General information about company

Name of The CompanyINDIA GLYCOLS LIMITED
BSE Scrip Code500201
NSE SymbolINDIAGLYCO
MSE SymbolNA
Date of Start of Financial Year01-04-2021
Date of End of Financial Year31-03-2022
Reporting PeriodFirst half yearly
Date of Start of Reporting Period01-04-2021
Date of End of Reporting Period30-09-2021
Level of rounding used in financial resultsLakhs
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes



Related party transactions

A. Details of related party

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Name of the related partyShakumbari Sugar and Allied Industries LimitedIGL Finance Limited IGL CHEM INTERNATIONAL PTE LTDIGL CHEM INTERNATIONAL LLC, USAAjay Commercial Co. (P) Ltd.J.B. Commercial Co. (P) Ltd.Kashipur Holdings LimitedPolylink Polymers (India) Ltd.J Boseck & Co. (P) Ltd.Hindustan Wires Limited IGL Infrastructure Pvt. Ltd.KHAITAN & CO LLPKashipur Infrastructure & Freight Terminal Pvt. Ltd.CLARIANT IGL SPECIALTY CHEMICALS PRIVATE LIMITEDUma Shankar Bhartia PRAGYA BHARTIA BARWALESUDHIR AGARWALRUPARK SARSWATAnand SinghalAnand Singhal HUFANKUR JAIN SUKHVARSHA DISTRIBUTORS PVT. LTD. SUPREET VYAPAAR PRIVATE LTD.FACIT COMMOSALES PRIVATE LIMITED LUND & BLOCKLEY PVT. LTD. JAYSHREE BHARTIA POOJA JHAVER EXECUTORS TO THE ESTATE OF LATE SAJANI DEVI BHARTIA JAGMOHAN N.KEJRIWALJITENDER BALAKRISHNANPRADIP KUMAR KHAITANRAVI JHUNJHUNWALASAJEVE BHUSHAN DEORASHUKLA WASSANIGL CHEMICALS AND SERVICES PRIVATE LIMITED
Categories of related partiesSubsidiariesSubsidiariesSubsidiariesSubsidiariesPromoters GroupPromoters GroupPromotersOther related partyPromoters GroupPromoters GroupOther related partyOther related partyJoint ventures where entity is venturerJoint ventures where entity is venturerKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentOther related partyKey management personnel of entity or parentPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupOther related partyOther related partyOther related partyOther related partyOther related partyOther related partySubsidiaries
description of relationshipSubsidiary CompanySubsidiary CompanyForeign Subsidiary CompanyForeign Subsidiary CompanyPromoter Group EntityPromoter Group EntityPromoter CompanyEnterprises over which KMP have significant influencePromoter Group EntityPromoter Group EntityEnterprises over which KMP have significant influenceEnterprises over which Director have significant influenceJoint VentureJoint VentureChairman & Managing Director (Promoter Group)Executive Director (Promoter Group)Executive DirectorChief Executive OfficerChief Financial OfficerRelative of KMPCompany SecretaryPromoter Group EntityPromoter Group EntityPromoter Group EntityPromoter Group EntityNon-Executive DirectorPromoter GroupPromoter GroupIndependent DirectorIndependent DirectorIndependent DirectorIndependent DirectorIndependent DirectorIndependent DirectorSubsidiary Company
PAN of related party
CIN of related partyU15429UP1994PLC016271U65922UR1997PLC022992U51909WB1980PTC033027U51909WB1980PTC033099U67120UR1996PLC020938L17299GJ1993PLC032905U36911WB1922PTC004431U27106WB1959PLC024177U70102UP2014PTC066539U60200DL2011PTC227307U24290UR2020PTC011365U51909WB1995PTC074903U51109WB1995PTC068498U51909WB1995PTC071770 U33300MH1937PTC002640U24200UR2021PTC012141

B. Details of related party transactions

Purchase of goods and services3.6021118173.36
Sale of goods and services969.71893982.76602110.311460.0610971.58
Purchase of fixed assets
Sale of fixed assets
Rendering of services
Receiving of services235.582.9452.9453.80013519.36203.5512
Leases 4.5
Loans and advances given
Loans and advances taken150400
Loans and advances given that are repaid
Loans and advances taken that are repaid23025
Deposits placed 100100
Deposits taken
Transfer of research & development
Transfers under lease agreement
Equity investment
Impairment in equity investment
Expense for bad or doubtful debts
Guarantees or collateral given
Guarantees or collateral taken
Interest income261.08
Interest paid39.5838.3584.54
Dividend income
Dividend paid36.675358.6749708.5083251.864063.926.923320.01821.712516.073763.471180.0313.740185.85552126.01494
Management contracts including for deputation of employees
Settlement of liabilities by entity on behalf of related party

Remuneration

Short term employee benefits246.9989251.3679825.0832677.5780129.8918118.10962
Post employment benefits28.862.543767.766162.030461.42608
Other long-term benefits0.28924
Termination benefits
Share based payments
Others0.84264.73565.767091.31.31.62.72.52.21.1

C. Outstanding balances

Receivables

Secured
Un Secured28.99159.66986740.699229.311.360922.0096762.830722193.430610.14834

Payables

Secured
Un Secured00.0128219.145387.53157.9974859.350870.031511.217480.7350.10174

Loans and advances given

Secured
Un Secured6013.18213761.64

Loans and advances taken

Secured
Un Secured720888.352000

Deposits placed

Secured
Un Secured340340583.85314500

Deposits taken

Secured
Un Secured

Guarantees or collateral given

Secured
Un Secured

Guarantees or collateral taken

Secured
Un Secured

Investment in equity

Secured
Un Secured5427.555027.411272704.3311

Provision for doubtful debt

Secured
Un Secured5427.512269.71

Note

Ajay Commercial Co. (P) Ltd.:
Note:
Amount of Rs. 100 lakhs mentioned in heading "deposit" is towards security deposit in relation to lease agreement.
J.B. Commercial Co. (P) Ltd.:
Note:
Amount of Rs. 100 lakhs mentioned in heading "deposit" is towards security deposit in relation to lease agreement.
Hindustan Wires Limited:
Others represents following:
1. Reimbursement of Expenses made: Rs. 0.84 lakhs.
IGL Infrastructure Pvt. Ltd.:
Others represents following:
1. Reimbursement of Expenses received: Rs. 4.74 lakhs.
Kashipur Infrastructure & Freight Terminal Private Limited:
Others represents following:
1. Reimbursement of Expenses received: Rs. 5.77 lakhs.
Smt. Jayshree Bhartia:
Others represents following:
1. Sitting fee: Rs. 1.30 lakhs.
Shri Jagmohan N. Kejriwal:
Others represents following:
1. Sitting fee: Rs. 1.30 lakhs.
Shri Jitender Balakrishnan:
Others represents following:
1. Sitting fee: Rs. 1.60 lakhs.
Shri Pradip Kumar Khaitan:
Others represents following:
1. Sitting fee: Rs. 2.70 lakhs.
Shri Ravi Jhunjhunwala:
Others represents following:
1. Sitting fee: Rs. 2.50 lakhs.
Shri Sajeve Bhushan Deora:
Others represents following:
1. Sitting fee: Rs. 2.20 lakhs.
Smt. Shukla Wassan:
Others represents following:
1. Sitting fee: Rs. 1.10 lakhs.