General information about company

Name of The CompanyAGRO TECH FOODS LIMITED
BSE Scrip Code500215
NSE SymbolATFL
MSE SymbolNOTLISTED
Date of Start of Financial Year01-04-2022
Date of End of Financial Year31-3-2023
Reporting PeriodFirst half yearly
Date of Start of Reporting Period01-04-2022
Date of End of Reporting Period30-09-2022
Level of rounding to be used in disclosing related party transactionsMillions
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/publicNA
(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 transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investmentsNotes
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment )Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1Agro Tech Foods LimitedAAECA0303MSundrop Foods India Private LimitedAAACH2683KsubsidiaryAny other transactionDistribution services received300081.1177.7589.22Textual Information(1)
2Agro Tech Foods LimitedAAECA0303MSundrop Foods India Private LimitedAAACH2683KsubsidiaryAny other transactionCross-charge income2001.640.870.89Textual Information(2)
3Agro Tech Foods LimitedAAECA0303MAgro Tech Foods (Bangladesh) Pvt. Ltd.ZZZZZ9999ZsubsidiaryPurchase of goods or services800010.4803.27Textual Information(3)
4Agro Tech Foods LimitedAAECA0303MConagra Foods RDM, Inc.AAJCC4169JFellow Subsidiary CompanyAny other transactionRoyalty*150040.551131.09Textual Information(4)
5Agro Tech Foods LimitedAAECA0303MCAG Tech (Mauritius) LimitedAACCC9344CHolding CompanyDividend paid37.85037.8500Textual Information(5)
6Agro Tech Foods LimitedAAECA0303MMr. Sachin GopalAAPPG5042BKey Management Personnel Remuneration8.3308.335.141.71Textual Information(6)
7Agro Tech Foods LimitedAAECA0303MMr. K P N SrinivasARWPK3739KKey Management Personnel Remuneration2.3102.310.450.16Textual Information(7)
8Agro Tech Foods LimitedAAECA0303MMs. Jyoti Chawla AIAPA1497KKey Management Personnel Remuneration1.7901.790.150.08Textual Information(8)
9Agro Tech Foods LimitedAAECA0303MLt. Gen. D.B. SinghANAPS8488DKey Management Personnel Any other transactionSitting fees and commission to independent directors0.7200.720.740.47Textual Information(9)
10Agro Tech Foods LimitedAAECA0303MMr. Sanjaya KulkarniAAEPK5942RKey Management Personnel Any other transactionSitting fees and commission to independent directors0.7200.720.740.47Textual Information(10)
11Agro Tech Foods LimitedAAECA0303MMr. Arun BewoorAAAPB9170EKey Management Personnel Any other transactionSitting fees and commission to independent directors0.7200.720.740.47Textual Information(11)
12Agro Tech Foods LimitedAAECA0303MMr. Narendra AmbwaniAEIPA8788FKey Management Personnel Any other transactionSitting fees and commission to independent directors0.4700.470.740.47Textual Information(12)
13Agro Tech Foods LimitedAAECA0303MMs. Veena Vishindas GidwaniAACPG4600JKey Management Personnel Any other transactionSitting fees and commission to independent directors0.7200.720.740.47Textual Information(13)
14Agro Tech Foods LimitedAAECA0303MAgro Tech Foods Provident FundAAATA8514BPost-employment benefit trustsAny other transactionContribution to Fund/Trust19.53019.532.813.06Textual Information(14)
15Agro Tech Foods LimitedAAECA0303MAgro Tech Foods Superannuation FundAAATA9701GPost-employment benefit trustsAny other transactionContribution to Fund/Trust2.8302.830.480.47Textual Information(15)
16Agro Tech Foods LimitedAAECA0303MAgro Tech Foods Management Staff Gratuity FundAAATA8515APost-employment benefit trustsAny other transactionContribution to Fund/Trust3.7903.793.7940.42Textual Information(16)
Total value of transaction during the reporting period213.56



Text Block

Textual Information(1)
 
 Approval from audit committee has been taken on yearly basis. Amount representing this column annual basis.
Textual Information(2)
 
 Approval from audit committee has been taken on yearly basis. Amount representing this column annual basis.
Textual Information(3)
 
 Approval from audit committee has been taken on yearly basis. Amount representing this column annual basis.
Textual Information(4)
*Conagra Foods RDM, Inc. has authorised Conagra Brands Inc to collect the amount of royalty on its behalf.
 
 Approval from audit committee has been taken on yearly basis. Amount representing this column annual basis.
Textual Information(5)
Textual Information(6)
The amount of tranaction is as per the approval of NRC, Board of Directors and Shareholders of the Company.

 

Remuneration as given does not include long-term compensated absences benefit accrued, gratuity benefit accrued and insurance premium since the same are computed for all the employees together and the amounts attributable to the key managerial personnel cannot be ascertained separately. Exercise of stock options aggregating Rs 12.25 millions by one of the key managerial personnel has not been included in the remuneration disclosed for the half-year ended.

 
 
 
Textual Information(7)
The amount of tranaction will be as per the remuneration policy of the Company.
 
Remuneration as given does not include long-term compensated absences benefit accrued, gratuity benefit accrued and insurance premium since the same are computed for all the employees together and the amounts attributable to the key managerial personnel cannot be ascertained separately.
Textual Information(8)
The amount of tranaction will be as per the remuneration policy of the Company
 
Remuneration as given does not include long-term compensated absences benefit accrued, gratuity benefit accrued and insurance premium since the same are computed for all the employees together and the amounts attributable to the key managerial personnel cannot be ascertained separately.
Textual Information(9)
Sitting fees is paid as per the limits of Companies Act and Commission is paid within 1 % of net profit.

The transaction entered would be at Arm's Length Price and non material.
As per Companies Act, 2013 and SEBI (LODR) Regulations, the Company had appointed independent directors and the sitting fees is paid to them for attending the Board and Committee meetings accordingly. The Commission is paid as per the approval of Shareholder's approval.
Textual Information(10)
Sitting fees is paid as per the limits of Companies Act and Commission is paid within 1 % of net profit.

The transaction entered would be at Arm's Length Price and non material.
As per Companies Act, 2013 and SEBI (LODR) Regulations, the Company had appointed independent directors and the sitting fees is paid to them for attending the Board and Committee meetings accordingly. The Commission is paid as per the approval of Shareholder's approval.
Textual Information(11)

Sitting fees is paid as per the limits of Companies Act and Commission is paid within 1 % of net profit.

The transaction entered would be at Arm's Length Price and non material.

As per Companies Act, 2013 and SEBI (LODR) Regulations, the Company had appointed independent directors and the sitting fees is paid to them for attending the Board and Committee meetings accordingly. The Commission is paid as per the approval of Shareholder's approval.

Textual Information(12)
Sitting fees is paid as per the limits of Companies Act and Commission is paid within 1 % of net profit.

The transaction entered would be at Arm's Length Price and non material.
As per Companies Act, 2013 and SEBI (LODR) Regulations, the Company had appointed independent directors and the sitting fees is paid to them for attending the Board and Committee meetings accordingly. The Commission is paid as per the approval of Shareholder's approval.
Textual Information(13)

Sitting fees is paid as per the limits of Companies Act and Commission is paid within 1 % of net profit.

The transaction entered would be at Arm's Length Price and non material.

As per Companies Act, 2013 and SEBI (LODR) Regulations, the Company had appointed independent directors and the sitting fees is paid to them for attending the Board and Committee meetings accordingly. The Commission is paid as per the approval of Shareholder's approval.

Textual Information(14)

Contribution is done towards PF  by employer and employee equal to 12 % of the employee's salary or any other % as may be prescribed by Government and as may be applicable, to the fund administered and managed by the Company's own trust.

Post-employment benefit plans for the benefit of the employees of the Company is administered by Agro Tech Foods Provident Fund.

Textual Information(15)
Monthly contribution equal to specified percentage of the covered employees' salary is being made which is administered by Company's own Trust called Agro Tech Foods Superannuation Fund.
Textual Information(16)
The trust is maintained for providing post-employemnt benefits. Contribution is made towards the same.
Post-employment benefit plans for the benefit of the employees of the Company is administered by Agro Tech Foods Non Management Staff Gratuity Fund.