Visaka Industries Ltd. — Annual Report 2021

May 20, 2021

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Ref: VIL/SEC/ST-EX/RPT/2021-22/11

Date: 20.05.2021

To,

Ref: VIL/SEC/ST-EX/RPT/2021-22/11 To,	Date: 20.05.2021
National Stock Exchange of India Limited, Exchange Plaza, 5thFloor, Plot No. C/1G Block, Bandra Kurla Complex, Bandra(East),Mumbai – 400 051	BSE Limited, The Senior General Manager, Listing Compliances, Floor 25, P. J. Towers, Dalal Street,Mumbai – 400 001
Scrip Code – VISAKAIND	Scrip Code – 509055

Sub: Related Party Transactions

Dear Sir/s,

We enclose, in terms of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, statement on related party transactions of the Company for the half year ended March 31, 2021 in the required format.

This is for your information and records please. Thanking you,

Yours faithfully,

For VISAKA INDUSTRIES LIMITED

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Authorised Signatory

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Encl. as above.

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Notes to the Standalone financial statements for the year ended 31 March 2021

40. Related party transactions

Names of related parties and nature of relationships:

40. Related party transactions Names of related parties and nature of relationships:
Names of the relatedparties	Nature of relationship
i) Key Managerial Personnel(KMP):
Mrs. G.Saroja Vivekanand	ManagingDirector
Mr.G.Vamsi Krishna	Joint ManagingDirector
Mr.V.Vallinath(till September 08,2020)	Whole-time Director & CFO
Mr.J.Pruthvidhar Rao	Whole-time Director
Mr.S.Shafulla(with efect from September9,2020)	Chief Financial Ofcer
Mr.I. Srinivas	Company Secretary & Vice- President(Corporate Afairs)
ii) Non-whole-time Directors
Mr. Bhagirat B. Merchant(Retired on March31,2021)	Director
Dr. G.Vivekanand	Director
Mr. Gusti Noria	Director
Mr. V. Pattabhi(Retired on March31,2021)	Director
Mr. P. Srikar Reddy	Director
Mr. Gogineni Appnender Babu	Director
Mrs. Vanitha Datla(with efect from May26,2020)	Director
iii) Relatives of key managerialpersonnel:
Mrs. G.Vritika	Daughter of Mrs. Saroja Vivekanand
Mrs. G.Vaishnavi	Daughter of Mrs. Saroja Vivekanand
Mr. G.Venkat Krishna	Son of Mrs. Saroja Vivekanand
Mrs. B.L. Sujata	Spouse of Mr. V.Vallinath
Mrs. K.Vimala	Mother of Mrs. Saroja Vivekanand
iv) Enterprises in which key managerialpersonnel and/or their relatives have control:
a)Visaka Thermal Power Limited
b)Visaka Charitable Trust
c)VIL Media Private Limited
d)A-Bond Strands Private Limited(ceased with efect from December 2,2020)
e)V-Solar roofngPrivate Limited
f)G Vivekanand familytrust
g)SV familytrust
h)Arudra Roofngs Private Limited
i)Ecovav Construction Private Limited(ceased with efect from June 28,2019)
V) Subsidiary companies
a)VNEXT Solutions Private Limited
b)ATUM Life Private Limited

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

Details of transactions during the year where related party relationship existed:	Details of transactions during the year where related party relationship existed:
All amounts inHlakhs
Names of the related parties	Nature of Transactions Year ended 31 March 2021 Year ended 31 March 2020
Mrs. G.Saroja Vivekanand	Remuneration* 834.83 267.70
Mr.G.Vamsi Krishna	Remuneration* 496.79 186.13
Mr.V.Vallinath	Remuneration* 164.29 96.00
Mr.J.Pruthvidhar Rao	Remuneration* 102.77 95.98

Annual Report 2020-21 145

Notes to the Standalone financial statements for the year ended 31 March 2021

40. Related party transactions (contd.)

40. Related party transactions(contd.)	40. Related party transactions(contd.)
All amounts inHlakhs
Names of the related parties	Nature of Transactions Year ended 31 March 2021 Year ended 31 March 2020
Mr.S.Shafulla	Remuneration* 24.84 0.00
Mr.I. Srinivas	Remuneration* 36.71 35.07
Mrs. G.Saroja Vivekanand	Dividendpaid 14.71 42.71
Dr.G.Vivekanand	Dividendpaid 330.60 1,285.53
Mr.G.Vamsi Krishna	Dividendpaid 1.09 3.39
Mrs. G.Vritika	Dividendpaid 0.20 0.88
Mrs. G.Vaishnavi	Dividendpaid 0.20 0.88
G Vivekanand familytrust	Dividendpaid 1.83 8.07
SV familytrust	Dividendpaid 0.77 3.41
Arudra Roofngs Private Limited	Dividendpaid 28.41 124.99
VIL Media Private Limited	Dividendpaid 0.02 0.11
Mr. Bhagirat B. Merchant	Commission and Sittingfees 12.55 11.90
Dr. G.Vivekanand	Commission and Sittingfees 11.80 11.85
Mr. Gusti Noria	Commission and Sittingfees 12.15 12.60
Mr. V. Pattabhi	Commission and Sittingfees 12.55 12.60
Mr. P. Srikar Reddy	Commission and Sittingfees 11.35 10.95
Mr. Gogineni Appnender Babu	Commission and Sittingfees 11.50 7.67
Mrs. Vanitha Datla	Commission 9.17 -
Mrs. G.Vritika	Interest on Public Deposits 2.67 2.68
Mrs. G.Vaishnavi	Interest on Public Deposits 3.65 3.62
Mr. G.Venkat Krishna	Interest on Public Deposits 0.60 0.66
Mrs. B.L. Sujata	Interest on Public Deposits 3.45 4.43
Mrs. K.Vimala	Interest on Public Deposits 2.80 2.88
Dr.G.Vivekanand	Loan received 1,130.00 465.00
	Loan Repaid 1,380.00 215.00
	Interest on Unsecured loan 7.49 1.14
Mrs. G.Saroja Vivekanand	Loan received 472.70 269.30
	Loan Repaid 472.70 269.30
	Interest on Unsecured loan 1.00 2.17
Mr.G.Vamsi Krishna	Royalty paid 9.57 -
Arudra Roofngs Private Limited	ICD received 114.00
	Interest on ICD 1.38 -
VIL Media Private Limited	AdvertisingExpenses 591.72 410.42
Visaka Charitable Trust	Contribution towards CSR 136.10 171.00
Ecovav Construction Private Limited	Purchases - 21.02
	Sales - 6.76
Vnext Solutions Private Limited	Investment 1.00 -
	Sale 13.39 -
Atum Life Private Limited	Investment 1.00 -
A- Bond Strands Private limited	HandlingCharges 2.08 7.52
	Interest on securitydeposits 1.24 4.57
	Securitydeposit repaid - 60.00
Mrs. G.Vritika	Public Deposits received 8.00 -
Mrs. G.Vaishnavi	Public Deposits received 3.42 3.06
Mrs. B.L. Sujata	Public Deposits received - 38.96
Mrs. B.L. Sujata	Public Deposits repaid 36.00 -

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

146 Visaka Industries Limited

Notes to the Standalone financial statements for the year ended 31 March 2021

40. Related party transactions (contd.) Details of outstanding balances as at the year end where related party relationship existed:

Details of outstanding balances as at the year end where related party relationship existed:	Details of outstanding balances as at the year end where related party relationship existed:
All amounts inHlakhs
Names of the relatedparties	Nature of Balance 31 March 2021 31 March 2020
Dr.G.Vivekanand	Unsecured Loan Outstanding - 250.00
Arudra Roofngs Private Limited	ICD outstanding 114.00 -
A- Bond Strands Private limited	Securitydeposit Outstanding - 20.62
Vnext Solutions Private Limited	Debtors Outstanding 2.49 -
	Advancesgiven 6.90 -
Mrs. G.Vritika	Public Deposits Outstanding 32.34 24.34
Ms. G.Vaishnavi	Public Deposits Outstanding 36.10 32.68
Mr. G.Venkat Krishna	Public Deposits Outstanding 6.00 6.00
Mrs. B.L. Sujata	Public Deposits Outstanding - 52.55
Mrs. K.Vimala	Public Deposits Outstanding 25.00 25.00
Mr.J.Pruthvidhar Rao	Advances Outstanding 1.27 19.20
Mr.S.Shafulla	Advances Outstanding 2.56 -