Trident Ltd — Regulatory Filings 2019

Nov 23, 2019

TRIDENT/CS/2019 November 23, 2019

The Manager	The Manager
Listing Department	Listing Department
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, Plot No. C/1, G Block	Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra (E)	Dalal Street
Mumbai – 400 051	Mumbai – 400 001
Scrip Code:- TRIDENT	Scrip Code:- 521064

Dear Sir/ Madam

Sub: Disclosure under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Related Party Transactions

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit disclosures on Related Party Transactions, on consolidated basis, for the half year ended September 30, 2019, drawn in accordance with applicable accounting standards.

This is for your reference and records please.

Thanking you,

Yours sincerely,

For Trident Limited

(Ramandeep Kaur) Company Secretary ICSI Membership No.: F9160

Encl: As above

TRIDENT LIMITED

Disclosure of transactions between the Company and related parties during the period ended and outstanding balances as on September 30, 2019 (on Consolidated basis)

RELATED PARTY DISCLOSURES

The related party disclosures as per Ind AS-24 are as under: A. Name of related party and nature of related party relationship

• (i) Enterprise that controls the Group
  • Madhuraj Foundation (direclty or indirectly holds majority voting power)
• (ii) Other related parties where transactions have taken place during the period:
  • a) Enterprises under the common control with the Group
    • Trident Capital Limited
    • Trident Industrial Corp Limited
    • Trident Corp Limited
    • Trident Corporate Solutions Limited
    • Trident Corporate Services Limited
    • Trident Institute of Social Sciences
    • Trident Comtrade LLP
  • b) Enterprise that has significant influence over the Group
    • Trident Group Limited
  • c) Enterprise on which Group exercises significant influence
    • Trident Global Inc., USA
    • Lotus Texpark Limited
    • Narmada Infrabuild Limited
    • Takshashila Foundation
  • d) Key management persmmel and other relatives
    • Ms Pallavi Sharclul Shroff- Chairperson
    • Mr Rajinder Gupta- Co-Chairman
    • Mr Dinesh Kumar Mittal- Director
    • Mr Rajiv Dewan- Director
    • Mr Amandeep- Managing Director
    • Mr Deepak Nanda- Whole-time Director
    • Mr Gunjan Shroff- CFO
    • Ms Ramandeep Kaur- Company Secretary
    • Mr Abhishek Gupta Relative of Co-chairman
    • Ms Madhu Gupta Relative of Co-chairman
    • Ms Gayatri Gupta Relative of Co-chairman
  • e) Enterprises over which KMP of the Company have control
    • Shardul Amarchand Mangaldas & Co.
    • Lotus Global Foundation
    • CJ Darci Logistics Limited
  • f) Post Employment Benefit Plans
    • Trident Trust

B. The remuneration of directors and other members of Key management peronnel during the period was as follows:

		(Rs. million)
Particulars	For the period ended	For the year ended
	Sep 30, 2019	March 31, 2019
Short-term benefits*	214.5	265.0
	214.5	265.0

* Gratmty and leave benefits whLCh are actuanally determmed on an overall basis and are not separately provided.

C. No guarantees have been given or received except a guarantee provided by the company for business purposes to Punjab National Bank on behalf of Lotus Texpark Limited, associate of the company of Rs.756 million (Previous year: Rs 811.4 million) Further, the Company has executed a non-disposal undertaking in respect of equity shares held by the Company of Lotus Texpark Limited in favour of various banks that have provided financial assistance to Lotus Texpark Limited.

E-212, Kitchlu Nagar Ludhiana-141001 Punjab, India

Talk: +91161 5039999 Fax: +91161 5038800 Visit: tridentindia.com

TRIDENT LIMITED

Disclosure of transactions between the Company and related parties during the period ended and outstanding balances as on September 30, 2019 (on Consolidated basis)

D Disclosure of transactions between the Group and related parties during the·period Enterprise that controls Enterprises that are Significant Influence Key management the Group/have under common control personnel & relatives/ significant influence Enterprises where over the Group KMPs' have control Particulars Sep 30, March31, Sep 30, March31, Sep 30, March31, Sep 30, March31, 2019 2019 2019 2019 2019 2019 2019 2019 Sale of Goods (including taxes) - Trident Global Inc., USA - - - - 43.4 50.5 - - - Lotus Texpark Limited - - - - 113.7 151.8 - - Royalty paid (including service tax,tGST) - Trident Group Limited 24.1 51.8 - - - - - - Rent received - Lotus Texpark Limited - - - - - 0.1 - - - Rajinder Gupta - - - - - - 0.5 0.9 Purchases (including taxes) - Lotus Texpark Limited - - - - 168.6 144.8 - - Consultancy Services taken c- - Kognoz Research & Consulting Pvt Ltd # - - - - - - 9.5 - - Shardul Amarchand Mangaldas & Co. - - - - - - 2.3 10.2 Other Services taken -CJ Dare! Logistics Ltd - - - - - - 0.1 - - Lotus Texpark Limited - - - - 13.4 - - - Other Income (Infrastructural Charges) - Lotus Texpark Limited - - - - 0.6 9.3 - - Purchase of Property, Plant & Equipment - Madhuraj Foundation - 252.7 - - - - - - - Lotus Texpark Limited - - - - 1.1 - - - - Narmada Infrabuild Limited - - - - 1.0 9.5 - - Payment of export license - Lotus Texpark Limited - - - - - 0.3 - - Contnbution towards Gratmty & Risk Management Fund - Trident Trust - - - - - - - - Rent paid - Madhuraj Foundation 8.9 15.2 - - - - - - - Lotus Global Foundation - - - - - - 5.3 10.6 - Lotus Texpark Limited - - - - 4.2 7.6 - - Commission on sales - Trident Global Inc., USA - - - - 86.9 152.8 - - Commission (on accrual basis) - Mr.Rajinder Gupta - - - - - - 170.0 162.4 - Mr.Dinesh Kumar Mittal - - - - - - - 5.0 Sitting Fees Paid - Mr.Rajinder Gupta - - - - - - 0.3 0.6 - Ms.Pallavi Shardul Shroff - - - - - - 0.2 0.5 - Mr.Dinesh Kumar Mittal - - - - - - 0.1 0.3 - Mr.Manish Parsad # - - - - - - 0.1 - - Mr.Rajiv Dewan - - - - - - 0.4 0.8 Remuneration paid - Mr.Deepak Nanda - - - - - - 12.0 26.3 - Ms.Ramandeep Kaur - - - - . - 2.4 5.2 - Mr.Gunjan Shroff - - - - . - 9.0 26.8 - Mr.Abhishek Gupta - - - - . - 12.0 26.3 - Ms.Madhu Gupta - - - - - - 3.6 7.8 - Ms.Gayatri Gupta - - - - . - 2.4 5.2 - Mr.Amandeep - - - . - - 3.1 - (Rs. million) Post Employment Benefit Plans Sep 30, March 31, 2019 2019 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 109.3 149.6 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TRIDENT LIMITED

Disclosure of transactions between the Company and related parties during the period ended and outstanding balances

as on September 30, 2019 (on Consolidated basis)

			D. Disclosure of transactions between the Group and related parties during the period

(Rs. million)D Disclosure of transactions between the Group and related parties during the period
		Enterprise that controls		Enterprises that are		Significant Influence		Key management	Post Employment
		the Groupjhave	under common control				personnel & relatives IEnterprises whereKMPs' have control		Benefit Plans
		significant influence
		over the Group
Particulars
	Sep30,	March31,	Sep30,	March31,	Sep 30,	March31,	Sep 30,	March31,	Sep30,	March31,
	2019	2019	2019	2019	2019	2019	2019	2019	2019	2019
Dividend paid:
-MadhurajFoundation	131.4	381.4	-	-	-	-	-	-	-	-
-Trident Group Limited	144.5	418.4	-	-	-	-	-	-	-	-
- Trident Industrial Corp Limited	-	-	27.0	81.0	-	-	-	-	-	-
- Trident Capital Limited	-	-	18.0	54.0	-	-	-	-	-	-
- Trident Corp Limited	-	-	1.4	4.1	-	-	-	-	-	-
- Trident Corporate Solutions Limited	-	-	0.9	2.8	-	-	-	-		--
- Trident Corporate Services Limited	-	-	0.9	2.8				-		--
- Lotus Global Foundation		-	-				0.7	1.5		--
	-	-					-	-
- Trident Comtrade LLP *			0.0	0.1					-	-
- l\1r. Rajinder Gupta	-	-	-	-	-	-	1.0	9.3		--
- Mr. Rajiv Dewan *	-	-	-	-		-	0.0	0.0	-	-
- l\1r. Gunjan Shroff•	-	-	-	-	-		0.0	0.0	-	-
- Ms. Ramandeep Kaur*	-	-	-	-	-	-	0.0	0.0	-	-
Corporate social responsibility expenses
- Takshashila Foundation	-	-	-		31.8	61.3		-	-	-
Expenses incurred on behalf of:
- Trident Global Inc., USA	-	-	-	-	-	2.5	-	-	-	-
- Lotus Texpark Limited	-	-	-	-	79.3	167.7		-		--
Guarantees given:
- Lotus Texpark LlmitedGuarantees withdrawn:					756.0	811.4
- Lotus Texpark Llmited					811.4	929.5
E. Details of Balances outstanding as at September 30, 2019
Security Deposit receivable:
- Lotus Texpark Limited	-	-	-		80.3	45.3	-	-	-	-
Trade receivables:
- Trident Global Inc., USA	-	-	-	-	36.4	18.3	-	-	-	-
- Lotus Texpark Llmited	-	-	-	-	2.5	18.2	-	-	-	-
Trade payables:
-MadhurajFoundation	3.4	-	-	-	-	-	-	-	-	-
- Trident Group Limited	0.1	5.4	-	-	-	-	-	-		--
- Lotus Texpark Limited	-	-	-	-	0.4	5.4	-	-	-	-
- Narmada Infrabuild Limited	-	-	-	-	-	0.5	-	-	-	-
- Lotus Global Foundation	-	-	-	-	-	-	0.8	-	-	-
- Shardul Amarchand Mangaldas & Co.	-	-	-	-		-	1.2	2.4		--
Other Payable:
- Trident Trust	-	-	-	-			-	-	16.4	5.1
Payable to employees
- Mr.Deepak Nanda	-	-	-	-		-	1.4	1.2	-	-
- Ms.Ramandeep Kaur	-	-	-	-	-	-	0.3	0.3		- -
- Mr.Gunjan Shroff	-	-	-	-	-	-	0.9	0.9		--
- l\1r.Abhishek Gupta	-	-	-			-	2.4	2.1		--
- Ms.Madhu Gupta	-	-	-	-		-	0.8	0.6		--
- Ms.Gayatri Gupta	-	-	-			-	0.6	0.5		--
- Mr.Amandeep	-	-	-	-	-	-	1.7	-		--
Commission Payable
- Mr.Raiinder Gupta	-	-	-	-	-	-	115.3	81.2	-	-

•Dividend paid is less than Rs 0.1 million, accordingly appearing as Nil.

#Ceased to be related party w.e.f August 3, 2019.