A/T | |||||
Natural | |||||
AVTNPL/SE/2022-23 | June 7, 2022 | ||||
The Listing Manager | The National Stock Exchange of India Ltd., | ||||
SSE Limited, | "Exchange Plaza" | ||||
Phiroze Jeejeebhoy Towers, | Sandra Kurla Complex, | ||||
25th Floor, Dalal Street, | Sandra East, | ||||
Mumbai - 400 001. | Mumbai - 400 051 | ||||
Stock Code- 519105 | Stock Code - AVTNPL-Eq | ||||
Sub: Half Year Disclosure of Related Party Transactions for the period ended March 31, 2022 under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
Dear Sir/ Madam,
Pursuant to Regulations, we are attaching herewith the half-yearly disclosure of Related Party Transactions for the period ended March 31, 2022.
We request you to kindly take the above information on Record. Thanking you,
Yours faithfully,
For AVT tural Products Ltd.,
I
AVT Natural Products Ltd., Plot No. 225/1A 5-7, Kaipoorikkara, | I | Regd. Office : # 60, Rukmani Lakshmipathy Salai, Egmore, |
Marampilly P.O., South Vazhakulam, Aluva - 683 105, Cochin, India. | Chennai - 600 008, India. T/F: +9144 28584147 E: avtnpl@avtnatural.com, | |
P: +91 484 2848240 F: +91 484 2677512 Website: www.avtnatural.com | CIN: L15142TN1986PLC012780 |
AVT NATURAL PRODUCTS LTD
No.60, Rukmani, Lakshmipathy Salai,
Egmore, Chennai 600 008
Disclosure of Related Party Transaction for the half year ended 31st March 2022 | Annex | ||||||||||||||||||
Rs.in Lakhs | |||||||||||||||||||
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. | |||||||||||||||||||
In case monies are | In case any financial indebtedness is | ||||||||||||||||||
Details of the party (listed entity /subsidiary) entering into the | Details of the counterparty | due to either party as | incurred to make or give loans, inter- | Details of the loans, inter-corporate deposits, advances or investments | |||||||||||||||
transaction | a result of the | corporate deposits, advances or | |||||||||||||||||
Value of the | Value of | transaction | investments | ||||||||||||||||
S. No | Type of related party transaction | related party | transaction | Purpose for which | |||||||||||||||
transaction as | during the | Nature of | Nature (loan/ | ||||||||||||||||
approved by the | reporting | the funds will be | |||||||||||||||||
Relationship of the counterparty with the listed entity | Opening | Closing | indebtedness | advance/ inter- | Interest | Secured/ | |||||||||||||
Name | PAN | Name | PAN | audit committee | period | Tenure | Tenure | utilised by the | |||||||||||
(loan/ issuance | Cost | corporate | |||||||||||||||||
or its subsidiary | balance | balance | Rate (%) | unsecured | ultimate recipient | ||||||||||||||
of debt/ any | deposit/ | ||||||||||||||||||
of funds (end- | |||||||||||||||||||
other etc.) | investment | ||||||||||||||||||
usage) | |||||||||||||||||||
1 | AVT NATURAL PRODUCTS LTD | NEELAMALAI AGRO INDUSTRIES LTD | Entities having significant influence | Purchase of Goods and Services | 200 | 78.26 | -7.55 | -0.01 | |||||||||||
Rendering of Services | 200 | 0.37 | -7.55 | -0.01 | |||||||||||||||
Dividend Paid | 243.65 | ||||||||||||||||||
Purchase of Goods and Services | 250 | 5.45 | 0 | -2.89 | |||||||||||||||
2 | AVT NATURAL PRODUCTS LTD | THE MIDLAND RUBBER AND PRODUCE CO LTD | Entities having significant influence | Rendering of Services | 250 | 0.37 | 0 | -2.89 | |||||||||||
Receiving of Services | 250 | 12.68 | 0 | -2.89 | |||||||||||||||
Dividend Paid | 181.81 | ||||||||||||||||||
Purchase of Goods and Services | 100 | 6.85 | -1.13 | -2.72 | |||||||||||||||
3 | AVT NATURAL PRODUCTS LTD | THE NELLIAMPATHY TEA AND PRODUCE CO LTD | Entities with Common Control | Sale of Goods and Services | 100 | 33.83 | -1.13 | -2.72 | |||||||||||
Receiving of Services | 100 | 1.61 | -1.13 | -2.72 | |||||||||||||||
Dividend Paid | 24.37 | ||||||||||||||||||
4 | AVT NATURAL PRODUCTS LTD | AVT MCCORMICK INGREDIENTS PVT LTD | Entities with Common Control | Sale of Goods and Services | 100 | 0.48 | -5.2 | -13.04 | |||||||||||
Rendering of Services | 100 | 3.82 | -5.2 | -13.04 | |||||||||||||||
Receiving of Services | 100 | 17.3 | -5.2 | -13.04 | |||||||||||||||
5 | AVT NATURAL PRODUCTS LTD | A.V.THOMAS & CO LTD | Entities with Common Control | Purchase of Goods and Services | 600 | 33.85 | 0 | 39.83 | |||||||||||
Sale of Goods and Services | 600 | 53.75 | 0 | 39.83 | |||||||||||||||
Freight | 600 | 80.29 | -31.66 | -9.79 | |||||||||||||||
6 | AVT NATURAL PRODUCTS LTD | AVT GAVIA FOODS PVT LTD | Entities with Common Control | 15 | 0 | 0 | 0 | ||||||||||||
Purchase of Goods and Services | 304.89 | -442.15 | -185.63 | ||||||||||||||||
7 | AVT NATURAL PRODUCTS LTD | AVT NATURAL EUROPE LTD | Subsidiaries | Sale of Goods and Services | 2700.38 | 1997.11 | 718.95 | ||||||||||||
Commission Paid | 69.99 | -442.15 | -185.63 | ||||||||||||||||
Consultancy Charges | 32.89 | -442.15 | -185.63 | ||||||||||||||||
Receiving of Services | 3.72 | -442.15 | -185.63 | ||||||||||||||||
8 | AVT NATURAL PRODUCTS LTD | AVT NATURAL S.A DE C.V | Subsidiaries | Sale of Goods and Services | 757.62 | 121.97 | 694.66 | ||||||||||||
Commission Paid | 355.93 | -59.21 | 0 | ||||||||||||||||
9 | AVT NATURAL PRODUCTS LTD | AVT NATURAL NORTH AMERICA INC | Stepdown Subsidiary | Sale of Goods and Services | 164.8 | 74.64 | 164.03 | ||||||||||||
Rendering of Services | 1.58 | -12.8 | -0.65 | ||||||||||||||||
Receiving of Services | 71.06 | -12.8 | -0.65 | ||||||||||||||||
10 | AVT NATURAL PRODUCTS LTD | MIDLAND CHARITABLE TRUST | Entities with Common Control | 50 | 0 | 0 | 0 | ||||||||||||
11 | AVT NATURAL PRODUCTS LTD | MIDLAND CORPORATE ADVISORY SERVICES PVT LTD | Entities with Common Control | Receiving of Services | 15 | 14.16 | 0 | 0 | |||||||||||
12 | AVT NATURAL PRODUCTS LTD | AJIT THOMAS | Promoters/Chairman | Sitting Fee Paid | 1.05 | ||||||||||||||
Dividend Paid | 6.09 | ||||||||||||||||||
13 | AVT NATURAL PRODUCTS LTD | SHANTHI THOMAS | Promoters/Non-Executive Director | Sitting Fee Paid | 0.3 | ||||||||||||||
Dividend Paid | 0.72 | ||||||||||||||||||
14 | AVT NATURAL PRODUCTS LTD | RAHUL THOMAS | Promoter Group/Relatives of Promtoer | Remuneration Paid | 40.81 | ||||||||||||||
15 | AVT NATURAL PRODUCTS LTD | ASHWIN THOMAS | Promoter Group/Relatives of Promtoer | Dividend Paid | 0.21 | ||||||||||||||
16 | AVT NATURAL PRODUCTS LTD | HABIB HUSSAIN | Non-Executive Director | Sitting Fee Paid | 0.95 | ||||||||||||||
Dividend Paid | 0.8 | ||||||||||||||||||
17 | AVT NATURAL PRODUCTS LTD | M.A.ALAGAPPAN | Non-Executive And Independent Director | Sitting Fee Paid | 1.15 | ||||||||||||||
Dividend Paid | 0.11 | ||||||||||||||||||
18 | AVT NATURAL PRODUCTS LTD | P.SHANKAR | Non-Executive And Independent Director | Sitting Fee Paid | 0.95 | ||||||||||||||
19 | AVT NATURAL PRODUCTS LTD | A.D.BOPANA | Non-Executive And Independent Director | Sitting Fee Paid | 0.95 | ||||||||||||||
Dividend Paid | 2.71 | ||||||||||||||||||
18 | AVT NATURAL PRODUCTS LTD | KAVITHA VIJAY | Non-Executive And Independent Woman Director | Sitting Fee Paid | 0.8 | ||||||||||||||
19 | AVT NATURAL PRODUCTS LTD | B.KRISHNA KUMAR | KMP/Sr.Vice President | Remuneration Paid | 38.18 | ||||||||||||||
20 | AVT NATURAL PRODUCTS LTD | A.RAMADAS | KMP/Sr.Vice President & CFO | Remuneration Paid | 37.7 | ||||||||||||||
Dividend Paid | 0.004 | ||||||||||||||||||
21 | AVT NATURAL PRODUCTS LTD | SHARON JOSH | KMP/Company Secretary | Remuneration Paid | 3.35 | ||||||||||||||
Notes: |
- 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.
- 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.
- For companies with financial year ending March 31, this information has to be provided for six months ended September 30 and six months ended March 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: a. 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". b. 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". 7.Cost" refers to the cost of borrowed funds for the listed entity.
8.PAN will not be displayed on the website of the Stock Exchange(s).
9.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
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AVT Natural Products Limited published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 06:31:03 UTC.