General information about company | |
| Name of The Company | MANAKSIA STEELS LIMITED |
| BSE Scrip Code | 539044 |
| NSE Symbol | MANAKSTEEL |
| MSE Symbol | NOTLISTED |
| Date of Start of Financial Year | 01-04-2023 |
| Date of End of Financial Year | 31-03-2024 |
| Reporting Period | Second half yearly |
| Date of Start of Reporting Period | 01-10-2023 |
| Date of End of Reporting Period | 31-03-2024 |
| Level of rounding to be used in disclosing related party transactions | Lakhs |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA | ||
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA | ||
| (III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)? | No | ||
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |||
| (b) If answer to above question is No, please explain the reason for not complying. | |||
Related party transactions | ||||||||||||||||||||||
| Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||
| Sr No. | Details of the party (listed entity /subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | |||||||
| 1 | Manaksia Steels Limited | AADCM9719Q | Manaksia Limited | AAACH6882J | Entities with joint control or significant influence over entity | Sale of goods or services | 7500 | As approved by the Audit Committee, Board of Directors & Shareholders | 1783.21 | 5.08 | 22.79 | Textual Information(1) | ||||||||||
| 2 | Manaksia Steels Limited | AADCM9719Q | Bankura Machinery Private Limited | AAMCB1376R | Entities with joint control or significant influence over entity | Any other transaction | Rental Income | 10.53 | As approved by the Audit Committee & Board of Directors | 3.11 | 0 | 0 | Textual Information(2) | |||||||||
| 3 | Manaksia Steels Limited | AADCM9719Q | Vajra Machineries Private Limited | AABCV8923D | Entities with joint control or significant influence over entity | Sale of goods or services | 500 | As approved by the Audit Committee & Board of Directors | 0.54 | 0 | 0 | Textual Information(3) | ||||||||||
| 4 | Manaksia Steels Limited | AADCM9719Q | MINL Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Sale of goods or services | 4000 | As approved by the Audit Committee & Board of Directors | 836.21 | 173.36 | 534.23 | Textual Information(4) | ||||||||||
| 5 | Manaksia Steels Limited | AADCM9719Q | Sumo Steels Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Sale of goods or services | 25000 | As approved by the Audit Committee, Board of Directors & Shareholders | 91.79 | 34.15 | 103.59 | Textual Information(5) | ||||||||||
| 6 | Manaksia Steels Limited | AADCM9719Q | Jebba Paper Mills Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Sale of goods or services | 2000 | As approved by the Audit Committee & Board of Directors | 93.25 | 82.94 | 98.81 | Textual Information(6) | ||||||||||
| 7 | Manaksia Steels Limited | AADCM9719Q | Leadstone Energy Limited | AAACL4675K | Other related party | Purchase of goods or services | 500 | As approved by the Audit Committee & Board of Directors | 51.78 | 0 | 0 | Textual Information(7) | ||||||||||
| 8 | Manaksia Steels Limited | AADCM9719Q | Manaksia Aluminium Company Limited | AAGCM4560N | Entities with joint control or significant influence over entity | Purchase of goods or services | 100 | As approved by the Audit Committee & Board of Directors | 46.19 | 15.8 | 61.99 | Textual Information(8) | ||||||||||
| 9 | Manaksia Steels Limited | AADCM9719Q | Bankura Machinery Private Limited | AAMCB1376R | Entities with joint control or significant influence over entity | Purchase of goods or services | 200 | As approved by the Audit Committee & Board of Directors | 14.63 | 0 | 0 | Textual Information(9) | ||||||||||
| 10 | Manaksia Steels Limited | AADCM9719Q | Vajra Machineries Private Limited | AABCV8923D | Entities with joint control or significant influence over entity | Purchase of goods or services | 1000 | As approved by the Audit Committee & Board of Directors | 39.22 | 13.29 | 20.1 | Textual Information(10) | ||||||||||
| 11 | Manaksia Steels Limited | AADCM9719Q | Varun Agrawal | ACXPA1870F | Managing Director | Remuneration | 240 | As approved by the Audit Committee, Nomination and Remuneration Committee, Board of Directors & Shareholders | 120 | 0 | 0 | Textual Information(11) | ||||||||||
| 12 | Manaksia Steels Limited | AADCM9719Q | Vineet Agrawal | ACXPA1871E | Chief Executive Officer | Remuneration | 228 | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 114 | 0 | 0 | Textual Information(12) | ||||||||||
| 13 | Manaksia Steels Limited | AADCM9719Q | Rajesh Singhania | AMAPS7074E | Chief Financial Officer | Remuneration | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 9.09 | 0 | 0 | Textual Information(13) | |||||||||||
| 14 | Manaksia Steels Limited | AADCM9719Q | Rajesh Singhania | AMAPS7074E | Chief Financial Officer | Advance | Refer Note | -6.75 | 66.37 | 59.63 | Textual Information(14) | |||||||||||
| 15 | Manaksia Steels Limited | AADCM9719Q | Ajay Sharma | AYJPS3997D | Company Secretary | Advance | Refer Note | 0.44 | 0 | 0.44 | Textual Information(15) | |||||||||||
| 16 | Manaksia Steels Limited | AADCM9719Q | Ajay Sharma | AYJPS3997D | Company Secretary | Remuneration | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 2.71 | 0 | 0 | Textual Information(16) | |||||||||||
| 17 | Manaksia Steels Limited | AADCM9719Q | Kali Kumar Chaudhuri | ABVPC9186H | Independent Director | Any other transaction | Sitting Fees | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 0.8 | 0 | 0 | Textual Information(17) | ||||||||||
| 18 | Manaksia Steels Limited | AADCM9719Q | Ramesh Kumar Maheshwari | AEZPM0448M | Independent Director | Any other transaction | Sitting Fees | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 0.6 | 0 | 0 | Textual Information(18) | ||||||||||
| 19 | Manaksia Steels Limited | AADCM9719Q | Suresh Kumar Agrawal | ACSPA0116B | Non-Executive Director | Any other transaction | Sitting Fees | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 0.55 | 0 | 0 | Textual Information(19) | ||||||||||
| 20 | Manaksia Steels Limited | AADCM9719Q | Nidhi Baheti | ALDPM3999E | Independent Woman Director | Any other transaction | Sitting Fees | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 0.7 | 0 | 0 | Textual Information(20) | ||||||||||
| 21 | Manaksia Steels Limited | AADCM9719Q | Mrinal Kanti Pal | AFNPP6116L | Non-Executive Director | Any other transaction | Sitting Fees | As approved by the Audit Committee, Nomination and Remuneration Committee & Board of Directors | 0.3 | 0 | 0 | Textual Information(21) | ||||||||||
| 22 | Manaksia Steels Limited | AADCM9719Q | Federated Steel Mills Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Sale of goods or services | 1000 | As approved by the Audit Committee & Board of Directors | 1.48 | 14.66 | 1.49 | Textual Information(22) | ||||||||||
| 23 | Manaksia Steels Limited | AADCM9719Q | Manaksia Coated Metals & Industries Ltd. | AAGCM4604H | Entities with joint control or significant influence over entity | Any other transaction | Trade Payable | 100 | Refer Note | -0.38 | 0.38 | 0 | Textual Information(23) | |||||||||
| 24 | Federated Steel Mills Limited | ZZZZZ9999Z | MINL Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Sale of goods or services | Refer Note | 0.72 | 0 | 0 | Textual Information(24) | |||||||||||
| 25 | Federated Steel Mills Limited | ZZZZZ9999Z | MINL Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Purchase of goods or services | Refer Note | 9.94 | 3.05 | 0.85 | Textual Information(25) | |||||||||||
| 26 | Federated Steel Mills Limited | ZZZZZ9999Z | Jebba Paper Mills Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Sale of goods or services | Refer Note | 0.61 | 0 | 0 | Textual Information(26) | |||||||||||
| 27 | Federated Steel Mills Limited | ZZZZZ9999Z | Jebba Paper Mills Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Purchase of goods or services | Refer Note | 6.41 | 0 | 0 | Textual Information(27) | |||||||||||
| 28 | Federated Steel Mills Limited | ZZZZZ9999Z | Sumo Steels Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Sale of goods or services | Refer Note | 0.23 | 0.23 | 0 | Textual Information(28) | |||||||||||
| 29 | Federated Steel Mills Limited | ZZZZZ9999Z | Sumo Steels Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Purchase of goods or services | Refer Note | 11.93 | 11.93 | 0 | Textual Information(29) | |||||||||||
| 30 | Federated Steel Mills Limited | ZZZZZ9999Z | Sumo Steels Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Any other transaction | Other Payable | 2000 | As approved by the Audit Committee & Board of Directors | 1151.96 | 2845.81 | 752.1 | Textual Information(30) | |||||||||
| 31 | Federated Steel Mills Limited | ZZZZZ9999Z | Manaksia Limited | AAACH6882J | Entities with joint control or significant influence over entity | Purchase of goods or services | Refer Note | 23.96 | -32.23 | 0 | Textual Information(31) | |||||||||||
| 32 | Sumo Agrochem Limited | ZZZZZ9999Z | Sumo Steels Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Any other transaction | Other Payable | Refer Note | 1.13 | 1.14 | 1.14 | Textual Information(32) | ||||||||||
| 33 | Federated Steel Mills Limited | ZZZZZ9999Z | Far East Steel Industries Limited | YYYYY9999Y | Entities with joint control or significant influence over entity | Any other transaction | Other Receivable | Refer Note | 1.9 | 67.63 | 25.22 | Textual Information(33) | ||||||||||
| Total value of transaction during the reporting period | 4412.26 | |||||||||||||||||||||
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| Textual Information(14) | Advance has been given as per Company's General Policy relating to Employees and the same has been repaid on monthly basis. | |
| Textual Information(15) | Advance has been given as per Company's General Policy relating to Employees. | |
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| Textual Information(23) | The approval of Audit Committee has been taken for the above-mentioned RPTs wherever applicable and accordingly reported. | |
| Textual Information(24) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
| Textual Information(25) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
| Textual Information(26) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
| Textual Information(27) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
| Textual Information(28) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
| Textual Information(29) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
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| Textual Information(31) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
| Textual Information(32) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |
| Textual Information(33) | Pursuant to Regulation 23(2) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a Related Party Transaction for which the Subsidiary of the Listed Entity is a Party and the Listed Entity is not a Party, Prior approval of the Audit Committee is not required, if value of such transaction does not exceeds 10% of the last Standalone Audited Financial Statements of the Subsidiary. The disclosures which has been submitted in the Related Party Statement are for the purposee of compliance only. | |