Voltas Ltd. — Interim / Quarterly Report 2020

Jun 27, 2020

27[th ] June, 2020

BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051

Dear Sirs,

Sub: Disclosure of Related Party Transactions for the half year ended 31[st] March, 2020

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Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith disclosure of Related Party Transactions on a consolidated basis for the half year ended 31[st] March, 2020.

This is for your information and records.

Thanking you,

Yours faithfully, VOLTAS LIMITED VARUN PRAKASH MALHOTRA Digitally signed by VARUN PRAKASH MALHOTRA DN: c=IN, o=Personal, postalCode=400064, st=Maharashtra, 2.5.4.20=2bf28ab3a6f81db2c3801da480fd804727a99930cf4993c82b1b7985e14a166c, pseudonym=0791BA6D6F5557EE6212ADC68616BB528F2418EA, serialNumber=C83C10482E244280DBDBF9FD414D2365877CBCA96912E198AED7AC94EBA3FE8F, cn=VARUN PRAKASH MALHOTRA Date: 2020.06.27 21:32:27 +05'30'

(V. P. Malhotra) Vice President – Taxation, Legal & Company Secretary

Enc.

VOLTAS LIMITED

RELATED PARTY DISCLOSURES - LIST OF RELATED PARTIES

Party	Party	Party	Relation
	Related Parties (Where transactions have taken place during half year ended 31st March, 2020)
1		Brihat Trading Private Limited Naba Diganta Water Management Limited Terrot GmbH	Associate
2		Universal Voltas L.L.C. Olayan Voltas Contracting Company Limited Voltas Water Solutions Private Limited Voltbek Home Appliances Private Limited	Joint Venture
3		Whole-Time Directors Mr. Pradeep Bakshi - Managing Director & CEO Mr. Anil George - Deputy Managing Director and CFO Vice President-Taxation, Legal & Company Secretary V. P. Malhotra	Key Management Personnel
4		Non-Executive Directors	Directors
		Mr. Noel N. Tata - Chairman
		Mr. Vinayak Deshpande
		Mr. Hemant Bhargava
		Independent Directors Mr. Debendranath Sarangi Mr. Bahram N. Vakil Ms. Anjali Bansal Mr. Arunkumar Adhikari Mr. Zubin Dubash
5		Voltas Limited Provident Fund Voltas Managerial Staff Provident Fund Voltas Limited Employees’ Gratuity Fund Voltas Limited Managerial Staff Gratuity Fund Voltas Limited Employees’ Superannuation Scheme	Employee Benefit Funds
6		Tata Sons Private Limited	Promoter
7		Automotive Stampings and Assemblies Limited	Subsidiaries and Joint Ventures of Promoter
		C-Edge Technologies Limited
		Ewart Investments Limited
		Gurgaon Realtech Limited
		Infiniti Retail Limited
		MahaOnline Limited
		Mikado Realtors Private Limited
		TAL Manufacturing Solutions Limited
		TASEC Limited (formerly TAS-AGT Systems Limited)
		Tata Advanced Materials Limited
		Tata Advanced Materials Limited
		Tata Advanced Systems Limited
		TATA Africa Holdings (Kenya) Limited
		Tata AIA Life Insurance Company Limited
		Tata AIG General Insurance Company Limited
		Tata Asset Management Limited
		Tata Autocomp Hendrickson Suspensions Private Limited (formerly Taco Hendrickson Suspensions Private Limited)
		Tata Autocomp Katcon Exhaust Systems Private Limited (formerly Katcon India Private Limited)
		Tata Autocomp Systems Limited
		Tata Capital Financial Services limited
		Tata Capital Housing Finance Limited
		Tata Capital Limited
		Tata Communications Limited
		Tata Communications Payment Solutions Limited
		Tata Communications Transformation Services Limited
		Tata Consultancy Services Limited
		Tata Consulting Engineers Limited
		Tata De Mocambique, Limitada
		Tata Digital Limited
		Tata Ficosa Automotive Systems Private Limited (formerly Tata Ficosa Automotive Systems Limited)
		Tata Housing Development Company Limited
		Tata Industries Limited
		Tata International DLT Private Limited
		Tata International Limited
		Tata International Metals (UK) Limited (formerly Tata Steel International (UK) Limited)
		Tata Investment Corporation Limited
		Tata Lockheed Martin Aerostructures Limited
		Tata Petrodyne Limited
		Tata Realty and Infrastructure Limited
		Tata Sikorsky Aerospace Limited (formerly Tara Aerospace Systems Limited)
		Tata Sky Limited
		Tata Sky Broadband Private Limited (formerly Quickest Broadband Private Limited)
		Tata Teleservices (Maharashtra) Limited
		Tata Teleservices Limited
		Tata Toyo Radiator Limited
		Tata Unistore Limited (formerly Tata Industrial Services Limited)
		TCS Foundation
		THDC Management Services Limited (formerly THDC Facility Management Limited)
		TM Automotive Seating Systems Private Limited
		TRIF Real Estate And Development Limited
		TRIL Amritsar Projects Limited (formerly TRIF Amritsar Projects Limited)
		TRIL Infopark Limited
		TRIL IT4 Private Limited (formerly Albrecht Builder Private Limited)
		TRIL Urban Transport Private Limited

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VOLTAS LIMITED

Disclosure of Consolidated Related Party Transactions for the half year ended 31st March, 2020

Rs. inCrores	Rs. inCrores	Rs. inCrores	Rs. inCrores	Rs. inCrores	Rs. inCrores	Rs. inCrores	Rs. inCrores	Rs. inCrores	Rs. inCrores
**Sr. No. **	Transactions	Associates	Joint Ventures	Promoter	Subsidiaries and Joint Ventures of Promoter	Key Management Personnel	Directors	Employee Benefit Funds	Total
1	Purchases ofstock-in-trade	-	2.66	-	-	-	-	-	2.66
2	Sale of Products	-	0.62	-	9.99	-	-	-	10.61
3	ServiceIncome-Otherthan Managementfees	0.10	0.04	0.06	51.01	-	-	-	51.21
4	Constructioncontractrevenue (Includes billed and unbilledrevenue)	-	-	-	42.09	-	-	-	42.09
5	InterestIncome	-	-	-	8.51	-	-	-	8.51
6	Rental Income	-	-	-	5.69	-	-	-	5.69
7	DividendIncome	-	-	-	1.96	-	-	-	1.96
8	Servicesreceivedforexecutionofcontracts	-	-	-	0.07	-	-	-	0.07
9	Commission Received /Receivable	0.26	-	-	-	-	-	-	0.26
10	Deputationchargesreceived	-	7.09	-	-	-	-	-	7.09
11	Remuneration Paid /Payableincluding Commission	-	-	-	-	2.95	1.40	-	4.35
12	SittingFees	-	-	-	-	-	0.20	-	0.20
13	TataBrandEquity	-	-	5.16	-	-	-	-	5.16
14	Purchase ofgoods / servicesforexecutionofcontracts	-	11.22	-	0.39	-	-	-	11.61
15	Other Expenses- Received/Receivable	-	30.78	0.05	-	-	-	-	30.83
16	Other Expenses- Paid/Payable	-	2.06	0.14	9.65	-	-	-	11.85
17	Purchase ofproperty, plant and equipment	-	0.01	-	1.21	-	-	-	1.22
18	Acquisitionofbusiness (net consideration)	-	-	-	0.24	-	-	-	0.24
19	Refund of Investmentsin Bonds/Debentures	-	-	-	101.25	-	-	-	101.25
20	Investmentsin Equity shares	-	69.58	-	-	-	-	-	69.58
21	Security deposit at the end ofthe year	-	-	-	8.25	-	-	-	8.25
22	SecurityDepositRefunded	-	-	-	0.38	-	-	-	0.38
23	Provision for Debts andAdvances at yearend	-	-	-	1.02	-	-	-	1.02
24	Advance Outstanding at yearend	-	0.08	0.14	0.12	-	-	-	0.34
25	Outstanding ShareApplication Money at yearend	-	13.13	-	-	-	-	-	13.13
26	DebitBalance Outstanding at yearend	0.03	21.98	-	126.74	-	-	-	148.75
27	CreditBalance Outstanding at yearend	0.24	2.30	10.04	0.98	-	-	-	13.56
28	Guarantees Outstanding at yearend	-	75.38	-	-	-	-	-	75.38
29	ContractRevenueinexcess of Billing	-	-	-	53.82	-	0.02	-	53.84
30	ContributiontoEmployee benefitfund	-	-	-	-	-	-	3.47	3.47

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