Visaka Industries Ltd. — Annual Report 2019

Jun 3, 2019

VISAKA INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

All amounts in ₹ lakhs, unless otherwise stated

Details of transactions during the year where related party relationship existed:

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----- Start of picture text ----- Year ended Year endedNames of the related parties Nature of Transactions31 March 2019 31 March 2018Mrs.G.Saroja Vivekanand Remuneration* 548.29 565.52Mr.G.Vamsi Krishna Remuneration* 340.48 298.85Mr.V.Vallinath Remuneration* 88.27 73.65Mr.J.Pruthvidhar Rao Remuneration* 83.99 73.70Mr.I.Srinivas Remuneration* 31.09 27.45Mrs. G.Saroja Vivekanand Dividend paid 13.59 11.65Dr.G.Vivekanand Dividend paid 404.32 346.56Mr.G.Vamsi Krishna Dividend paid 0.61 0.52Mrs. G.Vritika Dividend paid 0.28 -Mrs. G.Vaishnavi Dividend paid 0.28 -G.VIVEKANAND FAMILY TRUST Dividend paid 0.01 -Mr. Bhagirat B. Merchant Commission and Sitting fees 12.20 8.30Dr. G.Vivekanand Commission and Sitting fees 11.12 8.10Mr. Nagam Krishna Rao Commission and Sitting fees - 1.25Mr. Gusti Noria Commission and Sitting fees 12.35 8.70Mr. V. Pattabhi Commission and Sitting fees 11.70 8.70Mr. P. Abraham Commission and Sitting fees - 5.05Mr. P. Srikar Reddy Commission and Sitting fees 10.55 7.90Mrs. G.Vritika Interest on Public Deposits 8.25 8.84Mrs. G.Vaishnavi Interest on Public Deposits 3.27 2.96Mr. G.Venkat Krishna Interest on Public Deposits 6.96 11.43Mrs. B.L. Sujata Interest on Public Deposits 1.60 1.45Mrs. K.Vimala Interest on Public Deposits - -Mr. Subramanyam Kasinadhuni Interest on Public Deposits 2.87 0.59Dr.G.Vivekanand Loan received 119.56 621.50Loan Repaid 147.06 649.00Interest paid on Unsecured loan 2.93 16.79Mrs. G.Saroja Vivekanand Loan received 648.00 930.00Loan Repaid 1,033.00 545.00Interest paid on Unsecured loan 19.39 4.02VIL Media Pvt Ltd Interest paid on Inter corporate deposits 3.78 27.11Inter corporate deposits received - 850.00Inter corporate deposits repaid 390.00 460.00Advertising Expenses 314.41 41.30Advances paid 141.00 -V Solar Roofings Pvt Ltd Advances paid 1.00 -Visaka Charitable Trust Contribution towards CSR 37.70 88.26Ecovav Construction Private Limited Purchases 218.28 32.60sales 7.14 5.58A- Bond Strands Private limited Handling Charges 10.41 11.38Interest on security deposits 1.17 -Security deposit received 75.00 -Mrs. G.Vritika Public Deposits received 30.00 -Mrs. G.Vaishnavi Public Deposits received 2.77 2.51Mr. G.Venkat Krishna Public Deposits received - 6.00Mrs. B.L. Sujata Public Deposits received - 1.27Mr. Subramanyam Kasinadhuni Public Deposits received - 25.00Mrs. G.Vritika Public Deposits repaid 86.00 -Mr. G.Venkat Krishna Public Deposits repaid 100.00 ------ End of picture text -----

• Post employment benefits are acturially determined on overall basis and hence not seperately provided.

VISAKA INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

All amounts in ₹ lakhs, unless otherwise stated

Details of outstanding balances as at the year end where related party relationship existed:

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----- Start of picture text ----- Names of the related parties Nature of Balance 31 March 2019 31 March 2018Dr.G.Vivekanand Unsecured Loan Outstanding - 27.50Mrs. G.Saroja Vivekanand Unsecured Loan Outstanding - 385.00VIL Media Pvt Ltd Inter corporate deposits Outstanding - 390.00Advances Outstanding 141.00 -A- Bond Strands Private limited Security deposit Outstanding including 76.05 -interestV Solar Roofings Pvt Ltd Advances Outstanding 1.00 -Mrs. G.Vritika Public Deposits Outstanding 24.34 80.34Ms. G.Vaishnavi Public Deposits Outstanding 29.62 26.85Mr. G.Venkat Krishna Public Deposits Outstanding 6.00 106.00Mrs. B.L. Sujata Public Deposits Outstanding 13.59 13.59Mr. Subramanyam Kasinadhuni Public Deposits Outstanding 25.00 25.00Mr.V.Vallinath Advances Outstanding 1.89 13.26Mr.J.Pruthvidhar Rao Advances Outstanding 4.88 14.57Mr.Srinivas I Advances Outstanding 4.00 8.39----- End of picture text -----