Vardhman Textiles Limted — Interim / Quarterly Report 2019

Jun 7, 2019

LUDHIANA-l4l0l0, PUNjAB T: +9l-l6I-2228943-48 F: +9l-I6l-260l 048 E: secretarial.lud@vardhman.com

DatedLo7,9,6.2919

General The Deputy Manager,	of National The Stock India Ltd, Exchange
Corporate Relationship Deptt,	"Exchange Plaza,
Stock Limited, Bombay Exchange	1 Bandra—Kurla Complex,
Rotunda New Floor, Trading Ring, 1St	Bandra (East),
Dalal P.J Towers, Street, Fort, Building,	MUMBAI-4oo 051
MUMBAMQOQQI
Code: Scrip 502986	VTL Code: Scrip "#777

SUB: COMPLIANCE UNDER REGULATION 23(9) OF SEBl (LISTING OBLIGATIONS AND DISCLOSURE REQU[REMENIS)BEG,ULATIONSLZOIS.

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 31St March, 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,

FOR VARDHMAN TEXTILES LIMITED

COMPANY SECRETARY

YARNS ^l FABRICS ^l THREADS ^l GARMENTS ^l FIBRES ^l STEELS

Related party disclosure for Vardhman Textiles Limited on ^a consolidated basis - Half year ended March 31, 2019

¹ Description of related parties

Joint ventures

Vardhman Nisshinbo Garments Company Limited (upto January 22, 2019)

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. 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. l'rafull Anubhai (Independent Director) Mr. Ashok Kumar Kundra (Independent Director) Dr. Subash Khanchand Bijlani (Independent Director) Mr. Devendra Bhushan Jain (Independent Director) Mr. Rajender Mohan Malia (Independent Director) Dr. Parampal Singh (Independent Director) Mrs. Harpreet Kaur Kang (Independent Director) (w.e.f February 06, 2019) Mr. Rajeev Thapar, Chief Financial Officer . Mr. Sanjay Gupta, Company Secretary Mr. B.K Choudhary, Managing Director Ms. Apinder Sodhi (Independent Director) Mr. Munish Chandra Gupta (Independent Director) Mr. Sanjit Paul Singh (Independent Director) Mr.Surinder Kumar Bansal (Independent Director) Mr.Vivek Gupta, Chief Financial Officer Mr. Ankur Gauba, Company Secretary (upto March 30, 2019) Mr. Vikas Kumar, Non-Executive Director (w.e.f. January 23, 2019) Mr. Anil Sood, Chief Financial Officer (w.e.f. January 23,2019) Mr. Satin Katval, Company Secretary (upto November 12, 2018)

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

Transactions with related parties (Rs. in Crores)

	For the half year ended 2019 March 31,
of goods to: Sale [processing
Associates	4.66
Enterprises over which KMP have significant influence	25.97
	30.63
of goods and utilities from: Purchase/processing
Associates	8.04
	8.04
Sale of MEIS License
Associates	0.56
	0.56
**
Rent paid Associates	0.00
Enterprises over which KMP have significant influence	0.06
	0.06
Rent received **
Associates	0.12
Dividend received	0.12
Associates	3.14
	3.14
Interest Paid
Associates	0.00
Interest received
Associates	0.65 ,
Joint Venture
Reimbursement of	0.65
expenses received from Associates	0.14
Joint Venture '	—
	0.14
of Reimbursement expenses paid
Associates Joint Venture	0.67 —
	0.67
Purchase of DEPB Licences
Associates	-
tax Recepit against corporate agreement
Associates Joint Venture	2.23 —
	2.23
licence agreement Payment against
Enterprises over which KMP have significant influence	1.08
	1.08
Donations to
Enterprises over which KMP have significant influence	3.45
	3.45
Salary paid to	0.08
Relatives of KMP	0.08
to benefit Contribution post employment plans
Post Employment Benefit Plans Trust	3.10
	3.10

11:). !':':?/ 1...»: ^g E i'l " F' H's) 1'35;

Outstanding Balances:

	For the half ended year 2019 March 31,
Receivables
Associates	0.03
Joint Venture
Enterprises over which KMP have significant influence	0.01
	0.03
Payables
Associates	0.46
	0.46
Loan given outstanding
Asso'ciates	15.00
Joint Venture
Enterprises over which KMP have significant influence
	15.00

Key management personnel compensation

	For the half year ended 2019 March 31,
Short-term benefits"	12.69
	12.69

* excluding provision for employee benefits,emp|oyee stock options but includes sitting fees and commission paid / payable to non executive directors

** Transaction are exclusive of Taxes