Shoppers Stop Ltd — Interim / Quarterly Report 2020

Jul 13, 2020

SEC/22/2020-21 July 13, 2020

BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street, Fort,Mumbai -400 001.	National Stock Exchange of India Ltd.Exchange Plaza,Bandra-Kurla Complex,Bandra (East), Mumbai-400 051.
Stock Code : 532638	Stock Symbol : SHOPERSTOP

Sub: Disclosure under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the SEBI Regulations")

Dear Sir / Madam,

Pursuant to the Regulation 23(9) of the SEBI Regulations, please find enclosed herewith the disclosure on Related Party Transactions, on consolidated basis prepared in accordance with the applicable accounting standards, for the half year ended March 31, 2020.

The aforesaid disclosure is also available on the corporate website of the Company and can be accessed using the link https://corporate.shoppersstop.com/investors/disclosures-under-listing-regulations.aspx

Kindly take the same on records.

Thank you.

Yours truly, For Shoppers Stop Ltd.

BHARAT KANAKLAL SANGHAVI Digitally signed by BHARAT KANAKLAL SANGHAVI Date: 2020.07.13 21:27:48 +05'30'

Bharat Sanghavi Company Secretary & Compliance Officer

Encl: A/a

SHOPPERS STOP LIMITED
Consolidated Related Party Disclosures for the half year ended 31 March 2020
(a)	Names of related parties and description of relationship:Key Management Personnel	Executive Director:Non Executive Directors :	Mr. Rajiv SuriMr. Ravi RahejaMr. Neel RahejaMr. B.S.NageshMr. Nitin SanghaviMr. Deepak GhaisasMr. Nirvik SinghMs. Ameera ShahMr. Manish ChokhaniMr. Robert Bready
		Chief Executive OfficerChief Financial Officer	Mr. Rajiv SuriMr. Karunakaran M.
		Company SecretaryHolding CompanySubsidiary Company(Crossword Bookstores Ltd)Chief Executive Officer(Crossword Bookstores Ltd)	Mr. Bharat SanghaviMs. Mukti Pandya (w.e.f. 30 July 2019)Mr. Chiragh Oberoi (w.e.f. 23 September 2019)
(b)	Promoter Directors	Mr. Chandru Raheja (upto 08 June 2018)Mr. Ravi RahejaMr. Neel Raheja
(c)	Entities in which Promoter Director is a director $	Ivory Properties and Hotels Private Limited Trion Properties Private Limited Inorbit Malls (India) Private LimitedChalet Hotels LimitedJuhu Beach Resorts Limited*K. Raheja Corp Private Limited*
(d)	Entities in which other Director is a Director /trustees $	Trust for Retailers & Retail Associates of IndiaTRRAIN Circle Private LimitedRetailers Association of India(All amounts Rs. in Crs)
	Nature	Entities in which a promoter directoris a director (refer (c) above) &Entities in which other Director is aDirector / trustees (refer (d) above)	Key ManagementPersonnel	Total
	Compensation to key management personnel -Shoppers Stop Limited
	Remuneration to Managing Director & ChiefExecutive Officer(Mr. Rajiv Suri, Chief Executive Officer was redesignated as Managing Director & Chief ExecutiveOfficer w.e.f. 08 June 2018)Short term benefits	--	4.564.54	4.56
	Post employment benefits **	-	-
	Share based paymentsRemuneration to Company SecretaryShort term benefitsPost employment benefits **Share based payments	-----	0.010.250.25--	0.25
	Remuneration to Chief Financial OfficerShort term benefitsPost employment benefits **Share based payments	----	0.700.70-(0.00)	0.70

BHARAT KANAKLAL SANGHAVI Digitally signed by BHARAT KANAKLAL SANGHAVI Date: 2020.07.13 21:29:43 +05'30'

Nature	Entities in which a promoter directoris a director (refer (c) above) &Entities in which other Director is aDirector / trustees (refer (d) above)	Key ManagementPersonnel	Total
Compensation to key management personnel -Crossword Bookstores Limited, Wholly ownedsubsidiary
Remuneration to Company Secretary	-	0.07	0.07
Short term benefits	-	0.07
Post employment benefits **	-	-
Share based payments	-	-
Remuneration to Chief Executive Officer	-	0.31	0.31
Short term benefits	-	0.31
Post employment benefits **	-	(0.00)
Share based payments	-	-
Other related party transactions
Payment of Business conducting fees #Ivory Properties and Hotels Private Limited *	8.488.48		8.48
Payment of Lease rent #	22.13		22.13
Ivory Properties and Hotels Private Limited *	-
Inorbit Malls (India) Private Limited *	16.11
Chalet Hotels Limited*Trion Properties Private Limited *	1.964.06
Payment of common area maintenance (Repair	5.23		5.23
& Maintenance- Building)Ivory Properties and Hotels Private Limited *	0.08
Inorbit Malls (India) Private Limited *	3.40
Chalet Hotels Limited*	0.32
Trion Properties Private Limited *	1.43
Reimbursement of Expenses	3.45	0.00	3.45
Inorbit Malls (India) Private Limited *	2.02
Trion Properties Private Limited Chalet Hotels Limited	0.700.72
TRRAIN Circle Private Limited	(0.00)
K. Raheja Corp Private Limited*	0.01
Mr. B.S.Nagesh	-	0.00
Advance Rent	0.04	-	0.04
Inorbit Malls (India) Private Limited *	0.04
Expenses paidMiscellaneous expenses	0.16	-	0.16
Chalet Hotels Limited*	0.03
Juhu Beach Resorts Limited*	0.11
Retailers Association of India	0.01
Corporate Social Responsibility expensesTrust for Retailers & Retail Associates of India	0.01
Sitting fees and commission toNon-Executive Directors		0.55	0.55
Mr. Ravi Raheja		0.07
Mr. Neel Raheja		0.05
Mr. B.S.Nagesh		0.05
Mr. Nitin Sanghavi		0.07
Mr. Deepak Ghaisas		0.09
Mr. Nirvik SinghMr. Manish Chokhani		0.090.06
Ms. Ameera Shah		0.05

	BHARATby BHARAT
	KANAKLALKANAKLALSANGHAVI
	SANGHAVIDate: 2020.07.13
	21:29:25 +05'30'
	The Company has given corporate guarantee to bank for loans taken by Crossword Bookstores Limited, a wholly owned subsidiary.
* These parties are not related to Shoppers Stop Ltd. per Ind AS 24 definition. These parties have been reported on the basis of their
classification as related party under the Companies Act 2013.
** Post employment benefits have been provided at gross level on totality basis and not available at individual employee level.
# w.e.f.1 April 2019 Right to Use Assets and Right to Use Liabilities are created on the same as per IND-AS 116. The payment towards
business conducting fees and lease rent during the year includes variable lease payments,repayment of lease liabilities and finance charges
as per IND-AS 116.$ Include only those entities with which related party(ies) have any transaction.
Terms and conditions of transactions with related parties
the financial position of the related party and the market in which the related party operates.	The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstandingbalances at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided orreceived for any related party receivables or payables. For the half year ended 31 March 2020, the Company has not recorded anyimpairment of receivables relating to amounts owed by related parties . This assessment is undertaken each financial year through examining
	10.168.702.872.03