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RSWM Limited Regulatory Filings 2021
61804_rns_2021-06-22_96787136-7863-4e85-9231-9c25c06298a0.pdf
Regulatory Filings
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RSWM/SECTT/2021 June 22, 2021
| BSE Limited | National Stock Exchange oflndia Limited | |||
|---|---|---|---|---|
| Corporate Relationship Department, | Listing Department, | |||
| 1st Floor, New Trading Ring, | Exchange Plaza, C-1, Block - G, |
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| Rotunda Building, P.J. Towers, | Bandra-Kurla Complex, | |||
| Dalal Street, | Bandra (East), | |||
| MUMBAI - 400 001. |
MUMBAI - 400 051. |
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| Scrip Code: 500350 | Scrip Code: RSWM |
Sub: Disclosure of Related Party Transactions for the Half Year ended 31st March, 2021 pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir,
In accordance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Disclosure of Related Party Transactions on a consolidated basis for the Half Year ended 31st March, 2021.
The said Disclosure has also been published on the website of the Company.
We request you to kindly take note of the same.
Thanking you,
Yours faithfully, For RSWM LIMITED
TA AVP - LEGAL & COMPANY SECRETARY FCS-2615 [email protected]
Encl: As above
(Formerly Rajasthan Spinning & Weaving Mills Limited)
Corporate Office : Bhilwara Towers, A-12, Sec!or-1 Noida - 201 301 (NCR-Delhi), India Tel: +91-120-4390300 (EPABX) Fax: +91-120-4277841 Website: www.rswm .in GSTIN: 09AAACR9700M1Z1
Regd. Office: Kharigram, Post Office Gulabpura - 311 021 Dist!. Bhilwara, (Rajasthan), India Tel: +91-1483-223144 to 223150, 223478 Fax: +91-1483-223361,223479 Website: www.lnjbhilwara.com GSTIN: 08AAACR9700M1Z3
Corporate Identification Number: L 17115RJ 1960PLC008216
| LISI QE RELl:\If:;U fABIIBS AS fliB INQ AS ;a & BEGL! B~ |
RSWM LIMITED LAI!QN za OE SEB( a.ISIING Qfll,IGAIIQNSANQ UISCLQS!JR~ BEQL!IRl,;;M~NTS) L!1ATIQ~S. 2Q15 · MABCH, 2021 |
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|---|---|---|---|---|---|---|
| Name of Related Party S.No |
Nature of Relationship | |||||
| A | (i) A person or a close member o( tbat person's famllil o[a [epoctioe enticy bas i:ontcol il[ iolnt i:uottal Ollll[ the a:port101? eoticy | |||||
| Shrl Ravi Jhunjhunwala | Promoters having voting control | |||||
| Shri Riju Jhunjhunwala | Promoters having voting control | |||||
| (ii) A Pil[SOn or a close member oUhat person's famlb ofa reportini: entity has s.IL?nifli:aot inOueoi:e onr the a:portini: entity | ||||||
| Lakshmi Niwas Jhunjhunwala | ||||||
| Ravi jhunjhunwala | ||||||
| Mani Devi Jhunjhunwala | ||||||
| Riju Jhunjhunwala | ||||||
| Rita Jhunjhunwala | ||||||
| Rishabh Jhunjhunwala | ||||||
| A Jlll[mD or a .ciott member of that pe[son's ~of a report1n11 ifiltitt is a member of~ .Kl:l'. Manai:emeot Personnel of~ reportioL? | ||||||
| (iii) entiU'. or a( a paa:nt oftbe ceportin&? enti~. | ||||||
| Shri Ravi Jhunjhunwala | ||||||
| Shri Shekhar Agarwal | ||||||
| Shrl Riju Jhunjhunwala | Directors of the Company | |||||
| Shri Brij Mohan Sharma | ||||||
| Shri Arun Kumar Churiwal | ||||||
| Dr. Kamal Gupta Shri Priya Shankar Dasgupta |
||||||
| Shri Amar Nath Choudhary | ||||||
| Shri Deepak Jain | ||||||
| Smt Archana Capoor | ||||||
| Shri Avinash Bhargava (with effect from 11.08.2020) | Chief Finnacial Officer | |||||
| Shri Surender Gupta | Company Secretary | |||||
| B | (i) related to the others) | I.he~ and ~ repartina ifiltitt ~ members of~ ww:. &alllP. .(whicil means that t:a.ch parent. subsidiary and fellin! subsidiary ls | ||||
| N.A. | ||||||
| (ii) entln is a member) | one~ ls an associate or J.oint ~of~ n.tlw: ifiltitt .CW: an associate or i.il1nt ~of a member of a &alllP. of .whkh ~ mtw: | |||||
| Bhilwara Energy Limited | Associate | |||||
| LNJ Skills & Rozgar Pvt. Ltd. | Associate | |||||
| AD Hydro Power Ltd. | Subsidiary of Associate | |||||
| Malana Power Company Ltd. | Subsidiary of Associate | |||||
| Chango Yangthang Hydro Power Ltd. | Subsidiary of Associate | |||||
| NJC Hydro Power Ltd. | Subsidiary of Associate | |||||
| lndo Canadian Consultancy Services Pvt. L:td. | Subsidiary of Associate | |||||
| BG Wind Power Ltd. | Subsidiary of Associate | |||||
| Balephi jalbidhyut Company Limited, Nepal | Subsidiary of Associate | |||||
| LNJ Institute of Skills & Technology Pvt. Ltd. | Subsidiary of Associate | |||||
| (ill) Alililli:iaterl and other entities ace Joint J£entures 12[ t11e same third ar ~. | ||||||
| N.A. | ||||||
| (Iv) One Entin Is a ialnt J£ent11re oC a third pacn and the 1uhi::c 1mtlcy Is an associate 1:2Ulle third eotin | h LJ~ |
|||||
| ,~. N.A. l~f lti |
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| ~or '"~ |
* -
| S.No | Name of Related Party | Nature of Relationship | ||||
|---|---|---|---|---|---|---|
| The entity is a post-employment benefit plan for the benefit of employees of either the reporting entity or an entity related to the (v) reporting entity. If the reporting entity is itself such a plan, the sponsoring employers are also related to the reporting entity |
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| Rajspin Employees Contributory Provident Fund | Trust | |||||
| RSWM Limited Senior Executive Superannuation Fund Trust | Trust | |||||
| Rajasthan Spinning Gratuity Fund Trust | Trust | |||||
| (vi) | The entity is controlled or jointly controlled by a person identified in (A). | |||||
| Aadi Marketing Company Pvt. Ltd. | ||||||
| Agarwal Finestate Private Ltd | ||||||
| AKJ Apparels Pvt. Ltd. Akunth Textile Processors Pvt. Ltd. |
||||||
| Alankrit Vyapaar Pvt. Ltd. | ||||||
| Backcountry Estates Pvt. Ltd. | ||||||
| Bharat Investments Growth Limited | ||||||
| Bhilwara Technical Textiles Limited | ||||||
| Balkash Exim Pvt. Ltd. | ||||||
| BSL Limited | Holding more than 50% of Shareholding along with relatives in the Company. | |||||
| Captain Trade & Agencies Pvt. Ltd. | ||||||
| Churiwala Properties and Investments Pvt. Ltd. | ||||||
| Deepak Pens and Plastics Pvt. Ltd. Diplomat Leasing Private Limited |
||||||
| Dreamon Commercial Pvt. Ltd. | ||||||
| Elapara Investment Private Ltd. | ||||||
| Escape Vincom Private Ltd. | ||||||
| Glorious Commodeal Pvt. Ltd. | ||||||
| Giltedged Industrial Securities Ltd. | ||||||
| HEG Limited | ||||||
| Honour Dealers Private Ltd. | ||||||
| Emersec Holdings Pvt. Ltd. | ||||||
| India Texfab Marketing Ltd. Indus Life Finance and Securities Private Ltd. |
||||||
| Investors India Limited | ||||||
| Jet (India) Pvt. Ltd. | ||||||
| Jemco Vanijya Pvt. Ltd. | ||||||
| Kalati Holdings Pvt. Ltd. | ||||||
| Kotyark Distributors Pvt. Ltd LNJ Financial Services Limited |
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| LNJ Realty Pvt. Ltd. | ||||||
| Mandapam Vikash Pvt. Ltd. | ||||||
| Mandawa Niyojan Pvt. Ltd. | ||||||
| Maral Overseas Ltd. | ||||||
| MG Marketing & Trding Pvt. Ltd. Modify Distributors Private Limited |
Holding more than 50% of Shareholding along with relatives in the Company. | |||||
| ML Finlease Pvt. Ltd. | ||||||
| NR Finvest Pvt. Ltd | ||||||
| Nikita Electrotrades Pvt. Ltd. | ||||||
| New Delhi Law Offices | ||||||
| Pacific Management Pvt. Ltd. | ||||||
| Prapti Apparels Co. Pvt. Ltd. PRC Niyojan Pvt. Ltd |
||||||
| Promise Delers Pvt. Ltd. | ||||||
| Purvi Vanijya Niyojan Limited | ||||||
| Nivedan Vanijya Niyojan Ltd. | ||||||
| Raghav Commercial Limited | ||||||
| RANDR Trustee Pvt. Ltd. | ||||||
| Redrose Vanijya Private Limited | ||||||
| RLJ Family Trusteeship Pvt. Ltd. |
| S.No | Name of Related Party | Nature of Relationship | ||||
|---|---|---|---|---|---|---|
| RRJ Family Trustee Pvt. Ltd. | ||||||
| Sarita Computers Pvt. Ltd. | ||||||
| SKLNJ Family Trusteeship Pvt. Ltd. | ||||||
| Shashi Commercial Co. Ltd. | ||||||
| SSSA Family Private Limited | Holding more than 50% of Shareholding along with relatives in the Company. | |||||
| Strength Fincap Markets Pvt. Ltd. | ||||||
| Tinsukia Estate Private Ltd. | ||||||
| Vikram Properties and Merchandise Pvt. Ltd. | ||||||
| Veronia Tie Up Pvt. Ltd. | ||||||
| Zongoo Commercial Co. Pvt. Ltd | ||||||
| (vii) parent of the entity). | A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a | |||||
| $\mathbf{1}$ | Shri Ravi Jhnjhunwala | |||||
| AKJ Apparels Pvt. Ltd. | ||||||
| Akunth Textile Processors Pvt. Ltd. | ||||||
| Bhilwara Services Pvt. Ltd. | ||||||
| Bhilwara Infotechnology Ltd. | ||||||
| Captain Trade & Agencies Pvt. Ltd. | ||||||
| RANDR Trustee Pvt. Ltd. | ||||||
| Redrose Vanijya Private Limited | Holding 20% or more Shareholding along with relatives in the Company. | |||||
| RLJ Family Trusteeship Pvt. Ltd. | ||||||
| RRJ Family Trustee Pvt. Ltd. | ||||||
| Shashi Commercial Co. Ltd. | ||||||
| Shrasti Marketing Pvt. Ltd. | ||||||
| SKLNJ Family Trusteeship Pvt. Ltd. | ||||||
| Zongoo Commercial Co. Pvt. Ltd. | ||||||
| Veronia Tie up Pvt. Ltd. | ||||||
| $\overline{2}$ | Shri Riju Jhunjhunwala | |||||
| AKJ Apparels Pvt. Ltd. | ||||||
| Bhilwara Services Pvt. Ltd | ||||||
| Bhilwara Infotechnology Ltd. | ||||||
| Captain Trade & Agencies Pvt. Ltd. | ||||||
| RANDR Trustee Pvt. Ltd. | ||||||
| Redrose Vanijya Private Limited | Holding 20% or more Shareholding along with relatives in the Company. | |||||
| RLJ Family Trusteeship Pvt. Ltd. | ||||||
| RRJ Family Trustee Pvt. Ltd. | ||||||
| Shrasti Marketing Pvt. Ltd. | ||||||
| SKLNJ Family Trusteeship Pvt. Ltd. | ||||||
| Zongoo Commercial Co. Pvt. Ltd. | ||||||
| Veronia Tie up Pvt. Ltd. |
RSWM LIMITED Disclusure of Transaction between the Group and Related Parties for Half Year Ended 31-03-2021
| Transaction | Subsidiaries (Including their Subsidiaries ) |
Associates (Including Subsidiaries of Associates) |
Key Managerial Personnel |
A person and enterprises over which any person described is able to exercise significant influence over the reporting enterprises. |
Total |
|---|---|---|---|---|---|
| HY 31.03.2021 | HY 31.03.2021 | HY 31.03.2021 | HY 31.03.2021 | HY 31.03.2021 | |
| Sale of Finished Goods | 2,759.79 | 2,759.79 | |||
| Sale of Raw Material | ٠ | ٠ | $\overline{\phantom{a}}$ | 50.48 | 50.48 |
| Purchases of Raw Material & Finished Goods | ¥. | × | ٠ | 976.35 | 976.35 |
| Sale of Store Items | ۰ | ٠ | $\tilde{\mathbf{a}}$ | 0.95 | 0.95 |
| Purchase of Stores Items | ä. | $\bullet$ | 4.58 | 4.58 | |
| Rent Received | ۰ | 32.82 | ÷ | 54.98 | 87.80 |
| Rent Paid | ۰ | $\blacksquare$ | 24.49 | 24.49 | |
| Reimbursement of revenue expenditure received | w. | 21.58 | ٠ | 59.14 | 80.72 |
| Reimbursement of revenue expenditure made | $\overline{\phantom{a}}$ | 15.05 | ۰ | 12.20 | 27.25 |
| Job Charges Received | $\frac{1}{2}$ | $\,$ | 50.22 | 50.22 | |
| Job Charges paid | ٠ | $\blacksquare$ | $\blacksquare$ | 0.07 | 0.07 |
| Interest received | ×. | ۰ | $\blacksquare$ | 100.03 | 100.03 |
| Loan Taken | ×, | Ξ | $\omega$ | ||
| Interest Paid | $\overline{a}$ | ٠. | $\sim$ | 660.66 | 660.66 |
| RSWM Limited Senior Executive Superannuation | ¥ | ÷ | ٠ | 401.94 | 401.94 |
| Rajasthan Spinning Gratuity Fund Trust | ۰ | × | 82.19 | 82.19 | |
| Rajspin Employees Contributory Provident Fund | ÷ | $\blacksquare$ | × | 86.76 | 86.76 |
| Remuneration and other perquisites | |||||
| (a) Short-term employee benefits | ×. | $\blacksquare$ | 174.85 | u, | 174.85 |
| (b) Post-employment benefits | ٠ | ÷ | 13.64 | 13.64 | |
| Directors' Sitting Fees | × | ۰ | 38.25 | 38.25 | |
| Trade Receivable | $\frac{1}{2}$ | a, | $\overline{\phantom{a}}$ | 411.08 | 411.08 |
| Other Receivable | ۰ | 425.23 | $\frac{1}{2}$ | 289.49 | 714.72 |
| Trade Payable | ٠ | 1329.71 | ٠ | 14.64 | 1,344.35 |
| Loan Repayable | ۰ | 15,000.00 | 15,000.00 |
Terms & Conditions of transactions with related Parties:
The sales and purchases, services rendered to/from related parties and interest are made on terms equivalent to those that prevail in arms length transaction. Outstanding balances at the year end are unsecured and settlement occurs in cash. For the half year ended March 31, 2021, the Company has not recorded any impairment of receivables relating to amount owed by related parties.
This assessment is undertaken through out the financial year through examining the financial position of the related parties and the market in which the related parties operate.
Details of Guarantees
| Particulars | March 31, 2021 |
|---|---|
| RSWM has provided guarantees on behalf of its reporting entity:- | |
| Name of Reporting Entity | |
| A D Hydro Power Limited - India* | 600 |
| LNJ Skills & Rozgar Private Limited - India** | |
| * Guarantee given (jointly by the Company, Bhilwara Energy Limited and HEG Limited) to International Financial Corporation in terms of Guarantee agreement related to A D Hydro Power Limited. |
** The Company has given a letter of comfort to HDFC Bank Limited, Gurgaon against loan extended by the bank to LNJ Skills & Rozgar Private Limited. The Company does not expect any outflow of resources in respect of above financial guarantee / Letter of Comfort
