Atul Ltd 2016-17

121 Note 27.4 (A) Related Party information Name of the Related Party and nature of relationship No. Name of the Related Party Description of relationship T R Gopi Kannan Whole-time Director and CFO R A Shah Non-executive Director S S Baijal Non-executive Director B S Mehta Non-executive Director H S Shah Non-executive Director S M Datta Non-executive Director V S Rangan Non-executive Director M M Chitale Non-executive Director S A Panse Non-executive Director B R Arora Non-executive Director 38 Close family members of Key Management Personnel Vimlaben S Lalbhai Mother of S S Lalbhai Swati S Lalbhai Sister of S S Lalbhai Saumya S Lalbhai Son of S A Lalbhai Astha S Lalbhai Daughter of S S Lalbhai Nishtha S Lalbhai Daughter of S S Lalbhai 39 Welfare funds Atul Foundation Trust Entities over which Key Management Personnel or their close family members have significant influence Atul Kelavani Mandal Atul Rural Development Fund Atul Vidyalaya Urmi Stree Sanstha 40 Other Related Parties 4 The Atul Officers Retirement Benefit Fund Post-employment benefit plan of Atul Ltd Atul Products Ltd-Ankleshwar Division Employees' Provident Fund Trust Atul Limited Employees Gratuity Fund ¹ Associate company up to November 30, 2016 | 2 Investments held through subsidiary companies | 3 Under liquidation | 4 Refer Note 27.6 for information on transaction with post - employment benefit plans mentioned above. ( ` cr) Note 27.4 (B) Transactions with subsidiary companies 2016-17 2015-16 a) Sales and income 01 Sale of goods 457.64 344.39 Amal Ltd (Previous year: ` 26,100) – Atul Bioscience Ltd 25.52 21.67 Atul Biospace Ltd 9.35 3.77 Atul China Ltd 78.70 20.91 Atul Europe Ltd 198.12 114.07 Atul Infotech Pvt Ltd (Current year: ` 12,415) – Atul Middle East FZ-LLC – 1.24 Atul USA Inc 145.95 182.73 02 Service charges received 1.92 1.55 Amal Ltd 0.29 0.20 Atul Bioscience Ltd 1.43 1.16 Atul Crop Care Ltd 0.07 0.07 Atul Finserv Ltd 0.01 – Atul Infotech Pvt Ltd 0.09 0.10 Lapox Polymers Ltd 0.03 0.02 (continued) Notes to the Financial Statements