123 / 236
121
Note 27.4 (A) Related Party information
Name of the Related Party and nature of relationship
No. Name of the Related Party
Description of relationship
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
38 Close family members of Key Management Personnel
Vimlaben S Lalbhai
Mother of S S Lalbhai
Swati S Lalbhai
Sister of S S Lalbhai
Saumya S Lalbhai
Son of S A Lalbhai
Astha S Lalbhai
Daughter of S S Lalbhai
Nishtha S Lalbhai
Daughter of S S Lalbhai
39 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
40 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 Associate company up to November 30, 2016 |
2
Investments held through subsidiary companies |
3
Under liquidation |
4
Refer Note 27.6 for information on transaction with post - employment benefit plans mentioned above.
(
`
cr)
Note 27.4 (B) Transactions with subsidiary companies
2016-17
2015-16
a) Sales and income
01 Sale of goods
457.64
344.39
Amal Ltd (Previous year:
`
26,100)
–
Atul Bioscience Ltd
25.52
21.67
Atul Biospace Ltd
9.35
3.77
Atul China Ltd
78.70
20.91
Atul Europe Ltd
198.12
114.07
Atul Infotech Pvt Ltd (Current year:
`
12,415)
–
Atul Middle East FZ-LLC
–
1.24
Atul USA Inc
145.95
182.73
02 Service charges received
1.92
1.55
Amal Ltd
0.29
0.20
Atul Bioscience Ltd
1.43
1.16
Atul Crop Care Ltd
0.07
0.07
Atul Finserv Ltd
0.01
–
Atul Infotech Pvt Ltd
0.09
0.10
Lapox Polymers Ltd
0.03
0.02
(continued)
Notes
to the Financial Statements