Prakash Steelage Ltd. Party...CIN L27106MH1 991PL.C 061595 ~ Prakash Steelage Ltd. Manufacturer &...
Transcript of Prakash Steelage Ltd. Party...CIN L27106MH1 991PL.C 061595 ~ Prakash Steelage Ltd. Manufacturer &...
CIN L27106MH1 991PLC 061595
~Prakash Steelage Ltd Manufacturer amp Exporters of Stainless Steel Welded Pipes Tubes amp U-Tubes
An ISO 9001-2008 ISO 14001-2004 OHSAS 18001 -2007 PEo Certified Company
June 4 2019 To To The Manager The Manager BSE Limited National Stock Exchange of India Limited Listing Department Listing Compliance Department Phiroze Jeejeebhoy Towers Exchange Plaza Bandra - Kurla Complex Dalal Street Mumbai - 400 001 Bandra (E) Mumbai - 400 051
Dear SirfMadam
Scrip Code 533239 Symbol PRAKASHSTL
Sub Disclosure with respect to Related Party Transactions of Prakash Steelage Limited (Company) for the half year ended March 31 2019
Ref Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Pursuant to Regulations 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed the disclosures of related party transactions of the Company for the half year ended March 31 2019 The above information is also hosted on the website of the Company (wwwprakashsteelagecom)
Kindly take the same on your record
Thanking You
Ashok Mafatla1Seth Whole-Time Director amp CFO (DIN 00309706) Address 101 1st Floor Shatrunjay Apartment 28 Sindhi Lane Nanubhai Desai Road Mumbai - 400004
Encl Disclosure of Related Party Transactions for the half year ended March 31 2019
Registered Office
101 ShatrunJay Apartment 1st Floor 28 Sindhi l ane Nanubhai Desai Road Mumbai-400 004 (India)
Tel +91-22-66134500 Fax +91 -22-66134599 Emai l marketi ngprakashsteelagecom Web wwwprakashsteelage com
PRAKASH STEELAGE LIMITED
Names of the related party and nature of relationship
A Associated Company 1 Tubacex Prakash India Private Limited
B Key Management Personnel 1 Shri Prakash C Kanugo Chairman amp Managing Director 2 Shri Ashok M Seth Executive Director amp Chief Financial Officer 3 Shri Hemant r Kanugo Whole Time Director
C Relatives of Key Management Personnel 1 Smt Babita P Kanugo 2 Shri Vimal P Kanugo 3 Shri Kirti P Kanugo 4 Smt Ekta H Kanugo 5 Smt Neha K Kanugo
D Enterprises over which any of (B) and (C) can exercise control or significance influence 1 AMS Trading And Investment Private Limited 2 Seth Iron And Steel Private Limited 3 Seth Steelage Private Limited 4 Mj s Sumise Metal Industries 5 Mj s Sun International Inc 6 Mj s VK International Inc 7 Mj s Steelage Alloys LLP 8 Mjs Seth Steel amp Reality Developers
PRAKASH STEELAGE LIMITED
Details of transactions between the Company amp Related Parties amp the status of outstanding balances for the half year ended March 31 2019
(All amounts are in Indian Rupees unless otherwise stated) Nature of Name of Party Associatesj Key I Relatives of Transactions Enterprises over Management Key
which directors Personnel Management andor their Personnel relatives has I
significant influence
31032019 31032019 31032019 AMS Trading And
1405598 - -Unsecured Investment Private Limited
Loans Taken Shri Hemant P Kanugo - 50000 -
Shri Prakash C Kanugo - 46780 -AMS Trading And
1176500 - -Investment Private Limited
Unsecured Smt Ekta H Kanugo - - 7000 Loans Repaid
Shri Prakash C Kanugo 46780 --
Shri Hemant P Kanugo ~lA~OOOO -
fpound( ~ L ~~ 111~ jI - ~ ~ v c --
I ~
-
Sales to Tubacex Prakash India 200000000 - -
Associates Private Limited Reimbursement
Tubacex Prakash India 36934912 - -
ExpensesClaim Private Limited s
Seth Iron And Steel Private 66292 - -Jobwork Sales Limited
to Related Party Mj s Steelage Alloys LLP 1511757 - -
Sales to Related Mj s Steelage Alloys LLP 3347955 - -Party
Advance Given Seth Steelage Private 1901895 - -
Return Limited Seth Iron And Steel Private
14406443 - -Limited Seth Steel amp Reality
6373392 - -Purchases from Developers Related Party Mj s VK International
10119559 - -Inc
Mj s Sun International Inc 1250481 -
Shri Kirti P Kanugo - -180000Remuneration j
Salary Shri Vimal P Kanugo - -
30000
Shri Prakash C Kanugo - 40800 -
Smt Neha K Kanugo - -54000Rent
Smt Babita P Kanugo - -150000
Outstanding Balances
Office Deposit Smt Babita P Kanugo -
500000Given -Unsecured Loan
Mj s Sunrise Metal Industries 250959069 - -Taken Payable Receivable from Tubacex Prakash India Private
30000000 - -Associates Limited Investment in
Tubacex Prakash India Private 32470000 --Associates
LimitedCompany Seth Iron And Steel Private
10380443 - -Limited Seth Steel amp Reality
6373392 - -Payable to Related Party Developers
Mj s VK International Inc 884559 - -
Mj s Sun International Inc 695481 - -AMS Trading And Investment
3166504 - -Receivable From Private Limited Related Party
Mj s Steelage Alloys LLP 2164749 - --=-shy
6~~ 4~~~ RJr~
- ff
----bull-------
PRAKASH STEELAGE LIMITED
Names of the related party and nature of relationship
A Associated Company 1 Tubacex Prakash India Private Limited
B Key Management Personnel 1 Shri Prakash C Kanugo Chairman amp Managing Director 2 Shri Ashok M Seth Executive Director amp Chief Financial Officer 3 Shri Hemant r Kanugo Whole Time Director
C Relatives of Key Management Personnel 1 Smt Babita P Kanugo 2 Shri Vimal P Kanugo 3 Shri Kirti P Kanugo 4 Smt Ekta H Kanugo 5 Smt Neha K Kanugo
D Enterprises over which any of (B) and (C) can exercise control or significance influence 1 AMS Trading And Investment Private Limited 2 Seth Iron And Steel Private Limited 3 Seth Steelage Private Limited 4 Mj s Sumise Metal Industries 5 Mj s Sun International Inc 6 Mj s VK International Inc 7 Mj s Steelage Alloys LLP 8 Mjs Seth Steel amp Reality Developers
PRAKASH STEELAGE LIMITED
Details of transactions between the Company amp Related Parties amp the status of outstanding balances for the half year ended March 31 2019
(All amounts are in Indian Rupees unless otherwise stated) Nature of Name of Party Associatesj Key I Relatives of Transactions Enterprises over Management Key
which directors Personnel Management andor their Personnel relatives has I
significant influence
31032019 31032019 31032019 AMS Trading And
1405598 - -Unsecured Investment Private Limited
Loans Taken Shri Hemant P Kanugo - 50000 -
Shri Prakash C Kanugo - 46780 -AMS Trading And
1176500 - -Investment Private Limited
Unsecured Smt Ekta H Kanugo - - 7000 Loans Repaid
Shri Prakash C Kanugo 46780 --
Shri Hemant P Kanugo ~lA~OOOO -
fpound( ~ L ~~ 111~ jI - ~ ~ v c --
I ~
-
Sales to Tubacex Prakash India 200000000 - -
Associates Private Limited Reimbursement
Tubacex Prakash India 36934912 - -
ExpensesClaim Private Limited s
Seth Iron And Steel Private 66292 - -Jobwork Sales Limited
to Related Party Mj s Steelage Alloys LLP 1511757 - -
Sales to Related Mj s Steelage Alloys LLP 3347955 - -Party
Advance Given Seth Steelage Private 1901895 - -
Return Limited Seth Iron And Steel Private
14406443 - -Limited Seth Steel amp Reality
6373392 - -Purchases from Developers Related Party Mj s VK International
10119559 - -Inc
Mj s Sun International Inc 1250481 -
Shri Kirti P Kanugo - -180000Remuneration j
Salary Shri Vimal P Kanugo - -
30000
Shri Prakash C Kanugo - 40800 -
Smt Neha K Kanugo - -54000Rent
Smt Babita P Kanugo - -150000
Outstanding Balances
Office Deposit Smt Babita P Kanugo -
500000Given -Unsecured Loan
Mj s Sunrise Metal Industries 250959069 - -Taken Payable Receivable from Tubacex Prakash India Private
30000000 - -Associates Limited Investment in
Tubacex Prakash India Private 32470000 --Associates
LimitedCompany Seth Iron And Steel Private
10380443 - -Limited Seth Steel amp Reality
6373392 - -Payable to Related Party Developers
Mj s VK International Inc 884559 - -
Mj s Sun International Inc 695481 - -AMS Trading And Investment
3166504 - -Receivable From Private Limited Related Party
Mj s Steelage Alloys LLP 2164749 - --=-shy
6~~ 4~~~ RJr~
- ff
----bull-------
Sales to Tubacex Prakash India 200000000 - -
Associates Private Limited Reimbursement
Tubacex Prakash India 36934912 - -
ExpensesClaim Private Limited s
Seth Iron And Steel Private 66292 - -Jobwork Sales Limited
to Related Party Mj s Steelage Alloys LLP 1511757 - -
Sales to Related Mj s Steelage Alloys LLP 3347955 - -Party
Advance Given Seth Steelage Private 1901895 - -
Return Limited Seth Iron And Steel Private
14406443 - -Limited Seth Steel amp Reality
6373392 - -Purchases from Developers Related Party Mj s VK International
10119559 - -Inc
Mj s Sun International Inc 1250481 -
Shri Kirti P Kanugo - -180000Remuneration j
Salary Shri Vimal P Kanugo - -
30000
Shri Prakash C Kanugo - 40800 -
Smt Neha K Kanugo - -54000Rent
Smt Babita P Kanugo - -150000
Outstanding Balances
Office Deposit Smt Babita P Kanugo -
500000Given -Unsecured Loan
Mj s Sunrise Metal Industries 250959069 - -Taken Payable Receivable from Tubacex Prakash India Private
30000000 - -Associates Limited Investment in
Tubacex Prakash India Private 32470000 --Associates
LimitedCompany Seth Iron And Steel Private
10380443 - -Limited Seth Steel amp Reality
6373392 - -Payable to Related Party Developers
Mj s VK International Inc 884559 - -
Mj s Sun International Inc 695481 - -AMS Trading And Investment
3166504 - -Receivable From Private Limited Related Party
Mj s Steelage Alloys LLP 2164749 - --=-shy
6~~ 4~~~ RJr~
- ff
----bull-------