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SPML Infra Limited Annual Report 2021
62612_rns_2021-07-28_3f3172be-9df4-4ac2-9acc-e6061367ba2e.pdf
Annual Report
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28th July, 2021
To, National Stock Exchange Exchange Plaza, Plot No. C/1, G Block, Sandra (E), Mumbai-400051
(NSE Scrip Code: SPMLINFRA)
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001
(BSEScrip Code: 500402)
Sub: Compliance under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulation. 2015
Dear Sirs,
In Compliance with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith disclosures of Related Party transactions on consolidated basis, for the year ended 31<t March, 2021.
Ki nclly take the above on record.
Thanking you,
For SPML Infra Li ?\j ?? Swati Agarwal
SPML INFRA LIMITED
22, Camac Street, Block-A, 3rd Floor, Kolkata- 700 016 Ph: +91 33 4009 1200/234/247 E-mail: [email protected] I Website: www.spml.co.in CIN: L40106DL1981PLC012228
Regd. Office: F-27/2, Okhla Industrial Area, Phase-II New Delhi-i ioozo ISO 9001,2015
Note 34: Disclosure in respect of Related Parties pursuant to Ind AS 24
List of Related Parties
I. Subsidiary Companies including Step-Down Subsidiary Companies: Names of related parties SPML Infrastructure Limited Madurai Municipal Waste Processing Co. Private. Limited SPML Utilities Limited Allahabad Waste Processing Co. Limited Mathura Nagar Waste Processing Co. Limited Mizoram Infrastructure Development Co. Limited (Applied for strike off on 19th October, 2020) SPML Infra Developers Limited (Applied for strike off on 13th December, 2019) Bhagalpur Electricity Distribution Co. Pvt. Ltd. Doon Valley Waste Management Private Limited Subhash Urja Private Limited (Applied for strike off on 13th December, 2019) SPMLIL- Amrutha Constructions Pvt Ltd
II. Joint Ventures of the Company Names of related parties Malviya Nagar Water Services Private Limited MVV Water Utility Private Limited Gurha Thermal Power Co. Ltd Aurangabad City Water Utility Co. Limited Hydro Comp Enterprises (India) Limited
- Ill. Associates of the Company Names of related parties Awa Power Company Private Limited Binwa Power Corporation Private Ltd Bhilwara Jaipur Toll Road Private Limited Delhi Waste Management Ltd IOU Power Company Private Ltd Neogal Power Company Private Ltd Sanmati Infra Developers (P) Ltd. SPML Bhiwandi Water Supply Infra Limited SPML Bhiwandi Water Supply Management Limited Subhash Kabini Power Corporation Limited SPML Energy Limited
- IV. Key Management Personnel Names of related parties Mr. Subhash Chand Sethi Mr. Sushil Kumar Sethi Mr. Dinesh Kumar Goyal Mr. Prem Singh Rana Mr. Pavitra Joshi Singh Mr. Abhinandan Sethi Mr. Laxmi Narayan Mandhana (Resigned w.e.f 15.09.2020 as CFO and 16.11.2020 as CS) Mr. Manoj Digga (Appointed w.e.f. 15.09.2020) Mrs. Swati Agarwal (Appointed w.e.f. 17.11.2020)
Nature of relationship Chairman Managing Director Independent Director Independent Director Independent Director Chief Operating Officer
Chief Financial Officer and Company Secretary
Chief Financial Officer
Company Secretary
- V. Relatives of Key Management Personnel Names of related parties Mr. Anil Kumar Sethi Mr. Harshavardhan Sethi Mrs. Maina Devi Sethi Mrs. Noopur Jain Mrs. Suman Sethi Mr. Abhinandan Sethi Mrs. Sandhya Rani Sethi
- Mr. Rishabh Sethi Mrs. Shilpa Sethi Dr. Ankit Jain Mrs. Priyanshi Sethi Mrs. Aanchal Sethi
Nature of relationship
- Brother of Chairman & Managing Director Son of Chairman Mother of Chairman & Managing Director Daughter of Managing Director Wife of Chairman Son of Chairman Wife of Managing Director Son of Managing Director Daughter in law of Chairman Son-in-law of Managing Director Daughter in law of Chairman Daughter in law of Managing Director
- VI. Entities over which Key Management Personnel & their relatives have significant influence Names of related parties
Add Energy Management Co. Private Limited Arihant Leasing & Holding Co. Limited Rishabh Homes Private Limited Subhash Systems Private Limited International Construction Limited SPM Engineers Limited Zoom Industrial Services Limited 20Th Century Engineering Limited SPML India Limited Pondicherry Special Economic Zone Company Limited Bharat Hydro Power Corporation Limited Om Metal-SPML Infra Project Private Limited Peacock Pearl Business Solution Pvt Ltd Sethi lnfratech Private Limited Acropolis Properties Pvt Ltd Niral Enterprises Pvt Ltd JWIL Infra Limited SPML Industries Limited Latur Water Supply Managment Company Limited PT Sanmati Natural Resources PT Bina lnsan Sukses Mandiri PT Vardhaman Mining Services PT Vardhaman Logistics Rabaan (S) Pte Limited Sanmati Corporate Investments Private Limited SJA Developers Private Limited SPM Holding Pte. Limited VidyaEdutech Private Limited Amrutha Constructions Private Limited
SPML INFRA LIMITED
Notes to the standalone financial statements as at and for the year ended March 31, 2021
Note 35:
A. During the year the following transactions were carried out with the related parties in the ordinary course of business:
| Rs. in Lakhs | |||
|---|---|---|---|
| Transaction | Related Party | Year ended | Year ended |
| March 31, 2021 | March 31, 2020 | ||
| Sale of Goods | Joint ventures | ||
| MVV Water Utility Pvt Ltd. | 38.31 | ||
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| JWIL Infra Limited | 66.30 | ||
| Interest Income | Subsidiary companies | ||
| Awa Power Company Private Limited | 116.67 | ||
| Binwa Power Corporation Private Limited | 8.35 | ||
| IQU Power Company Private Limited | 96.51 | ||
| Neogal Power Company Private Limited | 72.95 | ||
| SPML Energy Limited | 24.82 | ||
| SPML Infrastrucurte Limited | 51.41 | 54.35 | |
| Allahabad Waste Processing Company Limited | 3.89 | 3.51 | |
| Doon Valley Waste Management Private Limited | 4.74 | 4.26 | |
| Madurai Municipal Waste Processing Company Private Limited | 15.49 | 6.19 | |
| Bhagalpur Electricity Distribution Com Private Limited | 425.15 | 432.60 | |
| Subhash Kabini Power Corporation Limited | 118.29 | ||
| Associate companies | |||
| SPML Bhiwandi Water Supply Management Limited | 3.33 | ||
| SPML Bhiwandi Water Supply Infra Limited | 73.16 | ||
| Awa Power Company Private Limited | 165.86 | ÷ | |
| Binwa Power Corporation Private Limited | 8.18 | ||
| IQU Power Company Private Limited | 95.13 | ||
| Neogal Power Company Private Limited | 76.95 | ||
| SPML Energy Limited | 24.07 | ||
| Subhash Kabini Power Corporation Limited | 17.02 | ||
| Joint ventures | |||
| Gurha Thermal Power Co Limited | 114.78 | 116.44 | |
| MVV Water Utility Pvt Ltd. | 0.57 | ||
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| 20Th Century Engineering Limited | 0.02 | ||
| Bharat Hydro Power Corporation Limited | 15.50 | 0.02 | |
| Interest Expenses | Subsidiary companies | 15.69 | |
| Mathura Nagar Waste Processing Company Private Limited | 67.34 | 60.65 | |
| Delhi Waste Management Limited | 174.46 | ||
| Associate companies | |||
| Delhi Waste Management Limited | 396.40 | 183.18 | |
| Key managerial personnel (KMP) | |||
| Mr. Sushil Kumar Sethi | 15.63 | ||
| Entities where significant influence is exercised by KMP and /or relatives | |||
| Pondicherry Special Economic Zone Company Limited | |||
| SPML India Limited | 100.40 | ||
| Subhash Systems Private Limited | 72.94 | ||
| Zoom Industrial Services Limited | 23.68 | 33.60 | |
| Niral Enterprises Pvt Ltd | 1.85 | ||
| Sethi Infratech Private Limted | 126.94 | ||
| SPML Industries Limited | 0.01 | ||
| SPM Engineers Limited | 85.14 | 134.01 | |
| Bharat Hydro Power Corporation Limited | 3.23 | ||
| ÷ |
| Rent Expenses | Entities where significant influence is exercised by KMP and /or relatives | ||
|---|---|---|---|
| Arihant Leasing & Holding Company Limited | 6.00 | ||
| Loan/Advance Given/Repaid | Subsidiary companies | ||
| Awa Power Company Private Limited | ÷. | 660.84 | |
| Neogal Power Company Private Limited | 66.60 | ||
| SPML Energy Limited | 0.77 | ||
| SPML Infrastructure Limited | 0.73 | ||
| SPML Utilities Limited | 0.71 | 0.30 | |
| Delhi Waste Management Limited | 300.00 | ||
| SPML Infra Developers Limited | 4.25 | ||
| Madurai Municipal Waste Processing Company Private Limited | 102.59 | 85.54 | |
| Bhagalpur Electricity Distribution Com Private Limited | 3.00 | ||
| Subhash Kabini Power Corporation Limited | 180.00 | ||
| Associate companies | |||
| SPML Bhiwandi Water Supply Management Limited | 0.65 | 0.21 | |
| SPML Bhiwandi Water Supply Infra Limited | 0.65 | 0.22 | |
| Delhi Waste Management Limited | ÷ | 18.00 | |
| SPML Energy Limited | 0.26 | ||
| Subhash Kabini Power Corporation Limited | 0.03 | ||
| Joint ventures | |||
| MVV Water Utility Pvt Ltd. | 0.40 | 157.30 | |
| Gurha Thermal Power Co Limited | 0.01 | ||
| Hydro-Comp Enterprises (India) Private Limited | 0.40 | 0.11 | |
| Key managerial personnel (KMP) | |||
| Mr. Subhash Chand Sethi | 31.21 | ||
| Relative of KMP | |||
| Mr. Abhinandan Sethi | 1.30 | ||
| Entities where significant influence is exercised by KMP and /or relatives | |||
| Pondicherry Special Economic Zone Company Limited | 110.80 | 9.16 | |
| Add Realty Ltd. | |||
| SPML India Limited | 136.99 | ||
| Subhash Systems Private Limited | 380.00 | 30.05 | |
| 20Th Century Engineering Limited | 0.01 | ||
| Zoom Industrial Services Limited | 201.59 | ||
| Niral Enterprises Pvt Ltd | 114.25 | 0.16 | |
| Sethi Infratech Private Limted | 0.07 | ||
| SPML Industries Limited | 1,366.37 | 209.43 | |
| SPM Engineers Limited | ÷, | 35.94 | |
| Loan/Advance Taken/Repaid | Bharat Hydro Power Corporation LimitedSubsidiary companies | 1.18 | |
| Awa Power Company Private Limited | 7.98 | ||
| Binwa Power Corporation Private Limited | 4.00 | ||
| SPML Energy Limited | 6.00 | ||
| SPML Infrastructure Limited | 108.95 | 396.37 | |
| Bhagalpur Electricity Distribution Com Private Limited | 40.001,385.52 | ||
|---|---|---|---|
| Subhash Kabini Power Corporation LimitedSubhash Urja Private Limited | 0.01 | ||
| Associate companies | |||
| Delhi Waste Management Limited | 1.08 | ||
| Joint ventures | |||
| MVV Water Utility Pvt Ltd. | 28.95 | 54.82 | |
| Key managerial personnel (KMP) | |||
| Mr. Sushil Kumar Sethi | $\frac{1}{2}$ | ||
| Mr. Subhash Chand Sethi | |||
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| Add Realty Ltd. | |||
| SPML India Limited | 158.65 | ||
| Subhash Systems Private Limited | 1.50 | ||
| Zoom Industrial Services Limited | 1,746.37 | 200.00 | |
| SPML Industries Limited | |||
| Bharat Hydro Power Corporation Limited | |||
| Managerial Remuneration/Sitting Fees | Mr. Sushil Kumar Sethi | 82.78 | 121.60 |
| Mr. Subhash Chand Sethi | 82.78 | 121.60 | |
| Mr. Abhinandan Sethi | 62.08 | 90.00 | |
| Mr. Supriyo Kumar Chaudhari | ٠ | 1.20 | |
| Mr. Dinesh Kumar Goyal | 3.20 | 3.00 | |
| Mr. Prem Singh Rana | 3.20 | 3.40 | |
| Mr. Pavitra Joshi Singh | 1.60 | 2.10 | |
| Mr. Sarthak Behuria | 1.90 | ||
| Mr. Laxmi Narayan Mandhana | 18.68 | 35.93 | |
| Mr. Manoj Digga | 58.88 | $\sim$ | |
| Mrs. Swati Agarwal | 2.90 | ||
| Mr. Sujit Kumar Jhunjhunwala | 8.69 | ||
| Mr. Abhay Raj Singh | 5.79 |
| B. Balances outstanding at the year end: | |||
|---|---|---|---|
| Outstanding | Related Party | As at March 31,2021 | As at March 31,2020 |
| Payable | Subsidiary companies | 529.63 | |
| Mathura Nagar Waste Processing Company Limited | 591.51 | ||
| Associate companies | |||
| Delhi Waste Management Limited | 3,515.28 | 3,150.98 | |
| Key managerial personnel (KMP) | |||
| Mr. Sushil Kumar Sethi | 168.35 | 169.26 | |
| Mr. Subhash Chand Sethi | 0.52 | ||
| Relative of KMP | |||
| Mr. Abhinandan Sethi | 12.66 | ||
| Mrs. Preeti Devi sethi | 26.33 | 26.33 | |
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| Add Technologies (India) Limited | 27.42 | 27.42 | |
| Arihant Leasing & Holding Company Limited | 55.92 | 50.37 | |
| Subhash Systems Private Limited | 358.29 | ||
| SPML Industries Limited | 0.00 | 1,288.31 | |
| SPM Engineers Limited | |||
| Zoom Industrial Services Limited | 1,766.77 | 20.39 | |
| SPML India Limited | 822.03 | 822.03 | |
| Pondicherry Special Economic Zone Company Limited | 794.71 | 905.51 | |
| Sethi Infratech Private Limted | 0.00 | ||
| Niral Enterprises Pvt Ltd | 1,298.30 | 1,412.55 |
| Receivable | Subsidiary companies | ||
|---|---|---|---|
| SPML Infrastructure Limited | 400.76 | 462.81 | |
| Luni Power Company Private Limited | 546.58 | ä, | |
| SPML Utilities Limited | 556.87 | 556.17 | |
| Allahabad Waste Processing Company Limited | 34.72 | 31.14 | |
| Bhagalpur Electricity Distribution Company Private Limited | 6,614.61 | 6,223.92 | |
| 209.11 | 92.26 | ||
| Madurai Municipal Waste Processing Company Private Limited | 42.26 | 37.90 | |
| Doon Valley Waste Management Private Limited | Ŷ. | ||
| Subhash Urja Private Limited | |||
| Subhash Kabini Power Corporation Limited | |||
| SPML Energy Limited | |||
| Awa Power Company Private Limited | |||
| IQU Power Company Private Limited | |||
| Neogal Power Company Private Limited | |||
| Add Energy Management co. Private Limited | $\overline{a}$ | ||
| Joint ventures | |||
| Malviya Nagar Water Services Pvt .Ltd | 450.16 | 450.16 | |
| MVV Water Utility Pvt Ltd. | 526.95 | 557.34 | |
| Gurha Thermal Power Co Limited | 1,401.22 | 1,295.73 | |
| Aurangabad City Water Utility Company Limited | 215.99 | 215.99 | |
| 1.02 | 0.62 | ||
| Hydro-Comp Enterprises (India) Private Limited | |||
| Associate companies | 207.73 | 192.06 | |
| Subhash Kabini Power Corporation Limited | 271.58 | ||
| SPML Energy Limited | 293.96 | ||
| Awa Power Company Private Limited | 2,204.35 | 2,051.94 | |
| Binwa Power Corporation Private Limited | 99.90 | 92.38 | |
| IQU Power Company Private Limited | 1,164.39 | 1,076.97 | |
| Neogal Power Company Private Limited | 1,021.67 | 950.96 | |
| SPML Bhiwandi Water Supply Infra Limited | 1,043.76 | 1,043.11 | |
| SPML Bhiwandi Water Supply Management Limited | 48.30 | 47.65 | |
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| Add Energy Management co. Private Limited | 133.96 | 133.96 | |
| 20Th Century Engineering Limited | 0.22 | 0.20 | |
| International Construction Limited | 1,046.20 | 1,046.20 | |
| Sanmati Power Company Private Limited | 251.25 | 251.25 | |
| 0.77 | 0.77 | ||
| Meena Holdings Limited | 189.26 | 175.01 | |
| Bharat Hydro Power Corporation Limited | 1.08 | 1.08 | |
| Acropolis Properties Pvt Ltd | 5.73 | 392.20 | |
| JWIL Infra Limited | 0.13 | 0.13 | |
| Peacock Pearl Business Solution Pvt Ltd | |||
| Corporate Guarantee outstanding (Also | Subsidiary companies | ||
| Refer Note 33 for details of security given) | Madurai Municipal Waste Processing Company Private Limited | 1,954.23 | |
| Associate companies | |||
| Bhilwara Jaipur Toll Road Private Limited | 19,002.02 | 18,502.08 | |
| Subhash Kabini Power Corporation Limited | 47.31 | 1,249.99 | |
| Performance Guarantee outstanding | Associate companies | ||
| MVV Water Utility Private Limited | 216.00 | 281.00 | |
| C. Details of remuneration to Key Managerial Personnel is given below | Rs.in Lakhs |
| ks in Lakhs | |
|---|---|
| 2020-21 | 2019-20 |
| 288.02 | 367.13 |
| 28.08 | 28.08 |
| 316.10 | 395.21 |
Notes:Terms and conditions of transactions with related parties:Related party transactions were made on terms equivalent to those that prevail in arm's length transactions.
Note 34: Disclosure in respect of Related Parties pursuant to Ind AS 24
List of Related Parties
- I. Subsidiary Companies including Step-Down Subsidiary Companies: Names of related parties SPML Infrastructure Limited Madurai Municipal Waste Processing Co. Private. Limited SPML Utilities Limited Allahabad Waste Processing Co. Limited Mathura Nagar Waste Processing Co. Limited Mizoram Infrastructure Development Co. Limited (Applied for strike off on 19th October, 2020) SPML Infra Developers Limited (Applied for strike off on 13th December, 2019) Bhagalpur Electricity Distribution Co. Pvt. Ltd. Doon Valley Waste Management Private Limited Subhash Urja Private Limited (Applied for strike off on 13th December, 2019) SPMLIL- Amrutha Constructions Pvt Ltd
- II. Joint Ventures of the Company Names of related parties Malviya Nagar Water Services Private Limited MVV Water UtilityPrivate Limited Gurha Thermal Power Co. Ltd Aurangabad City Water UtilityCo. Limited Hydro Comp Enterprises (India) Limited
- Ill. Associates of the Company Names of related parties Awa Power Company Private Limited Binwa Power Corporation Private Ltd Bhilwara Jaipur Toll Road Private Limited Delhi Waste Management Ltd IOU Power Company Private Ltd Neoga! Power Company Private Ltd Sanmati Infra Developers (P) Ltd. SPML Bhiwandi Water Supply Infra Limited SPML Bhiwandi Water Supply Management Limited Subhash Kabini Power Corporation Limited SPML Energy Limited
- IV. Key Management Personnel Names of related parties Mr. Subhash Chand Sethi Mr. Sushil Kumar Sethi Mr. Dinesh Kumar Goyal Mr. Prem Singh Rana Mr. Pavitra Joshi Singh Mr. Abhinandan Sethi Mr. Laxmi Narayan Mandhana (Resigned w.e.f 15.09.2020 as CFO and 16.11.2020 as CS) Mr. Manoj Digga (Appointed w.e.f. 15.09.2020) Mrs. Swati Agarwal (Appointed w.e.f. 17.11.2020)
Nature of relationship Chairman Managing Director Independent Director Independent Director Independent Director Chief Operating Officer
Chief Financial Officer and Company Secretary
Chief Financial Officer
Company Secretary
V. Relatives of Key Management Personnel
Names of related parties Mr. Anil Kumar Sethi Mr. Harshavardhan Sethi Mrs. Maina Devi Sethi Mrs. Noopur Jain Mrs. Suman Sethi Mr. Abhinandan Sethi Mrs. Sandhya Rani Sethi Mr. Rishabh Sethi Mrs. Shilpa Sethi Dr. Ankit Jain Mrs. Priyanshi Sethi Mrs. Aanchal Sethi
Nature of relationship
- Brother of Chairman & Managing Director Son of Chairman Mother of Chairman & Managing Director Daughter of Managing Director Wife of Chairman Son of Chairman Wife of Managing Director Son of Managing Director Daughter in law of Chairman Son-in-law of Managing Director Daughter in law of Chairman Daughter in law of Managing Director
- VI. Entities over which Key Management Personnel & their relatives have significant influence Names of related parties
Add Energy Management Co. Private Limited Arihant Leasing & Holding Co. Limited Rishabh Homes Private Limited Subhash Systems Private Limited International Construction Limited SPM Engineers Limited Zoom Industrial Services Limited 20Th Century Engineering Limited SPML India Limited Pondicherry Special Economic Zone Company Limited Bharat Hydro Power Corporation Limited Om Metal-SPML Infra Project Private Limited Peacock Pearl Business Solution Pvt Ltd Sethi lnfratech Private Limited Acropolis Properiies Pvt Ltd Niral Enterprises Pvt Ltd JWIL Infra Limited SPML Industries Limited Latur Water Supply Managment Company Limited PT Sanmati Natural Resources PT Bina lnsan Sukses Mandiri PT Vardhaman Mining Services PT Vardhaman Logistics Rabaan (S) Pte Limited Sanmati Corporate Investments Private Limited SJA Developers Private Limited SPM Holding Pte. Limited VidyaEdutech Private Limited Arnrutha Constructions Private Limited
SPML INFRA LIMITED
Notes to the consolidated financial statements as at and for the year ended March 31, 2021
Note 35:
A. During the year the following transactions were carried out with the related parties in the ordinary course of business:
| Rs. in Lakhs | |||
|---|---|---|---|
| Transaction | Related Party | Year endedMarch 31, 2021 | Year endedMarch 31, 2020 |
| Sale of Goods | Joint venturesMVV Water Utility Pvt Ltd. | 38.31 | |
| Entities where significant influence is exercised by KMP and /or relatives | |||
| IWIL Infra Limited | ×, | 66.30 | |
| Interest Income | Subsidiary companies | ||
| Awa Power Company Private Limited | 116.67 | ||
| Binwa Power Corporation Private Limited | 8.35 | ||
| IQU Power Company Private Limited | 96.5172.95 | ||
| Neogal Power Company Private LimitedSPML Energy Limited | 24.82 | ||
| SPML Infrastrucurte Limited | 51.41 | 54.35 | |
| Allahabad Waste Processing Company Limited | 3.89 | 3.51 | |
| Doon Valley Waste Management Private Limited | 4.74 | 4.26 | |
| Madurai Municipal Waste Processing Company Private Limited | 15.49 | 6.19 | |
| Bhagalpur Electricity Distribution Com Private Limited | 425.15 | 432.60 | |
| Subhash Kabini Power Corporation Limited | 118.29 | ||
| Associate companies | |||
| SPML Bhiwandi Water Supply Management Limited | 3.3373.16 | ||
| SPML Bhiwandi Water Supply Infra LimitedAwa Power Company Private Limited | 165.86 | ×, | |
| Binwa Power Corporation Private Limited | 8.18 | ||
| IQU Power Company Private Limited | 95.13 | ||
| Neogal Power Company Private Limited | 76.95 | ||
| SPML Energy Limited | 24.07 | ||
| Subhash Kabini Power Corporation Limited | 17.02 | ||
| Joint ventures | |||
| Gurha Thermal Power Co LimitedMVV Water Utility Pvt Ltd. | 114.78 | 116.440.57 | |
| Entities where significant influence is exercised by KMP and /or relatives | |||
| 20Th Century Engineering Limited | 0.02 | 0.02 | |
| Bharat Hydro Power Corporation Limited | 15.50 | 15.69 | |
| Interest Expenses | Subsidiary companiesMathura Nagar Waste Processing Company Private Limited | 67.34 | 60.65 |
| Delhi Waste Management Limited | 174.46 | ||
| Associate companiesDelhi Waste Management Limited | 396.40 | 183.18 | |
| Key managerial personnel (KMP) | |||
| Mr. Sushil Kumar Sethi | 15.63 | ||
| Entities where significant influence is exercised by KMP and /or relatives | |||
| Pondicherry Special Economic Zone Company Limited | ×, | 100.40 | |
| SPML India Limited | 72.94 | ||
| Subhash Systems Private Limited | 23.68 | 33.60 | |
| Zoom Industrial Services Limited | 1.85 | ||
| Niral Enterprises Pvt LtdSethi Infratech Private Limted | 126.940.01 | ||
| SPML Industries Limited | 85.14 | 134.01 | |
| SPM Engineers Limited | 3.23 | ||
| Bharat Hydro Power Corporation Limited |
$\overline{\phantom{a}}$
| Rent Expenses | Entities where significant influence is exercised by KMP and / | ||
|---|---|---|---|
| or relatives | |||
| Arihant Leasing & Holding Company Limited | 6.00 | ||
| Loan/Advance Given/Repaid | Subsidiary companies | ||
| Awa Power Company Private Limited | 660.84 | ||
| Neogal Power Company Private Limited | 66.60 | ||
| SPML Energy Limited | 0.77 | ||
| SPML Infrastructure Limited | i. | 0.73 | |
| SPML Utilities Limited | 0.71 | 0.30 | |
| Delhi Waste Management Limited | 300.00 | ||
| SPML Infra Developers Limited | 4.25 | ||
| Madurai Municipal Waste Processing Company Private Limited | 102.59 | 85.54 | |
| Bhagalpur Electricity Distribution Com Private Limited | i. | 3.00 | |
| Subhash Kabini Power Corporation Limited | 180.00 | ||
| Associate companies | |||
| SPML Bhiwandi Water Supply Management Limited | 0.65 | ||
| 0.21 | |||
| SPML Bhiwandi Water Supply Infra Limited | 0.65 | 0.22 | |
| Delhi Waste Management Limited | à, | 18.00 | |
| SPML Energy Limited | 0.26 | ÷ | |
| Subhash Kabini Power Corporation Limited | 0.03 | ò. | |
| Joint ventures | |||
| MVV Water Utility Pvt Ltd. | 0.40 | 157.30 | |
| Gurha Thermal Power Co Limited | 0.01 | ||
| Hydro-Comp Enterprises (India) Private Limited | 0.40 | 0.11 | |
| Key managerial personnel (KMP) | |||
| Mr. Subhash Chand Sethi | 31.21 | ||
| Relative of KMP | |||
| Mr. Abhinandan Sethi | 1.30 | ||
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| Pondicherry Special Economic Zone Company Limited | 110.80 | 9.16 | |
| Add Realty Ltd. | ä, | ||
| SPML India Limited | 136.99 | ||
| Subhash Systems Private Limited | 380.00 | 30.05 | |
| 20Th Century Engineering Limited | 0.01 | ||
| Zoom Industrial Services Limited | 201.59 | ||
| Niral Enterprises Pvt Ltd | 114.25 | 0.16 | |
| Sethi Infratech Private Limted | 0.07 | ||
| SPML Industries Limited | 1,366.37 | 209.43 | |
| SPM Engineers Limited | 35.94 | ||
| Bharat Hydro Power Corporation Limited | 1.18 | ||
$\propto$
| Loan/Advance Taken/Repaid | Subsidiary companies | ||
|---|---|---|---|
| Awa Power Company Private Limited | 7.98 | ||
| Binwa Power Corporation Private Limited | 4.00 | ||
| SPML Energy Limited | 6.00 | ||
| SPML Infrastructure Limited | 108.95 | 396.37 | |
| Bhagalpur Electricity Distribution Com Private Limited | 40.00 | ||
| Subhash Kabini Power Corporation Limited | 1,385.52 | ||
| Subhash Urja Private Limited | 0.01 | ||
| Associate companies | |||
| Delhi Waste Management Limited | - | 1.08 | |
| Joint ventures | |||
| MVV Water Utility Pvt Ltd. | 28.95 | 54.82 | |
| Entities where significant influence is exercised by KMP and / | |||
| or relativesSPML India Limited | ٠ | 158.65 | |
| 1.50 | |||
| Subhash Systems Private LimitedZoom Industrial Services Limited | 1,746.37 | 200.00 | |
| Mr. Sushil Kumar Sethi | 82.78 | 121.60 | |
| Managerial Remuneration/Sitting Fees | Mr. Subhash Chand Sethi | 82.78 | 121.60 |
| Mr. Abhinandan Sethi | 62.08 | 90.00 | |
| 1.20 | |||
| Mr. Supriyo Kumar Chaudhari | 3.20 | 3.00 | |
| Mr. Dinesh Kumar Goyal | 3.20 | 3.40 | |
| Mr. Prem Singh Rana | 2.10 | ||
| Mr. Pavitra Joshi Singh | 1.60 | ||
| Mr. Sarthak Behuria | 1.90 | ||
| Mr. Laxmi Narayan Mandhana | 18.68 | 35.93 | |
| Mr. Manoj Digga | 58.88 | ||
| Mrs. Swati Agarwal | 2.90 | ||
| Mr. Sujit Kumar Jhunjhunwala | 8.69 | ||
| Mr. Abhay Raj Singh | 5.79 |
| B. Balances outstanding at the year end: | |||
|---|---|---|---|
| Outstanding | Related Party | As at March 31, | As at March 31, |
| 2021 | 2020 | ||
| Payable | Subsidiary companies | ||
| Mathura Nagar Waste Processing Company Limited | 591.51 | 529.63 | |
| Associate companies | |||
| Delhi Waste Management Limited | 3,515.28 | 3,150.98 | |
| Key managerial personnel (KMP) | |||
| Mr. Sushil Kumar Sethi | 168.35 | 169.26 | |
| Mr. Subhash Chand Sethi | 0.52 | ||
| Relative of KMP | |||
| Mr. Abhinandan Sethi | 12.66 | ||
| Mrs. Preeti Devi sethi | 26.33 | 26.33 | |
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| Add Technologies (India) Limited | 27.42 | 27.42 | |
| Arihant Leasing & Holding Company Limited | 55.92 | 50.37 | |
| Subhash Systems Private Limited | $-0.00$ | 358.29 | |
| SPML Industries Limited | 0.00 | 1,288.31 | |
| SPM Engineers Limited | ÷. | ||
| Zoom Industrial Services Limited | 1,766.77 | 20.39 | |
| SPML India Limited | 822.03 | 822.03 | |
| Pondicherry Special Economic Zone Company Limited | 794.71 | 905.51 | |
| Sethi Infratech Private Limted | 0.00 | ||
| Nim Enterprises Put Ltd. | 1,298.30 | 1,412.55 |
| Receivable | Subsidiary companiesSPML Infrastructure Limited | 400.76 | 462.81 |
|---|---|---|---|
| SPML Utilities Limited | 556.87 | 556.17 | |
| Allahabad Waste Processing Company Limited | 34.72 | 31.14 | |
| Bhagalpur Electricity Distribution Company Private Limited | 6,614.61 | 6,223.92 | |
| 209.11 | 92.26 | ||
| Madurai Municipal Waste Processing Company Private Limited | 42.26 | 37.90 | |
| Doon Valley Waste Management Private Limited | |||
| Joint ventures | |||
| Malviya Nagar Water Services Pvt .Ltd | 450.16 | 450.16 | |
| MVV Water Utility Pvt Ltd. | 526.95 | 557.34 | |
| Gurha Thermal Power Co Limited | 1,401.22 | 1,295.73 | |
| Aurangabad City Water Utility Company Limited | 215.99 | 215.99 | |
| Hydro-Comp Enterprises (India) Private Limited | 1.02 | 0.62 | |
| Associate companiesSubhash Kabini Power Corporation Limited | 207.73 | 192.06 | |
| SPML Energy Limited | 293.96 | 271.58 | |
| 2,204.35 | 2,051.94 | ||
| Awa Power Company Private Limited | 99.90 | 92.38 | |
| Binwa Power Corporation Private Limited | 1,164.39 | 1,076.97 | |
| IQU Power Company Private Limited | 1,021.67 | 950.96 | |
| Neogal Power Company Private Limited | 1,043.76 | 1,043.11 | |
| SPML Bhiwandi Water Supply Infra Limited | 48.30 | 47.65 | |
| SPML Bhiwandi Water Supply Management Limited | |||
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| Add Energy Management co. Private Limited | 133.96 | 133.96 | |
| 20Th Century Engineering Limited | 0.22 | 0.20 | |
| International Construction Limited | 1,046.20 | 1,046.20 | |
| Sanmati Power Company Private Limited | 251.25 | 251.25 | |
| Meena Holdings Limited | 0.77 | 0.77 | |
| Bharat Hydro Power Corporation Limited | 189.26 | 175.01 | |
| Acropolis Properties Pvt Ltd | 1.08 | 1.08 | |
| IWIL Infra Limited | 5.73 | 392.20 | |
| Peacock Pearl Business Solution Pvt Ltd | 0.13 | 0.13 | |
| Corporate Guarantee outstanding (Also | Subsidiary companies | 1,954.23 | |
| Refer Note 33 for details of security given) | Madurai Municipal Waste Processing Company Private Limited | ||
| Associate companies | |||
| Bhilwara Jaipur Toll Road Private Limited | 19,002.02 | 18,502.08 | |
| Subhash Kabini Power Corporation Limited | 47.31 | 1,249.99 | |
| Performance Guarantee outstanding | Associate companies | ||
| MVV Water Utility Private Limited | 216.00 | 281.00 | |
| C. Details of remuneration to Key Managerial Personnel is given below | |||
| Rs. in Lakhs |
| RS. In Lakns | ||
|---|---|---|
| 2020-21 | 2019-20 | |
| - Short-term employee benefits | 288.02 | 367.13 |
| - Post employment benefits | 28.08 | 28.08 |
| 316.10 | 395.21 |
Notes:
Terms and conditions of transactions with related parties:Related party transactions were made on terms equivalent to those that prevail in arm's length transactions.
