Shriram Pistons & Rings : Related Party Transaction

November 14, 2022

Listing Department

National Stock Exchange of India Ltd.

Exchange Plaza,

Bandra Kurla Complex, Bandra (East)

Mumbai - 400051

ISIN No. INE526E01018

Company Symbol: SHRIPISTON

Sir

Subject: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India {Listing Obligations and Disclosures Requirements), 2015 ("Listing Regulations")

In compliance with Regulation 23(9) of the Listing Regulations, please find attached the Related Party Transactions for Half year ended September 30, 2022, drawn in accordance with the applicable accounting standards.

Please acknowledge receipt of the above.

Thanking You,

Yours faithfully,

(PANKAJ GUPTA) Company Secretary

Encl.: As above

Annex

Format for disclosure of related party transactions every six months (see Note 4)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.

Details of the party (listed entity

/subsidiary) entering into the transaction

S. No

NamePAN

• Shriram Pistons & Rings Ltd.
  2 Shriram Pistons & Rings Ltd.
  3 Shriram Pistons & Rings Ltd.
  4 Shriram Pistons & Rings Ltd.
  5 Shriram Pistons & Rings Ltd.
  6 Shriram Pistons & Rings Ltd.
  7 Shriram Pistons & Rings Ltd.
  8 Shriram Pistons & Rings Ltd.
  9 Shriram Pistons & Rings Ltd.

10	Shriram Pistons & Rings Ltd.
11	Shriram Pistons & Rings Ltd.
12	Shriram Pistons & Rings Ltd.
13	Shriram Pistons & Rings Ltd.
14	Shriram Pistons & Rings Ltd.
15	Shriram Pistons & Rings Ltd.
16	Shriram Pistons & Rings Ltd.
17	Shriram Pistons & Rings Ltd.
18	Shriram Pistons & Rings Ltd.
19	Shriram Pistons & Rings Ltd.
20	Shriram Pistons & Rings Ltd.
21	Shriram Pistons & Rings Ltd.

Details of the counterparty

NamePAN

Pradeep Dinodia

Hari S. Bhartia

Inderdeep Singh

Meenakshi Dass

Yukio Tanemura

Shinichi Unno

Sascha Putz

Ferida Chopra

Alok Ranjan

A.K Taneja

Krishnakumar Srinivasan

Luv D. Shriram

Krishnakumar Srinivasan

Sumati Krishnakumar

Manisha Commercial Pvt. Ltd

Pradeep Dinodia HUF

Deepak C. Shriram & Sons HUF

Luv D. Shriram

Kush D. Shriram

Nandishi Shriram

Arati Shriram

		Value of the	Value of	In case monies are due	In case any financial indebtedness is incurred to
		related party	transaction	to either party as a result	make or give loans, inter-corporate deposits,
		transaction as	during the	of the transaction	advances or investments	Details of the loans, inter-corporate deposits, advances or investments
	Type of related	approved by	reporting period	(see Note 1)
	the audit	(see Note 6b)
	party
Relationship of the	committee				Nature of	Cost	Nature (loan/				Purpose for which the
transaction
counterparty with the	(see Note 6a)				indebtedness (loan/	(see Note 7 )	advance/ inter-				funds will be utilised
(see Note 5 )
listed entity or its			Opening	Closing	issuance of debt/ any		corporate deposit/	Interest		Secured/	by the ultimate
			Tenure	Tenure
subsidiary				balance	balance	other etc.)	investment	Rate (%)	unsecured	recipient of funds
												(end-
												usage)
Chairman	Commission	-	-	19.82	-
Director	Commission	-	-	0.52	-
Director	Commission	-	-	1.66	-
Director/ Promoter	Commission	-	-	1.66	-
Director	Commission	-	-	1.66	-
Director	Commission	-	-	1.55	-
Director	Commission	-	-	1.55	-
Director	Commission	-	-	1.66	-
Director	Commission	-	-	1.66	-
Director	Remuneration	-	-	16.92	-
Director	Remuneration	16.62	16.62	16.92	21.16
Director/ Promoter	Remuneration	11.24	11.24	14.38	18.67
Director	Rent	0.72	0.72	-	-
Relative of Director	Rent	0.48	0.48	-	-
Significant influence over	Rent	0.60	-	-	-
entity
Significant influence over	Rent	1.24	-	-	-
entity
Significant influence over	Rent	0.24	-	-	-
entity
Director/ Promoter	Interest on	1.39	1.39	4.13	3.03
Deposits
Relative of Director	Interest on	0.38	0.38	-	-
Deposits
Relative of Director	Interest on	0.35	0.35	-	-
Deposits
Relative of Director	Interest on	0.88	0.88	2.19	3.08
Deposits

22	Shriram Pistons & Rings Ltd.
23	Shriram Pistons & Rings Ltd.
24	Shriram Pistons & Rings Ltd.
25	Shriram Pistons & Rings Ltd.
26	Shriram Pistons & Rings Ltd.
27	Shriram Pistons & Rings Ltd.
28	Shriram Pistons & Rings Ltd.
29	Shriram Pistons & Rings Ltd.
30	Shriram Pistons & Rings Ltd.
31	Shriram Pistons & Rings Ltd.
32	Shriram Pistons & Rings Ltd.
33	Shriram Pistons & Rings Ltd.
34	Shriram Pistons & Rings Ltd.
35	Shriram Pistons & Rings Ltd.
36	Shriram Pistons & Rings Ltd.
37	Shriram Pistons & Rings Ltd.
38	Shriram Pistons & Rings Ltd.
39	Shriram Pistons & Rings Ltd.
40	Shriram Pistons & Rings Ltd.
41	Shriram Pistons & Rings Ltd.
42	Shriram Pistons & Rings Ltd.
43	Shriram Pistons & Rings Ltd.
44	Shriram Pistons & Rings Ltd.
45	Shriram Pistons & Rings Ltd.
46	Shriram Pistons & Rings Ltd.
47	Shriram Pistons & Rings Ltd.
48	Shriram Pistons & Rings Ltd.
49	Shriram Pistons & Rings Ltd.
50	Shriram Pistons & Rings Ltd.
51	Shriram Pistons & Rings Ltd.

Luv Arati and Associates (AOP)

MASAAKI YAMAGUCHI

HARI SHANKER BHARTIA

Pradeep Dinodia

Sascha Putz

Shinichi Unno

Inderdeep Singh

Meenakshi Dass

Ferida Chopra

Alok Ranjan

Yukio Tanemura

Meenakshi Dass

Luv D. Shriram

Kush D. Shriram

Nandishi Shriram

Sera Com Pvt. Ltd.

Sarva Commercial Pvt. Ltd.

Shabnam Commercial Pvt. Ltd.

Manisha Commercial Pvt. Ltd

Deepak Shriram Family Benefit Trust

Nandishi Shriram

Arati Shriram

Luv Arati and Associates (AOP)

Luv D. Shriram

Luv D. Shriram

Kush D. Shriram

Arati Shriram

Nandishi Shriram

Luv Arati and Associates (AOP)

Shriram Veritech Solutions Pvt. Ltd.

Significant influence over	Interest on
entity	Deposits
Director	Sitting Fees
Director	Sitting Fees
Chairman	Sitting Fees
Director	Sitting Fees
Director	Sitting Fees
Director	Sitting Fees
Director/ Promoter	Sitting Fees
Director	Sitting Fees
Director	Sitting Fees
Director	Sitting Fees
Director/ Promoter	Dividend
Director/ Promoter	Dividend
Relative of Director	Dividend
Relative of Director	Dividend
Significant influence over	Dividend
entity
Significant influence over	Dividend
entity
Significant influence over	Dividend
entity
Significant influence over	Dividend
entity
Significant influence over	Dividend
entity
Relative of Director	Deposit taken
Relative of Director	Deposit taken
Significant influence over	Deposit taken
entity
Director/ Promoter	Deposit paid
Director/ Promoter	Deposit
Relative of Director	Deposit
Relative of Director	Deposit
Relative of Director	Deposit
Significant influence over	Deposit
entity
Significant influence over	Purchase of
entity	material / stores

0.22	0.22	0.38	0.59
0.10	0.10	-	-
0.10	0.10	-	-
1.20	1.20	-	-
0.30	0.30	-	-
0.30	0.30	-	-
1.20	1.20	0.18	-
0.60	0.60	-	-
1.00	1.00	-	-
1.10	1.10	-	-
0.10	0.10	-	-
3.34	3.34	-	-
0.02	0.02	-	-
0.00	0.00	-	-
0.003	0.00	-	-
3.80	3.80	-	-
4.27	4.27	-	-
0.41	0.41	-	-
2.67	2.67	-	-
26.67	26.67	-	-
-	-	7.50	7.50
-	-	17.28	17.28
-	-	4.50	4.50
12.65	12.65	-	-
-	-	28.46	15.81
-	-	8.00	8.00
-	-	17.28	17.28
-	-	7.50	7.50
-	-	4.50	4.50
7.34	7.34	-	0.04

52	Shriram Pistons & Rings Ltd.	S.R. Dinodia & Co. LLP	Significant influence over	Legal Fees	0.60	0.60	-	-
entity
		Shriram Pistons & Rings Ltd Gratuity	Post-employment		30.00	30.00	16.22	-23.31
53		defined benefit plan	Contribution paid
	Fund Trust
	Shriram Pistons & Rings Ltd.	entity
54		Shriram Pistons & Rings Ltd	Post-employment	Contribution paid	1.96	1.96	10.55	10.74
Shriram Pistons & Rings Ltd.	Superannuation Fund Trust	defined benefit plan entity
55		Shriram Pistons & Rings Ltd. Officers'	Post-employment	Contribution paid	20.58	20.58	3.93	4.04
Shriram Pistons & Rings Ltd.	Provident Fund Trust	defined benefit plan entity
	Total (of Note 6b)					152.59

Notes:

1. The details in this format are required to be provided for all transactions undertaken during the reporting period. However, opening and closing balances, including commitments, to be disclosed for existing related party transactions even if there is no new related party transaction during the reporting period.
2. Where a transaction is undertaken between members of the consolidated entity (between the listed entity and its subsidiary or between subsidiaries), it may be reported once.
3. Listed banks shall not be required to provide the disclosures with respect to related party transactions involving loans, inter-corporate deposits, advances or investments made or given by the listed banks.
4. For companies with Half year ending September 30, this information has to be provided for six months ended September 30 and six months ended Mar 31 . Companies with financial years ending in other months, the six months period shall apply accordingly.
5. Each type of related party transaction (for e.g. sale of goods/services, purchase of goods/services or whether it involves a loan, inter-corporate deposit, advance or investment) with a single party shall be disclosed separately and there should be no clubbing or netting of transactions of same type. However, transactions with the same counterparty of the same type may be aggregated for the reporting period. For instance, sale transactions with the same party may be aggregated for the reporting period and purchase transactions may also be disclosed in a similar manner. There should be no netting off for sale and purchase transactions. Similarly, loans advanced to and received from the same counterparty should be disclosed separately, without any netting off.
6. In case of a multi-year related party transaction:

1. The aggregate value of such related party transaction as approved by the audit committee shall be disclosed in the column "Value of the related party transaction as approved by the audit committee".
2. The value of the related party transaction undertaken in the reporting period shall be reported in the column "Value of related party transaction during the reporting period".

1. "Cost" refers to the cost of borrowed funds for the listed entity.
2. PAN will not be displayed on the website of the Stock Exchange(s).
3. Transactions such as acceptance of fixed deposits by banks/NBFCs, undertaken with related parties, at the terms uniformly applicable /offered to all shareholders/ public shall also be reported.