 

MedPlus Health Services Limited (formerly known as MedPlus Health Services
Annexure- VIL

Notes to Restated Consolidated Financial Information

(All amounts are it Rs in millions except as others stated)

43, Related party Disclosure
(a) Nature of relationship and names of related parties
(i) Parent
Gangadi Investments Private Limited (upto 05 February 2021)
(Gi) Subsidi
1. Optival Health Solutions Private Limited
‘MHS Pharmaceuticals Private Limited
‘NovaSud Pharmaceuticals Private Limited (formerly known as Pan India Pharma Distributors Private Limited)
Agilemed Investments Private Limited (formerly known as Agilemed Investment Private Limited) (upto December 4, 2020)
‘Wynclark Pharmaceuticals Private Limited (formerly known as Medsupply Distributors Private Limited)
Kalyani Meditimes Private Limited
Sai Sridhar Pharma Private Limited ~ Subsidiary of Nova Sud Pharmaceuticals Private Limited
Venkata Krishna Enterprises Private Limited ~ Subsidiary of Nova Sud Pharmaceuticals Private Limited
‘Deccan Medisales Private Limited - Subsidiary of Nova Sud Pharmaceuticals Private Limited
10, Shri Banashankari Pharma Private Limited - Subsidiary of Nova Sud Pharmaceuticals Private Limited
11. Sidson Pharma Distributors Private Limited ~ Subsidiary of Nova Sud Pharmaceuticals Private Limited
12. ClearanceKart Private Limited (Incorporated on 09 March 2021)
(i) Key management personnel
1.G. Madhukar Reddy ~ Managing Director (refer notes a and b below)
2.C. Bhaskar Reddy ~ Executive Director (upto 5 July 2021)
5, Murali Sivaraman - Independent Director (from 11 June 2021)
4. Madhavan Ganesan - Independent Director (from 11 June 2021)
5. Hiroo Mirchandani- Independent Director (from 5 July 2021)
6, Hemanth Kundavaram - Chief Financial Officer (from 2 January 2021)
7. Parag jain- Company Secretary
(Gi) Entities over which shareholders, key management personnel exercise control or significant influence
1. Hinshitsu Manufacturing Private Limited
2  Agilemed Investments Private Limited (formerly known as Agilemed Investment Private Limited) (from December 4, 2020)*
3. Lone Furrow Investment Private Limited *

 

* 2) The company has issued 1.25 bonus equity shares & 40 bonus preference shares for each equity share held forthe year ended March 31, 2021
’) Conversion of preference shares to equity was done for the six months period ended September 30,2021

 

(b). Related party transactions during the six months period/year ended September 302021 September 30,2020 ‘March 31,202 March 31,2020 March 31, 2019

 

 

Enterprises over which shareholders, key management personnel exercise control or
PE 'y management p
significant influence

Hinshitsu Manufacturing Private Limited

Purchase of fixed assets 5458 77 101.36 oer 6985
Purchase of software 119 ‘ - : -
Sale of Assets 3528 : - : -
Rental income : 101 140 12
Purchase of traded goods om 2156 2874 aso -
Rental Expenses 032 065 = oat 0.06
Reimbursement of expenses to 012 ot 035 072 133
Reimbursement of expenses by - Z : 010 -
Security deposit refund received 3 : 3 035 -
Sale of masks 3 oot - : -

i) Key Management Personnel
1. G. Madhukar Reddy
‘a. Managerial remuneration

‘Short-term employee benefits 2.00 2.00 400 400 400
b.Rent 152 138 284 275 249
Repayment of advance 3 - 3 2 0s

2. Bhaskar Reddy
‘8, Managerial remuneration
‘Short-term employee benefits 389 389 778 7H 670
Share based payments 651 798 9101 - 490
43. Hemanth Kundavaram
‘a, Managerial remuneration
‘Short-term employee benefits 5.00 212 - -
Share based payments 092 2 2 2 :
4. Parag Jain,
‘a. Managerial remuneration

‘Short-term employee benefits ost 0.60 128 1a Los
Share based payments 04 - : - -
5. Sitting fees paid to directors 1.80 - - - -

() refer note no 19 for disclosures relating to securities/ guaranties given by related parties

 

 

 

(6) Balances outstanding as at debit/(credit) September 302021 September 30,2020 March 31, 2021 ‘March 31,2020 March 31,2019
() Key Management Personnel
1.G. Madhukar Reddy on 049 049 os 039
2.C. Bhaskar Reddy : z - (0.65) (059)
(Gi) Entities over which shareholders, key management personnel exercise control or significant influence
1. Hinshitsu Manufacturing Private Limited 20.45) 749 (087) 6.40 1258
Guarantee outstanding on behalf of Optival Health Solutions Private Limited (refer note 1,850.00 1,850.00 1,850.00 1,775.00 1,050.00

no. 4 (a)(i))

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