General information about company

Name of The CompanyDivgi TorqTransfer Systems Limited
BSE Scrip Code543812
NSE SymbolDIVGIITTS
MSE SymbolNOTLISTED
Date of Start of Financial Year01-04-2023
Date of End of Financial Year31-03-2024
Reporting PeriodFirst half yearly
Date of Start of Reporting Period01-04-2023
Date of End of Reporting Period30-09-2023
Level of rounding to be used in disclosing related party transactionsMillions
Whether the company has any related party?Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes



(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/publicNA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.






Related party transactions

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr No.Details of the party (listed entity /subsidiary) entering into the transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investmentsNotes
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment )Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1Divgi TorqTransfer Systems LimitedAAACD7364HDivgi Transmission Systems & Technologies Private LimitedAABCD8647COther Related PartyPurchase of goods or servicesNA14.546.0916.04Textual Information(1)
2Divgi TorqTransfer Systems LimitedAAACD7364HDivgi Transmission Systems & Technologies Private LimitedAABCD8647COther Related PartySale of goods or servicesNA1.21.661.51Textual Information(2)
3Divgi TorqTransfer Systems LimitedAAACD7364HDivgi Holdings Private LimitedAABCD7064KHolding CompanyPurchase of goods or servicesNA2.310.430.42Textual Information(3)
4Divgi TorqTransfer Systems LimitedAAACD7364HDivgi Holdings Private LimitedAABCD7064KHolding CompanySale of goods or servicesNA0.0025440.250.25Textual Information(4)
5Divgi TorqTransfer Systems LimitedAAACD7364HMr. Jitendra Bhaskar DivgiAANPD1400AKey Managerial Personnel Remuneration2.19NA2.1916.7817.12Textual Information(5)
6Divgi TorqTransfer Systems LimitedAAACD7364HMr. Hirendra Bhaskar DivgiAAXPD7899MKey Managerial Personnel Remuneration1.33NA1.338.488.55Textual Information(6)
7Divgi TorqTransfer Systems LimitedAAACD7364HMr. Sudhir Shridhar MirjankarAFTPM5369LChief Financial OfficerRemuneration1.02NA1.020.820.71Textual Information(7)
8Divgi TorqTransfer Systems LimitedAAACD7364HMr. Satish Chandrashekhar KadrolliCELPK6255ECompany SecretaryRemuneration0.24NA0.240.240Textual Information(8)
9Divgi TorqTransfer Systems LimitedAAACD7364HMs. Sanika Surendra NirgudeBJAPN4218BCompany SecretaryRemuneration0.33NA0.330.020.15Textual Information(9)
10Divgi TorqTransfer Systems LimitedAAACD7364HMr. Praveen Purushottam KadleAEEPK1052JIndependent DirectorAny other transactionSitting Fees and Commission2.39NA2.3851.810.91Textual Information(10)
11Divgi TorqTransfer Systems LimitedAAACD7364HMr. Pradip Vasant DubhashiABAPD7732RIndependent DirectorAny other transactionSitting Fees and Commission2.39NA2.3851.810.91Textual Information(11)
12Divgi TorqTransfer Systems LimitedAAACD7364HMs. Geeta Prafullachandra ToliaABJPT5737HIndependent DirectorAny other transactionSitting Fees and Commission2.41NA2.411.810.91Textual Information(12)
13Divgi TorqTransfer Systems LimitedAAACD7364HMr. Pundalik Dinkar KudvaAGIPK4605MIndependent DirectorAny other transactionSitting Fees and Commission2.16NA2.161.810.91Textual Information(13)
14Divgi TorqTransfer Systems LimitedAAACD7364HMr. Bharat Bhalchandra DivgiAAUPD9772CNon-Executive Non-Independent DirectorAny other transactionSitting Fees 0.15NA0.1500Textual Information(14)
15Divgi TorqTransfer Systems LimitedAAACD7364HMr. Sanjay Bhalchandra DivgiADNPD4920ANon-Executive Non-Independent DirectorAny other transactionSitting Fees 0.15NA0.1500Textual Information(15)
16Divgi TorqTransfer Systems LimitedAAACD7364HMs. Jyothi Bharat DivgiAMLPD4606QRelative of DirectorRemuneration0.24NA0.240.040.04Textual Information(16)
Total value of transaction during the reporting period33.042544