: L99999MH1982PLC026191

Consolidated Related Party statement for the quarter and half year ended 30th September 2021

Name of the related parties and related party relationship

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Description of relationship Name of the Related Party
Enterprise having control over the Holding Company (Ultimate holding company) Nami Capital Private Limited (Formerly known as Rabale Engineering India Private Limited)
Director / Key management personnel (KMP) Mr. Pradeep Goyal, Chairman & Managing Director
Dr. Kewal K. Nohria, Non-Executive Director
Mrs. Neeru Pradeep Goyal, Non-Executive Director (Wife of Chairman & Managing Director)
Mr. Suresh G. Vaidya, Independent Director
Mr. Jayavardhan Dhar Diwan, Independent Director
Mrs. Nandita Vohra, Independent Director
Mr. Kartick Maheshwari, Independent Director
Mr. Abhinav Goyal , Non- Executive Director (w.e.f. 25th September, 2020) (Son of Chairman &
Managing Director)
Relatives of key management personnel Neha Goyal (Daughter in law of Chairman & Managing Director)
Wholly owned subsidiary Pradeep Metals Limited Inc., USA, Houston
Step down subsidiary of wholly owned subsidiary Dimensional Machine Works LLC, USA, Houston
Enterprises owned or significantly influenced by key management personnel or their relatives with Dhanlabh Engineering Works Private Limited
whom transactions taken place during the year
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Note: Designated Key Managerial Personnel as required by Section 203 of the Compnaies Act, 2013 are not considered to be Key Management Personnel (Related party) for the purpose of disclosure under Ind AS 24.

Name of the related party Mrs.Neeru Goyal Dr. Kewal K. Nohria Mr. Suresh G. Vaidya Mr. Jayavardhan Dhar Diwan Mr. Kartick Maheshwari Mrs. Nandita Vohra Mrs. Neha Goyal Mr. Abhinav Goyal Dhanlabh Engineering Works Private Limited Mr. Pradeep Goyal*	Nature of the transaction Labour charges paid Rent expenses (amortisation of Right-of-use) Electricity charges (Reimbursement) Sitting fees paid Sitting fees paid Sitting fees paid Sitting fees paid Sitting fees paid Sitting fees paid Remuneration (including other allowances) Incentive Remuneration (including other allowances) Sitting fees paid Remuneration (including other allowances)	(Rs. in lakhs) 2021 2020 2021 2020 17.11 12.93 38.85 17.67 10.62 10.62 21.24 21.24 4.30 4.34 8.98 5.17 0.25 0.50 0.50 0.75 1.70 1.25 2.20 2.00 1.70 1.25 2.20 2.00 1.70 1.25 2.20 2.00 1.23 0.75 1.73 1.50 1.20 0.50 1.45 0.75 27.00 25.00 54.00 48.33 - - 1.08 - 25.24 22.50 48.21 52.61 0.25 - 0.50 - 21.42 15.64 39.77 37.50 Three months ended Six months ended

Note: Sitting fees, commission, remuneration and incentive pay forms part of short term employee benefits.

• Does not include gratuity and leave encashment since the same is considered for all employees (including the Chairman & Managing Director) of the holding company as a whole and also does not include reimbursement of expenses.

			(Rs. in lakhs)
Name of the related party	Nature of outstanding	2021	2020
Dhanlabh Engineering Works	Trade payable	15.70 10.30
Private Limited
Mr. Abhinav Goyal	Remuneration payable	98.01 95.70
Mrs. Neha Goyal	Remuneration payable	4.00 1.99
Mr. Omprakash Agarwal (Non-	Commission payable		- 0.25
Exceutive Director expired on
15th November, 2019)

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For Pradeep Metals
Limited
Company Secretary &
Compliance Officer
FCS: 8479
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