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 PeriodSecond half yearly
Date of Start of Reporting Period01-10-2023
Date of End of Reporting Period31-03-2024
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 servicesNA19.966.046.93Textual Information(1)
2Divgi TorqTransfer Systems LimitedAAACD7364HDivgi Transmission Systems & Technologies Private LimitedAABCD8647COther Related PartySale of goods or servicesNA1.21.511.58Textual Information(2)
3Divgi TorqTransfer Systems LimitedAAACD7364HDivgi Holdings Private LimitedAABCD7064KHolding CompanyPurchase of goods or servicesNA2.310.420.42Textual Information(3)
4Divgi TorqTransfer Systems LimitedAAACD7364HDivgi Holdings Private LimitedAABCD7064KHolding CompanySale of goods or servicesNA00.250.25Textual Information(4)
5Divgi TorqTransfer Systems LimitedAAACD7364HJitendra Bhaskar DivgiAANPD1400AKey Managerial Personnel Remuneration2.19NA1.2812.39.19Textual Information(5)
6Divgi TorqTransfer Systems LimitedAAACD7364HHirendra Bhaskar DivgiAAXPD7899MKey Managerial Personnel Remuneration1.33NA1.646.234.59Textual Information(6)
7Divgi TorqTransfer Systems LimitedAAACD7364HSudhir Shridhar MirjankarAFTPM5369LChief Financial OfficerRemuneration1.02NA0.430.820.39Textual Information(7)
8Divgi TorqTransfer Systems LimitedAAACD7364HSatish Chandrashekhar KadrolliCELPK6255ECompany SecretaryRemuneration0.24NA0.240.240Textual Information(8)
9Divgi TorqTransfer Systems LimitedAAACD7364HSanika Surendra NirgudeBJAPN4218BCompany SecretaryRemuneration0.33NA0.040.150.11Textual Information(9)
10Divgi TorqTransfer Systems LimitedAAACD7364HPraveen Purushottam KadleAEEPK1052JIndependent DirectorAny other transactionSitting Fees and Commission2.39NA0.4500.12Textual Information(10)
11Divgi TorqTransfer Systems LimitedAAACD7364HPradip Vasant DubhashiABAPD7732RIndependent DirectorAny other transactionSitting Fees and Commission2.39NA0.450.050.12Textual Information(11)
12Divgi TorqTransfer Systems LimitedAAACD7364HGeeta Prafullachandra ToliaABJPT5737HIndependent DirectorAny other transactionSitting Fees and Commission2.41NA0.420.050.12Textual Information(12)
13Divgi TorqTransfer Systems LimitedAAACD7364HPundalik Dinkar KudvaAGIPK4605MIndependent DirectorAny other transactionSitting Fees and Commission2.16NA0.320.050.12Textual Information(13)
14Divgi TorqTransfer Systems LimitedAAACD7364HBharat Bhalchandra DivgiAAUPD9772CNon-Executive Non-Independent DirectorAny other transactionSitting Fees 0.15NA0.7500Textual Information(14)
15Divgi TorqTransfer Systems LimitedAAACD7364HSanjay Bhalchandra DivgiADNPD4920ANon-Executive Non-Independent DirectorAny other transactionSitting Fees 0.15NA0.7500Textual Information(15)
16Divgi TorqTransfer Systems LimitedAAACD7364HJyothi Bharat DivgiAMLPD4606QRelative of DirectorRemuneration0.24NA00.040.04Textual Information(16)
Total value of transaction during the reporting period30.24