General information about company

Name of The CompanyAUSTIN ENGINEERING COMPANY LIMITED
BSE Scrip Code522005
NSE Symbol
MSE SymbolAUSTENG
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 transactionsLakhs
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.No
(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)
1AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARINGS PVT.LTDAANFM5056HSon of Non Executive Director Anila S Thanki is a DirecorSale of goods or services3.52Approved3.5229.0734.82Textual Information(1)
2AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARINGS PVT.LTDAANFM5056HSon of Non Executive Director Anila S Thanki is a DirecorSale of goods or services5.12Approved5.1229.0734.82Textual Information(2)
3AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARINGS PVT.LTDAANFM5056HSon of Non Executive Director Anila S Thanki is a DirecorPurchase of goods or services11.83Approved11.8329.0734.82Textual Information(3)
4AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARINGS PVT.LTDAANFM5056HSon of Non Executive Director Anila S Thanki is a DirecorPurchase of goods or services62.58Approved62.5829.0734.82Textual Information(4)
5AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NACCORD PRECISION PRODUCTAADFA4199HDirector Hiren N Vadgama as a TrusteesSale of goods or services4.89Approved4.8993.1859.16Textual Information(5)
6AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NACCORD PRECISION PRODUCTAADFA4199HDirector Hiren N Vadgama as a TrusteesPurchase of goods or services162.72Approved162.7293.1859.16Textual Information(6)
7AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NHIREN N VADGAMAAAUPV9105FChairman & Executive DirectorRemuneration14.54Approved14.5400Textual Information(7)
8AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NRAJAN R BHAMBHANIAABYPB5378DManaging DirectorRemuneration5.76Approved5.7600Textual Information(8)
9AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NJIGNESH S THANKIAAUPT4736ASon of Non Executive Director Anila S ThankiRemuneration4.83Approved4.8300Textual Information(9)
10AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NSIDDIK A KOTALACWPK1827BC.F.ORemuneration2.72Approved2.7200Textual Information(10)
11AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NHIRAL A SHAHCWZPS5771HCOMPANY SECRETARY Remuneration1.5Approved1.500Textual Information(11)
12AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NSHAHID S KOTALAZSPK4588QSon of CFO Siddik A KotalRemuneration1.34Approved1.3400Textual Information(12)
13AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NAUSTIN ENGINEERING CO. U.S.AZZZZZ9999ZSubsidiary of Austin engineering co. Ltd.Sale of goods or services2146.69Approved2146.69819.451716.15Textual Information(13)
Total value of transaction during the reporting period2428.04