Vardhman Textiles Limted — Interim / Quarterly Report 2021

Jun 16, 2021

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

Ref. VIXL:SCY:JUN:2021-22 Dated: 16-Jun-2021

BSE Limited,	The National Stock Exchange of India Ltd,
New Trading Ring,	Exchange Plaza, Bandra-Kurla Complex,
Rotunda Building, P.J. Towers,	Bandra (East),
Dalal Street, MUMBAI-400001.	MUMBAI-400 051
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 31° March, 2021.

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 March 31, 2021

1 Description 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. 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. Prafull Anubhai (Independent Director)
• Mr. Ashok Kumar Kundra (Independent Director)
• Dr. Subash Khanchand Bijlani (Independent Director)
• Mr. Devendra Bhushan Jain (Independent Director) (upto 7 November, 2020)
• Dr. Parampal Singh (Independent Director)
• Mrs. Harpreet Kaur Kang (Independent Director)
• 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.Satin Katyal, Company Secretary
• Mr. D. K. Sindhwani, Director-in-charge (w.e.f. 16 March, 2021)
• Mr. Vikas Kumar, Non-Executive Director
• Mr. Amit Khullar, Chief Financial Officer

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
	March 31, 2021
Sale /processing of goods to:
Associates
Enterprises over which KMP have significant influence
Purchase/ processing of goods and utilities from:
Associates
Sale of MEIS License
Associates
Purchase of DEPB Licences
Associates
Rent paid **
Associates
Enterprises over which KMP have significant influence
Rent received **
Associates
Dividend received
Associates
Interest Paid
Associates
Interest received
Associates
Reimbursement of expenses received from
Associates	0.004
	0.004
Reimbursement of expenses paid
Associates
Recepit against corporate tax agreement
Associates
Payment against licence agreement
Enterprises over which KMP have significant influence	1.22
	1.22
Donations to
Enterprises over which KMP have significant influence	5.40
	5.40
Salary paid to
Relatives of KMP	0.07
	0.07
Outstanding Balances:Ww

Receivables Associates Enterprises over which KMP have significant influence Post Employment Benefit Plans Trusts Payables Associates Enterprises over which KMP have significant influence Post Employment Benefit Plans Trusts Contribution to post employment benefit plans Post Employment Benefit Plans Trusts 0.03 0.01 2.37 2.42

Kev management personnel compensation

Short-term benefits*

* excluding provision for employee benefits,employee stock options ** Transaction are exciusive of Taxes

13.42