General information about company

Name of The CompanyBRIGHT BROTHERS LIMITED
BSE Scrip Code526731
NSE Symbol
MSE Symbol
Date of Start of Financial Year01-04-2022
Date of End of Financial Year31-03-2023
Reporting PeriodSecond half yearly
Date of Start of Reporting Period01-10-2022
Date of End of Reporting Period31-03-2023
Level of rounding to be used in disclosing related party transactionsLakhs
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)
1BRIGHT BROTHERS LIMITEDAAACB3010GMs. Ruchika BhojwaniABPPB9116QRelative of KMPRemuneration30Approved by the Audit Committee14.942.222.22Textual Information(1)
2BRIGHT BROTHERS LIMITEDAAACB3010GMr. Chirag ShahARWPS3679LKey Managerial PersonnelRemunerationApproved by Board of Directors. Audit Committee approval not required36.234.994.99Textual Information(2)
3BRIGHT BROTHERS LIMITEDAAACB3010GMrs. Sonali PednekarBHJPS1583BKey Managerial PersonnelRemunerationApproved by Board of Directors. Audit Committee approval not required4.190.630.63Textual Information(3)
4BRIGHT BROTHERS LIMITEDAAACB3010GMr. Suresh BhojwaniAAEPB3405EKey Managerial PersonnelRemunerationApproved by Board of Directors and shareholders. Audit Committee approval not required45.966.96.9Textual Information(4)
5BRIGHT BROTHERS LIMITEDAAACB3010GMrs. Devika BhojwaniAAEPB6872HKey Managerial PersonnelRemunerationApproved by Board of Directors and shareholders. Audit Committee approval not required7.790.711.13Textual Information(5)
6BRIGHT BROTHERS LIMITEDAAACB3010GMr. Karan BhojwaniABFPB4816KKey Managerial PersonnelRemunerationApproved by Board of Directors and shareholders. Audit Committee approval not required28.754.114.11Textual Information(6)
7BRIGHT BROTHERS LIMITEDAAACB3010GMr. T.S. SethurathnamABBPS5288AIndependent DirectorAny other transactionSitting FeesApproved by Board of Directors. Audit Committee approval not required0.5100.2Textual Information(7)
8BRIGHT BROTHERS LIMITEDAAACB3010GMr. Anil Kumar BhandariACLPB8346FIndependent DirectorAny other transactionSitting FeesApproved by Board of Directors. Audit Committee approval not required0.8200.2Textual Information(8)
9BRIGHT BROTHERS LIMITEDAAACB3010GMr. Viswanath KuchimanchiAARPV3099FIndependent DirectorAny other transactionSitting FeesApproved by Board of Directors. Audit Committee approval not required0.8100.2Textual Information(9)
10BRIGHT BROTHERS LIMITEDAAACB3010GQuality PlasticsAAAFQ0005FPartnership firm in which Mr. Suresh Bhojwani and Mr. Karan Bhojwani is partnerPurchase of goods or services15Approved by the Audit Committee7.469.3410.05Textual Information(10)
11BRIGHT BROTHERS LIMITEDAAACB3010GQuality PlasticsAAAFQ0005FPartnership firm in which Mr. Suresh Bhojwani and Mr. Karan Bhojwani is partnerAny other transactionRent Payment16Approved by the Audit Committee7.200Textual Information(11)
12BRIGHT BROTHERS LIMITEDAAACB3010GQuality PlasticsAAAFQ0005FPartnership firm in which Mr. Suresh Bhojwani and Mr. Karan Bhojwani is partnerAny other transactionRoyalty Received4Approved by the Audit Committee3.8100Textual Information(12)
13BRIGHT BROTHERS LIMITEDAAACB3010GMs. Hira BhojwaniAAEPB9821GPromoterAny other transactionInterest PaidApproved by Board of Directors. Audit Committee approval not required4.6700Textual Information(13)
14BRIGHT BROTHERS LIMITEDAAACB3010GMr. Suresh BhojwaniAAEPB3405EKey Managerial PersonnelAny other transactionInterest PaidApproved by Board of Directors. Audit Committee approval not required0.8100Textual Information(14)
15BRIGHT BROTHERS LIMITEDAAACB3010GMrs. Devika BhojwaniAAEPB6872HKey Managerial PersonnelAny other transactionInterest PaidApproved by Board of Directors. Audit Committee approval not required1.800Textual Information(15)
16BRIGHT BROTHERS LIMITEDAAACB3010GBright Brothers LLCZZZZZ9999ZWholly Owned SubsidiaryInvestmentApproved by Board of Directors. Audit Committee approval not required61.7100Investment 0NASecuredCapital Contribution for the purpose of businessTextual Information(16)
Total value of transaction during the reporting period227.46



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As per the Operating Agreement of Bright Brothers LLC, Bright Brothers Limited being the sole members of the Limited Liability Company (LLC) has contributed US$75000 towards Capital/Equity Contribution of the LLC.