Styrenix Performance Materials Limited — Interim / Quarterly Report 2021

Nov 25, 2020

INEOS Styrolution India Ltd. 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara – 390 023 Gujarat, India

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www.ineosstyrolutionindia.com

November 24, 2020

To,

BSE Limited

Dept. DSC_CRD Phiroze Jeejeebhoy Towers, Dalal Street Bandra (‘E) Mumbai 400 001 BSE Scrip Code: 506222

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, ‘G’ Block, Bandra- Kurla Complex, Bandra (‘E’) Mumbai 400 051 NSE SYMBOL: INEOSSTYRO

Subject: Submission of half-yearly disclosure on Related Party Transactions as per Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

Pursuant to the Regulation 23(9) of the SEBI LODR Regulations, enclosed herewith is the half-yearly disclosure on Related Party Transactions, on Stand-alone basis, prepared in accordance with the applicable accounting standards, for the half year ended on September 30, 2020 .

This disclosure will also be available on the website of the Company.

Kindly take the above information on your records.

Thanking you.

Yours Faithfully,

For INEOS Styrolution India Limited

ABHIJAAT Digitally signed by ABHIJAAT A SINHA A SINHA Date: 2020.11.24 16:47:59 +05'30'

Abhijaat Sinha Company Secretary

Head Office: INEOS Styrolution India Ltd. CIN : L25200GJ1973PLC002436 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara – 390 023, Gujarat, India Tele : +91 265-2303201/02 Fax No: +91 265-2303203

Registered Office: INEOS Styrolution India Ltd. CIN : L25200GJ1973PLC002436 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara – 390 023, Gujarat, India Tele : +91 265-2303201/02 Fax No: +91 265-2303203

INEOS Styrolution India Limited 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura,, Vadodara – 390 023, Gujarat, India

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Related party transactions

The names of related parties with relationship and transactions with them:

A Relationship: I Where control exists:

	Ultimate Holding Company	**INEOS Limited ***
		Isle of Man
	Holding Company	INEOS Styrolution APAC Pte Ltd.
	holds 75.00% of the equity share capital	Singapore
**II **	Where transactions have taken place
	Fellow subsidiaries	INEOS Styrolution Korea Ltd
		Korea
		INEOS Styrolution (Thailand) Co., Ltd.
		Thailand
		INEOS Styrolution Group GmbH
		Germany
		INEOS Styrolution Europe GmbH
		Germany
		INEOS Europe AG
		Switzerland

III Key management personnel:

Key managementpersonnel:
Particulars	Designation
Mr. Stephen Mark Harrington *	Chairman (up to August 27,2020)
Mr. Robbie Alphons Maria Buntinx *	Chairman (w.e.f. August 28,2020)
Mr. Sanjiv Vasudeva	Managing Director
Mr. Nitan Duggal	Whole Time Director
Mr. Sanjeev Madan	Chief Financial Officer
Mr. Jal R. Patel	Independent Director
Mr. Anil Shankar	Independent Director
Ms. Ryna Karani	Independent Director

• No transactions during the current year.

5th Floor, Ohm House-II, Ohm Business Park, Subhanpura,, Vadodara – 390 023, Gujarat, India

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INEOS Styrolution India Limited

Related party transactions

IV Key management personnel compensation:

Key management personnel compensation:
	INR in Lakhs
Particulars	For the Half year ended September, 2020
Short-term employee benefits Long-term employee benefits Post-employment benefits Total compensation* Commission and sitting fees to independent directors (including travel reimbursements)	307.20 118.45 27.67 18.05
	471.37

• Compensation exclude provision for gratuity and compensated absences since these are based on actuarial valuation on an overall company basis.

V Other related parties

Post employment benefit plan of INEOS Styrolution India Limited

INEOS Styrolution India Employees Gratuity Fund INEOS Styrolution India Limited Super Annuation Scheme INEOS Styolution India Limited EGGAS

INEOS Styrolution India Limited 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura,, Vadodara – 390 023, Gujarat, India

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Related party transactions

d party transactions
	INR in Lakhs
Particulars	For theyear ended September 30, 2020
	Holding Company Other Related parties Total
1 Purchase of raw materials INEOS Styrolution Korea Ltd INEOS Styrolution (Thailand) Co., Ltd. INEOS Styrolution Europe GmbH 2 Receiving of services INEOS Styrolution APAC Pte. Ltd. INEOS Styrolution Group GmbH 3 Payment against Reimbursement of Expenses INEOS Styrolution (Thailand) Co., Ltd. 4 Royalty INEOS Styrolution Group GmbH 5 Rendering of services INEOS Styrolution Korea Ltd INEOS Styrolution Group GmbH INEOS Styrolution (Thailand) Co., Ltd. INEOS Styrolution APAC Pte. Ltd. INEOS Europe AG 6 Receipt against Reimbursements of Expenses INEOS Styrolution Group GmbH INEOS Styrolution APAC Pte. Ltd. 7 Interest on ECB INEOS Styrolution Group GmbH	- 503.19 503.19 - 432.82 432.82 - 257.11 257.11
	- 1,193.12 1,193.12
	826.34 - 826.34 - 1,228.11 1,228.11
	826.34 1,228.11 2,054.45
	- 2.25 2.25
	- 2.25 2.25
	- 60.08 60.08
	- 60.08 60.08
	- 66.82 66.82 - 128.28 128.28 - 3.99 3.99 21.29 - 21.29 - 113.50 113.50
	21.29 312.60 333.89
	0.37 0.37 5.66 - 5.66
	5.66 0.37 6.03
	- 373.08 373.08
	- 373.08 373.08

INEOS Styrolution India Limited 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura,, Vadodara – 390 023, Gujarat, India

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Related party transactions

Particulars	As at September 30, 2020
	Holding Company Other Related parties Total
11 Outstanding Balances Balances of Trade payables INEOS Styrolution Europe GmbH INEOS Styrolution APAC Pte. Ltd. INEOS Styrolution Korea Ltd INEOS Styrolution (Thailand) Co., Ltd. INEOS Styrolution Group GmbH Balances of Corporate guarantee INEOS Styrolution Group GmbH Balances of Borrowings INEOS Styrolution Group GmbH (Refer Note 4 below) Balance of Trade receivables INEOS Styrolution Group GmbH INEOS Styrolution APAC Pte. Ltd. INEOS Styrolution Korea Ltd INEOS Europe AG INEOS Styrolution (Thailand) Co., Ltd.	- 140.56 140.56 105.52 - 105.52 - 207.54 207.54 - 434.32 434.32 - 440.06 440.06
	105.52 1,222.48 1,328.01
	- 32,500.00 32,500.00
	- 32,500.00 32,500.00
	- 9,072.86 9,072.86
	- 9,072.86 9,072.86
	- 56.29 56.29 5.48 - 5.48 - 28.91 28.91 - 13.57 13.57 - 1.67 1.67
	5.48 100.44 105.92

Terms and conditions

1 All transactions entered into with related parties as defined under the Companies Act, 2013 and regulation 23 of the Listing Obligation and Disclosure Requirement Regulations 2015, during the financial year were in the ordinary course of business and on an arm’s length basis.

• 2 All outstanding balances are unsecured and are repayable in cash. 3 Includes interest accrued of INR 172.86 Lakhs.

Digitally signed Sanjee by Sanjeev Madan v Date: 2020.11.24 Madan 18:00:01 +05'30'