Atul Ltd 2017-18

Atul Ltd | Annual Report 2017-18 Note 27.4 (A) Related Party information (continued) Name of the Related Party and nature of relationship No. Name of the Related Party Description of relationship 39 Key Management Personnel S S Lalbhai Chairman and Managing Director S A Lalbhai Managing Director B N Mohanan Whole-time Director and President - U&S T R Gopi Kannan Whole-time Director and CFO R A Shah Non-executive Director S S Baijal Non-executive Director B S Mehta Non-executive Director H S Shah Non-executive Director S M Datta Non-executive Director V S Rangan Non-executive Director M M Chitale Non-executive Director S A Panse Non-executive Director B R Arora Non-executive Director 40 Close family members of Key Management Personnel Vimla S Lalbhai Mother of S S Lalbhai Swati S Lalbhai Sister of S S Lalbhai Astha S Lalbhai Daughter of S S Lalbhai Saumya S Lalbhai Son of S A Lalbhai Nishtha S Lalbhai Daughter of S S Lalbhai 41 Welfare funds Atul Foundation Trust Entities over which Key Management Personnel or their close family members have significant influence Atul Kelavani Mandal Atul Rural Development Fund Atul Vidyalaya Urmi Stree Sanstha 42 Other Related Parties 4 The Atul Officers Retirement Benefit Fund Post-employment benefit plan of Atul Ltd Atul Products Ltd-Ankleshwar Division Employees' Provident Fund Trust Atul Limited Employees Gratuity Fund 1 Investments held through subsidiary companies | 2 Associate company up to November 30, 2016 | 3 Under liquidation | 4 Refer Note 27.6 for information on transactions with post-employment benefit plans mentioned above. ( ` cr) Note 27.4 (B) Transactions with subsidiary companies 2017-18 2016-17 a) Sales and income 01 Sale of goods 497.97 457.64 Atul Bioscience Ltd 34.77 25.52 Atul Biospace Ltd 7.75 9.35 Atul China Ltd 69.88 78.70 Atul Europe Ltd 187.01 198.12 Atul Infotech Pvt Ltd (Previous year: ` 12,415) – Atul USA Inc 198.56 145.95 Notes to the Financial Statements