General information about company
Name of The Company	Sharda Motor Industries Limited
BSE Scrip Code	535602
NSE Symbol	SHARDAMOTR
MSE Symbol	NOTLISTED
Date of Start of Financial Year	01-04-2023
Date of End of Financial Year	31-03-2024
Reporting Period	First half yearly
Date of Start of Reporting Period	01-04-2023
Date of End of Reporting Period	30-09-2023
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)

Sharda Motor Indusries Limited

AAACS6855J

Exhaust Technologies Private Limited

AAFCE4217R

Joint Venture

Sale of goods or services

11000

On Arm’s length basis/ Fair Market Price.

2.64

45.22

48.6

Textual Information(1)

Sharda Motor Indusries Limited

AAACS6855J

Exhaust Technologies Private Limited

AAFCE4217R

Joint Venture

Purchase of goods or services

11000

On Arm’s length basis/ Fair Market Price.

6.64

36.59

43.22

Textual Information(2)

Sharda Motor Indusries Limited

AAACS6855J

Uddipt Mobility India Private Limited

AACCU8174C

Subsidiary

Any other transaction

Balance Recoverable

9000

On Arm’s length basis/ Fair Market Price.

2.17

3.41

Textual Information(3)

Sharda Motor Indusries Limited

AAACS6855J

Sharda CSR Foundation

AAQTS7967J

Enterprise in which, directors having substantial Interest

Any other transaction

CSR Amount Paid

2% of the net profit of the Company and hence exact amoount not specified in omnibus approval

Textual Information(4)

Sharda Motor Indusries Limited

AAACS6855J

Ajay Relan

AAEPR4256P

Key Managerial Personnal

Remuneration

As per the NRC policy the company and necessary approvals by NRC, Board or shareholders, from time to time

486.37

120.17

176.23

Textual Information(5)

Sharda Motor Indusries Limited

AAACS6855J

Aashim Relan

AIBPA1875G

Key Managerial Personnal

Remuneration

As per the NRC policy the company and necessary approvals by NRC, Board or shareholders, from time to time

72.3

0.17

12.87

Textual Information(6)

Sharda Motor Indusries Limited

AAACS6855J

Nitin Vishnoi

AAYPV5238R

Key Managerial Personnal

Remuneration

As per the NRC policy the company and necessary approvals by NRC, Board or shareholders, from time to time

34.07

4.22

7.3

Textual Information(7)

Sharda Motor Indusries Limited

AAACS6855J

Mala Relan

AAGPR9096P

Relative of Key Managerial Personnel

Remuneration

As per the NRC policy the company and necessary approvals by NRC, Board or shareholders, from time to time

7.68

0.17

0.96

Textual Information(8)

Sharda Motor Indusries Limited

AAACS6855J

Kishan Nagin Parikh

ABWPP6531A

Non-Executive Independent Director

Any other transaction

Sitting fee for attending Board and Committee Meeting

upto a maximum of Rs. 1 Lakh for each Meeting

3.6

Textual Information(9)

Sharda Motor Indusries Limited

AAACS6855J

Ashok Kumar Bhattacharya

APUPB7542R

Non-Executive Independent Director

Any other transaction

Sitting fee for attending Board and Committee Meeting

upto a maximum of Rs. 1 Lakh for each Meeting

3.6

Textual Information(10)

Sharda Motor Indusries Limited

AAACS6855J

Udayan Banerjee

AAHPB3641F

Non-Executive Independent Director

Any other transaction

Sitting fee for attending Board and Committee Meeting

upto a maximum of Rs. 1 Lakh for each Meeting

3.6

Textual Information(11)

Sharda Motor Indusries Limited

AAACS6855J

Sarita Dhuper

AAIPD0761D

Non-Executive Independent Director

Any other transaction

Sitting fee for attending Board and Committee Meeting

upto a maximum of Rs. 1 Lakh for each Meeting

1.5

Textual Information(12)

Sharda Motor Indusries Limited

AAACS6855J

Puru Aggarwal

AAAPA1161C

Key Managerial Personnel

Remuneration

As per the NRC policy the company and necessary approvals by NRC, Board or shareholders, from time to time

123.8

40.8

52.92

Textual Information(13)

Sharda Motor Indusries Limited

AAACS6855J

Ajay Relan

AAEPR4256P

Key Managerial Personnel

Dividend paid

As per Shareholding in the Company and hence no amount specified by Audit Committee

3000.04

Textual Information(14)

Sharda Motor Indusries Limited

AAACS6855J

Aashim Relan

AIBPA1875G

Relative of Key Managerial Personnel

Dividend paid

As per Shareholding in the Company and hence no amount specified by Audit Committee

262.88

Textual Information(15)

Sharda Motor Indusries Limited

AAACS6855J

Mala Relan

AAGPR9096P

Relative of Key Managerial Personnel

Dividend paid

As per Shareholding in the Company and hence no amount specified by Audit Committee

449.73

Textual Information(16)

Sharda Motor Indusries Limited

AAACS6855J

Aashita Relan

AHBPR5634H

Relative of Key Managerial Personnel

Dividend paid

As per Shareholding in the Company and hence no amount specified by Audit Committee

16.21

Textual Information(17)

Sharda Motor Indusries Limited

AAACS6855J

Puru Aggarwal

AAAPA1161C

Key Managerial Personnel

Any other transaction

Reimbursement of Expenses

As per the NRC policy the company and necessary approvals by NRC, Board or shareholders, from time to time

9.52

Textual Information(18)

Sharda Motor Indusries Limited

AAACS6855J

Indira Chowdhary

AAFPC2366L

Relative of Key Managerial Personnel

Dividend paid

As per Shareholding in the Company and hence no amount specified by Audit Committee

4.58

Textual Information(19)

Total value of transaction during the reporting period

4509.76

General information about company

Related party transactions