MACROTECH DEVELOPERS LIMITED Macrotech Developers Limited
Disclosure of Related Party Transaction for the half year ended 31.03.2022
(Amount in crores unless stated otherwise) | ||||||||||||||||
Sr. No. | Details of the party (listed entity | Details of the counterparty | Type of related party transacon | Value of the | Transactions | In case monies are | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to | |||||||||
/subsidiary) entering into the | related | from October | due to either party | loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These | ||||||||||||
transaction | party | 2021 to March | as a result of the | details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||
transaction | 2022 | transaction | ||||||||||||||
as approved | ||||||||||||||||
by the audit | In case any financial | Details of the loans, inter-corporate deposits, advances or investments | ||||||||||||||
committee | indebtedness is incurred to | |||||||||||||||
make or give loans, inter- | ||||||||||||||||
corporate deposits, advances | ||||||||||||||||
or investments | ||||||||||||||||
Name | Name | Relationship of the counterparty with | Opening | Closing | Nature of | Cost | Tenure | Nature (loan/ | Interest | Tenure | Secured/ | Purpose for which the | ||||
the listed | balance | balance | indebtedness | advance/ inter | Rate (%) | unsecured | funds will be utilised by | |||||||||
entity or its subsidiary | (loan/ issuance | corporate | the ultimate recipient of | |||||||||||||
of debt/ any | deposit/ | funds (end usage) | ||||||||||||||
other etc.) | investment | |||||||||||||||
1 | Macrotech Developers Limited | Abhishek Lodha | Person having Control | Remuneration paid | N.A. | 2.40 | ||||||||||
2 | Macrotech Developers Limited | Abhishek Lodha | Person having Control | Guarantee/ Security Taken | 4000 | 3,535.01 | 11,485.54 | 8,233.34 | ||||||||
3 | Macrotech Developers Limited | Altamount Road Property Pvt Ltd. | Joint Venture | Interest Income | 2.00 | 1.50 | ||||||||||
4 | Macrotech Developers Limited | Altamount Road Property Pvt Ltd. | Joint Venture | Rent income | 1.30 | 1.30 | ||||||||||
5 | Macrotech Developers Limited | Ashwani Kumar | KMP | Commission and Sitting Fees | N.A. | 0.42 | - | 0.36 | ||||||||
6 | Macrotech Developers Limited | Govind Agarwal | Director of Holding Company | Remuneration paid | N.A. | 0.28 | ||||||||||
7 | Macrotech Developers Limited | Lee Anthony Polisano | KMP | Commission and Sitting Fees | N.A. | 0.41 | 0.28 | |||||||||
8 | Macrotech Developers Limited | Lodha Developers UK Ltd. | Joint Venture | Loan/ Advances Given -Net | 800 | 251.91 | 459.40 | 686.82 | NA | NA | NA | Loan | 8.25% | 6 years | Unsecured | Business purpose |
9 | Macrotech Developers Limited | Mangal Prabhat Lodha | Close family member of person having | Remuneration paid | N.A. | |||||||||||
control | 2.25 | |||||||||||||||
10 | Macrotech Developers Limited | Manjula Lodha | Close family member of person having | Remuneration paid | N.A. | |||||||||||
control | 0.24 | |||||||||||||||
11 | Macrotech Developers Limited | Manoj Vaishya | Director of Holding Company | Remuneration paid | N.A. | 0.29 | ||||||||||
12 | Macrotech Developers Limited | Mukund Chitale | KMP | Commission and Sitting Fees | N.A. | 0.45 | - | 0.36 | ||||||||
13 | Macrotech Developers Limited | National Standard (India) Ltd. | Subsidiary | Salary and Wages Recovered | 0.10 | 0.07 | ||||||||||
14 | Macrotech Developers Limited | National Standard (India) Ltd. | Subsidiary | Interest expense | 4.10 | 4.10 | ||||||||||
15 | Macrotech Developers Limited | National Standard (India) Ltd. | Subsidiary | Loan/ Advances Taken -Net | 200 | 3.47 | 154.45 | 157.92 | ||||||||
16 | Macrotech Developers Limited | Palava Induslogic 2 Pvt. Ltd. | Joint Venture | Sale of Land | 350 | 31.03 | ||||||||||
17 | Macrotech Developers Limited | Palava Induslogic 2 Pvt. Ltd. | Joint Venture | Loan/ Advances Given -Net | 4.72 | 4.72 | - | 4.77 | NA | NA | NA | Loan | Nil | 1 year | Unsecured | Business purpose |
18 | Macrotech Developers Limited | Palava Induslogic 3 Pvt. Ltd. | Joint Venture | Sale of Land | 103.52 | 103.52 | 40.29 | |||||||||
19 | Macrotech Developers Limited | Palava Induslogic 3 Pvt. Ltd. | Joint Venture | Loan/ Advances Given -Net | 63.17 | 63.17 | - | 63.23 | NA | NA | NA | Loan | Nil | 1 year | Unsecured | Business purpose |
20 | Macrotech Developers Limited | Palava Induslogic 3 Pvt. Ltd. | Joint Venture | Investments | 5.00 | 5.00 | - | 5.00 | NA | NA | NA | Investment | NA | NA | Unsecured | Business purpose |
21 | Macrotech Developers Limited | Rajendra Lodha | KMP | Reversal of Income from Property Development | 10.75 | 10.75 | ||||||||||
22 | Macrotech Developers Limited | Rajinder Pal Singh | KMP | Remuneration paid | N.A. | 0.15 | ||||||||||
23 | Macrotech Developers Limited | Raunika Malhotra | KMP | Remuneration paid | N.A. | 5.17 | 2.10 | |||||||||
24 | Macrotech Developers Limited | Roselabs Finance Ltd. | Subsidiary | Salary and Wages Recovered | 0.10 | 0.03 | ||||||||||
25 | Macrotech Developers Limited | Roselabs Finance Ltd. | Subsidiary | Loan/ Advances Given -Net | 0.30 | 0.30 | 4.63 | 4.93 | NA | NA | NA | Loan | Nil | 1.5 year | Unsecured | Business purpose |
26 | Macrotech Developers Limited | Roselabs Finance Ltd. | Subsidiary | Other Current Assets | N.A. | 0.15 | ||||||||||
27 | Macrotech Developers Limited | Roselabs Finance Ltd. | Subsidiary | Other Financial Assets | N.A. | 0.01 | 0.01 | |||||||||
28 | Macrotech Developers Limited | Sahil Lodha | Close family member of person having | Income from Property Development | 12.72 | |||||||||||
control | 12.72 | |||||||||||||||
29 | Macrotech Developers Limited | Sambhavnath Infrabuild and Farms Pvt Ltd | Holding Company | Guarantee taken | N.A. | |||||||||||
- | 2,233.43 | 1,277.03 | ||||||||||||||
30 | Macrotech Developers Limited | Sanathnagar Enterprises Ltd. | Subsidiary | Salary and Wages Recovered | 0.10 | 0.04 | ||||||||||
31 | Macrotech Developers Limited | Sanathnagar Enterprises Ltd. | Subsidiary | Loan/ Advances Given -Net | 0.35 | 0.35 | 16.28 | 16.64 | NA | NA | NA | Loan | Nil | 1.5 year | Unsecured | Business purpose |
32 | Macrotech Developers Limited | Sanathnagar Enterprises Ltd. | Subsidiary | Other Current Assets | N.A. | 0.10 | ||||||||||
33 | Macrotech Developers Limited | Sanathnagar Enterprises Ltd. | Subsidiary | Other Financial Assets | N.A. | 0.01 | 0.01 | |||||||||
34 | Macrotech Developers Limited | Simtools Pvt. Ltd. | Subsidiary | Loan/ Advances Given -Net | 5.00 | 0.77 | 22.50 | 23.27 | NA | NA | NA | Loan | Nil | 1 year | Unsecured | Business purpose |
35 | Macrotech Developers Limited | Sitaben Shah Memorial Trust | Others | Trade Receivables | N.A. | 13.43 | 5.93 | |||||||||
36 | Macrotech Developers Limited | Sitaben Shah Memorial Trust | Others | Donation/ Corporate Social Responsibility Expenses | 15.00 | 1.50 | ||||||||||
37 | Macrotech Developers Limited | Sushil Kumar Modi | KMP | Remuneration paid | N.A. | 4.73 | 0.98 | - |
by the audit | In case any financial | Details of the loans, inter-corporate deposits, advances or investments | ||||||||||||||
committee | indebtedness is incurred to | |||||||||||||||
make or give loans, inter- | ||||||||||||||||
corporate deposits, advances | ||||||||||||||||
or investments | ||||||||||||||||
Name | Name | Relationship of the counterparty with | Opening | Closing | Nature of | Cost | Tenure | Nature (loan/ | Interest | Tenure | Secured/ | Purpose for which the | ||||
the listed | balance | balance | indebtedness | advance/ inter | Rate (%) | unsecured | funds will be utilised by | |||||||||
entity or its subsidiary | (loan/ issuance | corporate | the ultimate recipient of | |||||||||||||
of debt/ any | deposit/ | funds (end usage) | ||||||||||||||
other etc.) | investment | |||||||||||||||
38 | Macrotech Developers Limited | Vinti Lodha | Close family member of person having | Remuneration paid | N.A. | 0.47 | ||||||||||
control | ||||||||||||||||
Note:
- Opening and closing balance are not given where there was no transaction of Investment / Guarantees during the half year ended March 31, 2022.
- Loans given and returned within the reporting period are not included.
- Refund of loan taken/given are not considered
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Disclaimer
Macrotech Developers Ltd. published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 08:32:07 UTC.
