Voltas : Related Party Transaction

VOLTAS LIMITED

Disclosure of Related Party Transactions for the half year ended 31st March, 2022

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

Details of the counterparty

Type of related party

Value of the

Value of

In case monies are due to either

In case any financial indebtedness is incurred to make or

Details of the loans, inter-corporate deposits, advances or investments

party (listed

transaction

related party

transaction

party as a result of the

give loans, inter-corporate deposits, advances or

entity/ subsidiary)

transaction as

during the

transaction

investments

entering into the

approved by the

reporting

S. No.

audit committee

period

Name

Name

Relationship of the

Opening

Closing

Nature of indebtedness

Cost

Tenure

Nature (loan/

Interest

Tenure

Secured/

Purpose for which the

(Rs. in Lakhs)

(Rs. in Lakhs)

counterparty with the

balance

balance

(loan/ issuance of debt/

advance/ inter-

Rate (%)

unsecured

funds will be utilised

listed entity or its

(Rs. in Lakhs)

(Rs. in Lakhs)

any other etc.)

corporate deposit/

by the ultimate

subsidiary

investment

recipient of funds (end-

usage)

1

Voltas Limited

Anjali Bansal

Directors

Sitting Fees

As approved by

3.70

Board

2

Voltas Limited

Arunkumar Adhikari

Directors

Sitting Fees

As approved by

4.30

Board

3

Voltas Limited

Bahram N. Vakil

Directors

Sitting Fees

As approved by

3.55

Board

4

Voltas Limited

Debendranath Sarangi

Directors

Sitting Fees

As approved by

4.30

Board

5

Voltas Limited

Hemant Bhargava

Directors

Sitting Fees

As approved by

0.00

Board

6

Voltas Limited

Noel N. Tata

Directors

Sitting Fees

As approved by

3.25

Board

7

Voltas Limited

Saurabh Agrawal

Directors

Sitting Fees

As approved by

2.50

Board

8

Voltas Limited

Vinayak Deshpande

Directors

Sitting Fees

As approved by

2.80

Board

9

Voltas Limited

Zubin Dubash

Directors

Sitting Fees

As approved by

3.80

Board

10

Voltas Limited

Mr. Pradeep Kumar Bakshi

MD & CEO (KMP)

Remuneration Paid / Payable

As approved by

280.69

Nomination &

Remuneration

Committee and

Company Policy

11

Voltas Limited

Mr. Pradeep Kumar Bakshi, Managing Director & CEO

Key Management

Credit Balance Outstanding at

0.00

308.00

Personnel

year end

12

Voltas Limited

Mr. Jitender Pal Verma, CFO (w.e.f. 19.7.2021)

Key Management

Remuneration Paid / Payable

As approved by

114.86

13

Voltas Limited

Mr. V. P. Malhotra, CS

Key Management

Remuneration Paid / Payable

As approved by

59.71

Personnel

Nomination &

Remuneration

Committee and

Company Policy

14

Voltas Limited

Non-Executive Directors

Directors

Commission paid/payable

As approved by

230.00

Nomination &

Remuneration

Committee and

Company Policy

15

Voltas Limited

Non-Executive Directors

Directors

Credit Balance Outstanding at

0.00

230.00

year end

16

Voltas Limited

Air India Limited (w.e.f. 27.01.2022)

Subsidiaries and step

Service Income - Other than

In ordinary

1.88

down Subsidiaries of

Management fees

course of

Promoters

business

17

Voltas Limited

Air India Limited (w.e.f. 27.01.2022)

Subsidiaries and step

Debit Balance Outstanding at

0.00

8.15

down Subsidiaries of

year end

Promoters

18

Voltas Limited

Air India Limited (w.e.f. 27.01.2022)

Subsidiaries and step

Provision for Debts and

0.00

1.47

down Subsidiaries of

Advances at year end

Promoters

19

Voltas Limited

Air India SATS Airport Services Private Ltd. (w.e.f. 27.01.

Joint Ventures of

Debit Balance Outstanding at

0.00

0.21

Promoters and their

year end

Subsidiaries

20

Voltas Limited

Air India SATS Airport Services Private Ltd. (w.e.f. 27.01.

Joint Ventures of

Provision for Debts and

0.00

0.09

Promoters and their

Advances at year end

Subsidiaries

21

Voltas Limited

Ardent Properties Private Limited

Joint Ventures of

Sale of Products

500.00

36.25

Promoters and their

Subsidiaries

22

Voltas Limited

Automotive Stampings and Assemblies Limited

Subsidiaries and step

Service Income - Other than

250.00

0.41

down Subsidiaries of

Management fees

Promoters

1

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

Details of the counterparty

Type of related party

Value of the

Value of

In case monies are due to either

In case any financial indebtedness is incurred to make or

Details of the loans, inter-corporate deposits, advances or investments

party (listed

transaction

related party

transaction

party as a result of the

give loans, inter-corporate deposits, advances or

entity/ subsidiary)

transaction as

during the

transaction

investments

entering into the

approved by the

reporting

S. No.

audit committee

period

Name

Name

Relationship of the

Opening

Closing

Nature of indebtedness

Cost

Tenure

Nature (loan/

Interest

Tenure

Secured/

Purpose for which the

(Rs. in Lakhs)

(Rs. in Lakhs)

counterparty with the

balance

balance

(loan/ issuance of debt/

advance/ inter-

Rate (%)

unsecured

funds will be utilised

listed entity or its

(Rs. in Lakhs)

(Rs. in Lakhs)

any other etc.)

corporate deposit/

by the ultimate

subsidiary

investment

recipient of funds (end-

usage)

23

Voltas Limited

Automotive Stampings and Assemblies Limited

Subsidiaries and step

Debit Balance Outstanding at

0.00

0.91

down Subsidiaries of

year end

Promoters

24

Voltas Limited

Automotive Stampings and Assemblies Limited

Subsidiaries and step

Sale of Products

250

0.77

down Subsidiaries of

Promoters

25

Voltas Limited

Brihat Trading Pvt. Limited

Indian Associates

Debit Balance Outstanding at

3.07

3.07

year end

26

Voltas Limited

C-Edge Technologies Limited

Subsidiaries and step

Debit Balance Outstanding at

1.19

0.09

down Subsidiaries of

year end

Promoters

27

Voltas Limited

C-Edge Technologies Limited

Subsidiaries and step

Provision for Debts and

0.02

0.04

down Subsidiaries of

Advances at year end

Promoters

28

Voltas Limited

Ewart Investments Limited

Subsidiaries and step

Service Income - Other than

500.00

5.75

down Subsidiaries of

Management fees

Promoters

29

Voltas Limited

Ewart Investments Limited

Subsidiaries and step

Debit Balance Outstanding at

0.03

1.18

down Subsidiaries of

year end

Promoters

30

Voltas Limited

Ewart Investments Limited

Subsidiaries and step

Provision for Debts and

0.00

0.08

down Subsidiaries of

Advances at year end

Promoters

31

Voltas Limited

Ewart Investments Limited

Subsidiaries and step

Construction contract revenue

500.00

2.26

down Subsidiaries of

(Includes billed and unbilled

Promoters

revenue)

32

Voltas Limited

Gurgaon Realtech Limited

Subsidiaries and step

Debit Balance Outstanding at

57.75

0.62

down Subsidiaries of

year end

Promoters

33

Voltas Limited

Gurgaon Realtech Limited

Subsidiaries and step

Provision for Debts and

0.00

0.62

down Subsidiaries of

Advances at year end

Promoters

34

Voltas Limited

Infiniti Retail Limited

Subsidiaries and step

Service Income - Other than

1000.00

52.70

down Subsidiaries of

Management fees

Promoters

35

Voltas Limited

Infiniti Retail Limited

Subsidiaries and step

Purchase of property, plant and

500.00

0.88

down Subsidiaries of

equipment

Promoters

36

Voltas Limited

Infiniti Retail Limited

Subsidiaries and step

Debit Balance Outstanding at

196.94

2031.05

down Subsidiaries of

year end

Promoters

37

Voltas Limited

Infiniti Retail Limited

Subsidiaries and step

Provision for Debts and

4.55

5.66

down Subsidiaries of

Advances at year end

Promoters

38

Voltas Limited

Infiniti Retail Limited

Subsidiaries and step

Sale of Products

5000.00

3704.89

down Subsidiaries of

Promoters

39

Voltas Limited

Infiniti Retail Limited

Subsidiaries and step

Credit Balance Outstanding at

0.07

0.00

down Subsidiaries of

year end

Promoters

40

Voltas Limited

Infiniti Retail Limited

Subsidiaries and step

Consulting Charges paid

1000.00

88.48

down Subsidiaries of

Promoters

2

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

Details of the counterparty

Type of related party

Value of the

Value of

In case monies are due to either

In case any financial indebtedness is incurred to make or

Details of the loans, inter-corporate deposits, advances or investments

party (listed

transaction

related party

transaction

party as a result of the

give loans, inter-corporate deposits, advances or

entity/ subsidiary)

transaction as

during the

transaction

investments

entering into the

approved by the

reporting

S. No.

audit committee

period

Name

Name

Relationship of the

Opening

Closing

Nature of indebtedness

Cost

Tenure

Nature (loan/

Interest

Tenure

Secured/

Purpose for which the

(Rs. in Lakhs)

(Rs. in Lakhs)

counterparty with the

balance

balance

(loan/ issuance of debt/

advance/ inter-

Rate (%)

unsecured

funds will be utilised

listed entity or its

(Rs. in Lakhs)

(Rs. in Lakhs)

any other etc.)

corporate deposit/

by the ultimate

subsidiary

investment

recipient of funds (end-

usage)

41

Voltas Limited

Innovative Retail Concepts Private Limited

Subsidiaries and step

Service Income - Other than

250.00

11.27

down Subsidiaries of

Management fees

Promoters

42

Voltas Limited

Innovative Retail Concepts Private Limited

Subsidiaries and step

Debit Balance Outstanding at

0.00

64.75

down Subsidiaries of

year end

Promoters

43

Voltas Limited

Innovative Retail Concepts Private Limited

Subsidiaries and step

Sale of Products

250.00

62.90

down Subsidiaries of

Promoters

44

Voltas Limited

Innovative Retail Concepts Private Limited

Subsidiaries and step

Billing in excess of Contract

3.90

down Subsidiaries of

Revenue

Promoters

45

Voltas Limited

Lalbuksh Voltas Engineering Services and Trading L.L.C.,

Foreign Subsidiaries

Other Expenses-

300.00

2.12

Received/Receivable

46

Voltas Limited

Lalbuksh Voltas Engineering Services and Trading L.L.C.,

Foreign Subsidiaries

Service Income - Other than

150.00

14.92

Management fees

47

Voltas Limited

Lalbuksh Voltas Engineering Services and Trading L.L.C.,

Foreign Subsidiaries

Business support services /

150.00

4.89

Deputation

48

Voltas Limited

Lalbuksh Voltas Engineering Services and Trading L.L.C.,

Foreign Subsidiaries

Dividend Income

500.00

78.32

49

Voltas Limited

Lalbuksh Voltas Engineering Services and Trading L.L.C.,

Foreign Subsidiaries

Debit Balance Outstanding at

19.25

109.24

year end

50

Voltas Limited

Lalbuksh Voltas Engineering Services and Trading L.L.C.,

Foreign Subsidiaries

Guarantees Outstanding at year

2880.24

988.89

end

51

Voltas Limited

MahaOnline Limited

Subsidiaries and step

Service Income - Other than

500.00

1.73

down Subsidiaries of

Management fees

Promoters

52

Voltas Limited

MahaOnline Limited

Subsidiaries and step

Debit Balance Outstanding at

0.03

2.07

down Subsidiaries of

year end

Promoters

53

Voltas Limited

MahaOnline Limited

Subsidiaries and step

Provision for Debts and

0.00

0.00

down Subsidiaries of

Advances at year end

Promoters

54

Voltas Limited

Naba Diganta Water Management Limited

Indian Associates

Dividend Income

125.00

77.53

55

Voltas Limited

Olayan Voltas Contracting Company Limited

Foreign Joint

Debit Balance Outstanding at

0.29

0.29

Ventures

year end

56

Voltas Limited

Olayan Voltas Contracting Company Limited

Foreign Joint

Provision for Debts and

0.23

0.39

Ventures

Advances at year end

57

Voltas Limited

Olayan Voltas Contracting Company Limited

Foreign Joint

Guarantees Outstanding at year

7383.75

7575.00

Ventures

end

58

Voltas Limited

Olayan Voltas Contracting Company Limited

Foreign Joint

Impairment in value of

0.00

2024.16

Ventures

Investments at year end

59

Voltas Limited

Olayan Voltas Contracting Company Limited

Foreign Joint

Outstanding Share Application

1313.46

Ventures

Money at year end

60

Voltas Limited

Saudi Ensas Company for Engineering Services W.L.L.

Foreign Subsidiaries

Other Expenses-

200.00

2.95

Received/Receivable

61

Voltas Limited

Saudi Ensas Company for Engineering Services W.L.L.

Foreign Subsidiaries

Service Income - Other than

100.00

-0.88

Management fees

62

Voltas Limited

Saudi Ensas Company for Engineering Services W.L.L.

Foreign Subsidiaries

Business support services /

100.00

3.37

Deputation

63

Voltas Limited

Saudi Ensas Company for Engineering Services W.L.L.

Foreign Subsidiaries

Debit Balance Outstanding at

2.99

123.34

year end

64

Voltas Limited

Saudi Ensas Company for Engineering Services W.L.L.

Foreign Subsidiaries

Guarantees Outstanding at year

1969.00

2020.00

end

65

Voltas Limited

Saudi Ensas Company for Engineering Services W.L.L.

Foreign Subsidiaries

Impairment in value of

2761.95

2761.95

Investments at year end

66

Voltas Limited

Supermarket Grocery Supplies Private Limited

Subsidiaries and step

Service Income - Other than

250.00

0.70

down Subsidiaries of

Management fees

Promoters

67

Voltas Limited

Supermarket Grocery Supplies Private Limited

Subsidiaries and step

Debit Balance Outstanding at

0.00

0.90

down Subsidiaries of

year end

Promoters

3

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

Details of the counterparty

Type of related party

Value of the

Value of

In case monies are due to either

In case any financial indebtedness is incurred to make or

Details of the loans, inter-corporate deposits, advances or investments

party (listed

transaction

related party

transaction

party as a result of the

give loans, inter-corporate deposits, advances or

entity/ subsidiary)

transaction as

during the

transaction

investments

entering into the

approved by the

reporting

S. No.

audit committee

period

Name

Name

Relationship of the

Opening

Closing

Nature of indebtedness

Cost

Tenure

Nature (loan/

Interest

Tenure

Secured/

Purpose for which the

(Rs. in Lakhs)

(Rs. in Lakhs)

counterparty with the

balance

balance

(loan/ issuance of debt/

advance/ inter-

Rate (%)

unsecured

funds will be utilised

listed entity or its

(Rs. in Lakhs)

(Rs. in Lakhs)

any other etc.)

corporate deposit/

by the ultimate

subsidiary

investment

recipient of funds (end-

usage)

68

Voltas Limited

Supermarket Grocery Supplies Private Limited

Subsidiaries and step

Sale of Products

250.00

7.78

down Subsidiaries of

Promoters

69

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Service Income - Other than

500.00

20.05

down Subsidiaries of

Management fees

Promoters

70

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Sale of Products

500.00

18.39

down Subsidiaries of

Promoters

71

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Billing in excess of Contract

1.92

down Subsidiaries of

Revenue

Promoters

72

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Credit Balance Outstanding at

0.00

0.00

down Subsidiaries of

year end

Promoters

73

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Credit Balance Outstanding at

0.00

0.00

down Subsidiaries of

year end

Promoters

74

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Debit Balance Outstanding at

5.02

3.07

down Subsidiaries of

year end

Promoters

75

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Debit Balance Outstanding at

12.57

1.28

down Subsidiaries of

year end

Promoters

76

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Provision for Debts and

2.93

3.12

down Subsidiaries of

Advances at year end

Promoters

77

Voltas Limited

Tata Advanced Systems Limited

Subsidiaries and step

Provision for Debts and

5.39

0.43

down Subsidiaries of

Advances at year end

Promoters

78

Voltas Limited

TATA Africa Holdings (Kenya) Limited

Subsidiaries and step

Credit Balance Outstanding at

1.97

1.97

down Subsidiaries of

year end

Promoters

79

Voltas Limited

Tata AIA Life Insurance Company Limited

Joint Ventures of

Other Expenses-

50.00

1.34

Promoters and their

Received/Receivable

Subsidiaries

80

Voltas Limited

Tata AIA Life Insurance Company Limited

Joint Ventures of

Rental Income

450.00

13.02

Promoters and their

Subsidiaries

81

Voltas Limited

Tata AIA Life Insurance Company Limited

Joint Ventures of

Provision for Debts and

0.08

0.01

Promoters and their

Advances at year end

Subsidiaries

82

Voltas Limited

Tata AIA Life Insurance Company Limited

Joint Ventures of

Credit Balance Outstanding at

0.00

0.40

Promoters and their

year end

Subsidiaries

83

Voltas Limited

Tata AIA Life Insurance Company Limited

Joint Ventures of

Advance Outstanding at year

5.72

0.41

Promoters and their

end

Subsidiaries

84

Voltas Limited

Tata AIA Life Insurance Company Limited

Joint Ventures of

Security deposit at the end of

25.45

12.72

Promoters and their

the year

Subsidiaries

85

Voltas Limited

Tata AIG General Insurance Company Limited

Subsidiaries and step

Other Expenses- Paid/Payable

100.00

0.14

down Subsidiaries of

Promoters

86

Voltas Limited

Tata AIG General Insurance Company Limited

Subsidiaries and step

Other Expenses-

10.00

0.18

down Subsidiaries of

Received/Receivable

Promoters

4