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Mahindra Lifespace Developers Ltd. Regulatory Filings 2022
62304_rns_2022-05-11_d3c401c4-8dc2-4342-b0de-5d1db5cb7fa8.pdf
Regulatory Filings
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May 11, 2022
| BSE Limited | National Stock Exchange of India Limited |
|---|---|
| Corporate Services, | Exchange Plaza, |
| Piroze Jeejeebhoy Towers, | Bandra Kurla Complex, |
| Dalal Street, Mumbai – 400 001 | Bandra (East), Mumbai 400051 |
| Listing: http://listing.bseindia.com | Listing: https://www.connect2nse.com/LISTING/ |
Re:
| Security | BSE | NSE | ISIN |
|---|---|---|---|
| Equity Shares | 532313 | MAHLIFE | INE813A01018 |
Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In compliance with Regulation 23(9) of the Listing Regulations, please find enclosed herewith the disclosure of Related Party Transactions for the half year ended March 31, 2022, on consolidated basis, in the format specified by the SEBI vide circular SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021.
This intimation is also being uploaded on the Company's website https://www.mahindralifespaces.com/.
Kindly take the above on record and acknowledge receipt of the same.
For Mahindra Lifespace Developers Limited
Ankit Shah Assistant Company Secretary & Compliance Officer ACS 26552
Related party transactions for Half Year from 01st October 2021 to 31st March 2022
TOURNEY
Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, intercorporate 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. Value of the Value of In case monies are In case any financial indebtedness Details of the loans, inter-corporate deposits, advances or S. No Details of the party (listed) Details of the counterparty Type of related related transaction due to either party is incurred to make or give loans, investments entity as a result of the Inter-corporate deposits, advances /subsidiary) party during the party transaction or investments entering into transaction transaction reporting the as approved period by the audit transaction committee Name PAN Name PAN Relationship Opening Closing Nature of Cost Tenure Natur of the balance balance indebtedness (loan) (loan/ advanc counterparty issuance of Interwith the listed entity or its debt/ any corpora subsidiary other etc.) deposit investm Mahindra & Mahindra Rendering of 800.00 185.99 64.04 51.99 NA NA NA NA Mahindra Lifespace Holding Company $\mathbf{1}$ Developers Limited Limited services 161.93 27.97 NA NA NA NA 400.00 Mahindra & Mahindra $\overline{2}$ Mahindra Lifespace Holding Company Receiving of Limited Services Developers Limited 105.46 NA NA $\overline{3}$ Mahindra Lifespace Mahindra & Mahindra Holding Company Reimbursement 600.00 211.51 36.23 NA NA Developers Limited Limited made to parties 11.00 9.57 11.30 NA NA NA NA $\overline{4}$ Mahindra & Mahindra Holding Company Purchase of Fixed Mahindra Lifespace Limited Developers Limited Assets Mahindra & Mahindra Security Deposit NA 540.08 540.08 NA NA NA NA $\overline{\mathbf{5}}$ Mahindra Lifespace Holding Company Limited Received Developers Limited Mahindra & Mahindra NA 2,000.00 2,000.00 NA NA NA NA $6\overline{6}$ Holding Company Contractual Mahindra Lifespace Limited Developers Limited Advance 0.86 0.93 NA NA NA $1.00$ NA Wholly Owned $\overline{7}$ Mahindra Lifespace Mahindra Rendering of services Developers Limited Infrastructure Subsidiary Developers Limited Mahindra Lifespace Rendering of 1.00 0.90 0.97 NA NA NA NA Wholly Owned $\overline{\mathbf{8}}$ Knowledge Township Developers Limited Subsidiary Limited services NA 472.00 472.00 NA NA NA NA $\circ$ Mahindra Lifespace Knowledge Township Wholly Owned Inter Corporate Subsidiary Deposit Given Developers Limited Limited $10$ 300,00 18.12 25.91 42.22 NA NA NA NA Mahindra Lifespace Knowledge Township Wholly Owned Interest Income Developers Limited Limited Subsidiary 50.00 NA $11$ Mahindra Lifespace Mahindra Bloomdale Wholly Owned Reimbursement 14.95 7.86 12.78 NA NA NA Developers Limited Developers Limited Subsidiary received from parties 4,200.00 3,394.53 6,544.53 $12$ Mahindra Lifespace Mahindra Bloomdale Wholly Owned inter-corporate NA Inter corporate 7.40% 60 months Inter corp Developers Limited Developers Limited Subsidiary Deposit Given deposit $p.a$ depos NA NA NA NA NA Mahindra Bloomdale 1,050.00 13 Mahindra Lifespace Wholly Owned Inter-corporate Developers Limited Denosit Realised Developers Limited Subsidiary 500.00 114.08 408.68 383.78 NA NA Mahindra Bloomdale Wholly Owned NA NA 14 Mahindra Lifespace Interest Income Developers Limited Subsidiary Developers Limited 75.00 24.59 10.20 21.76 NA NA NA NA 15 Mahindra Lifespace Mahindra Integrated Subsidiary Reimbursement received from Developers Limited Township Limited parties 16 Mahindra Lifespace Mahindra Residential Subsidiary Reimbursement 10.00 $3.81$ 2.00 $3.26$ NA NA NA NA Developers Limited Developers Limited received from parties 20.00 6.00 743.70 749.70 Inter corp 17 Mahindra Lifespace Mahindra World City Wholly Owned Inter-corporate Inter corporate 7.40% 60 months Developers Limited (Maharashtra) Limited Subsidiary Deposit Given deposit p.a depos
(₹ in lakh)
| 9 9/ |
Interest Rate $(*)$ |
Tenure | Secured/ unsecured |
Purpose for which the funds will be |
|---|---|---|---|---|
| te $\cdot$ ent |
utilised by the ultimate recipient of funds (end- usage) |
|||
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| t | prate 7.70% p.a | 60 months | unsecured | Working capital requirements |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| NA | NA | NA | NA | |
| t | prate 7.70% p.a 60 months | unsecured | Working capital requirements |
| S.No | Details of the party (listed entity /subsidiary) entering Into the transaction |
Details of the counterparty ' |
Type of related 11 party transaction |
Value of the related party transaction as approved by the audit |
Value of transaction during the reporting period |
In case monies are due to either party as a result of the transaction 1: |
In case any financial Indebtedness Is Incurred to make or Blve loans, Inter-corporate deposits, advances or Investments |
Details of the loans, Inter-corporate deposits, advances or II Investment& |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN II I |
Name '1 |
PAN | Relationship of the counterparty with the listed entity or Its subsidiary I |
committee | I I |
Opening balance ' .I I I I |
Closing balance ! : |
Nature of Indebtedness lloan/ Issuance of debt/any other etc.) |
Cost I |
Tenure | Nature (loan/ advanc#/ Inter• corporate deposit/ Investment |
Interest Rate (") I |
Tenure I I |
Secured/ unsecured I I |
Purpose for which the funds will be utlllsed I by the ultfmate I recipient of funds (end usa1e) |
|||
| 18 | Mahindra Ufespace Developers Limited |
Mahindra World City (M;JiJtarashtra) Limited |
Wholly Owned Subsidiary |
Interest Income | 75.00 | 28.71 | 477.24 | 500.25 | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 19 | Mahindra L{fespace Developers Limited |
Oeepmangal 0ev11topers Private ,,,. |
Subsidiary | Inter-corporate Deposit Given |
100.00 | 12.00 | 182.14 | 194.14 Inter corporate deposit |
7.40% p.a |
60 months Inter corporate 7.70%p.a GO months deposit |
unsecured | Working capital requirements |
|||||||
| 20 | Mahindra Llfespace Developers Limited |
Deepmangal Developers Private ,,,. |
Subsidiary 11 |
Interest Income | 20.00 | 7.30 | 21.81 | 27.74 | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 21 | Mahindra Llfespace Developers Limited |
Deepmangal Developers Private ',,. |
Subsidiary | Receivables | NA | 180.60 | 180.60 | NA | NA | NA | NA | NA | NA | NA | NA | ||||
| 22 | Mahindra Llfespace Developers Limited |
Moonshine Construction Private ··-·•--' |
Subsidiary | Interest Income | 0.50 | 0.08 | 0.59 | 0.66 | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 23 | Mahindra Llfespace Developers Limited |
Moonshine construction Private ,,,. |
Subsidiary | Inter corporate Deposit Given |
NA | 2.00 | 2.00 | NA | NA | NA | NA | NA | NA | NA | NA | ||||
| 24 | Mahindra Llfespace Developers Limited |
Rathna Bhooml Enterprises Private I 1-1•--' |
Subsidiary | Interest Income | o.so | 0.16 | 0.64 | 0.78 | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 25 | Mahindra Llfespace Developers Limited |
Rathna Bhooml Enterprises Private ,,,. |
:1 Subsidiary | Inter Corporate Deposit Given |
NA | 4.05 | 4.05 | NA | NA | NA | NA | NA | NA | NA | NA | ||||
| 26 | Mahindra Llfespace Develoners Umlted |
Mahindra Homes Private Limited |
Joint Venture | Rendering of services |
1,000.00 | 21.19 | NA | NA | NA | NA NA |
NA NA |
NA NA |
NA NA |
NA NA |
|||||
| 27 | Mahindra Llfespace Develoners Limited |
Mahindra Homes Private Llmlt d |
Joint Venture | Reimbursement made to nartles |
100.00 | 45.39 | NA | NA | NA | ||||||||||
| 28 I |
Mahindra Llfespace Developers Limited |
Mahindra Homes Private Limited |
Joint Venture | Reimbursement received from n~ 1 |
200.00 | 73.53 | 204.07 | 45.34 | NA | NA | NA | NA | NA | NA I, |
NA | NA | |||
| 29 | Mahindra llfespace Develoners L1 1•.,,1 |
Mahindra Homes Private Limited |
Joint Venture | Buyback of Shares | 5,505.38 | 5,505.38 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 30 | Mahindra Llfespace Develoners L1-1ted |
Mahindra World City IJalnurl Limited |
Joint Venture | Rendering of services |
180.00 | 83.50 | 31.46 | 84.38 | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 31 | Mahindra Llfespace Developers Limited |
Mahindra World Clty (Jaipur) Limited |
Joint Venture | Reimbursement received from "~ , |
65.00 | 19.26 | 14.71 | NA | NA | NA | NA l |
NA | NA | NA I |
NA | ||||
| 32 | Mahindra Llfespace Develnners Limited |
Mahindra World City IJalnurl limited |
Joint Venture Dividend Received | NA | 2,220.00 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | ||||
| 33 | Mahindra Ufespace Developers Limited |
Mahindra World City Developers Limited |
Joint Venture | Reimbursement made to parties |
- 1.00 |
0.04 | 0.08 | NA | NA | NA | NA | NA | NA | NA | NA ~ |
||||
| 34 | Mahindra Llfespace Developers Limited |
Mahindra World City Developers Limited |
Joint Venture | Reimbursement received from -~ ·-· |
24.00 | 15.81 | 3.89 | 14.16 | NA | NA | NA | NA | NA | NA ' |
NA | NA | |||
| 35 | Mahindra Ufespace Developers limited |
Mahindra Happlnest Developers Limited |
Joint Venture - |
Reimbursement received from n~ 1 |
120.00 - |
24.53 | 9.46 I |
26.17 | NA | NA | NA | NA | NA | NA | NA | NA - |
| S. No | entity the transaction |
Details of the party (listed /subsidiary) entering into |
Details of the counterparty | Value of the related party transaction as approved by the audit |
Value of transaction during the reporting period committee |
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 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.) |
Cost | Tenure | Nature (loan/ advance/ inter- corporate deposit/ investment |
Interest Rate (96) |
Tenure | Secured/ unsecured |
Purpose for which the funds will be utilised by the ultimate recipient of funds (end- usage) |
||||
| 36 | Mahindra Lifespace Developers Limited |
Mahindra Industrial Park Private Limited |
Joint Venture | Reimbursement made to parties |
2.00 | 1.27 | NA | NA | NA | NA | NA | NA | NA | NA | ||||
| 37 | Mahindra Lifespace Developers Limited |
Mahindra Industrial Park Private Limited |
Joint Venture | Reimbursement received from parties |
18.00 | 4.99 | 3.89 | 4.01 | NA | NA | NA | NA | NA | NA | NA | NA | ||
| 38 | Mahindra Lifespace Developers Limited |
Mahindra Industrial Park Private Limited |
Joint Venture | Interest Income | 200.00 | 67.38 | 326.84 | 387.49 | NA | NA | NA | NA | NA | NA | NA | NA | ||
| 39 | Mahindra Lifespace Developers Limited |
Mahindra Industrial Park Private Limited |
Joint Venture | Inter Corporate Deposit Given |
NA | 1,755.00 | 1,755.00 | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 40 | Mahindra Lifespace Developers Limited |
Mahindra Industrial Park Chennal Limited |
Joint Venture | Reimbursement received from parties |
20.00 | 5.40 | 5.83 | 2.92 | NA | NA. | NA | NA | NA | NA | NA | NA | ||
| 41 | Mahindra Lifespace | Mr Arvind | Key Management | Managerial | NA | 163.78 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | ||
| Developers Limited | Subramanian | Personnel | Remuneration | NA | NA | NA | NA | NA | NA | NA | ||||||||
| 42 | Mahindra Lifespace Developers Limited |
Mr Arvind Subramanian |
Key Management Personnel |
Shares allotted under ESOP |
NA | 579.60 | NA | NA | NA | |||||||||
| 43 | Mahindra Lifespace Developers Limited |
Mahindra Integrated Business Solutions Private Limited |
Fellow Subsidiary | Receiving of Services |
200.00 | 63.71 | 6.83 | 22.09 | NA | NA | NA | NA | NA | NA | NA | NA | ||
| 44 | Mahindra Lifespace Developers Limited |
Mahindra Holidays & Resorts India Limited |
Fellow Subsidiary | Receiving of Services |
25.00 | 11.31 | 15.37 | 10.48 | NA | NA | NA | NA | NA | NA | NA | NA | ||
| 45 | Mahindra Lifespace Developers Limited |
NBS International Ltd | Fellow Subsidiary | Receiving of Services |
10.00 | $1.02$ | 0.28 | 0.03 | NA | NA | NA | NA | NA | NA | NA | NA | ||
| 46 | Mahindra Lifespace Developers Limited |
Mahindra & Mahindra Contech Limited |
Fellow Subsidiary | Reimbursement made to parties |
10.00 | 2.99 | $1.25$ | 0.59 | NA | NA | NA | NA | NA | NA | NA | NA | ||
| 47 | Mahindra Lifespace Developers Limited |
Ameet Pratapsinh Harlani |
Independent Director |
Directors Sitting Fees |
NA | 9.30 | NA | NA | NA | NA | NA | NA | NA | NA | ||||
| 48 | Mahindra Lifespace Developers Limited |
Amrita V Chowdhury | Independent Director |
Directors Sitting Fees |
NA | 8.40 | NA | NA | NA | NA | NA | NA | NA | NA | ||||
| 49 | Mahindra Lifespace Developers Limited |
Arun Kumar Nanda | Director | Directors Sitting Fees |
NA | 8.30 | $\bullet$ | NA | NA | NA | NA | NA | NA | NA | NA | |||
| 50 | Mahindra Lifespace Developers Limited |
Mahindra EPC Irrigation Industries Limited |
Fellow Subsidiary | Payable | NA | 2.68 | 2.68 | NA | NA | NA | NA | NA | NA | NA | NA | |||
| TOTAL | 14,986.64 |
For and on behalf of the Board of Directors of Mahindra Lifespace Developers Limited
ller Vimal Agerwal
Chief Financial Officer
MARIA
