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SEIL/Sec./SE/2021-22/21July 20, 2021The ManagerListing DepartmentNational Stock Exchange of India LtdExchange Plaza, Bandra Kurla ComplexBandra (East), MUMBAI 400 051Fax # 022-2659 8237/8238/8347/8348Symbol: SCHNEIDERThe SecretaryBSE LimitedPhiroze Jeejeebhoy Towers,Dalal StreetMUMBAI 400 001Fax#022-2272 3121/2037/2039Scrip Code No. 534139Sub: Disclosure of related party transactions pursuant to Regulation 23(9) of SEBI (Listing Obligations andDisclosure Requirements) Regulation, 2015Dear Sir,In terms of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please findenclosed herewith the disclosure of Related Party Transactions, for the financial year ended March 31, 2021, in the formatas specified in the applicable accounting standards.Kindly take the above information on record.Yours Sincerely,For Schneider Electric Infrastructure Limitedsigned by Bhumika SoodBhumika Sood DigitallyDate: 2021.07.20 11:34:54 05'30'(Bhumika Sood)Company Secretary and Compliance OfficerEncl: As aboveSchneider Electric Infrastructure LimitedCorp. Office: 9th Floor, DLF Building No.10.Tower C, DLF Cyber City, Phase II, Gurgaon – 122002, India; Tel: 91 124 7152300; Fax.: 91 (0) 124-422 2036; www.schneider-infra.inRegd. Office: Milestome-87, Vadodara - Halol Highway, Village Kotambi, Post Office Jarod Vadodara -391510, Gujarat; Tel: 91 02668 664300 Fax: 91 664621; CIN: L31900GJ2011PLC064420
Schneider Electric Infrastructure LimitedNotes to Financial Statements for the year ended March 31 202134Related party transactionsFollowing are the related parties and transactions entered with related parties for the year:(A) Names of related parties and description of relationship:(i)Related party where control existsName of the related parties(ii)Relationship1. Energy Grid Automation Transformers and Switchgears India Private LimitedHolding Company2. Schneider Electric Industries SAS, FranceUltimate Holding Company3. Schneider Electric Singapore Pte. Limited, SingaporeParent of Holding CompanyFellow subsidiaries with which there have been transactions during the yearEPS Electrical Power Distribution Boards & Switchgear Ltd, Saudi ArabiaFrance Transfo SAS, FranceInvensys Development Centre India Private Ltd, IndiaSchneider Electric Systems India Private Limited (formerly known as Invensys IndiaPrivate Ltd)Luminous Power Technologies Private Ltd, IndiaManufacturas Electricas SA, SpainPower Measurement Ltd, CanadaPt Schneider Electric Indonesia, IndonesiaSchneider Electric IT Business India Pvt.Ltd., IndiaSchneider (Thailand) Ltd, ChinaSchneider Busway (Guangzhou) Ltd, ChinaSchneider Electric (Australia) Pty. Limited, AustraliaSchneider Electric (China) Co. Ltd, ChinaSchneider Electric (Philippines) Inc., PhilippinesSchneider Electric (UK) Ltd, UKSchneider Electric (Xiamen) Switchgear Co. Ltd, ChinaSchneider Electric AEBE, GreeceSchneider Electric Argentina Sa, ArgentinaSchneider Electric Asia Pacific Limited, Hong KongSchneider Electric ''Austria'' Ges. M.B.H., AustriaSchneider Electric Brasil Ltda, BrasilSchneider Electric Bulgaria Eood, BulgariaSchneider Electric Canada Inc., CanadaSchneider Electric D.O.O., CroatiaSchneider Electric De Colombia Sa, ColombiaSchneider Electric Distribution Company, EgyptSchneider Electric Dms Ns, SerbiaSchneider Electric East Mediterranean SAL LebnonSchneider Electric Energy France SAS, FranceSchneider Electric Energy Hungary Electric Switchboard Production Ltd, HungarySchneider Electric Espana SA, Utd.Arab Emir.Schneider Electric FZE, Utd.Arab Emir.Schneider Electric Gmbh, GermanySchneider Electric India Private Limited, IndiaSchneider Electric Industries (M) Sdn Bhd, MalaysiaSchneider Electric France SAS, FranceZAO Gruppa Kompaniy Electroshield, RussiaSchneider Electric IT Logistics Asia Pacific Pte. Ltd, SingaporeSchneider Electric Egypt S.A.E., EgyptSchneider Electric Services International SPRL, BelgiumSchneider (Beijing) Medium & Low Voltage Co., Ltd, ChinaSE Japan Holdings Ltd, JapanSchneider Electric Transformers Poland Spzoo, PolandSchneider Electric Systems Singapore Pte. Ltd., SingaporeSchneider Electric Asia Pte. Ltd., SingaporeSchneider Electric IT Logistics Europe Limited, IrelandSchneider Electric IT Singapore Pte. Ltd, SingaporeSchneider Electric Kenya, KenyaSchneider Electric Korea Ltd (ex-Samwha EOCR Co. Ltd), KoreaSchneider Electric Solar Singapore Pte Ltd, SingaporeSchneider Electric Lanka (Private) Limited, LankaSchneider Electric Logistics Asia Pte. Ltd, SingaporeSchneider Electric Ltd, UKSchneider Electric Mexico S.A. de C.V., MexicoSchneider Electric Nigeria Ltd, NigeriaSchneider Electric O.M. LLC, OmanSchneider Electric Overseas Asia Pte. Ltd, SingaporeSchneider Electric Peru S.A., PeruSchneider Electric Polska SP, PolandSchneider Electric President Systems Ltd, IndiaSchneider Electric Private Limited, IndiaSchneider Electric Protection et Contrôle SAS, FranceSchneider Electric S.P.A., ItalySchneider Electric Sachsenwerk Gmbh, GermanySchneider Electric Services Llc, QatarSchneider Electric Solar India Private Limited, IndiaSchneider Electric South Africa (Pty.) Ltd, South AfricaSchneider Electric Systems Austria Gmbh, AustriaSchneider Electric Taiwan Co Ltd, ChinaSchneider Electric Telecontrol SAS, FranceSchneider Electric Usa, Inc., USASchneider Electric Vietnam Co. Ltd, VietnamSchneider Elektrik Sanayi Ve Ticaret A.S., TurkeySchneider Enerji Endustrisi Sanayi Ve Ticaret A.S., TurkeySchneider Enerji Endüstrisi Sanayi Ve Ticaret Anonim Sirketi, TurkeySchneider Switchgear (Suzhou) Co, Ltd, ChinaShanghai Schneider Electric Power Automation Co. Ltd, ChinaSchneider Electric Software India Private LimitedSociété Électrique d’Aubenas SAS, FranceTelvent USA, LLC, USAVamp Oy, FinlandSchneider Electric Infrastructure Limited Emp Group Gratuity Assurance SchemeSchneider Electric Maroc, MoroccoGutor Electronic Gmbh, GermanyGutor Electronic Asia Pacific Sdn. Bhd., MalaysiaSchneider Electric Plants Saudi Arabia Co., UaeShanghai Foxboro Co., Ltd, ChinaSchneider Electric Srbija Doo Beograd, SerbiaSchneider Electric Systems Usa Inc., USASchneider Electric Solar, Inc, Canada(iii) Key Management Personnel Mr. Sanjay Sudhakaran, Managing Director & CEO w.e.f May 01, 2021Late Mr. Bruno Bernard Dercle, Managing Director & CEO till April 30, 2021Mr. Piyush Pandey, Whole Time Director w.e.f May 22, 2019 till April 30, 2021Ms. Bhumika Sood, Company SecretaryMr. Mayank Holani, Chief Financial Officer w.e.f September 9, 2020Mr. Arnab Roy, Chief Financial Officer till September 8, 2020 (Whole Time Director w.e.f June 16, 2020 till December 31, 2020)Mr. Vivek Sarwate, Whole Time Director till May 22, 2019(iv) Additional related parties as per Companies Act 2013 with whom transactions have taken place during the year: Ms. Namrata Kaul, Director Ms. Geeta Mathur, Director till September 9, 2019 Mr. Vinod Kumar Dhall, Chairman and Director Mr. Ranjan Pant, Director Mr. Subramanian Vishar Vasudeven, Director
Schneider Electric Infrastructure LimitedNotes to Financial Statements for the year ended March 31 2021(B) Transactions during the yearS.No Particulars(Rs. in million)Related party wherecontrol ExistsMarch31, 2021(1)(2)(3)(4)(5)(6)(7)Fellow subsidiariesMarch31, 2020March31, 2021SALE OF GOODSSchneider Electric Industries SAS, FranceSchneider Electric India Private Limited, IndiaSchneider Electric IT Business India Private Ltd, IndiaSchneider Electric Singapore Pte. Limited, SingaporeOthersTotal0.21-0.60-39.9640.17SALE OF SERVICESSchneider Electric France SAS, FranceSchneider Electric India Private Limited, IndiaSchneider Electric Industries SAS, FranceSchneider Electric Singapore Pte. Limited, SingaporeOthersTotalPURCHASE OF GOODSSchneider Electric Industries SAS, FranceSchneider Electric India Private Limited, IndiaSchneider Electric Sachsenwerk Gmbh, GermanyVamp OY, FinlandOthersTotalKey Management Personnel andother related partiesMarch31, 2020March31, .67643.17643.17PURCHASE OF SERVICESSchneider Electric India Private Limited, IndiaSchneider Electric Private Limited, IndiaSchneider Electric Industries SAS, FranceSchneider Electric Espana SA, SpainOthersTotal2.952.95REIMBURSEMENT BY THE COMPANYSchneider Electric India Private Limited, IndiaSchneider Electric Singapore Pte. Limited, SingaporeOthersTotalREIMBURSEMENT TO THE COMPANYSchneider Electric Industries SAS, FranceSchneider Electric Singapore Pte. Limited, SingaporeSchneider Electric India Private Limited, IndiaOthersTotalMANAGERIAL REMUNERATION (refer note 1)Late Mr. Bruno Bernard DercleMr. Mayank HolaniMr. Arnab RoyMr. Piyush PandeyMr. Vivek SarwateMs. Bhumika SoodTotalCOMPENSATION TO KEY MANAGERIALPERSONNEL OF THE COMPANYCategoryShort Term Employee BenefitShare Based PaymentMarch31, 2020TotalMarch31, 2021-------March31, 5056.390.4456.8359.292.2161.50
Schneider Electric Infrastructure LimitedNotes to Financial Statements for the year ended March 31 2021(B) Transactions during the yearS.No Particulars(Rs. in million)Related party wherecontrol ExistsMarch31, 2021(8)(9)SITTING FEES TO DIRECTORSMr. Vinod Kumar DhallMr. Subramanian Vishar VasudevenMr. Ranjan PantMs. Namrata KaulMs.Geeta MathurTotalINTEREST EXPENSESSchneider Electric IT Business India Private Limited,IndiaEnergy Grid Automation Transformers andSwitchgears India Private Limited, IndiaTotal(10) GAIN ON MODIFICATION OF DEBTSchneider Electric IT Business India Private Limited,India(11) TRADEMARK FEESSchneider Electric Services International SPRL,BelgiumTotal(12) DATA MANAGEMENT CHARGESSchneider Electric Industries SAS, FranceSchneider Electric Private Limited, IndiaTotal(13) MANAGEMENT SUPPORT CHARGESSchneider Electric Industries SAS, FranceTotal(14) SALE OF TANGIBLE ASSETSSchneider Electric India Private Limited, IndiaTotal(15) PURCHASE OF TANGIBLE ASSETSSchneider Electric Industries SAS, FranceSchneider Electric Egypt S.A.E, EgyptOthersTotalFellow subsidiariesMarch31, 2020March31, 2021Key Management Personnel andother related partiesMarch31, 2020March31, 2021March31, 2020TotalMarch31, 2021March31, --417.02558.45--417.02558.45--417.02558.45(16) SHORT TERM BORROWINGS TAKEN (NET)Schneider Electric IT Business India Private Limited,IndiaTotal
Schneider Electric Infrastructure LimitedNotes to Financial Statements for the year ended March 31 2021( C ) Balances Outstanding at the year end:ParticularsLONG TERM BORROWINGS8% Cumulative redeemable preference shares of Rs 10 each fully paid up :Energy Grid Automation Transformers and Switchgears India Private Limited,IndiaScheneider Electric IT Business India Private Limited, IndiaInter Corporate Deposit :Scheneider Electric IT Business India Private Limited, IndiaTotalSHORT TERM BORROWINGSSchneider Electric IT Business India Private Ltd, IndiaTotalTRADE PAYABLESSchneider Electric India Private Limited, IndiaSchneider Electric Industries SAS, FranceSchneider Electric Singapore Pte. Limited, SingaporeSchneider Electric Services International SPRLOthersTotalOTHER FINANCIAL LIABILITIESSchneider Electric IT Business India Private Ltd, IndiaTotalTRADE RECEIVABLESSchneider Electric India Private Limited, India {Provision for doubtful tradereceivables amounting to Rs. 11.81 million (March 31, 2020 - Rs. 13.06PT. Schneider IndonesiaSchneider Electric Singapore Pte. Limited, SingaporeSchneider Electric Industries SAS, France {Provision for doubtful tradereceivables amounting to Rs. 0.48 million (March 31, 2020 - Rs. 0.48 million)}Others {Provision for doubtful trade receivables amounting to Rs. 47.45 million(March 31, 2020 - Rs. 39.31 million)}TotalOTHER FINANCIAL ASSETSSchneider Electric France SASSchneider Electric Infrastructure Limited Emp Group Gratuity AssuranceSchemeTotalRelated party where controlExistsMarchMarch31, 202131, 2020Fellow subsidiariesMarch31, 2021(Rs. in million)TotalKey Management Personnel andother related partiesMarchMarch31, 202131, 2020March31, 394.02--March31, 2021March31, 571.The remuneration to the key managerial personnel does not include the provisions made for gratuity and leave benefits, as they are determined on an actuarial basis for the company as a whole. Further itincludes share based payments recognised under IND AS.2. In addition to the above transactions, Schneider Electric Industries SAS, France (the ultimate holding company) has given letter of comfort to banks of the Company based on which banks have givenunsecured loan facilities (at the prevailing interest rate) to the Company. This letter is not intended as a legal guarantee on the part of the ultimate holding company.
Schneider Electric Infrastructure Limited Corp. Office: 9th Floor, DLF Building No.10.Tower C, DLF Cyber City, Phase II, Gurgaon - 122002, India; Tel: 91 124 .
