5 Dr. Agarwal's · 5Dr. Agarwal's Eye Hospital Ltd. For eyes like new (a) Transactions carried out...
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Eye Hospital Ltd. For eyes like new 5 Dr. Agarwal's 07 June 2019 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Sub: Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligation & Disclosure Requirements) Regulations, 2015 Ref: Scrip Code: 525783 Dear Sirs, In terms of the Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligation & Disclosure Requirements) Regulations, 2015, we enclose disclosure of Related Party Transaction on a consolidated basis, in the format prescribed in the accounting standards for the half year ended 315‘ March, 2019. This is for your information & records. Yours faithfully For Dr. Agarwal's Eye Hospital Limited SARADHA OVINDARAJAN CHIEF FINA CIAL OFFICER Registered Ottlce Tel: +91-44-3991 6600/ 3991 6669 Fax: 91448991 6645 Corporate ID Number: L85110TN1994PLC027366 Email: [email protected] I Website: www.dragarwal.com 3rd Floor, Buhari Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai-600 006i
Transcript of 5 Dr. Agarwal's · 5Dr. Agarwal's Eye Hospital Ltd. For eyes like new (a) Transactions carried out...
Eye Hospital Ltd.
For eyes like new
. 5 Dr. Agarwal's
07 June 2019
BSE Limited
Corporate Relationship Department
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400001
Sub: Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing
Obligation & Disclosure Requirements) Regulations, 2015
Ref: Scrip Code: 525783
Dear Sirs,
In terms of the Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligation &
Disclosure Requirements) Regulations, 2015, we enclose disclosure of Related Party Transaction on a
consolidated basis, in the format prescribed in the accounting standards for the half year ended 315‘
March, 2019.
This is for your information & records.
Yours faithfully
For Dr. Agarwal's Eye Hospital Limited
SARADHA OVINDARAJAN
CHIEF FINA CIAL OFFICER
Registered Ottlce
Tel: +91-44-3991 6600/ 3991 6669 Fax: 91448991 6645
Corporate ID Number: L85110TN1994PLC027366
Email: [email protected] I Website: www.dragarwal.com
3rd Floor, Buhari Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai-600 006i
5 Dr. Agarwal'Eye Hospital Ltd.
For eyes like new
Related Party Disclosure
Names of Related Parties and Nature of Relationships
Nature of Relationship 2018-2019
in Holding Company Dr. Agarwal's Health Care Limited (AHCL)
Orbit Healthcare Services (Mauritius) Limited
Orbit Healthcare Services International Operations
Limited
Orbit Health care services (Tanzania) Limited
Orbit Healthcare Services Limited, Rwanda
Orbit Healthcare Services Ghana Limited(ii) Fellow Subsidiaries
Orbit Healthcare Services Mozambique Limited
Orbit Healthcare Services SARL, Madagascar
Orbit Healthcare Services Uganda Limited
Orbit Healthcare Services Zambia Limited
Orbit Thelish Healthcare Services (Nigeria) Limited
Orbit Healthcare Services Kenya Limited
i" Asoiat"
fth HI’("J S c e entities o e o dIngldeaRx Sen/ices Private Limited
Company
(iv) Entities with significant influence Value Growth Investment Holdings PTE Ltd
WE" the Holding Company Claymore Investments (Mauritius) Pte. Ltd
(w.e.f 13 February 2019)
(v) Enterprise over which the KeyDr. Agarwal's Eye institute
Management Personnel (of the
Company and the Holding Dr. Agarwal's Eye Institute Private Limited
Company) is in a position to Maatrum Technologies Private Limited
exercise control/joint control Orbit International
Elisar Life Sciences Private Limited
(w.e.f 26 Novemeber 2018)
(vi) Key Management Personnel of Dr. AmarAgarwaI, Managing Director
the Company and the Holding Dr. Athiya Agarwal, Wholetime Director
CompanyMeka Ram Gopal Apparao (upto 31 January 2019)
Saniay DharambirAnand
Ashvin Agarwal
Ashar Agarwal
Adil Agarwal
Anosh Agarwal
Shiv Agrawal (AHCL)
Sudha Balasubramanian (AHCL)
Mithun Padamchand Sacheti (AHCL)
Suresh Eshwara Prabhala (AHCL)
Saradha Govindarajan
Trichur Ramasubramanian Ramachandran
(w.e.f3OAugust 2018)
Venkatesh Ratnasami (AHCLr w.e.f 13 February 2019)
Registered Office
3rd Floor, BuharI Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai-600 006.
Tel: +91-44w3991 6600/ 3991 6669 Fax: 91-44-3991 6645
Corporate ID Number: L851 1 OTNI 994PLC027366
Email: [email protected] (Website: www.dragarwal.com
5 Dr. Agarwal'sEye Hospital Ltd.
For eyes like new
(a) Transactions carried out with related parties referred to above in the ordinary course of business during the Year.
Particulars Related PartyH2 _
2918-2019Amount in Rs. Lakhs
Transactions during the Year
Revenue
Other Income Dr. Agarwal's Health Care Limited 3022
Expenses
Rent Dr. Agarwal‘s Eye Institute 354.00
Dr. Ashvin Agarwal » Guesthouse 12.25
Business Promotion expenses Dr. Agarwal's Health Care Limited 28.23
Purchases ldeaRx Services Private Limited 106.58
Corporate Gurantee charges Dr. Agarwal's Health Care Limited -
Recovery of Expenses
Salary Dr. Agarwal's Health Care Limited 115.01
Rent'
Dr. Agarwal's Health Care Limited -
Subscription Charges Dr, Agarwal's Health Care Limited —
Others
Recovery of capital advances Dr. Agarwal's Health Care Limited ,
Dividend Paid Dr. Agarwal's Health Care Limited ,
Dr. Sunita Agarwal7
Sanjay Anand -
Purchase of Property, plant and Orbit Healthcare Services (Cambodia) Limited -
equipment
Notes:
ii) The Company accounts for costs incurred by / on behalf of the Related Parties based on the actual invoices / debit
notes raised and accruals as confirmed by such related parties. The Related Parties have confirmed to the Management
that as at 31 March 2019 and 31 March 2018, there are no further amounts payable to / receivable from them, other
than as disclosed above, The Company incurs certain costs on behalf of other companies in the group. These costs have
been allocated/recovered from the group companies on a basis mutually agreed to with the group companies.
(ii) Dr. Agarwal's Health Care Limited has provided Corporate Guarantees amounting to Rs. 2,714 lakhs to SBI for the loans
taken by the Company. Further. 1,350,000 Equity Shares held by Dr. Agarwal's Health Care Limited in the Company has
been pledged as one of the collateral securities with SBI, for the loans taken by the Company to the extent of Rs. 2,714
Iakhs.
(iii) The Company has provided comfort letter to HDFC Bank in respect of the Equipment Loans and Cash Credit facility
availed by the Dr. Agarwal‘s Health Care Limited, the Holding Company.
Registered Ofllco
3rd Floor, Buhari Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai-600 006.
Tel: +9'l-44-3991 6600/3991 6669 Fax: 91-44-3991 6645
Corporate ID Number: L851 10TN1994PLC027366
Email: [email protected] | Website: www.dragarwal.com
Eye Hospital Ltd.
For eyes like new
A Dr. Agarwal's
(b) Compensation of key management personnel
H2 2018-2019'
Particulars Related PartyA t'n R L khmoun | S. E S
Short-term employee benefits
(Refer Note (i))
Remuneration (Refer Note (ii) below) Dr. Amar Agarwal 42.00
Dr. Athiya Agarwal 42.00
Saradha Govindarajan 33.29
Sabesan R
Post-employee benefits
(Contribution to Provident Fund) Dr. AmarAgarwal 0.11
Dr. Athiya Agarwal 0.11
Saradha Govindarajan 0.11
Sabesan R
Receiving of services
Consultancy Dr. Ashvin Agarwal 24.60
Dr. Ashar Agarwal 18.00
Others
Reimbursement of Expenses Dr. Anosh Agarwal-
D'r. Adil Agarwal»
Dr. Amar Agarwal 68.04
Dr. Ashvin Agarwal 25.41
Dr. Ashar Agarwal
Director sitting fees Meka Ram Gopal Apparao 0.20
Trichur Ramasubramanian Ramachandran 0.20
Sanjay Anand 0.30
Notes:
(i) Excludes gratuity and compensated absences which cannot be separately identifiable from the composite amount
advised bythe actuary.
(ii) The remuneration payable to key management personnel is determined by the nomination and remuneration committee
having regard to the performance of individuals and market trends.
(iii) There were no balances outstanding to be paid / received as at the year end.
Registered Office
3rd Floor, Buhari Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai-600 006.
Tel: +91-44-3991 6600/3991 6669 Fax: 91-44-3991 6645
Corporate ID Number: L85110TN1994PLC027366
Email: dragarwa|@vsnl.com | Website: www.dragarwa|.com
Eye Hospital Ltd.
For eyes like new
5 Dr. Agarwal's
(c ) Balances outstanding as at year end
As at
Particulars Related Party 31 March 2019
Amount in Rs. Lakhs
Assets - Receivables
Other Current Financial Assets Dr. Agarwal's Health Care Limited 41.39
Non-Current Financial Asset - Loans Dr. Agarwal's Eye Institute 7
(Rental Deposit)
Current Financial Asset— Loans (Rental Dr. Agarwal's Eye institute 417.37
Deposit)
Liabilities
Trade Payables Dr. Agarwal's Eye Institute 54.00
IdeaRx Services Private Limited 1.98
Orbit Healthcare Services Swaziland (Pty) Limited -
Senses Pharmaceuticals Limited -
Saradha Govindarajan 4.20
(i) The amounts outstanding are unsecured and will be settled in cash. No guarantees have been given or received. There
have been no instances of amounts due to or due from related parties that have been written back or written off or
otherwise provided for during the year.
Registered Office
3rd Floor, Buhari Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai-600 006.
Tel: +91-44-3991 6600/3991 6669 Faxz9'l-44-3991 6645
Corporate iD Number: L851 10TN1994PLC027366
Email: [email protected] |Webslte: www.dragarwal.com
