Redington Limited — Audit Report / Information 2021

Jun 25, 2021

June 25, 2021

The National Stock Exchange of India Ltd., Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai – 400051.

Dear Sir/Madam,

Sub: Submission of Disclosure on Related Party Transactions

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose the disclosure of Related Party Transactions on consolidated basis for the year ended on March 31, 2021.

The same is also available on our website: https://redingtongroup.com/india/

We request you to kindly take the above information on record.

Thanking you, Very Truly Yours,

Digitally signed by Muthukumarsam Muthukumarsamy Muthukrishnan y Muthukrishnan Date: 2021.06.25 16:13:24 +05'30'

M. Muthukumarasamy Company Secretary

CC: BSE Ltd., Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001.

==> picture [175 x 48] intentionally omitted <==

1. Related party disclosures

a. Remuneration to Key Management Personnel (KMP)

Mr. Raj Shankar, Managing Director

Mr. S. V. Krishnan, Chief Financial Officer and Whole Time Director (Appointed as Whole Time Director w.e.f. May 22, 2019)

Mr. Kasturi Rangan (Resigned as Whole Time Director w.e.f. May 22, 2019)

(Refer note 2 for details of remuneration paid to KMP)

b. Names of the related parties

Entityhavingsignificant influence on the Company	Synnex Mauritius Limited, Mauritius*
Subsidiary of entity having significant influence on theCompany	Synnex Australia Pty Limited*
Associate	Redington(India)Investments Limited
Subsidiaryof the associate	Currents TechnologyRetail(India)Limited *

• Represents related parties with whom transactions have taken place during the year.

Nature of Transactions		For the year ended March 31, 2021		For the year ended March 31, 2020
		Entity having significant influence		Entity having significant influence
Synnex Mauritius Limited
Dividend paid			-	71.66
Nature of Transactions		For the year ended March 31, 2021		For the year ended March 31, 2020
	Subsidiary of entity having significant influence		Subsidiary of entity having significant influence
Synnex Australia Pty Limited
Service Charges – Income	0.26		0.32

==> picture [176 x 48] intentionally omitted <==

		₹inCrores
Nature of Transactions	For the year ended March 31, 2021	For the year ended March 31, 2020
	Subsidiary of associate	Subsidiary of associate
Currents Technology Retail (India) Limited
Sale of goods	0.30	19.74
Interest income	-	0.77
Purchase of intangible assets	-	9.91
Service charges – expense	-	0.86
Loan disbursed	-	33.10
Loan settled	-	58.20
Write off of loans	-	6.90
Write off of account receivables	-	10.36
		₹inCrores
Nature of Transactions	For the year ended March 31, 2021	For the year ended March 31, 2020
	Key Management Personnel	Key Management Personnel
Dividends paid	-	0.49

Details of receivable from Currents Technology Retail (India) Limited:

		₹inCrores March 31, 2020 0.82 0.05 0.35
Particulars	March 31, 2021
Amountpayable at theyear end	^
Amount receivable at theyear end	-
Advances received against supplies	-

^ Represents value less than ₹ 0.01 crore

2. Key managerial personnel remuneration

Remuneration to the key managerial personnel from the Company as below:

		₹inCrores
Nature of Transactions	For the year ended	For the year ended
	March 31, 2021	March 31, 2020
Salaries and bonus	1.12	1.17
Contribution toprovident fund	0.05	0.04
Stock compensation expense(SAR)	0.10	0.24
Total remuneration	1.27	1.45

a. Provision for gratuity and compensated absences are based on an actuarial valuation performed on an overall Company basis and hence excluded above.

==> picture [175 x 48] intentionally omitted <==

Remuneration to the Managing Director from a wholly owned overseas subsidiary is as below:

		₹inCrores
Particulars	For the year ended March 31, 2021	For the year ended March 31, 2020
Salaries and bonus(refer note a)	10.39	4.79
Contribution toprovident fund	0.05	0.05
Total	10.44	4.84

a. Salaries and bonus for the year ended March 31, 2021 includes differential performance bonus related to financial year 2019-20 amounting to ₹ 2.16 crores.