PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

120 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) c) Outstanding balances Particulars Subsidiaries and Associates Enterprises owned by key management personnel or their relatives Key Management Personnel and their relatives March 31, 2021 March 31, 2020 (Restated) March 31, 2021 March 31, 2020 (Restated) March 31, 2021 March 31, 2020 (Restated) Receivables/Other assets Privi Organics USA Corporation 4,783.22 3,355.87 – – – – Vivira chemicals Industries – – 0.51 0.51 Mm Infra & Leasing Private Limited – – 351.00 – – – Privi Life Science Private Limited – – 52.51 115.35 – – Minar Organics Pvt Ltd – – 225.09 – – – Moneymart Securities Pvt Ltd. – – – 300.00 – – Prasad Organics Pvt Ltd – – 792.15 – – – Vivira Chemicals Pvt. Ltd. – – 175.06 – – – Privi Biotechnologies Pvt Ltd 25.00 27.54 – – – – Investments Privi Organics USA Corporation 30.61 30.61 – – – Privi Biotechnologies Pvt Ltd 4,271.70 4,271.70 – – – – Trade Payables Privi Biotechnologies Pvt Ltd 129.16 9.60 – – – Privi Life Science Pvt Ltd – – 21.06 2.25 – – Prasad Organics Pvt Ltd – – 412.51 – – – Vivira Chemicals Pvt. Limited – – 0.93 – – – Minar Organics Pvt Ltd – – 1.16 – – – Privi Organics USA Corporation 1,591.78 1,588.85 – – – – Payable to Key Management Personal Mr. Mahesh P Babani (*) – – – – 24.83 18.54 Mr. D. B. Rao (*) – – – – 7.05 12.26 Relatives of Key Management Personnel – – – – Mr. D. Vinaykumar (**) – – – – 0.54 0.54 ** Remuneration Net of Tax Deducted at Source and includes short term benefit ** Remuneration Net of Tax Deducted at Source and includes short term benefit and post employment benefit 31 Employee benefits – Post-employment benefit plans a) Defined contribution plans The Company makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying employees towards Provident Fund, and ESIC which are defined contribution plans. The Company has no obligations other than to make the specified contributions. The contributions are charged to statement of profit and loss as they accrue. The Company has recognised the following amount as an expense and included in the Note 25 under “Contribution to provident & other funds”. Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) Contribution to employees provident fund 287.39 265.92 Contribution to ESIC 5.40 8.39 NOTES TO THE STANDALONE FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs) 30 Related party disclosures (continued)