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I TILES MARBLE MOSAICO
To,
Corporate Service Dept. Bombay Stock Exchange Limited Jeejeebhoy Towers Dalal Street, Mumbai - 400 001 Script code: 532722
Dear Sir/ Madam,
Date: 19th November, 2019
The Listing Department, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip t code: NITCO
Sub: Disclosure of Related Party Transactions for the half year ended 30th September, 2019 pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015
Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015, please find enclosed herewith the details of Related Party Transactions, on consolidated basis, for the half year ended 30th September, 2019.
This is for your information and record.
Yours faithfully, For NITCO Limited
Motwani C mpany Secretary & Compliance Officer
Corporate Office: NITCO Li mited, NITCO House, Sheth Govindram Jolly Marg, Kanj ur Marg East, Mumba i - 400 042 . Tel.: 91-22-67302500 I 67521555, Fax: 91 -22-25786484. CIN: L26920MH 1966PLC016547.
Ema il:investorg rieva nces@nit co .in, Website: www.nit co. in
NITCO LIMTIED
Related Party Disclosures for Nitco Limited on a consolidated basis - Half year ended September 30, 2019.
Related party disclosures as required by IND As 24 "Related Party Disclosures" are given below:
(A) List of related parties with whom transactions have taken place:
Key Management Personnel (KMP) Mr. Vivek Talwar- Chairman & Managing Director I Mr. Rajesh Sunderlal Shah - Director
Mr. Rajeshbhai J Likh iya- Director I Mr. Rameshchandra Mithalal Derasariya- Director
List of other related parties
Entity having significant influence over the Company Aurelia Estate & I nvestment Pvt. Ltd.
Post- Employment benefit plans Nitco Limited Employees Group Gratuity Schemes Nitco Tiles Ltd . Superannuation Fund
Relative of Key Management Personnel (KMP)
Anjali Talwar Khushbuben Rameshbhai Derasariya
Rohan Talwar Meenaben C.Gandhi
Poonam Talwar Nayna Pravinbha i Mehta
Abhishek Sureshbhai Mehta Payal Vishal Gandh i
Ashvinbhai Raghavjibhai Jivani Pravinchandra Sevantilal Sheth - HUF
Dhirubhai Bhurabhai Boda Rajesh S.Shah
Hardik Rajeshbhai Likhiya Rameshbhai Babu lal Bhadja
Hina Yogesh Gandhi Sadhna Sureshbhai Mehta
Jayesh Mavjibhai Chan iyra Utsav V Mehta
Karan Pravinbhai Shah
Entities where control/ significant influence by KMPs and their relatives exists and with whom transaction have taken place Eden Garden Builders Pvt. Ltd. Nitco Tiles & Marble I ndustries (Andhra) Pvt. Ltd.
Enjoy Builders Pvt. Ltd. Nitco Sales Corporation Delhi
Lavender Properties Pvt. Ltd. Nitco Tiles Sales Corporat ion
Prakalp Properties Pvt. Ltd. Northern India Tiles Sales Corporat ion
Rang Mandir Builders Pvt. Ltd . Gem manufacturing I ndia Pvt. Ltd.
Usha Kiran Bu ilders Pvt. Ltd. Unique Cera Tileware Pvt. Ltd.
Saisha Trading LLP Multistone Granito Pvt. Ltd.
I B Hospitality Pvt. Ltd . Patidar Power Pvt. Ltd.
Watco Trading Private Limited Vardhman Vitrified Pvt. Ltd.
Watco Engineering Pvt. Ltd. Nilcity Plast Pvt. Ltd .
*
(B) Transactions during half year ended September 30, 2019 w ith Related Parties:
Transaction Key
Management Personnel
Entities where control/
significant influence by KMPs and their relatives
exist
Postemployment benefit plan
Sitting fees on behalf of Nominee Directors i.e. Mr. Vivek Grover and Mr. Samir Chawla is paid to JM Financial
Asset Reconstruction Company Limited (JMFARC).
(B) Balances outstanding with Related Parties as at September 30, 2019:
Transactions
Amount Receivable/ (Payable)
Saumya Buildcon Pvt. Ltd .
Eden Garden Builders Pvt. Ltd .
Enjoy Bu ilders Pvt. Ltd.
Lavender Properties Pvt . Ltd .
Prakalp Properties Pvt. Ltd.
Rang Mandir Builders Pvt. Ltd .
Usha Kiran Bu ilders Pvt. Ltd .
Poonam Ta lwar
Nitco T iles & Marble I ndustries (Andhra)
Pvt. Ltd .
Nitco Paints Pvt . Ltd .
Eden Garden Builders Pvt. Ltd.
Enjoy Builders Pvt. Ltd.
Lavender Propert ies Pvt. Ltd.
Prakalp Properties Pvt. Ltd.
Rang Mandir Builders Pvt. Ltd.
Usha Kiran Builders Pvt. Ltd.
Sa isha Trading LLP
Watco Trading Private Lim ited
Watco Engineering Pvt. Ltd.
Nitco Sales Cor porat ion Delhi
Nitco Tiles Sales Corporation
Northern India Tiles Sales Corporation
JM Townsh ip & Real Estate Pvt. Ltd.
Rajeshbhai Likh iya
Abhishek Sureshbhai Mehta
Ashvinbhai Raghavjibhai Jivani
Dh irubhai Bhurabhai Boda
Hardik Rajeshbhai Likh iya
Hina Yogesh Gandhi
Jayesh Mavjibh ai Chaniyra
Karan Pravinbh ai Shah
Khushbuben Rameshbhai Derasariya
Meenaben C.Gandhi
Nayna Pravinbhai Mehta
Payal Vishal Gandhi
Pravinchandra Sevantila l Sheth - HUF
Rajesh S.Shah
Rameshbhai Babu lal Bhadja
Key Management
Personnel
(19.50)
As at September 30, 2019
Entities where control/ Post-significant
influence by KMPs employment
and their relative benefit plan
exist
995.99
150.00
205.00
150.00
145 .00
200.00
150.00
9.19
1.00
(191.50)
(17.10)
(26 .74)
(20 .88)
(19.30)
(27 .70)
(20 .70)
(330.51)
(115 .70)
(23 .40)
(0.02)
(0 .23) (1.73)
965 .50
(21.50)
(13 .00)
(2.00)
(12.50)
(96.49)
(26 .90)
(10.59)
(7 .50)
(87.35)
(14.50)
(21.17)
(16.29)
(21.17)
(10.75)
Rs. in Lacs
995.99
150.00
205 .00
1so.oo 1
145.00
200.00
150.00 I
9.19
1.00
(191.50)
(17. 10)
(26.74)
(20 .88)
(19.30)
(27 .70)
(20.70)
(330.51)
(115.70)
(23.40)
(0.02)
(0 .23) (1.73)
965.50
(19.50)
(2 1.50)
(13.00)
(2 .00)
(12.50)
(96.49)
(26.90)
(10.59)
(7.50)
Sadhna Sureshbhai Mehta (27.00) (27.00)
Utsav V Mehta (7 .00) (7 .00)
Vardhman Vitrified Pvt. Ltd. 18.94 18.94
Nilcity Plast Pvt . Ltd . (0.71) (0.71)
Vardhman Vitrif ied Pvt. Ltd. (1.00) (1.00)
Nitco Limit ed Employees Group Gratu ity (352 .38) (352.38) Schemes