General information about company

Name of The CompanyParamount Communications Limited
BSE Scrip Code530555
NSE SymbolPARACABLES
MSE SymbolNOT LISTED
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 resultsLakhs
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

Sr1234567
Name of the related partyS S Aggarwal HUFValens technologies Private LimitedParamount Telecables LimitedMr. Sanjay AggarwalMr. Sandeep AggarwalMr. Shambhu Kumar AgarwalMs. Rashi Goel
Categories of related partiesOther related partyOther related partyOther related partyKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parent
description of relationshipMr. Sanjay Aggarwal,KARTA of HUF is the promoter and Director of the Company Relative of Mr. Sanjay Aggarwal and Mr. Sandeep Aggarwal, Directors of the Company is Director and Member of Valens technologies Private Limited Common Control ExistCEO and PromoterManaging Director and PromoterChief Finance OfficerCompany Secretary
PAN of related partyAAAHS5637KAAECV9344BAAACP7201PAACPA7574PAACPA7575NACEPA9332MAUTPA8137H
CIN of related partyU31509DL2014PTC267212U74899DL1994PLC059655

B. Details of related party transactions

Purchase of goods and services8937000
Sale of goods and services180000
Purchase of fixed assets
Sale of fixed assets
Rendering of services
Receiving of services
Leases 15000037500013333332
Loans and advances given
Loans and advances taken
Loans and advances given that are repaid
Loans and advances taken that are repaid
Deposits placed
Deposits taken
Transfer of research & development
Transfers under lease agreement
Equity investment
Impairment in equity investment
Expense for bad or doubtful debts
Guarantees or collateral given
Guarantees or collateral taken
Interest income
Interest paid5463564
Dividend income
Dividend paid
Management contracts including for deputation of employees
Settlement of liabilities by entity on behalf of related party

Remuneration

Short term employee benefits891682789113271608148515488
Post employment benefits
Other long-term benefits
Termination benefits
Share based payments
Others

C. Outstanding balances

Receivables

Secured
Un Secured

Payables

Secured
Un Secured14551913127682688

Loans and advances given

Secured
Un Secured

Loans and advances taken

Secured
Un Secured

Deposits placed

Secured
Un Secured

Deposits taken

Secured
Un Secured

Guarantees or collateral given

Secured
Un Secured

Guarantees or collateral taken

Secured
Un Secured

Investment in equity

Secured
Un Secured

Provision for doubtful debt

Secured
Un Secured

Note

Outstanding balances of Unsecured payables includes Lease Liability and Finance Lease Obligations of Rs. 12,71,17,024/- in accordance with IND AS.


Interest Paid include Lease Interest Cost of Rs. 54,63,564/- as in accordance with IND AS.