Page 153 - FBL AR 2019-20

CORPORATE STATUTORY FINANCIAL
OVERVIEW STATEMENTS STATEMENTS

Notes to the Standalone financial statements for the year ended March 31, 2020

40 Related parties disclosures as per Ind AS 24 (contd.)
( H in Lakhs )
March 31, 2020 March 31, 2019
g. Other financial liabilities
Key management personnel
Mr. Krishna Datla 130.00 117.34
Mr. Satish Varma 78.00 606.62
Ms. Anupama Datla Desai 40.00 530.79
Mr.Prashant Nagre 50.05 159.61
Mr. Srikant N Sharma - 10.98
Dr. Gopakumar Nair 10.01 14.67
Ms. Rajeshwari Datla 10.01 -
Mr. Vinayak Hajare 10.01 -
Mr.Sanjay Buch 10.01 14.67
h. Loans to employees (including interest)
Key management personnel
Mr.Prashant Nagre 27.52 26.15
Mr. Srikant N Sharma - 1.60
i. Inter corporate deposits
Associate
Health and Wellness India Private Limited 37.00 37.00
j. Loans repayable on demand
Holding company
DVK Investments Private Limited - 250.00
k. Other financial liabilities (Interest accrued but not due)
Holding company
DVK Investments Private Limited - 38.79
41 Commitments and Contingent liabilities
( H in Lakhs )
March 31, 2020 March 31, 2019
(i) Commitments:
(a) Estimated amount of contracts remaining to be executed on capital account and not 1,852.15 2,097.98
provided for (net of advances)
(b) Lease commitments 362.08 452.83
(ii) Contingent liabilities:
Claims against the company not acknowledged as debts
(a) Tax matters
Service tax department raised demand of H22.50 Lakhs consisting of Service Tax of H7.50 22.50 22.50
Lakhs and penalty of H15.00 Lakhs in connection with services rendered post demerger
of the pharmaceutical division. Commissioner of Service Tax Mumbai and CESTAT has
upheld the order of Joint Commissioner of Service Tax. The Company has preferred an
appeal to Bombay High Court.
The Deputy Commissioner of sales tax has confirmed the order of the Assistant 4.63 4.63
Commissioner of sales tax Vapi, Gujarat for year 1992-93 and 1993-94 for demand of
interest and penalty due to shortfall in tax payment on account of computation of
purchase tax setoff. Company has preferred an appeal to sales tax tribunal Ahmedabad,
Gujarat and obtained stay against the order/demand of the Assistant Commissioner
pending final disposal.
(b) Other claims (legal claim not accepted by the Company) - 25.00
(c) Letter of comfort on behalf of a subsidiary, to the extent of limits 290.64 -
Note:- Future cash outflows in respect of the above are determinable only on receipt of judgements/decisions pending with various
authorities/forums and/or final outcome of the matters.

151