Gillette_India_Limited_AR_20

Annual Report 2019-20 123 Notes to Financial Statements for the year ended June 30, 2020 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited (iii) Key Management Personnel of the Company: S. No. Name Designation 1 Mr. Madhusudan Gopalan Managing Director (w.e.f.July 1, 2018) 2 Mr. Gagan Sawhney Chief Financial Officer (w.e.f. January 1, 2017) 3 Mr. Gagan Sawhney Executive Director (w.e.f. August 22, 2019) 4 Mr. Karthik Natarajan Whole time director (w.e.f. January 23, 2017) 5 Ms. Sonali Dhawan Non-executive Director Note : Related parties have been identified by the management. (c) Details of related party transactions between the Company and its related parties are as under: ` in lakhs S. No. Nature of Transactions For the year ended June 30 Ultimate Holding & Holding Company Fellow Subsidiary Companies Key Managerial Personnel 1 Purchase of Goods 2020 — 37 862 — 2019 — 42 161 — 2 Purchase of Equipment/Assets/Spares 2020 — 1 742 — 2019 — 3 646 — 3 Purchase of Duty Scripts 2020 — 448 — 2019 — — — 4 Sale of Products 2020 — 11 280 — 2019 — 13 021 — 5 Sale of Capital goods 2020 — — — 2019 — 14 — 6 Loans Given 2020 — — — 2019 — 10 000 — 7 Loans Realised 2020 — — 19 2019 — 10 000 14 8 Interest Income 2020 — 3 1 2019 — 360 1 9 Recovery of Expenses Cross charged 2020 225 2 872 — 2019 468 4 733 — 10 Expenses cross-charged 2020 247 1 589 — 2019 481 1 394 — 11 Reimbursement of expenses shared by group cos. (Income) 2020 — 136 — 2019 — 57 — 12 Reimbursement of expenses shared by group cos. (Expense) 2020 — 2 628 — 2019 — 1 905 — 13 Business Process Outsourcing expenses 2020 2 625 637 — 2019 2 370 698 —