SEPC LIMITED — Interim / Quarterly Report 2021

Jul 28, 2021

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The National Stock Exchange of India Ltd., Exchange Plaza, 5[th] Floor Bandra-Kurla Complex MUMBAI-400 051

BSE Limited 14[th] Floor, P.J. Towers Dalal Street MUMBAI-400 001

NSE Symbol SHRIRAMEPC

Scrip Code : 532945

28[th] July 2021

Dear Sir,

SUB: Submission of half yearly disclosure on Related Party Transactions as at 31[st] March 2021 pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018.

*

Please find enclosed the disclosure on related party transactions on consolidated basis as at 31[st] March, 2021 drawn in accordance with applicable accounting standards as per the requirements of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018.

Kindly take the same on record.

Thanking you,

Yours faithfully, For Shriram EPC Limited,

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T. SHIVARAMAN Managing Director & CEO

Encl.: a.a.

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New Registered Office Address: 10/1, Bascon Futura, 4th Floor, Venkatnarayana Road, T. Nagar, Chennai – 600 017. Ph.044-4900 5555

Shriram EPC Limited Notes forming part of the Financial Statements for the Year ended Mar 31, 2021

(Amount in ₹ lakhs, unless otherwise stated)

Disclosure of Related Parties/related party transactions pursuant to Ind AS 24 "Related Party Disclosures"

(A) List of related parties and description of relationship as identified and certified by the Company:

Investing Party

SVL Limited Subsidiary Shriram EPC FZE, Sharjah

Step Down Subsidiary

Shriram EPC Arkan LLC

Subsidiary of Investing Party

Shriram SEPL Composites Private Limited Bharat Coal Chemicals Limited (BCCL)

Enterprises under the joint control of the investing party:

Leitwind Shriram Manufacturing Private Limited

Associates

Haldia Coke and Chemicals Private Limited Ennore Coke Limited (Subsidiary of Haldia Coke and Chemicals Private Limited) Wellman Coke India Limited (Subsidiary of Haldia Coke and Chemicals Private Limited)

Key management personnel

T.Shivaraman - Managing Director

M.Amjad Shariff - Joint Managing Director

Other enterprises under the control of the key management personnel

Orient Green Power Company Limited Bharath Wind Farm Limited Clarion Windfarms Private Limited Beta Wind Farm Private Limited

Joint Operations

Larsen & Toubro Limited Shriram EPC JV Mokul Shriram EPC JV Shriram EPC Eurotech Environmental Pvt Ltd - JV SEPC DRS ITPL JV

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(B) Details of transactions with related party in the ordinary course of business for the year ended:

(i)Investing PartyExpenses incurred and recoverableInterest ExpenseTransfer of Advances / ReceivablesInvestments in Equity Shares (including premium)Loan Received (Net)(ii)SubsidiaryProgressive billings/RevenueManagement FeesExpenses incurred by the party(iii)Step Down SubsidiaryExpenses incurred by the party(iv)Subsidiary of Investing PartyShriram SEPL Composites Private LimitedExpenses incurred and recoverable(v)Enterprises under the joint control of the investing party:a) Leitwind Shriram Manufacturing Private LimitedExpenses incurred and recoverableFund Recived(vi)Associates(a) Ennore Coke LimitedTransfer of Advances / Receivables(b) Haldia Cokes and chemicals Pvt LtdTransfer of Advances / Receivables

31-Mar-2131-Mar-20

-908.654,808.684,280.63-5,194.75-5,422.260.524,274.30-1,528.80--19.46--39.71-26.79-9.291,400.0233.00--33.10--16.92

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(vii) Key Management Personnel (KMP)

Compensation of key management personnel T.Shivaraman 41.81 60.40 M.Amjad Shariff 41.84 60.15

(viii) Other enterprises under the control of the key management personnel

	(a) Orient Green Power Company Limited
	Expenses incurred and recoverable	-	0.93
(ix)	Joint Operations
	(a) Larsen & Toubro Limited Shriram EPC JV
	Company’s share in profit of Integrated Joint Ventures	285.72	-172.35
	Progressive billings / Revenue	-	512.18
	(b) Shriram EPC Eurotech Environmental Pvt Ltd - JV
	Progressive billings / Revenue	508.74	1,076.42
	(c) SEPC DRS ITPL JV
	Progressive billings / Revenue	547.54	663.99
	(d) Mokul Shriram EPC JV
	Progressive billings / Revenue	25,984	30,380

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(C)Amount due (to)/from related party as on:(i)ParticularsAdvances / (Borrowings):SVL LimitedBharat Wind Farm LimitedOrient Green Power Company LimitedReceivables /(Payables):Shriram EPC FZE, SharjahShriram EPC Arkan LLCOrient Green Power Company LimitedShriram EPC Eurotech Environmental Pvt Ltd - JVSEPC DRS ITPL JVLarsen & Toubro Limited Shriram EPC JVWellman Coke India LimitedShriram SEPL Composites Private LimitedLeitwind Shriram Manufacturing Private LimitedLeitwind Shriram Manufacturing Private Limited (Net of Provision for Expected Credit Lossof ₹ 9,141.70 Lakhs (March 31, 2019: ₹ 9,141.70 Lakhs)

31-Mar-2131-Mar-19

-339.55-27.483,201.623,815.404.714.71-0.411.41-0.594,110.442,312.942,312.94-0.00-1.41-78.84-70.45-507.9593.75256.1478.9178.91-259.93

(ii) Corporate Guarantees given by the Company Orient Green Power Company Limited

(D) The Company accounts for costs incurred by Related parties based on the actual invoice/debit notes raised and accruals as confirmed by such parties. The related parties have confirmed to the Management that as at March 31, 2021, March 31, 2020 there are no further amounts payable to/receivable from them, other than disclosed above.

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