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SRF Ltd. — Interim / Quarterly Report 2020
Nov 14, 2019
61903_rns_2019-11-14_9f9ad96b-2eea-4b25-9541-6bd08a09487f.pdf
Interim / Quarterly Report
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The BSE Ltd. BSE's Corporate Relationship Department 1St Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalai Street, Fort, Mumbai 400 001
National Stock Exchange of India Limited "Exchange Plaza" Bandra-Kurla Complex Bandra (E) Mumbai- 400 051
SRF/SEC/ 2019 14th Nov,2019
Dear Madam, Sir(s),
Sub: Disclosure of Related Party Transactions
Please find enclosed the disclosure on Related Party Transactions of SRF Limited on a consolidated basis and balances for the half year ended September 30, 2019.
This disclosure is being made in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records.
Thanking you,
Yours faithfully, For SRF LIMITED
Rajat Lakhanpal VP (Corporate Compliance) & Company Secretary
Encl : A/a
SRF LIMITED
Block-C Sector-45 Gurugram 122 003 Haryana Tndia Tel: +91-124-4354400 Fax: +91-124-4354500 E-mail: [email protected] Website: www.srf.com
Regd. Office: Unit No. 236 & 237, 2nd Floor DLF Galleria, Mayur Place Noida Link Road Mayur Vihar Phase-1 Extension Delhi 110091
Consolidated Related Party Disclosures for the Half Year ended September 30, 2019
SRF Group's related parties primarily consists of its fellow subsidiaries, Holding Company, Key Managerial Personnel, Enterprises on which KMP have significant influence and Post employment benefits trusts . SRF Group routinely enters into transactions with these related parties in the ordinary course of business at market rates and terms. Transactions and balances between Company, its subsidiaries and step down subsidiaries are eliminated on consolidation.
| Amount in Rs. Cr. | ||||||
|---|---|---|---|---|---|---|
| Nature of transactions | HoldingCompany | fellow Subsidiaries | --Key ManagerialPersonnel | Enterprises over which KMPhave significant influence | Post employment benefitplans trust | Total |
| Rent Paid | 3.33 | 0.14 | 0.14 | - | 3.61 | |
| Reimbursement of expenses from | 0.0034 | 0.02 | 0.03 | |||
| Security deposit refunded | 0.05 | 0.05 | 0.09 | |||
| Purchase of property, plant & equipment and | ||||||
| intangible assets | 0.15 | 0.15 | ||||
| Sales of property, plant & equipment and | ||||||
| intangible assets | 0.20 | - | - | - | 0.20 | |
| Employee benefit obligations transferred to | 0.03 | - | - | 0.03 | ||
| Employee benefit obligations transferred from | 0.09 | 0.09 | ||||
| Contribution made during the year | - | - | 16.55 | 16.55 | ||
| Managerial Remuneration during the year | 10.09 | 10.09 | ||||
| Outstanding Commission payable | - | - | 3.25 | 3.25 | ||
| Outstanding Receivable | 0.0007 | 0.02 | - | - | 0.02 | |
| Outstanding Payable | - | - | 9.78 | 9.78 | ||
| Outstanding Security deposits | - | 3.35 | 0.12 | 3.14 | 3.60 |
Rahul Jain
President & CFO Date: 14/11/2019