General information about company

Name of The CompanyJK TYRE & INDUSTRIES LIMITED
BSE Scrip Code530007
NSE SymbolJKTYRE
MSE SymbolNOTLISTED
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 resultsCrores
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 partyBENGAL & ASSAM COMPANY LTDJK AGRI GENETICS LTD. JK FENNER (INDIA) LTD.HARI SHANKAR SINGHANIA ELASTOMER AND TYRE RESEARCH INSTITUTEVALIANT PACIFIC LLCWESTERN TIRES INCTreel Mobility Solutions Private Limited JK LAKSHMI CEMENT LTD. JK PAPER LTDJK Tyre & Industries Ltd. Employees Provident Fund Optional Scheme, KolkataJK Tyre & Industries Ltd. Officers Superannuation Fund, KolkataJK Tyre & Industries Ltd. Employees Gratuity Fund, KolkataJK Tyre & Industries Ltd. Employees Provident Fund Trust, MysuruJK Tyre & Industries Ltd. Officers Superannuation Fund Trust, MysuruJK Tyre & Industries Ltd. Employees Gratuity Fund Trust, MysuruCIL Employees Gratuity Fund, Kolkata NIYOJIT PROPERTIES PVT. LTD.CMDSSh. Raghupati SinghaniaSh. Bharat Hari SinghaniaSh. Anshuman Singhania Sh. Arun Kumar Bajoria Sh. Sanjeev AggarwalSh. Pawan Kumar RustagiSh. Ashok Kumar KinraDr. Wolfgang HolzbachSh. Vimal BhandariSh. Kalpataru TripathySh. Shreekant SomanyShrimati Sunanda SinghaniaSh. Bakul JainSh. Arvind Singh MewarShrimati Meera Shankar
Categories of related partiesParentSubsidiariesSubsidiariesAssociatesAssociatesAssociatesAssociatesAssociatesAssociatesOther related partyOther related partyOther related partyOther related partyOther related partyOther related partyOther related partyOther related partyOther related partyKey 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 parentKey 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 parentKey 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 parent
description of relationshipHolding CompanyFellow SubsidiaryFellow SubsidiaryAssociateAssociateAssociateAssociateAssociateAssociatePost-Employment Benefit Plans EntitiesPost-Employment Benefit Plans EntitiesPost-Employment Benefit Plans EntitiesPost-Employment Benefit Plans EntitiesPost-Employment Benefit Plans EntitiesPost-Employment Benefit Plans EntitiesPost-Employment Benefit Plans EntitiesControlled by KMP of Parent CompanyControlled by KMPChairman & Managing DirectorManaging DirectorManaging DirectorDirector & Presient- International OperationsChief Financial OfficerVice President (Legal) & Co. SecetaryNon- Executive Director of Holding CompanyIndependent DirectorIndependent DirectorIndependent DirectorIndependent DirectorNon- Executive Non-Independent DirectorIndependent DirectorIndependent DirectorIndependent Director
PAN of related party
CIN of related partyL67120WB1947PLC221402L01400WB2000PLC091286U24231TN1992PLC062306U73100RJ1991NPL006245U72900PN2018PTC175996L74999RJ1938PLC019511L21010GJ1960PLC018099U74899DL1989PTC035595

B. Details of related party transactions

Purchase of goods and services0.012.454.890.15
Sale of goods and services157.5368.630.130.05
Purchase of fixed assets
Sale of fixed assets
Rendering of services0.010.040.442.040.370.45
Receiving of services0.3818.630.100.240.050.270.02
Leases 8.18
Loans and advances given
Loans and advances taken
Loans and advances given that are repaid
Loans and advances taken that are repaid0.77
Deposits placed
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 income1.57
Interest paid0.01
Dividend income
Dividend paid
Management contracts including for deputation of employees
Settlement of liabilities by entity on behalf of related party

Remuneration

Short term employee benefits4.161.982.712.251.160.751.72
Post employment benefits0.040.040.040.040.050.03
Other long-term benefits
Termination benefits
Share based payments
Others3.410.344.1210.40.110.37-0.950.010.010.020.030.020.010.030.030.01

C. Outstanding balances

Receivables

Secured
Un Secured0.660.0333.917.51229.6432.255.270.54

Payables

Secured
Un Secured6.770.70.343.960.230.0210.18

Loans and advances given

Secured
Un Secured

Loans and advances taken

Secured
Un Secured

Deposits placed

Secured
Un Secured

Deposits taken

Secured
Un Secured

Guarantees or collateral given

Secured
Un Secured

Guarantees or collateral taken

Secured
Un Secured

Investment in equity

Secured
Un Secured

Provision for doubtful debt

Secured
Un Secured

Note

General Note to the Disclosure:

The deposits received from the related parties pursuant to a Scheme of Public Deposits under Section 76 of the Companies Act, 2013 and the rules thereunder, the terms of which are uniformly applicable to the public at large/ all the shareholders, have not been considered as related party transactions, since the Scheme is widely published and no extra benefits accrue or given to the related parties than what is given or accrue to the public at large/ all the shareholders.

HARI SHANKAR SINGHANIA ELASTOMER AND TYRE RESEARCH INSTITUTE
Receivable:
Advance against supply - Rs. 17.51 crs
Trade Receivable - Rs.34602
Treel - Receiving of Services- Rs. 23088
JK Tyre & Industries Ltd. Employees Provident Fund Optional Scheme, Kolkata - Others includes 'Contribution to Trusts'
JK Tyre & Industries Ltd. Officers Superannuation Fund, Kolkata - Others includes 'Contribution to Trusts'
JK Tyre & Industries Ltd. Employees Gratuity Fund, Kolkata - Others includes 'Contribution to Trusts'
JK Tyre & Industries Ltd. Employees Provident Fund Trust, Mysuru - Others includes 'Contribution to Trusts'
JK Tyre & Industries Ltd. Officers Superannuation Fund Trust, Mysuru - Others includes 'Contribution to Trusts'
JK Tyre & Industries Ltd. Employees Gratuity Fund Trust, Mysuru - Others includes 'Contribution to Trusts'
CIL Employees Gratuity Fund, Kolkata - Others includes 'Contribution to Trusts'