Vardhman Textiles Limted — Interim / Quarterly Report 2020

Nov 25, 2019

LUDHIANA-141010, PUNJAB T: +91-161-2228943-48 F: +91-161-2601 048 E: secretarial.lud@vardhman.com

Ref. VTXL: SCY:NOV: 201 9-20 Dated: 23.11.2019

The Deputy General Manager,	The National Stock Exchange of India Ltd,
Corporate Relationship Deptt,	"Exchange Plaza,
Bombay Stock Exchange Limited,	Bandra-Kurla Complex,
NewRotunda TradingFloor,Ring,1st	Bandra (East),
Building, P.J Towers, Dalal Street, Fort,	MUMBAI-400 051
MUMBAI-400001.
Scrip Code: 502986	Scrip Code: VTL.

SUB: COMPLIANCE UNDER REGULATION 23(9) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith disclosure of Related Party Transactions on a consolidated basis, in the format specified in the accounting standards for the half year ended 30' September, 2019.

Kindly note and display the notice on your Notice Board for the information of the members of your exchange and general public.

Thanking You,

Yours faithfully,

YARNS | FABRICS | THREADS | GARMENTS | FIBRES | STEELS PAN NO.: AABCM4692E CIN: LI7111PB1973PLC003345 WWW.VARDHMAN.COM

Related party disclosure for Vardhman Textiles. Limited on consolidated basis - Half year ended September 30, 2019

1Description of related parties

Associates

Vardhman Yarns and Threads Limited \Vardhman Spinning and General Mills Limited Vardhman Special Steels Limited

Relative of KMP

Ms, Soumya Jain Ms,Sagrika Jain

Post Employment Benefit Plans Trust

Mahavir Employee Gratuity Fund Trust Mahavir Superannuation scheme VAL Gratuity Trust Fund VMT Gratuity Trust Fund VAL Superannuation scheme VMT Superannuation scheme

Key management personnel (KMP)

~ Mr, Rajeev Thapar, Chief Financial Officer Mr, S.P. Oswal, Chairman and Managing Director Mrs. Suchita Jain, Vice Chairperson & Joint Managing Director Mr, Neeraj Jain, Joint Managing Director Mr, Sachit Jain (Non-Executive Director) | Mr, D.L. Sharma (Non-Executive Director) Mr, Prafull Anubhai (Independent Director) Mr, Ashok Kumar Kundra (Independent Director) Dr, Subash Khanchand Bijlani (Independent Director) Mr. Devendra Bhushan Jain (Independent Director) Mr, Rajender Mohan Malla (Independent Director) Dr, Parampal Singh (Independent Director) Mrs, Harpreet Kaur Kang (Independent Director) Mr. Sanjay Gupta, Company Secretary Mr. B,K Choudhary, Managing Director Ms, Apinder Sodhi (Independent Director) Mr, Munish Chandra Gupta (Independent Director) Mr, Saniit Paul Singh (Independent Director) Mr,Surinder Kumar Bansal (Independent Director) Mr.Vivek Gupta, Chief Financial Officer Mr, Satin Katyal, Company Secretary (Ww.e.f. May 6, 2019) Mr. Vikas Kumar, Non-Executive Director Mr, Anil Sood, Chief Financial Officer (upto July 4, 2019)

Enterprises over which KMP have significant influence Vardhman Holdings Limited

Vardhman Apparels Limited Smt, Banarso Devi Oswal Public Charitable Trust Sri Aurobindo Socio Economic and Management Research Institute Adhiswar Enterprises LLP Devakar Investment and Trading Company Private Limited Santon Finance and Investment Company Limited Flamingo Finance and Investment Company Limited Ramaniya Finance and Investment Company Limited Mahavir Spinning Mills Private Limited Northern Trading Company Amber Syndicate Paras Syndicate Mahavir Traders Eastern Trading Company

2 Transactions with related parties

	For the half year endedSeptember 30, 2019
Sale /processing of goods to:
Associates	0,54
Enterprises over which KMP have significant influence	26,11
	26.65
Purchase/ processing of goods and utilities from:
Associates	754
	751
Sale of MEIS License
Associates	1,08
	1,08
Rent paid **Associates	;
Enterprises over which KMP have significant influence	0,06
	0.06
Rent received **
Associates	0.12
	0,12
Dividend received
Associates	3,89
	3.89
Interest Paid
Associates
Interest received
Associates	0,93
	0,93
Reimbursement of expenses received from
Associates	0,09
	0.09
Reimbursement of expenses paid
Associates	0,04
	0.04
Purchase of DEPB Licences
Associates
Recepit against corporate tax agreement
Associates	2.15:
* Joint Venture
	2.15
Donations to
Enterprises over which KMP have significant influence	4.30
	te ee4,30
Salary paid to
Relatives of KMP	0.10
	0.10

45,3 Outstanding Balances:

	For the half year endedSeptember 30, 2019
Receivables	0.26
Associates	0,03
Enterprises over'which KMP have significant influence	0.28
Payables
Associates	:
Loan given outstanding
Associates	15,00
Joint Venture
Enterprises over which KMP have significant influence
	15.00

45,4 Key management personnel compensation

	For the half year endedSeptember 30, 2019
Short-term benefits*	937.
	9.37

* excluding provirion for employee benefits employee stock options but includes sitting fees and commission paid / yayable to non executive directors

** Transactioil are exclusive of Taxes