date: december 9, 2019 · mahendra g. patel managing director din: 00104706 ... downtown travels...
TRANSCRIPT
Date:December9,2019To,TheManager,ListingDepartment,NationalStockExchangeofIndiaLimited,ExchangePlaza,C‐1,Block‐G,Bandra‐KurlaComplex,Bandra(E),Mumbai‐400051.
To,TheDepartmentofCorporateService,BSELimited,1stFloor,NewTradingRing,RotundaBuilding,PhirozeJeejeebhoyTower,DalalStreet,Mumbai‐400001.
ScripCode–LINCOLN ScripCode– 531633DearSir,Sub.: DisclosureofRelatedPartyTransactionspursuanttoRegulation23(9)oftheSEBI(Listing
ObligationsandDisclosureRequirements)Regulations.201S.Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we hereby enclose related party transactions, on consolidated basis, drawn in accordancewithapplicableIndianAccountingStandards,fortheHalfYearEndedSeptember30,2019.Kindlytakethesameonyourrecords.Thankingyou,Yoursfaithfully,FORLINCOLNPHARMACEUTICALSLIMITED_______________________________MAHENDRAG.PATELMANAGINGDIRECTORDIN:00104706
Encl:a/a
ConsolidateddisclosuresofRelatedPartyTransactionsfortheHalfYearEndedSeptember30,2019
ListofRelatedPartiesalongwithnatureofrelationshipwithwhomCompanyhasenteredtransactionsfortheHalfYearEndedSeptember30,2019areasunder,allthetransactionswithrelatedpartieswerecarriedoutinordinarycourseofbusinessandonarm’slengthbasis.1. SubsidiaryCompanies:
LincolnParenteralLimited SavebuxEnterprisesPrivateLimited[FormallyKnownasSavebuxFinance&InvestmentPrivateLimited] ZullincHealthcareLLP
2. NameoftheRelatedParty:
A. KeyManagementPersonnel[KMP]:I. Mr.MahendraG.Patel ‐ ManagingDirectorII. Mr.HashmukhI.Patel ‐ Whole‐TimeDirectorIII. Mr.MunjalM.Patel ‐ Whole‐TimeDirectorIV. Mr.AshishR.Patel ‐ Whole‐TimeDirectorV. Mr.BhavikP.Parikh ‐ CompanySecretaryVI. Mr.DarshitA.Shah ‐ CFO
B. Directors:I. Mr.KishorM.Shah ‐ Non‐ExecutiveandNon‐IndependentDirectorsII. Mr.RajnikantG.Patel ‐ Non‐ExecutiveandNon‐IndependentDirectorsIII. Mr.ArvindG.Patel ‐ Non‐ExecutiveandNon‐IndependentDirectorsIV. Mr.IshwarlalA.Patel ‐ Non‐ExecutiveandIndependentDirectorsV. Mr.PirabhaiR.Suthar ‐ Non‐ExecutiveandIndependentDirectorsVI. Ms.MehaM.Patel ‐ Non‐ExecutiveandIndependentDirectorsVII. Mr.SaurinJ.Parikh ‐ Non‐ExecutiveandIndependentDirectors
C. RelativesofKeyManagementPersonnel:I. Mr.AnandA.Patel ‐ RelativeofKMPII. Mrs.MansiA.Patel ‐ RelativeofKMPIII. Mrs.MansiM.Patel ‐ RelativeofKMPIV. Mrs.KailashbenM.Patel ‐ RelativeofKMPV. Mrs.KalpanabenR.Patel ‐ RelativeofKMP
D. EntityundersignificantinfluenceofKeyManagementPersonnel:I. DowntownTravelsLLPII. SunmedCorporationLLPIII. ShardabenGulabdasPatelPublicCharitableTrust
3. Thefollowingtransactionswerecarriedoutwiththerelatedparties:[Rs.InLakhs]
NameofRelatedParties NatureofRelationship Natureoftransaction
FortheHalfYearEndedSeptember
30,2019Mr.MahendraG.Patel KeyManagementPersonnel Remuneration 8.53MahendraG.PatelHUF KeyManagementPersonnel SalesCommission 23.60Mr.HashmukhI.Patel KeyManagementPersonnel Remuneration 10.92Mr.MunjalM.Patel KeyManagementPersonnel Remuneration 9.59MunjalM.PatelHUF KeyManagementPersonnel SalesCommission 23.60Mr.AshishR.Patel KeyManagementPersonnel Remuneration 15.50Mr.AshishR.PatelHUF KeyManagementPersonnel Sales Commission 15.69Mr.BhavikP.Parikh KeyManagementPersonnel Remuneration 1.27Mr.DarshitA.Shah KeyManagementPersonnel Remuneration 4.20
Mr.ArvindG.Patel Non‐ExecutiveandNon‐IndependentDirectors ConsultancyFees 4.20
Mr.AnandA.Patel RelativeofKMP Remuneration 4.91Mrs.MansiA.Patel RelativeofKMP Remuneration 4.80
Mrs.KailashbenM.Patel RelativeofKMP
Remuneration 4.20AdvancedReceived
Back 3.99
Rent 5.35Mrs.MansiM.Patel RelativeofKMP Remuneration 4.20Mrs.KailashbenR.Patel RelativeofKMP Remuneration 2.10Mrs. Dharmisthaben H.Patel RelativeofKMP Remuneration 3.60
DowntownTravelsLLP EntityundersignificantinfluenceofKMP TravellingExpense 2.01
ShreeCorporation EntityundersignificantinfluenceofKMP AdvancedReceivedBack
12.59
SunmedCorporationLLP EntityundersignificantinfluenceofKMP Remuneration 5.65Shardaben GulabdasPatel Public CharitableTrust
EntityundersignificantinfluenceofKMP CSRContribution 31.90
Transactionsandbalanceswithitssubsidiariesareeliminatedonconsolidation