Page 73 - KRCL ENglish

57.7 Disclosure under Regulation 53(f) read with Schedule V of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and Section
188(2) of Companies Act, 2013 with regard to Related Party transaction

57.7.1 The Corporation being a Government related entity is exempt from the general
disclosure requirements in relation to related party transactions and outstanding
balances with the controlling Government and another entity under same
Government.
Government of India (acting through Ministry of Railways -MOR) is holding 52.2%
of equity shares and State Govt. of Maharashtra, Goa, Karnataka and Kerala
holding 22.5%, 6.1%, 13.1% and 6.1% respectively in the Corporation.
Accordingly, Corporation is controlled by the Government of India (Ministry of
Railways). The Corporation along with other Zonal Railways is under the control of
the Ministry of Railways and entities like RDSO, CRIS, IRCTC, NIC, ICF, Railtel.

A substantial portion of Trafc Earnings of the Corporation accrues from various
Zonal Railways. The corporation also makes payment of signicant amounts of
Trafc Earnings to said Zonal Railways as per the agreement with the Ministry of
Railways. Such “apportioned earnings” form a major part of trafc revenue of the
Corporation.

The revenue expenditure incurred under the head 'Train Operations Expenses'
include large amount of expenditure towards Hire charges of Coaches, Locos
and Wagons and fuel charges from the various Zonal Railways.

A large portion of Project Revenue is contributed by the various Zonal Railways
and from other PSU companies owned by Central Government/state
Governments.

The details of transactions along with name of the projects and such awarding
entities are mentioned below:

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