General information about company

Name of The CompanyAUSTIN ENGINEERING COMPANY LIMITED
BSE Scrip Code522005
NSE Symbol
MSE SymbolAUSTENG
Date of Start of Financial Year01-04-2024
Date of End of Financial Year31-03-2025
Reporting PeriodFirst half yearly
Date of Start of Reporting Period01-04-2024
Date of End of Reporting Period30-09-2024
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.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?Yes
Latest Date on which RPT policy is updated10-04-2023
Indicate Company website link for updated RPT policy of the Companyhttps://www.aec.com/docs/AECL%20Related%20Party%20Transactions%20Policy.pdf






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 CO LTDAABCA8189NMAX PRECISION BEARING PVT LTDAANFM5056MBROTHER OF DIRECTORSale of goods or services11.23APPROVED11.2321.930Textual Information(1)
2AUSTIN ENGINEERING CO LTDAABCA8189NMAX PRECISION BEARING PVT LTDAANFM5056MBROTHER OF DIRECTORPurchase of goods or services21.12APPROVED21.1221.930Textual Information(2)
3AUSTIN ENGINEERING CO LTDAABCA8189NMAX PRECISION BEARING PVT LTDAANFM5056MBROTHER OF DIRECTORPurchase of goods or services47.93APPROVED47.9321.930Textual Information(3)
4AUSTIN ENGINEERING CO LTDAABCA8189NACCORD PRECISION PRODUCTAADFA4199HDIRECTORS PARTNERSale of goods or services10.46APPROVED10.4660.39-34.93Textual Information(4)
5AUSTIN ENGINEERING CO LTDAABCA8189NACCORD PRECISION PRODUCTAADFA4199HDIRECTORS PARTNERPurchase of goods or services156.87APPROVED156.8760.39-34.93Textual Information(5)
6AUSTIN ENGINEERING CO LTDAABCA8189NACCORD PRECISION PRODUCTAADFA4199HDIRECTORS PARTNERSale of fixed assets7.69APPROVED7.6960.39-34.93Textual Information(6)
7AUSTIN ENGINEERING CO LTDAABCA8189NAUSTIN ENGINEERING USAZZZZZ9999ZSUBSIDIARY OF THE COMPANYSale of goods or services1910.83APPROVED1910.831056.121289.25Textual Information(7)
8AUSTIN ENGINEERING CO LTDAABCA8189NHIREN N VADGAMAAAUPV9105FCHAIRMAN & EXECUTIVE DIRECTORRemuneration22.82APPROVED20.9500Textual Information(8)
9AUSTIN ENGINEERING CO LTDAABCA8189NRAJAN R BHAMBHANIAABYPB5378DMANAGING DIRECTORRemuneration7.19APPROVED6.7900Textual Information(9)
10AUSTIN ENGINEERING CO LTDAABCA8189NJIGNESH S THANKIAAUPT4736AEXECUTIVE DIRECTORRemuneration22.82APPROVED20.9500Textual Information(10)
11AUSTIN ENGINEERING CO LTDAABCA8189NS.A.KOTALASWPK1827BC.FORemuneration3.29APPROVED3.2900Textual Information(11)
12AUSTIN ENGINEERING CO LTDAABCA8189NSHAHID S KOTALAZSPK4588QSON OF C.FORemuneration1.88APPROVED1.8800Textual Information(12)
13AUSTIN ENGINEERING CO LTDAABCA8189NHEMANSIGH T N JHALAAUXPJ4796MCOMPANY SECRETARYRemuneration1.5APPROVED1.500Textual Information(13)
14AUSTIN ENGINEERING CO LTDAABCA8189NAERIS ENGITECH PRIVATE LIMITEDAAWCA8309BCOMPANY IN WHICH DIRECTORS ARE SHAREHOLDERSPurchase of goods or services103.52APPROVED103.522.377.25Textual Information(14)
15AUSTIN ENGINEERING CO LTDAABCA8189NAUSTIN TRADERSAADFA7353BSISTER ARE DIRECTORS PARTNER IN THE FIRMSale of goods or services1.18APPROVED1.210.020.26Textual Information(15)
16AUSTIN ENGINEERING CO LTDAABCA8189NAUSTIN TRADERSAADFA7353BSISTER ARE DIRECTORS PARTNER IN THE FIRMAny other transactionDiscounts & Incentive0.27APPROVED0.270.020.26Textual Information(16)
Total value of transaction during the reporting period2326.49