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ANNUAL REPORT 2018 - 2019
NOTES FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019
35 Disclosure in Respect of Related Parties pursuant to INDAS-24 "Related Party Disclosures", are given below :
A List of Related Parties
i) Other Related parties with whom the company has entered into transactions during the year
a) Member having significant influence over the Company
Multiwyn Investments & Holdings Private Limited
b) Key Management Personnel (including non Executive Directors)
Mr.Hemant Kumar Ruia - Chairman & Managing Director
Mr.Yashvardhan Ruia -Executive Director
Mr.K.K.Seksaria - Non Executive & Independent Director
Dr.M.K.Sinha - Non Executive & Independent Director
Dr.P.D.Vaidya - Non Executive & Independent Director
Mr.A.S.Nagar - Non Executive & Independent Director
Mr.B.M.Jindel - Non Executive & Independent Director
Ms.Nimisha Dutia - Non Executive Director & Non Independent Director
c) Employee' benfitis plan where there is significant influence
Amines & Plasticizers Limited Employee's Gratuity Fund
Amines & Plasticizers Limited Employee's Providend Fund
d) Entities over which any person described in (b) above is able to exercise significant influence
Chefair Investment Pvt.Ltd.
Ruia Gases Private Limited
B Details of Related Party Transactions for Current Year / (Previous Year) : ( ` in lakhs)
Nature Of Transaction Referred to Referred to Referred to Referred to
in A(i) (a) in A(i)(b) in A(i) (c) A(i)(d)
above above above above
Sales
Ruia Gases Private Limited -
(0.62)
Expenses
Interest Paid on Loans
Multiwyn Investments & Holdings Private Limited 139.96
( 114.71)
Chefair Investment Private Limited 14.48
(12.92)
Managerial Remuneration
Mr.Hemant Kumar Ruia 100.94
(96.91)
Mr.Yashvardhan Ruia 24.04
(20.29)
Directors Sitting Fees (Independent Directors) 2.90
(3.05)
Contributions Paid during the year
Amines & Plasticizers Limited Employee's Gratuity Fund 45.00
(25.00)
Amines & Plasticizers Limited Employee's Provident Fund 96.84
(96.27)
Contributions Paid for the CSR
Smt.Bhagirathibai Manmal Ruia Gochar Trust -
(25.00)
Loans taken
Multiwyn Investments & Holdings Private Limited 138.25
(178.75)
Chefair Investment Private Limited 31.50
(1.00)
Repayment of Loan Taken
Multiwyn Investments & Holdings Private Limited 30.00
(46.00)
167
CONSOLIDATED NOTES TO THE ACCOUNTS