HIKAL LTD

Regd. Office: 717/718, 7th Floor, Maker Chamber V, Nariman Point, Mumbai - 400 021.

Phone: +91-22-3926 7100; Fax: +91-22-2283 3913

CIN: L24200MH1988PTC048028; E Mail: info@hikal.com; Website: www.hikal.com

Disclosure of Related Party Transaction pursuant to Regulation 23(9) of SEBI ( Listing Obligations and Disclosure Requirements Regulations) 2015 for the

half-year ended Septemebr 30, 2021

Related Parties and nature of relationships

i) Subsidiaries

Name of the related party

Relationship

Country of incorporation

Ownership interest

30 September 2021

31 March 2021

Acoris Research Limited ("ARL")

Subsidiary

India

100%

100%

Hikal LLC

Subsidiary

USA

100%

100%

ii) Other related parties

Relationship

Name of Related Party

a) Company/ enterprises exercising

Kalyani Investment Company Limited ("KICL")

significant influence through voting power

('significant shareholder')

b) Key Management Personnel (KMP)

Jai Hiremath

(Chairman and Managing Director)

Sameer Hiremath

(Joint Managing Director and CEO)

Kuldeep Jain (CFO)

Rajasekhar Reddy (Company Secretary)

c) Enterprises owned or controlled

Decent Electronics Pvt Ltd ("DEPL")

or significantly influenced by key

management personnel or their

Karad Engineering Consultancy Pvt Ltd ("KECPL")

relatives

Ekadant Investments Pvt Ltd ("EIPL")

Shri Rameswara Investment Pvt Ltd ("SRIPL")

Shri Badrinath Investment Pvt Ltd ("SBIPL")

Rushabh Capital Services Private Limited ( "RCSPL")

d) Relatives of Key Management

Anish Swadi

Personnel

e) Non-executive directors

Baba Kalyani

Amit Kalyani

Sugandha Hiremath

Kannan K. Unni

Prakash Mehta

Ranjit Shahani

Shivani Bhasin Sachdeva

Ravindra Kumar Goyal

HIKAL LTD

Regd. Office: 717/718, 7th Floor, Maker Chamber V, Nariman Point, Mumbai - 400 021.

Phone: +91-22-3926 7100; Fax: +91-22-2283 3913

CIN: L24200MH1988PTC048028; E Mail: info@hikal.com; Website: www.hikal.com

Disclosure of Related Party Transaction pursuant to Regulation 23(9) of SEBI ( Listing Obligations and Disclosure Requirements

Regulations) 2015 for the half-year ended Septemebr 30, 2021

"Amount in INR Lacs"

Particulars

Transactions

Balance as on

Balances outstanding

Period Ended 30-Sep-2021

30-Sep-21

31 March 2021

31 March 2020

A) Remuneration

Jai Hiremath

301.14

-

-

-

Sameer Hiremath

165.92

-

-

-

Kuldeep Jain

46.93

-

-

-

Anish Swadi

90.00

-

-

-

Rajasekhar Reddy

37.50

-

-

-

B) Sitting fees

Sugandha Hiremath

5.00

-

-

-

Baba Kalyani

3.00

-

-

-

Amit Kalyani

2.00

-

-

-

Kannan K. Unni

6.00

-

-

-

Prakash Mehta

7.00

-

-

-

Ranjit Shahani

3.00

-

-

-

Shivani Bhasin Sachdeva

3.00

-

-

-

Ravindra Kumar Goyal

5.00

-

-

-

C) Dividend paid

SBIPL

199.15

-

-

-

SRIPL

98.10

-

-

-

DEPL

0.50

-

-

-

EIPL

3.94

-

-

-

KECPL

0.64

-

-

-

KICL

386.67

-

-

-

Jai Hiremath

13.41

-

-

-

Sameer Hiremath

3.91

-

-

-

Sugandha Hiremath

96.68

-

-

-

Kuldeep Jain

0.00

-

-

-

Rajasekhar Reddy

0.00

-

-

-

Anish Swadi

0.07

-

-

-

Baba Kalyani

0.20

-

-

-

Kannan K. Unni

0.18

-

-

-

Prakash Mehta

0.14

-

-

-

D) Lease rent paid

Jai Hiremath

1.50

-

-

-

Sugandha Hiremath

12.00

-

-

-

Rushabh Capital Services

5.40

-

-

-

Private Limited

E) Loans and advances/Investment

Hikal LLC

11.20

11.20

-

-

F) Security Deposit

RCSPL

-

11.00

11.00

11.00

Sugandha Hiremath

-

500.00

500.00

500.00

Jai Hiremath

-

200.00

200.00

200.00

All related party transactions entered during the year were in ordinary course of business and are on arms length basis. Outstanding balances at year end are unsecured and interest free and settlement occures in cash.

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Hikal Limited published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 15:49:06 UTC.