Sadbhav Infrastructure Project Limited — Audit Report / Information 2021

Jul 22, 2021

==> picture [123 x 61] intentionally omitted <==

==> picture [5 x 110] intentionally omitted <==

==> picture [245 x 107] intentionally omitted <==

Related Party disclosures for Sadbhav Infrastructure Project Limited on a consolidated basis for the period October 01, 2020 to March 31, 2021

==> picture [491 x 215] intentionally omitted <==

----- Start of picture text ----- A Details of Related PartiesDescription of relationship Name of the Related Party1 Holding Company Sadbhav Engineering Limited (SEL)2 Fellow Subsidiaries Sadbhav Gadag Highway Pvt.Ltd. (SGHPL)Entities in which Key Managerial Personnel3 ENNAAR INFRA SOLUTIONS LLPhaving significant interest4 Key Managerial Personnel Mr. Shashin V. Patel, Chairman and Non Executive DirectorMr. Vasistha C. Patel, Managing DirectorMr. Nitin R. Patel, Non Excecutive DirectorMr. Arunkumar Patel, Independent DirectorMrs. Daksha Shah, Independent DirectorMr. Sandip Patel, Independent DirectorMr. Varun Mehta, Chief Financial Officer (up to 16.10.2020 )Mr. Pradip Agarwal, Chief Financial Officer (w.e.f. 10.11.2020)Mr. Hardik Modi, Company Secretary----- End of picture text -----

B	Nature of Transactions with Related Parties
Sr. No.	Holding Company	(INR in Millions)
1	Unsecured Loan Taken	2,654.32
2	Unsecured Loan Given	200.06
3	Interest on Unsecured Loan Taken	321.90
4	Unsecured Loan repaid including Interest	1,976.01
5	Unsecured Loan received back	200.80
6	Interest on Unsecured Loan Given	3.19
7	Services received under EPC & Maintenance Contracts (Including UtilityShifting and Variation & Price Escalation)	4,050.72
8	Services rendered under EPC & Maintenance Contracts	266.47
9	Mobilization, Material and Other Advances given	2,281.83
10	Interest Income on Mobilization Advance	98.81
11	Mobilization and Material Advance adjusted against EPC	477.99
12	Rent, Re-Imbursement and Allocation of Expense	18.13
Sr. No.	Fellow Subsidiary	(INR in Millions)
1	Rent, Re-Imbursement and Allocation of Expense	3.62
Sr. No.	Entities in which Key Managerial Personnel having substanially interest	(INR in Millions)
1	Project Management Consultancy Services	9.30
Sr. No.	Key Managerial Personnel	(INR in Millions)
1	Director's Sitting fees	0.33
2	Remuneration	5.99

Notes:

(i) The transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions.

(ii) The remuneration disclosed above given to key managerial personnel is mainly related to short term employee benefits and does not include post employee benefits as the same is not determinable.