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Universal Cables Ltd. Regulatory Filings 2021
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Regulatory Filings
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Universal Cables Limited
Regd. Office & Works : P.O. Birla Vikas. Satna - 485 005 (M.P.). India . P: 07672-257121 to 257127. 414000 F: 07672-257131 · E: [email protected]
Ref: UCL/SEC/2021-22
19th July, 2021
| National Stock Exchange of India Ltd. | |
|---|---|
| BSE Limited | |
| Corporate Relationship | Listing Department, |
| Department | Exchange Plaza, C-1, Block G, |
| Phiroz Jeejeebhoy Towers, | Bandra-Kurla Complex, |
| Dalal Street, | Bandra (East), |
| Mumbai-400 001 | Mumbai - 400 051 |
| Scrip Code : 504212 | Scrip Code : UNIVCABLES EQ |
Dear Sirs,
Subject: Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In terms of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the disclosure(s) of Related Party Transactions on standalone and consolidated basis, in the format specified in the accounting standards for the half year ended 31st March, 2021.
Please take the same on record.
Thanking you,
Yours faithfully, For UNIVERSAL CABLES LIMITED
~
(Sudeep Jain) Company Secretary
. . J
Encl : As above
CIN: L31300MP194SPLC001 l l 4 J PAN: AAACU3547P J www.unistar.co.in
Disclosure of Related Party Transactions as defined in Indian Accounting Standard (Ind AS 24), on a standalone basis for the half-year ended on 31st March. 2021
[In pursuance of Regulation 23(9) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended]
List of Related Parties with whom Transactions have taken place and Relationships:
| (i) | Joint Ventures (Joint Arrangements) | Birla Furukawa Fibre Optic Private Limited (BFFOPL) | ||||||
|---|---|---|---|---|---|---|---|---|
| (ii) | Associate Company | Vindhya Telelinks Limited (VTL) | ||||||
| (iii) | Joint Venture of an Associate Company | Birla Visabeira Private Limited (BVPL) | ||||||
| (iv) | Wholly owned Subsidiaries of an AssociateCompany | August Agents Limited (AAL)Insilco Agents Limited (IAL)Laneseda Agents Limited (LAL) | ||||||
| (v) | Key Management Personnel (KMP) | Shri Harsh V. LodhaChairmanShri S.S. Kothari-Shri S.C. JainShri Dinesh Chanda(Deceased on 21.05.2021)Non Executive Directors},Shri B.R. NaharDr. Kavita A. SharmaShri Dilip Ganesh KamikManaging Director & CEOShri Y.S. LodhaChief Financial OfficerShri Sanjeev Jain(Upto 15.11.2020) | ||||||
| Chief Financial OfficerShri Vishnu Gupta(From 01.12.2020 to 20.01.2021) | ||||||||
| Company SecretaryShri Sudeep Jain | ||||||||
| (vi) | Post Employment Benefit Plan Entities | Universal Cables Limited Employees Gratuity Fund (UEGF)Universal Cables Limited Employees Provident Fund (UEPF)Universal Cables Superannuation Fund (USF) |
(a) Details of transactions with Related Parties:
| ~ in lakhs) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SI.No. | Nature of Transaction | AAL | IAL | LAL | BFFOPL | VTL | BVPL | UEGF | UEPF | USF | |
| (A) Transaction during the year | |||||||||||
| I | Purchase of Raw Materials, Stores, Sparesand Packing Materials | - | - | - | 516.66 | 923.34 | - | - | - | - | |
| 2 | Sale of Raw Materials, Stores, Spares,Packing Materials and Finished Goods etc. | - | - | - | 1.60 | 3347.18 | 211.82 | - | - | - | |
| 3 | Other Service Charges and Rent Received | - | - | - | 247.64 | 0.44 | I.SO | - | - | - | |
| 4 | Other Service Charges & Lease Rent Paid | - | - | - | - | 2.23 | - | - | - | - | |
| 5 | Purchase of Property, Plant & Equipment | - | - | - | - | I.SI | - | - | - | - | |
| 6 Sale of Property, Plant & Equipment | - | - | - | - | - | - | - | - | - | ||
| 7 | Inter Corporate Loans taken | - | - | - | - | - | - | - | - | - | |
| 8 | Inter Corporate Loans Re-Paid | - | - | - | - | - | - | - | - | - | |
| 9 | Interest on Inter Corporate Loans/ SecurityDeposit & Trade Payable Paid | 147.68 | 148.68 | 154.07 | - | - | - | - | - | - | |
| 10 Dividend Received | - | - | - | - | - | - | - | - | - | ||
| 11 Dividend Paid | - | - | - | - | - | - | - | - | - | ||
| 12 Contribution | - | - | - | - | 4- | - | 109.58 | 61.71 | 55.42 | ||
| 13 Withdrawal | - | - | - | - | cc, ~- | 87.01 | - | - |
..
| ~ in lakhs) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SI.No. | Nature of Transaction | AAL | JAL | LAL | BFFOPL | VTL | BVPL | UEGF | UEPF | USF |
| (8) Balance outstanding as at the year end | ||||||||||
| I | Non Current Investments in Equity Shares | - | - | - | 2298.50 | 1897.31 | - | - | - | - |
| 2 | Trade Payables/Other Liabilities | - | - | - | 461.43 | 247.73 | - | - | - | - |
| 3 | Trade & Other Receivables | - | - | - | - | 3079.31 | 250.11 | - | - | - |
| 4 | Deposit taken | - | - | - | 72.12 | - | - | - | - | - |
| 5 | Loan Outstanding | 3375.00 | 3400.00 | 3525.00 | - | - | - | - | - | - |
| 6 Corporate Guarantee given | - | - | - | 2200.00 | - | - | - | - | - |
(b) Details of transactions with Key Managerial Personnel (KMP):
| Shri Y.S. Lodha | Shri Sanjeev Jain | Shri Vishnu Gupta | Shri Sudeep Jain | Non ExecutiveDirectors | ||
|---|---|---|---|---|---|---|
| Particulars | CEO | Managing Director & ChiefFinancial Officer(Upto 15.11.2020) | ChiefFinancial Officer(From O 1.12.2020 to20.01.2021) | Company Secretary | ||
| Short Term Employee Benefit | 66.02 | 3.21 | 5.24 | 8.29 | - | |
| Post Employment Benefit[Refer footnote no. (i)] | - | - | - | - | - | |
| Sitting Fees/Commission | - | - | - | - | 14.65 | |
| Balance Outstanding at the yearend [Payable/(Receivable)] | 4.68 | - | - | - | 6.00 |
Notes:
..
- (i) The remuneration to Key Managerial Personnel(s) does not include provision/payment towards incremental liability on account of gratuity and compensated absences since actuarial valuation is done for the Company as a whole.
- (ii) No amount has been provided as doubtful debt or advance written off or written back in the year in respect of debts due from/to above Related Parties.
- (iii) Transactions and balances relating to reimbursement of expenses to/from the above Related Parties have not been considered.
- (iv) Inter corporate loans/advances have been given for business purposes.
For UNIVERSAL CABLES LIMITED
Disclosure of Related Party Transactions as defined in Indian Accounting Standard (Ind AS 24), on a consolidated basis for the half-year ended on 31st March. 2021
[In pursuance of Regulation 23(9) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended]
| List of Related Parties with whom Transactions have taken place and Relationships: | ||
|---|---|---|
| ------------------------------------------------------------------------------------ | -- | -- |
| (i) | Joint Ventures (Joint Arrangements) | Birla Furukawa Fibre Optic Private Limited (BFFOPL) | ||||||
|---|---|---|---|---|---|---|---|---|
| (ii) | Associate Company | Vindhya Telelinks Limited (YTL) | ||||||
| (iii) | Joint Venture of an Associate Company | Birla Visabeira Private Limited (BVPL) | ||||||
| (iv) | Wholly owned Subsidiaries of an AssociateCompany | August Agents Limited (AAL)Insilco Agents Limited (IAL)Laneseda Agents Limited (LAL) | ||||||
| (v) | Key Management Personnel (KMP) | ChairmanShri Harsh V. LodhaShri S.S. KothariShri S.C. JainShri Dinesh Chanda(Deceased on 21.05.2021)Non Executive Directors,Shri B.R. NaharDr. Kavita A. SharmaShri Dilip Ganesh KarnikManaging Director & CEOShri Y.S. LodhaChief Financial OfficerShri Sanjeev Jain(Upto 15.11.2020) | ||||||
| Chief Financial OfficerShri Vishnu Gupta(From 01.12.2020 to 20.01.2021) | ||||||||
| Company SecretaryShri Sudeep Jain | ||||||||
| (vi) | Post Employment Benefit Plan Entities | Universal Cables Limited Employees Gratuity Fund (UEGF)Universal Cables Limited Employees Provident Fund (UEPF)Universal Cables Superannuation Fund (USF) |
(a) Details of transactions with Related Parties:
| No. | Nature of Transaction | AAL | JAL | LAL | BFFOPL | VTL | BVPL | UEGF | UEPF | USF |
|---|---|---|---|---|---|---|---|---|---|---|
| (A) Transaction during the year | ||||||||||
| I | Purchase of Raw Materials, Stores, Sparesand Packing Materials | - | - | - | 516.66 | 923.34 | - | - | - | - |
| 2 | Sale of Raw Materials, Stores, Spares,Packing Materials and Finished Goods etc. | - | - | - | 1.60 | 3347.18 | 211.82 | - | - | - |
| 3 | Other Service Charges and Rent Received | - | - | - | 247.64 | 0.44 | I.SO | - | - | - |
| 4 | Other Service Charges & Lease Rent Paid | - | - | - | - | 2.23 | - | - | - | - |
| 5 | Purchase of Property, Plant & Equipment | - | - | - | - | I.SI | - | - | - | - |
| 6 | Sale of Property, Plant & Equipment | - | - | - | - | - | - | - | - | - |
| 7 | Inter Corporate Loans taken | - | - | - | - | - | - | - | - | - |
| 8 | Inter Corporate Loans Re-Paid | - | - | - | - | - | - | - | - | - |
| 9 | Interest on Inter Corporate Loans/ SecurityDeposit & Trade Payable Paid | 147.68 | 148.68 | 154.07 | - | - | - | - | - | - |
| IO Dividend Received | - | - | - | - | - | - | - | - | - | |
| II Dividend Paid | - | - | - | - | - | - | - | - | - | |
| 12 Contribution | - | - | - | - | - | - | 109.58 | 61.71 | 55.42 | |
| 13 Withdrawal | - | - | - | - | - | ~ | r-, 87.01 | - | - |
| (tin lakhs) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SI.No. | Nature of Transaction | AAL | IAL | LAL | BFFOPL | VTL | BVPL | UEGF | UEPF | USF |
| (8) Balance outstanding as at the year end | ||||||||||
| 1 | Non Current Investments in Equity Shares | - | - | - | 2298.50 | 1897.31 | - | - | - | - |
| 2 | Trade Payables/Other Liabilities | - | - | - | 461.43 | 247.73 | . - | - | - | - |
| 3 | Trade & Other Receivables | - | - | - | - | 3079.31 | 250.11 | - | - | - |
| 4 | Deposit taken | - | - | - | 72.12 | - | - | - | - | - |
| 5 | Loan Outstanding | 3375.00 | 3400.00 | 3525.00 | - | - | - | - | - | - |
| 6 Corporate Guarantee given | - | - | - | 2200.00 | - | - | - | - | - |
(b) Details of transactions with Key Managerial Personnel (KMP):
| Shri Y.S. Lodha | Shri Sanjeev Jain | Shri Vishnu Gupta | Shrl Sudeep Jain | Non ExecutiveDirectors | ||
|---|---|---|---|---|---|---|
| Particulars | CEO | (Upto 15.11.2020) | Managing Director & Chief Financial Officer ChiefFinancial Officer(From 01.12.2020 to20.01.2021) | Company Secretary | ||
| Short Tenn Employee Benefit | 66.02 | 3.21 | 5.24 | 8.29 | - | |
| Post Employment Benefit[Refer footnote no. (i)] | - | - | - | - | - | |
| Sitting Fees/Commission | - | - | - | - | 14.65 | |
| Balance Outstanding at the yearend [Payable/(Receivable)] | 4.68 | - | - | - | 6.00 |
Notes:
- (i) The remuneration to Key Managerial Personnel(s) does not include provision/payment towards incremental liability on account of gratuity and compensated absences since actuarial valuation is done for the Company as a whole.
- (ii) No amount has been provided as doubtful debt or advance written off or written back in the year in respect of debts due from/to above Related Parties.
- (iii) Transactions and balances relating to reimbursement of expenses to/from the above Related Parties have not been considered.
- (iv) Inter corporate loans/advances have been given for business purposes.