Risk Factors

Please see ‘Risk Factors’ beginning on page 22. Investors are advised to read the risk factors carefully before
taking an investment decision in the Offer.

Contingent Liabilities

As of June 30, 2021, contingent liabilities as per Ind AS 37 as indicated in our Restated Financial Information are
as follows:

 

(in% million)
z As on June 30,
S.No. Particulars Si
1. Claims against the Company not acknowledged as debts — Income tax, VAT and GST 11.70

related matters

 

For further details of contingent liabilities as per Ind AS 37 as on June 30, 2021, see ‘Management's Discussion
and Analysis of Financial Condition and Results of Operations’ and ‘Outstanding Litigation and Material
Developments’ and ‘Financial Information’ beginning on pages 304, 343 and 218, respectively.

Summary of Related Party Transactions

(in million)

 

 

Particulars Nature of transaction Three Three Year Year Year
months months ended ended ended
ended ended March 31, March31, March
June 30, June 30, 2021 2020 31,
2021 2020 2019
Subsidiary
Go Fashion FZE Loan written off - - - - 34.55
Go Fashion FZE Investment written off - - - - 70.73
Go Fashion FZE Bad debts - - - - 2.45
KMP and their relatives
Prakash Kumar Saraogi Remuneration to KMP 2.17 2.17 8.68 8.68 8.68
Gautam Saraogi 0.87 0.87 3.47 3.47 3.47
Mohan R 3.29 3.29 11.39 13.14 -
Gayathri Venkatesan 0.40 0.40 1.60 0.66 -
Prakash Kumar Saraogi Interest Income - - - 0.14 -
Ms.Pushpa Saraogi Sale of finished goods q - : 0.05 -
Prakash Saraogi Loan given - - - 61.00 -
Prakash Saraogi Refund of loan given z z = 61.00 =
Enterprises owned or significantly influenced by KMP/ Directors and their relatives
Interest Income - - 0.43
Advance given ® 84.00 221.00 - 30.00
Refund of advance = 84.00 221.00 > 30.00
Sale of finished goods - * - - 0.01
Purchase of assets - = - 0.03 0.06
Meridian Global Ventures Rent and other expenses 4.89 4.21 18.58 16.13 14.13
Private Limited Subcontracting expenses 2 2 = 4.59 a
Security deposit - - - - 7.20
Electricity charges - = - 0.42 -
itera, i mT com,
Other income - * - 0.28 -

 

For details of the related party transactions in accordance with Ind AS 24, see ‘Related Party Transactions’ on
page 216.

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