JIK INDUSTRIES LIMITED

Regd. Office: Pada No. 3, Balkum, Thane (W) - 400 608, India CIN: L65990MH1990PLC056475

Tel: +91-22-2542-6356 Email: admin@jik.co.in Website: www.jik.co.in

November 12, 2020 The Asst. Vice President Corporate Relation Department National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

Dear Sir/Madam,

Sub: Disclosures of Related Party Transactions under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended on September 30, 2020 Scrip Code: JIKIND

In pursuant to Regulation 23(9) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed herewith Disclosures of Related Party Transactions on a consolidated basis in the format specified in the relevant accounting standards for the half year ended September 30, 2020. You are requested to take on record of the same. Yours faithfully, For JIK Industries Limited

Sd/- Akash Jain Company Secretary & Compliance Officer Enc.: As Above

JIK INDUSTRIES LIMITED

Regd. Office: Pada No. 3, Balkum, Thane (W) - 400 608, India CIN: L65990MH1990PLC056475

Tel: +91-22-2542-6356 Email: admin@jik.co.in Website: www.jik.co.in

RELATED PARTIES DISCLOSURES Information on related party transactions as required by Indian Accounting Standard 24 (Ind AS 24) on related party disclosures for the year ended 30th September, 2020 1) List of Related Parties and their Relationships:

(a) Subsidiary Companies : (Subsidiaries)

Name of Subsidiary Principal Place of Business % of Holding

I. A. & I. C. Private Limited (IAICPL) India 98.07

Shah Pratap Industries Private Limited (SPIPL) India 94.54

Durlabh Commodities Private Limited (DCPL) India 100.00

(b) Key Managerial Personnel: (KMP)

(i) Shri. Rajendra G. Parikh (RGP) (ii) Shri. Surendra C. Gurav (SCG) Note: Related party relationship is identified by the Company and relied upon by the auditors.

2) Details of Transactions with Related Parties:

S No. Nature of Transaction Subsidiaries KMP

IAICPL SPIPL DCPL RGP SCG

1. Remuneration Paid

- Short-Term Employee Benefits

- - - - -

- Post-Employment Benefits - - - - -

2. Loans & Advances Receivable / Payable by Company

A. Loan Taken NIL NIL NIL 10,43,463 NIL

B. Loan Repaid NIL NIL NIL 2,62,000 NIL

C. Loan Given NIL NIL NIL NIL NIL

D. Loan Recovered NIL NIL NIL NIL NIL

JIK INDUSTRIES LIMITED

Regd. Office: Pada No. 3, Balkum, Thane (W) - 400 608, India CIN: L65990MH1990PLC056475

Tel: +91-22-2542-6356 Email: admin@jik.co.in Website: www.jik.co.in

3) The amount outstanding and maximum balance outstanding at any time during the Year:

S No. Name Amount Due on September 30, 2020

Maximum Amount Due

Amount Due From:

1. I. A. & I. C. Private Limited (IAICPL) 3,85,381 3,85,381

2. Shah Pratap Industries Private Limited (SPIPL) 1,22,947 1,22,947

3. Durlabh Commodities Private Limited (DCPL) 2,08,086 2,08,086

Amount Due To:

4. Rajendra G. Parikh (RGP) 6,58,43,205 6,60,42,115