General information about company

Name of The CompanyDeep Industries Ltd
BSE Scrip Code543288
NSE SymbolDEEPINDS
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

Sr123456789101112131415161718
Name of the related partyMr. Paras SavlaMr. Rupesh SavlaMrs. Mita Manoj SavlaMrs. Priti Paras SavlaMr. Dharen SavlaMrs. Avani Dharen SavlaKantilal Velji Savla & OthersMrs. Shital Rupesh SavlaDeep Onshore Drilling Services Private limited Deep Onshore Services Private LimitedRaas Equipment Private LimitedDeep International DMCCDr. Kirit ShelatMr. Hemendrakumar ShahMrs. Shaily DedhiaMrs. Renuka UpadhyayMr. Rohan ShahMs. Roshni Shah
Categories of related partiesPromotersPromotersPromoters GroupPromoters GroupPromoters GroupPromoters GroupOther related partyPromoters GroupSubsidiariesSubsidiariesSubsidiariesSubsidiariesOther related partyOther related partyOther related partyOther related partyKey management personnel of entity or parentKey management personnel of entity or parent
description of relationshipChairman and Managing Director (KMP) and PromoterManaging Director (KMP) and PromoterPart of Promoter Group Part of Promoter Group and relatives of key managerial personnelWhole Time Director upto 24 June, 2021 and Part of Promoter Group and relatives of key managerial personnelPart of Promoter Group Other related partiesPart of Promoter Group and relatives of key managerial personnelSubsidiaryWholly Owned SubsidiarySubsidiaryWholly Owned SubsidiaryIndependent DirectorIndependent DirectorIndependent Director w.e.f. 24 June, 2021Independent Director upto 11 May, 2021Whole Time Director (Finance) w.e.f. 24 June, 2021 and Chief Financial OfficerCompany Secretary and Compliance Officer
PAN of related partyAADPS0170NAACPS6257PAADPS0167PAADPS0168CAADPS0172QAKGPS1637KAAATK3431HADHPK2176RAAFCD7738NAAHCD7919HAAKCR2103EZZZZZ9999ZADSPS7396AADRPS5093FAFHPG0275KAAZPU7698HAYDPS2254HDABPS5644L
CIN of related partyU11200GJ2016PTC092985U11100GJ2020PTC114115U29308GJ2020PTC113972

B. Details of related party transactions

Purchase of goods and services
Sale of goods and services16.1732287.83647
Purchase of fixed assets222.6
Sale of fixed assets
Rendering of services
Receiving of services
Leases 20.8481414.0605814.0605813.879141.2523520.84814
Loans and advances given0.22725
Loans and advances taken
Loans and advances given that are repaid143.01886427.52634
Loans and advances taken that are repaid
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 given1725
Guarantees or collateral taken
Interest income2.40137
Interest paid
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 benefits
Post employment benefits
Other long-term benefits
Termination benefits
Share based payments
Others22.764692111.06532.10.60.60.40.28.48072.50002

C. Outstanding balances

Receivables

Secured
Un Secured0.1688813.98685

Payables

Secured
Un Secured

Loans and advances given

Secured
Un Secured0.22725848.577160.60228

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 Secured0.740.1150.088.9

Provision for doubtful debt

Secured
Un Secured

Note

The Company has invested in the equity shares of Raas Equipment Private limited to the tune of Rs.8000/- i.e 800 equity shares of Rs.10/- each and Rs.1,50,00,000/- in preference shares of the said company i.e 15,00,000 preference shares of Rs.10/- each.Thus the total amount invested by the company in Raas Equipment Private Limited stands to Rs.1,50,08,000/- (Rs. 150.08 Lac).