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 Year31-03-2023
Reporting PeriodSecond half yearly
Date of Start of Reporting Period01-10-2022
Date of End of Reporting Period31-03-2023
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.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)
1AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARING PVT.LTDAANFM5056HSon of Non Executive Director Anila s Thanki is a director upto 02-11-2022 & brother of director Jignesh s Thanki from 01-11-2022Sale of goods or services8.17Approved8.1734.8213.37Textual Information(1)
2AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARING PVT.LTDAANFM5056HSon of Non Executive Director Anila s Thanki is a director upto 02-11-2022 & brother of director Jignesh s Thanki from 01-11-2022Sale of goods or services2.79Approved2.7934.8213.37Textual Information(2)
3AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARING PVT.LTDAANFM5056HSon of Non Executive Director Anila s Thanki is a director upto 02-11-2022 & brother of director Jignesh s Thanki from 01-11-2022Purchase of goods or services6.78Approved6.7834.8213.37Textual Information(3)
4AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NMAX PRECISION BEARING PVT.LTDAANFM5056HSon of Non Executive Director Anila s Thanki is a director upto 02-11-2022 & brother of director Jignesh s Thanki from 01-11-2022Purchase of goods or services73.88Approved73.8834.8213.37Textual Information(4)
5AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NACCORD PRECISION BEARING PVT LTDAADFA4199HDirector Hiren N Vadgama as a TrusteesSale of goods or services5Approved559.167.02Textual Information(5)
6AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NACCORD PRECISION BEARING PVT LTDAADFA4199HDirector Hiren N Vadgama as a TrusteesPurchase of goods or services174.43Approved174.4359.167.02Textual Information(6)
7AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NHIREN N VADGAMAAAUPV9105FCHAIRMAN & EXECUTIVE DIRECTORRemuneration19.14Approved19.1400Textual Information(7)
8AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NRAJAN R BHAMBHANIAABYPB5378DMANAGING DIRECTORRemuneration7.14Approved7.1400Textual Information(8)
9AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NJIGNESH S THANKIAAUPT4736AWHOLE TIME DIRECTOR FROM 01.11.2022Remuneration10.2Approved10.200Textual Information(9)
10AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NSIDDIK A KOTALACWPK1827BC.F.ORemuneration3.59Approved3.5900Textual Information(10)
11AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NHIRAL A SHAHCWZPS5771HCOMPANY SECRETARY UPTO 30.09.2022Remuneration0.24Approved0.2400Textual Information(11)
12AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NSHAHID S KOTALAZSPK4588QSON OF CFO SIDDIK A KOTALRemuneration1.86Approved1.8600Textual Information(12)
13AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NAUSTIN ENGINEERING CO.USAZZZZZ9999ZSUBSIDDIARY OF AUSTIN ENGINEERING COMPANY LIMITEDSale of goods or services2744.77Approved2744.77819.451619.12Textual Information(13)
14AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NN.C.VADGAMA HUFAAAHV9956NFATHER OF DIRECTOR HIREN N VADGAMAInterest paid9.73Approved9.7381.0689.82Textual Information(14)
15AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NS.M.THANKI HUFAAAHT4380AFATHER OF DIRECTOR JIGNESH S THANKIInterest paid1.49Approved1.4912.4313.77Textual Information(15)
16AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NR.N.BAMBHANIA HUFAABHB2605KFATHER OF DIRECTOR RAJAN R BAMBHANIAInterest paid6.89Approved6.8957.4663.67Textual Information(16)
17AUSTIN ENGINEERING COMPANY LIMITEDAABCA8189NHEMANT N JHALAAUXPJ4796MCOMPANY SECRETARY UPTO 10.10.2022Remuneration1.18Approved1.1800Textual Information(17)
Total value of transaction during the reporting period3077.28



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