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IRCON INTERNATIONAL LIMITED (A Govt. of India Undertaking)

An integrated Engineering and Construction Company

IRCON/SECY /STEX/124 BSE Limited Listing Dept./ Dept of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Scrip code /ID: 541956/IRCON

251h June, 2019 National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot no. C/1 , G Block Sandra -Kurla Complex, Sandra (East) Mumbai- 400 051 Scrip Code: IRCON-EQ

Sub: Disclosure of Related Party Transactions

Dear Sir/ Madam,

Pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 as amended, please find enclosed the note on related party transactions of

lrcon International Limited, on consolidated basis, for the period ending 31 51 March 2019.

Kindly take the above information on record.

Thanking you,

Yours faithfully, For lrcon International Limited

~~,,~ (Ritu Arora) Company Secretary & Compliance Officer Membership No: FCS 5270

quft<t:d •t>r ll l clll ~ft 4, n:n~<tc ~. m.t<T. ·t~ R~ 11oon. 'llT~d Registered. Office C-4. District Centre, Sake! , New Delhi- 110017, INDIA

Tel.: +91-11-29565666 Fax +91-11 26854000, 26522000 1 E-mail · info@ircon.org Web : www.ircon.org CIN L45203DL1 976G01008171

lrcon International Limited Relatd Party Disclosures: Disclosure as required by lnd AS 24 -"Related Party Disclosures" are as follows:

Name of the related Parties and description of relationship:

(a) Other Related Parties (where transactions have taken place during the year and previous year I balances outstanding): (i) Joint Venutre Companies

1) lrcon-Soma Tollway Private Limited (ISTPL) 2) Chhattisgarh East Railway Limited {CERL) 3) Chhattisgarh East-West Railway Limited {CEWRL) 4) Mahanadi Coal Rail Limited {MCRL)

5) Jharkhand Central Railway Limited {JCRL) 6} Baster Railway Private Limited {BRPL) 7} Indian Railway Station Development Corporation Limited

{i i) Unincorporated Joint Ventures

{iii) Trusts

{iv) Key Management Personnel

{v) Related Government Entity

1) IRCON-AFCONS

2) Express Freight Consortium 3) Express Freight Railway Consortium 4) RICON 5) lrcon-COBRA-ELIOP

6) lrcon- Sree Bhawani Builders 7) lrcon-SMJ Project JV 8) International Metro Civil Contractor {IMCC) 9) Metro Tunnelling Group {MTG)

10) lrcon-GANNON Dunkerly 11) lrcon-RCS-PFLEIDERER 12) IRCON-SPSCPL

1) lrcon Gratuity Trust 2) lrcon Employees Contributory PF Trust 3) lrcon Pension Trust 4) lrcon Medical Trust

1) Whole time Directors: -SIShri S.K. Chaudhary, SIShri M.K.Singh, SIShri Deepak Sabhlok and

SIShri Yogesh Kumar Misra w.e.f. 28th December, 2018 2) Directors (Official Government nominated):- SIShri S.C. Jain w.e.f. 24th October, 2018,

SIShri Piyush Agarwal w.e.f. 17th December, 2018, SIShri Ved Pal ceased to hold office w.e.f. 30th September, 2018 and SIShri Rajiv Chaudhry ceased to hold office w.e.f. 20th September,2018.

3) Independent Directors:- Dr. C.B Venkataramana, Dr. Narendra Singh Raina, SIShri Ashok Kumar Ganju, SIShri Sanjay Kumar Singh ceased to hold office w.e.f. 2nd July 2018, SIShri

Avineesh Matta ceased to hold office w.e.f. 31st March 2019 and Prof. Vasudha V. Kamat

ceased to hold office w.e.f. 31st March 2019. 4) Company Secretary:- Smt. Ritu Arora.

Ministry of Railways, Government of India

{b) Subsidiary Companies- Promoter Group (where transactions have taken place during the year and previous year I balances outstanding):

1) lrcon Infrastructure and Services Limited 2) lrcon PB Tollway Limited 3) lrcon ShivpuriGuna Tollway Limited 4) lrcon Davanagere Haveri Highway Limited 5) lrcon Vadodara Kim Expressway Limited

Related Party Disclosures- for the period from 1st April 2018 to 31st March, 2019

Details of Transactions:

Promotor Particulars Associates Joint Ventures Trusts KMP Group/Subsidiaries

Purchase of goods & servtces Net of Dtscount 1.42 . Sale of aoods and ser\llces Net of Dtscount 646.03 45959 . Reimbursement of deputation staff expenses, rent & other misc. expenses (Income) . 3.30 6.03 . lrcon GratutiY Trust Reimbursement . . . 7.25 lrcon GratUity Trusl Contnbution . . . 4.01 lrcon Employees Contributory PF Trust Contribution . . 26.27 lrcon Pension Trust Contribution . . . 10.91 lrcon Med1cal Trust Contribution . . . 6.32 Purchase of fixed assets . . . Sale of fixed assets . . . . Rendenna of serv1ces . . . . Rece1v1nq of servtces . . . Brand eau1IY conlnbution . . . -Contribution to Employee Benefit Plans - - - -Guarantee. collalerals etc cancelled - - -Remuneralion paid - short lerm emolovee benefils - . -Lona term emolovee benefits paid - - - . Short term emplovee benefits paid - - -lnteresl tncome 4.87 60.22 -Interest Paid - 2.92 -Interest passed on 01vidend rece1ved - - - -D1vidend Paid - - - -Dtvidend passed on Guarantee commiSSion earned - - -Loans aiven - 262.77 ImPairment of lnvestmenls- Reversal - - -1mPa1rment of Investments - - - -Damaaes towards contractual obliaa11on - - - -Eau1tV Investment 119.96 110.00 -Sale of Investments - - -Loans repatd (lncludmg loan converted mto eQUity) - - - -Loans prov1ded for as doubtful advances (including . -Depos11s laken - - -Deposits refunded - - - -Depos11s g1ven . - -Deposit received back - - - -Purchase of Investments - - - -Loan taken - - . Loan adJUSted against liability - - -Liability wntten back - - -Secunty depos1ts given - - - -Remunerat1on to D~rectors/Key Managenal Person . - - -Donation given - -Balances outstanding

Promotor Particulars Associates Joint Venture Trust Group/Subsidiary

Perpetual Secunttes Outstanding mcludtng 1nterest thereon - - - -EqUity lnvestmenl 447.24 490.05 -Redeemable Non-Convertible Debentures - - -Other recetvables 97.09 21 .16 -lrcon Gratuity Trust Recetvable - - - 4.01 Loans given (includtng interest thereon) - 39.00 1 029.44 -Loans provided for as doubtful advance (including 1nterest thereon - - -Depostts taken outstanding - - - -Dividend receivable - - -Guaranlee collaterals etc outstandtna - - - -letter of comfort outstand1na - - -Other payable - 0.09 1.42 -Advance work rece1pt - 65.34 -Advance rece1ved 154.90 73.93 -lrcon Graluttv Trust Payable - 2.92 Advance Payment to RLDA aaamst lease - -Loans taken - - -Note All outstandmg balances are unsecured.

2 All transact1on w1th the related part1es have been done at arms length 3 The Group's pnnc1pal related part1es cons1st of 1ts subsidiaries and jo1nt venlures, affiliates and key managerial personnel

The Group's matenal related party transact1on and outstanding balances are with related parties wilh whom the Group routinely enters 1nto lransacuon In the ordmary course of business

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KMP

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Related Govern me nt Entity

. 2 410.74

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125.61 -

198.07 4 .96

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2.31 --

Related Govern me nt Entity

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92.96 ----

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108 1 651 .12

-3 107 32 3,076 53