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")
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.
Attachments
Original Link
Original Document
Permalink
Disclaimer
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.
Hikal Limited is an India-based company, which is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients and contract research activities. The Pharmaceuticals segment produces active pharmaceutical ingredients. Its facilities are in Jigani, Bangalore and Panoli, Gujrat. The Crop protection segment produces pesticides and herbicides. Its facilities are in Taloja, Mahad, Maharashtra and Panoli, Gujarat. Its human health product categories include anti-convulsant, anti-emetic, anti-histaminic, anti-depressant, anti-psychotic, anti-lipemic, hemorheologic, anti-diabetic, anti-thrombotic, anti-viral, anti-inflammatory, analgesic and anti-parasitic. Its animal health product categories include anti-tick, anti-parasitic, analgesic, anabolic steroids, female sex hormone and NSAID. Its crop protection product categories include algaecide, biocide, fungicide, herbicide, insecticide and intermediate.