Atul Ltd 2019-20

133 Standalone | Notes to the Financial Statements No. Name of the related party Description of relationship Other related parties with whom transactions have taken place during the year 36 Rudolf Atul Chemicals Ltd Joint venture company 37 Anaven LLP Joint operation of subsidiary company 38 Samveg Agencies Pvt Ltd Entity over which control exercised by Key Management Personnel 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 Trust 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 Subsidiary company by virtue of control | 3 Under liquidation | 4 Refer Note 28.6 for information on transactions with post-employment benefit plans mentioned above. Note 28.4 Related party disclosures (continued)