General information about company

Name of The CompanyAkzo Nobel India Limited
BSE Scrip Code500710
NSE SymbolAKZOINDIA
MSE SymbolNOTLISTED
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 resultsMillions
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

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Name of the related partyOscar WezenbeekRajiv RajgopalLakshay KatariaAmit JainHemant SahaiSmriti VijayArvind UppalRahul BhatnagarHarshi RastogiImperial Chemical Industries LimitedAkzo Nobel Coatings International B.VAkzo Nobel N.V., NetherlandsAkzo Nobel Oman SAOCAkzo Nobel Paints (Malaysia) Sdn. Bhd.Akzo Nobel Paints (Singapore) Pte. Ltd.Akzo Nobel Paints (Thailand) LimitedAkzo Nobel Paints Lanka (Pvt) LtdAkzo Nobel Paints Limited (Hong Kong)Akzo Nobel Paints Vietnam Ltd.Akzo Nobel Powder Coatings (Vietnam) Co. Ltd.Akzo Nobel Global Business Services LLPPT ICI Paints IndonesiaAkzo Nobel Car Refinishes B.V.Akzo Nobel Coatings Inc.Akzo Nobel LtdaPT Akzo Nobel Car Refinishes IndonesiaAkzo Nobel Coatings LimitedAkzo Nobel Argentina S.A.Akzo Nobel Boya Sanayi ve Ticaret A.S.Akzo Nobel Car Refinishes Australia Pty LtdAkzo Nobel Car Refinishes SLAkzo Nobel Chang Cheng Coatings (Guangdong) Co LtdAkzo Nobel Coatings (Dongguan) Co. Ltd.Akzo Nobel Coatings (Jiaxing) Co. Ltd.Akzo Nobel Coatings (Tianjin) Co LtdAkzo Nobel Coatings ASAkzo Nobel Coatings CZ a.s.Akzo Nobel Coatings K.K.Akzo Nobel Coatings SPAAkzo Nobel Coatings Vietnam LimitedAkzo Nobel Hilden GmbHAkzo Nobel Industrial Coatings ABAkzo Nobel Industrial Coatings Korea Ltd.Akzo Nobel Industrial Paints, S.L. Akzo Nobel International Paint (Suzhou) Co LtdAkzo Nobel KKAkzo Nobel LLCAkzo Nobel Packaging Coatings LimitedAkzo Nobel Packaging Coatings S.AAkzo Nobel Paints Taiwan LimitedAkzo Nobel Performance Coatings (Changzhou) Co. Ltd.Akzo Nobel Powder Coatings GmbHAkzo Nobel Powder Coatings Korea Co. Ltd.Akzo Nobel Powder Coatings LimitedAkzo Nobel Powder Coatings SASAkzo Nobel Pty. LimitedAkzo Nobel Saudi Arabia Ltd. Akzo Nobel Server Boya Sanayi ve Ticaret A.S. Akzo Nobel South Africa (Pty) LtdAkzo Nobel UAE Paints L.L.C.Compania Mexicana de Pinturas International SA De CVICI South Africa (Pty) LtdInternational Farbenwerke GmbHInternational Farg ABInternational Farvefabrik ASInternational Paint (Akzo Nobel Chile) LtdaInternational Paint (East Russia) LtdInternational Paint (Hong Kong) LimitedInternational Paint (Korea) LtdInternational Paint (Nederland) B.V.International Paint (Panama) Inc.International Paint (Taiwan) LtdInternational Paint LimitedInternational Paint LLCInternational Paint of Shanghai Co LtdInternational Paint Pazarlama Limited SirketiInternational Paint Sdn BhdInternational Paint Singapore Pte. Ltd.International Peinture S.A.Oy International Paint (Finland) ABPT International Paint IndonesiaSchramm Coatings GmbHServer Boya Matbaa Murekkepleri ve Vernik Sanayi ve Ticaret AS
Categories of related partiesKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentParentParentParentPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters GroupPromoters Group
description of relationshipNon Executive Director (Chairman from 23 May 2021)Managing DirectorWholetime Director and CFOIndependent Director (Chairman upto 22 May 2021)Independent Director Independent Director Independent Director (upto 22 May 2021) Independent Director (upto 22 May 2021)Company SecretaryParent CompanyParent CompanyUltimate Parent CompanyFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiariesFellow subsidiaries
PAN of related partyZZZZZ9999ZABDPR5815JAJGPK8130NAAHPJ0366KAATPS0103RAABPS3383HAAHPU2604BAADPB7374BACGPR8240MAABCI6206QAAICA5816HAAJCA8684NZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999ZZZZZZ9999Z
CIN of related party

B. Details of related party transactions

Purchase of goods and services000000000000000.8427.660002.940032.4952.90.27141.410.520.459.060.022.784.3212.7328.940000.173.55.9135.680.0114.260.010038.3731.614.0840.7426.4428.880.050.060.011.060.63004.8200.460.12000000.96.582.250.1602.617.170.92015.070.04012.021.880.11
Sale of goods and services0000000000002.229.43026.534.140.23.860043.580000000000000000.4300.2900000000000000013.46.5002.44001.880000.190.330001.47.6400009.9500000
Purchase of fixed assets00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Sale of fixed assets00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Rendering of services0000000000011.64004.440000000264.09000000000000000000000000000000000000000000000000000000000000
Receiving of services0000000000475.4140.68007.960000065.2300000000000000000000000000000000000000000000000000000000000000
Leases 00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Loans and advances given00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Loans and advances taken00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Loans and advances given that are repaid00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Loans and advances taken that are repaid00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Deposits placed 00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Deposits taken00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Transfer of research & development00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Transfers under lease agreement00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Equity investment00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Impairment in equity investment00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Expense for bad or doubtful debts00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Guarantees or collateral given00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Guarantees or collateral taken0000000000085000000000000000000000000000000000000000000000000000000000000000000000000
Interest income00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Interest paid00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Dividend income00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Dividend paid000000000620.39310.25000000000000000000000000000000000000000000000000000000000000000000000000
Management contracts including for deputation of employees00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Settlement of liabilities by entity on behalf of related party000000000000001.110000080.1300000000000000000000000000000000000000000000000000000000000000

Remuneration

Short term employee benefits09.255.450.950.90.90.290.293.4400000000000000000000000000000000000000000000000000000000000000000000000000
Post employment benefits00.941.04000000.4500000000000000000000000000000000000000000000000000000000000000000000000000
Other long-term benefits03.4000000000000000000000000000000000000000000000000000000000000000000000000000000000
Termination benefits00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Share based payments00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Others00000000000000000000000000000000000000000000000000000000000000000000000000000000000

C. Outstanding balances

Receivables

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured000000000004.810.1719.9026.563.5203.850.5334.9222.32159.570000.7900003.030000.800.550.691.320001.130.1603.0600000000.0613.256.3003.5900.443.240.14000.2800001.4110.690.5410.760.190.314.05000.0100

Payables

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured018.512.680.950.90.90.290.291.690233.01540.41001.6926.680003.030039.7625.660.588.771.780.653.530.081.832.338.69001.110.2802.65.984.420.292.340.25003.2144.4410.6940.077.6113.011.470.3800.650.06001.840.210.9000.150.1300.074.1913.865.59010.95000.880.3900012.340.190.12

Loans and advances given

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Loans and advances taken

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Deposits placed

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Deposits taken

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Guarantees or collateral given

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Guarantees or collateral taken

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Investment in equity

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Provision for doubtful debt

Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000
Un Secured00000000000000000000000000000000000000000000000000000000000000000000000000000000000

Note

Guarantee issued on behalf of the Company for credit facilities from banks