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Shree Cements Ltd. Regulatory Filings 2021
62875_rns_2021-06-02_ff621702-2c78-4d52-b630-48c8ea845f68.pdf
Regulatory Filings
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CIN No. : L26943RJ1979PLC001935 Phone : 01462228101-6 Toll Free: 18001806003/6004 Fax: 01462228117/228119 E-Mail: [email protected] Website : www.shreecement.com
SHREE CEMENT LTD.
An ISO 9001, 14001,45001 & 50001 Certified Company Regd. Office: BANGUR NAGAR, POST BOX NO.33, BEAWAR 305901, RAJASTHAN, INDIA
SCLjBWRjSEj2021-22j 2nd June, 2021
FAX NO. 022 - 26598237 j 26598238 Email: [email protected] National Stock Exchange of India Limited, Exchange Plaza, Bandra - Kurla Complex, Bandra (East) MUMBAI- 400051 SCRIP CODE: SHREECEM EQ
FAX NO. 022-22722041/22722061
Email: [email protected] Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, MUMBAI- 400023 SCRIP CODE 500387
Attn: Listing Department
Sub: Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sirs,
Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the disclosure of Related Party Transactions on a consolidated basis, in the format specified in the accounting standards for the half year ended 31st March, 2021.
Kindly take the same on record.
Thanking you,
Yours fa t fully, For SHR CEMENT LIMITED
(5.5. KH COMPAN
Related party Disclosure (As per Ind AS 24- Related Party Disclosures)
Relationships:
(a) Subsidiary Company
(i) Shree Cement East Bengal Foundation (Refer Note)
- (b) Enterprises over which Key Management Personnel (KMP) are able to exercise control /significant influence with whom there were transactions during the year:
- (i) The Kamla Company Limited
- (ii) Shree Capital Services Ltd.
- (iii) Aqua Infra Project Limited
- (iv) Alfa Buildhome Pvt. Ltd.
- (v) Rajasthan Forum
- (vi) The Bengal
- (vii) Sant Parmanand Hospital
- (viii) Mannakrishna Investments Private Limited
- (ix) Karamyog Properties Private Limited
(c) Key Management Personnel:
(i) Shri H.M. Bangur
Managing Director
- (ii) Shri Prashant Bangur Joint Managing Director
- (iii) Shri P.N. Chhangani Whole Time Director
- (d) Relatives to Key Management Personnel: (i) Shri B.G. Bangur Father of Shri H.M. Bangur
(e) Post-Employment Benefit Plan Trust:
- (i) Shree Cement Staff Provident Fund
- (ii) Shree Cement Employees Group Gratuity Scheme
- (iii) Shree Cement Ltd., Superannuation Scheme
Disclosure of Related Party Transactions:
(a) Details of transactions with related parties:
(Rs. in Crore)
.' (;:: , :r.
• I " '"
| Particulars | 2020-2021 | 2019-2020 |
|---|---|---|
| Equity Contribution | ||
| - Subsidiary Company |
0.03 | - |
| Sale of Goods/Material | ||
| Entities controlled/ influenced by KMP - |
- | 0.03 |
| Subsidiary Company | 0.01 | - |
| Sale of Land | t\ | |
| Entities controll ed/ influenced by KMP - |
0.05 | \, - -, , |
| Particulars | 2020-2021 | 2019-2020 |
|---|---|---|
| Purchase of Goods/Material | ||
| - Entities controlled/ influenced by KMP (Rs. 7300 for the year ended 31st March, 2021) |
- | - |
| Services Received | ||
| - Entities controlled/ influenced by KMP |
0.80 | 0.93 |
| - Subsidiary Company |
26.85 | - |
| Payment of Office Rent | ||
| Entities controlled/ influenced by KMP - |
2.69 | 2.77 |
| Interest Income on loan | ||
| Subsidiary Company - |
0.20 | - |
| Contributions towards Social Activities | ||
| - Entities controlled/ influenced by KMP |
3.45 | 1.84 |
| loan Given | ||
| - Subsidiary Company |
16.75 | - |
(b) Details of balances with related parties
| (Rs. in crore) | |||
|---|---|---|---|
| Particulars | As at 31.03.2021 | As at 31.03.2020 | |
| Security deposit receivable | |||
| - Entities controlled/ influenced by KMP |
0.63 | 0.63 | |
| loan Receivable | |||
| Subsidiary Company - |
16.75 | - | |
| Interest Receivable | |||
| - Subsidiary Company |
0.20 | - |
(c) Key Management Personnel:
| -, (Rs. in crare) |
|||
|---|---|---|---|
| Particulars | 2020-2021 | 2019-2020 | |
| -- "" Short Term Benefits |
71.90 | 62.76 | |
| Post - Employment Benefits* | -- 4.48 |
4.14 | |
| - ---- -- Total |
1-------- 76.38 - |
66.90 |
*As the liability for gratuity are provided on actuarial basis for the Company as whole, amounts accrued pertaining to key management personnel are not included above.
(d) Relatives to Key Management Personnel:
| (Rs. in crore) | |||
|---|---|---|---|
| Particulars | 2020-2021 | 2019-2020 _. |
|
| - Director Commission, Sitting Fee and Reimbursement of Expenses |
0.03 | 0.37 |
(e) Information on transactions with post-employment benefit plans:
| Particulars | - 2- 0-2-0-2021 |
2~19.2020 |
|---|---|---|
| Contribution (including related insurance premium) paid/payable | 27.05 | 30.90 |
All the related party transactions are made in the normal course of business and on terms equivalent to those that prevail in arm's length transactions. The Company has not recorded any loss allowances for receivables relating to related parties.
Note: The Company has made investment of Rs. 0.03 crore in the equity shares of Shree Cement East Bengal Foundation ('SCEBF'), a company licensed under section 8 of the Companies Act, 2013. SCEBF is prohibited to distribute any dividend / economic benefits to its members, hence the Company is unable to earn any variable return/ economic benefits from the voting rights through its holding in equity shares of SCEBF. Therefore, the above investment does not meet the definition of control under Ind AS 110 -'Consolidated Financial Statements' and hence, not consolidated in the Consolidated Financial Statements.