seshasayee paper and boardslimitedseshasa yee paper and boards limited information onrelated...
TRANSCRIPT
SeshasayeePaper andBoards Limited
Regd Office & Works : Pallipalayam, Namakkal District,Erode - 638 007, Tamilnadu, India, Ph : 91 - 4288 - 240221 to 240228Fax: 91 - 4288 - 240229 ernail : [email protected] Web : www.spbltd.comCIN: L21012TZ1960PLC000364
Ref No: SE I RPT I H2-1819 2019 June 21
Corporate Services DepartmentBSE LimitedFloor 25, P J Towers,Dalal Street,Mumbai 400 001.
The Listing DepartmentNational Stock Exchange of IndiaLimited,Exchange Plaza, 5th Floor,Plot No. C/1, G Block,Bandra Kurla Complex, Bandra (E)Mumbai - 400 051
Dear Sir,
Sub: Disclosure of Related Party Transactions on a Consolidated basis for thehalf year ended March 31, 2019.
Ref: Regulation 23 (9) of the SEBI (Listing Obligation and DisclosureRequirement) regulations, 2015 (as amended in the year 2019)
o Pursuant to the Regulation cited above under reference, please findenclosed disclosure of Related Party Transactions on a Consolidated basisfor the half year ended March 31, 2019.
Thanking you,
Yours faithfully,
For Seshasayee Paper and Boards Limited
-(V PICHAI)
Deputy Managing Director & Secretary
Page 1 of 1
SESHASA YEE PAPER AND BOARDS LIMITED
Information on Related party Transactions as Required under Regulation 23 (9) of SEBI (LODR) Regulations, 2015 (In theformat prescribed under Ind AS 24- Related Party Disclosure) for the half year ended March 31, 2019
A) Subsidiary: (where control exists)
Direct Subsidiary
Name of the Company- Esvi International (Engineers & Exporters) Limited(ESVIN)
% of Holding as at31-03-2019
100.00
B) Associates:- Ponni Sugars(Erode) Limited (PEL) 27.45
C) Key Managerrial Personnel:- Sri N Gopalaratnam, Chairman- Sri K S Kasi Viswanathan, Managing Director- Sri V Pichai, Deputy Managing Director & Secretary
DIRECTORS:Sri RV Gupta, I A S (Retd.)Mr Shambhu Kallolikar, I A SDr Nanditha KrishnaSri S Narayan, I A S(Retd.)Dr.(Tmt.) M Aarthi, I A SSri A L SomayajiSri V Sridar
D) Entities Controlled by Directors- SPB Projects and Consultancy Limited (SPB-PC)- Time Square Investments Private Limited (TSI)- Dhanashree Investments Private Limited (DSI)- Ultra Investments and Leasing Co. Private Limited (UIL)
E) Transaction details:
(a) Esvi International (Engineers & Exporters) Limited
Transactions during the Period
(b) Ponni Sugars (Erode) Limited:
- Purchase of Bagasse- Purchase of Sugar- Sale of fuel- Sale of Paper, Water- Other transactions (Net Debit)
(c) Dhanashree Investments Private Limited
- Rent and amenity charges
(d) Ultra Investments and Leasing Co. Private Limited
- Reimbursement of expenses
(e) Time Square Investments Private Limited
Transactions during the Period
Transaction amount~
Oct 18 - Mar 19
Amount outstandingon 31-03-2019
Nil
Assets:Investments in:1 25 000 EquityShares (100%)
108220052333902
44241492502060108197
Assets:Investments in:23 60 260 EquityShares (27.45%)
Liabilities:17 68 181 EquityShares (14.02%)
Payable:~35248857
180000Liabilities :5 90 258 EquityShares (4.68%)
10000Liabilities:1 85 296 EquityShares (1.47%)
Nil
Liabilities:1257621 EquityShares (10.76%)
E) Transaction details (Contd.) :
(f) SPB Projects and Consultancy Limited
- Reimbursement of expenses- Inter Corporate Loan given- Interest on Inter Corporate Loan recognised
(g) Remuneration to Chairman, Managing Directorand other Whole-time Directors :
Oct 18 - Mar 19Short term employee benefitsPost Employee benefits (gratuity) & Long term benefits(Superannuation fund)Contribution to Provident Fund
(h) Sitting fees and Commission to Directors
Sitting feesCommission
Oct 1 8 - Mar 1 9~
42006000000180822
Sri N Gopalaratnam
79800001082819
478800
9541619
Oct 18 - Mar 19~
10000001750000
2750000
Sri K S KasiViswanathan
~
7864800919993
406800
9191593
Amount outstandingon 31-03-2019
Assets:Investments in:50 000 EquityShares (16.67%)
Inter Corporate loan~ 60 00 000
Interest receivable~ 1 80822
Liabilities:2272 EquityShares (0.02%)
Sri V Pichai
7864800919993
406800
9191593