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SPML Infra Limited Audit Report / Information 2021
62612_rns_2021-07-28_dc3c5742-a37f-4933-982e-affabbd18bc1.pdf
Audit Report / Information
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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 |
| Sale of Goods | March 31, 2021 | March 31, 2020 | |
| Joint ventures MVV Water Utility Pvt Ltd. |
|||
| 38.31 | |||
| Entities where significant influence is exercised by KMP and / | |||
| or relatives | |||
| Interest Income | WIL Infra Limited | ÷ | 66.30 |
| Subsidiary companies | |||
| Awa Power Company Private Limited Binwa Power Corporation Private Limited |
116.67 | ||
| IQU Power Company Private Limited | 8.35 | ||
| Neogal Power Company Private Limited | 96.51 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 | ù, | 118.29 | |
| Associate companies | |||
| SPML Bhiwandi Water Supply Management Limited | i. | 3.33 | |
| SPML Bhiwandi Water Supply Infra Limited | 73.16 | ||
| Awa Power Company Private Limited | 165.86 | ä, | |
| 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 | ||
| oint 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 | 0.02 | |
| Bharat Hydro Power Corporation Limited | 15.50 | 15.69 | |
| Interest Expenses | Subsidiary companies | ||
| 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 | $\overline{\phantom{a}}$ | 100.40 | |
| SPML India Limited | ÷. | 72.94 | |
| Subhash Systems Private Limited | 23.68 | 33.60 | |
| Zoom Industrial Services Limited | 1.85 | ||
| Niral Enterprises Pvt Ltd Sethi Infratech Private Limted |
٠ | 126.94 | |
| SPML Industries Limited | 0.01 | ||
| SPM Engineers Limited | 85.14 | 134.01 3.23 |
|
| Bharat Hydro Power Corporation Limited | |||
| 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 | L, | 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 | ä, | 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 | ||
| 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 | |
| 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 | 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 | ÷ | |
| Mrs. Swati Agarwal | 2.90 | $\sim$ | |
| 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 | ||
| 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 | 358.29 | ||
| SPML Industries Limited | 0.00 | 1,288.31 | |
| SPM Engineers Limited | $\sim$ | ||
| 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 |
| 2010, 20 | |||
|---|---|---|---|
| ks.in Lakhs | |||
| C. Details of remuneration to Key Managerial Personnel is given below | |||
| Performance Guarantee outstanding | Associate companies MVV Water Utility Private Limited |
216.00 | 281.00 |
| Associate companies Bhilwara Jaipur Toll Road Private Limited Subhash Kabini Power Corporation Limited |
19,002.02 47.31 |
18,502.08 1,249.99 |
|
| Corporate Guarantee outstanding (Also Refer Note 33 for details of security given) |
Subsidiary companies Madurai Municipal Waste Processing Company Private Limited |
1,954.23 | |
| Peacock Pearl Business Solution Pvt Ltd | 0.13 | ||
| IWIL Infra Limited | 0.13 | ||
| 5.73 | 392.20 | ||
| Acropolis Properties Pvt Ltd | 1.08 | 1.08 | |
| Bharat Hydro Power Corporation Limited | 189.26 | 175.01 | |
| Meena Holdings Limited | 0.77 | 0.77 | |
| Sanmati Power Company Private Limited | 251.25 | 251.25 | |
| International Construction Limited | 1,046.20 | 1,046.20 | |
| 20Th Century Engineering Limited | 0.22 | 0.20 | |
| Add Energy Management co. Private Limited | 133.96 | 133.96 | |
| Entities where significant influence is exercised by KMP and / or relatives |
|||
| SPML Bhiwandi Water Supply Infra Limited SPML Bhiwandi Water Supply Management Limited |
1,043.76 48.30 |
1,043.11 47.65 |
|
| Neogal Power Company Private Limited | 1,021.67 | 950.96 | |
| IQU Power Company Private Limited | 1,164.39 | 1,076.97 | |
| Binwa Power Corporation Private Limited | 99.90 | 92.38 | |
| Awa Power Company Private Limited | 2,204.35 | 2,051.94 | |
| SPML Energy Limited | 293.96 | 271.58 | |
| Associate companies Subhash Kabini Power Corporation Limited |
207.73 | 192.06 | |
| Hydro-Comp Enterprises (India) Private Limited | 1.02 | 0.62 | |
| Aurangabad City Water Utility Company Limited | 215.99 | 215.99 | |
| Gurha Thermal Power Co Limited | 1,401.22 | 1,295.73 | |
| MVV Water Utility Pvt Ltd. | 526.95 | 557.34 | |
| Joint ventures Malviya Nagar Water Services Pvt .Ltd |
450.16 | 450.16 | |
| Add Energy Management co. Private Limited | $\overline{\phantom{a}}$ | ||
| Neogal Power Company Private Limited | |||
| Awa Power Company Private Limited IOU Power Company Private Limited |
|||
| SPML Energy Limited | |||
| Subhash Kabini Power Corporation Limited | |||
| Subhash Urja Private Limited | |||
| Doon Valley Waste Management Private Limited | 42.26 | 37.90 | |
| Madurai Municipal Waste Processing Company Private Limited | 209.11 | 92.26 | |
| Bhagalpur Electricity Distribution Company Private Limited | 6,614.61 | 6,223.92 | |
| Allahabad Waste Processing Company Limited | 34.72 | 31.14 | |
| SPML Utilities Limited | 556.87 | 556.17 | |
| SPML Infrastructure Limited Luni Power Company Private Limited |
546.58 | ä, | |
| 400.76 | 462.81 |
| KS.III LANIIS | ||
|---|---|---|
| 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.
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 Financial Officer and Company Secretary
Chief Financial Officer
Chief Operating 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 ended March 31, 2021 |
Year ended 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 | |||
| WIL Infra Limited | i. | 66.30 | |
| Interest Income | Subsidiary companies | ||
| Awa Power Company Private Limited Binwa Power Corporation Private Limited |
116.67 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 | 15.49 425.15 |
6.19 432.60 |
|
| Bhagalpur Electricity Distribution Com Private Limited Subhash Kabini Power Corporation Limited |
118.29 | ||
| Associate companies | |||
| SPML Bhiwandi Water Supply Management Limited | 3.33 73.16 |
||
| SPML Bhiwandi Water Supply Infra Limited 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 | 0.02 | |
| Bharat Hydro Power Corporation Limited | 15.50 | 15.69 | |
| Interest Expenses | Subsidiary companies | ||
| 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 | ÷ | 100.40 | |
| SPML India Limited | ۷ | 72.94 | |
| Subhash Systems Private Limited | 23.68 | 33.60 | |
| Zoom Industrial Services Limited | ÷ | 1.85 | |
| Niral Enterprises Pvt Ltd | 126.94 | ||
| Sethi Infratech Private Limted SPML Industries Limited |
85.14 | 0.01 134.01 |
|
| SPM Engineers Limited | 3.23 | ||
| Bharat Hydro Power Corporation Limited | ä, | $\sim$ |
$\mathcal{L}_{\mathcal{A}}$
| Rem Expenses | ?niities whf:rt significant influ?n?t i? cxtrcis?d 12?KMe ;111?1L |
||
|---|---|---|---|
| or relatives | |||
| Arihant Leasing& HoldingCompanyLimited | 6.00 | ||
| Loan/ Advance Given/Repaid | Subsidiao' companies | ||
| Awn Power CompanyPrivate Limited | 660.84 | ||
| NeogalPower CompanyPrivate Limited | 66.60 | ||
| SPML EnergyLimited | 0.77 | ||
| SPML lnfrastructure Limited | 0.73 | ||
| Sl'ML Utilities Limited | 0.71 | 0.30 | |
| Delhi Waste .ManagcmemLimited | 300.00 | ||
| SPiVIL Infra DevelopersLimited | 4.25 | ||
| Madurai MunicipalWaste ProcessingCompanyPrivate Limited | 102.59 | 85.54 | |
| BhagalpurElectricityDistribution Com Private Limited | 3.00 | ||
| Subhash Kabini Power CorporationLimited | 180.00 | ||
| Associate comnanics | |||
| SPML Bhiwandi Water SupplyManagementLimited | 0.65 | 0.21 | |
| SPrVll, Bhiwandi Water SupplyInfra Limited | 0.65 | 0.22 | |
| Delhi Waste ManagementLimited | 18.00 | ||
| SPML EnergyLimited | 0.26 | ||
| Subhash K abini Power CorporationLimited |
0.03 | ||
| Joint ventures | |||
| MVV Water UtilityPvt Ltd. | 0.40 | 157.30 | |
| Gurha Thernul Power Co Limited |
0.01 | ||
| Hydro-CompEnterprises (lndia)Private Limited | 0.40 | 0.11 | |
| Key managerial personnel (Kl\lP} |
|||
| Mr. Subhash Chand Sethi | 31.21 | ||
| Relative of KMP |
|||
| Mr. Abhinand.m Sethi | 1.30 | ||
| Entities and L significant influtnc? where is !;,'.X?[cis?d hr Kf\lP |
|||
| or relatives | |||
| PondichenySpecialEconomic Zone CompanyLimited | 110.80 | 9.16 | |
| Add RealtyLtd. | |||
| SPiVIL India Limited | 136.99 | ||
| Subhash SystemsPrivate Limited | 380.00 | 30.05 | |
| 20"111CenturyEngineeringLimited | 0.01 | ||
| Zoom I ndustrial Services Limited | 201.59 | ||
| Niral EnterprisesP,? Ltd | 114.25 | 0.16 | |
| Sethi Infratech Private Linued |
O.Q7 | ||
| SPiVIL Indusuies Limited | 1,366.37 | 209.43 | |
| SPM EngineersLimited | 35.94 | ||
| Bharat Hvdro Power CorporationLimited | 1.18 |
r
| 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 relatives | |||
| SPML India Limited | 158.65 | ||
| Subhash Systems Private Limited | 1.50 | ||
| Zoom Industrial Services Limited | 1,746.37 | 200.00 | |
| 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 | 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 | ||
| Mrs. Swati Agarwal | 2.90 | 8.69 | |
| Mr. Sujit Kumar Jhunjhunwala | 5.79 | ||
| Mr. Abhay Raj Singh |
| 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 | ||
| Niral Enterprises Pvt Ltd | 1,298.30 | 1,412.55 |
| Receivable | Subsidiary companies | 400.76 | 462.81 |
|---|---|---|---|
| SPML Infrastructure Limited | 556.17 | ||
| SPML Utilities Limited | 556.87 | 31.14 | |
| Allahabad Waste Processing Company Limited | 34.72 | ||
| Bhagalpur Electricity Distribution Company Private Limited | 6,614.61 | 6,223.92 | |
| Madurai Municipal Waste Processing Company Private Limited | 209.11 | 92.26 | |
| Doon Valley Waste Management Private Limited | 42.26 | 37.90 | |
| 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 companies Subhash Kabini Power Corporation Limited |
207.73 | 192.06 | |
| 293.96 | 271.58 | ||
| SPML Energy Limited | 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 | ||
| 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 |
| NS. III LANIS | ||
|---|---|---|
| 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.
