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Related Party Transactions

12 Months Ended

Mar. 31, 2024

NOTE 20 — RELATED PARTY TRANSACTIONS

Names of related parties and related party relationships:

30	Related party disclosures

A.	Names of related parties and related party relationships

i)	Parties where control exists
	Subsidiaries
	Lytus Technologies Pvt. Ltd – Wholly owned
	Globa Health Sciences, Inc (deconsolidated on March 1, 2023)
	Lytus technologies Inc (deconsolidated on April 1, 2023)
	Sri Sai Cable and Broadband Private Limited (acquired on April 1, 2022)

B	Key Management Personnel (KMP):

	Dharmesh Pandya	Chief Executive Officer & Managing Director
	Shreyas Shah	Chief Financial Officer & Executive Director
	Jagjit Singh Kohli	Director (resigned on January 19. 2023)
	Robert M. Damante	Independent Director
	Rajeev Kheror	Independent Director
	Parvez M. Master	Director
	Dr. Sanjeiiv Geeta Chaudhary	Independent Director (Removed on July 19, 2023)
	Palle Srinivas	Director (related to Sri Sai)
	Palle Sunitha	Director (related to Sri Sai)

C	Enterprise over which KMP has significant influences

	Achalaa Communication Networks	Partner in the firm (related to Sri Sai)
	Ayyappa Digital Communications	Partner in the firm (related to Sri Sai)
	Bhuvanagiri Digital Communications	Partner in the firm (related to Sri Sai)
	Godavarikhani Digital Communications	Partner in the firm (related to Sri Sai)
	Husnabad Digital Communications	Partner in the firm (related to Sri Sai)
	Jammikunta Digital Communications	Partner in the firm (related to Sri Sai)
	Marriguda Digital Communications	Partner in the firm (related to Sri Sai)
	Sangareddy Digital Communications	Partner in the firm (related to Sri Sai)
	Sircilla Digital Communications	Partner in the firm (related to Sri Sai)
	Sri Sai Communications (KNR)	Partner in the firm (related to Sri Sai)
	Sri Sai Digital Communications	Partner in the firm (related to Sri Sai)
	SSC Kamareddy Communications	Partner in the firm (related to Sri Sai)
	Thandpur Digital Communications	Partner in the firm (related to Sri Sai)
	TS Communications	Partner in the firm (related to Sri Sai)
	Vemulawada Digital Communications	Partner in the firm (related to Sri Sai)
	Gayathri Digital Communications	Partner in the firm (related to Sri Sai)
	Sri Sai Communication & Internet Pvt Ltd	Partner in the firm (related to Sri Sai)
	SSC Fiber Home Networks Pvt. Ltd	Partner in the firm (related to Sri Sai)
	Achala Media Television Pvt Ltd	Director (related to Sri Sai)
	Sri Sai Cable and Digital Networks Pvt Ltd	Partner in the firm (related to Sri Sai)
	Kings Broadband Pvt Ltd	Director (related to Sri Sai)
	Inygo Digital Networks Private Limited	Director (related to Sri Sai)
	SRI SAI FUTURE SOLUTION PRIVATE LIMITED	Director (related to Sri Sai)
	SSCBPL INYGO DIGITAL NEWORK PRIVATE LIMITED	Director (related to Sri Sai)
	SUBHODAYA DIGITAL ENTERTAINMENT PVT LTD	Director (related to Sri Sai)
	Lytus Technologies Inc	Director

D	Relatives of KMP:

	Palle Vikas	Relative of KMP (related to Sri Sai)
	Palle Vivek	Relative of KMP (related to Sri Sai)
	Nimish Pandya	Relative of KMP (brother of Mr. Dharmesh Pandya)

B. Transactions with Subsidiaries and Key Management Personnel:

		Subsidiaries				KMP						Significant influenc Entity-KMP					Relatives of KMP
S. No.	Particulars	March 31, 2024	March 31, 2023			March 31, 2024			March 31, 2023			March 31, 2024			March 31, 2023		March 31, 2024			March 31, 2023
1	Transactions made during the year
2	Subscription income															107,322.00
3	STB Installation charges												61,628			125,071.00
4	Loan taken			3,853,017	*		1,850,313			311.00								124,918
5	Loan write back									10.00
6	Loan Repayment						(912,506	)		(19,000.00	)							(93,704	)
7	Commission expenses												1,047,025			696,746.00
8	Bandwidth charges												24,098			25,245.00
9	Sales/Purchase of materials												1,297			5,111.00
12	Remuneration						285,294			95,644.00								36,103			20,507.00
13	Rent paid/ provided						7,459														6,703.00
16	Interest on loans												212.			218.00
	Issue of Shares			2,501,000	*
	Investment in CCD of Subsidiary			3,853,017	*								135,000	**
17	Investments in shares of subsidiaries			2,501,000	*
18	Reimbursement of expenses						29,266			31,155.00
19	Loans and Advances given			3,853,017	*								135,000	**				0			97,355.00
20	Loans and Advances received back						(214,458	)
1	Trade receivable												444,082			352,424.00
2	Trade payable									3,555.00			3,036,901			2,712,683.00
3	Outstanding loan payable			3,853,017	*		1,459,144			544,851.00			3,836,282	**		-		31,019			1,304
4	Outstanding loan receivable			3,853,017	*								3,988,017	**		35,598.00					95,443.00
7	Outstanding receivable									214,458.00			1,354,871			1,083,034.00
9	IPO amount with Lytus Inc Receivable			118,728	*
10	IPO amount of Lytus BVI Payable			118,728	*																20,507.00
11	Options outstanding																	94,118

*	Transactions in consolidated financials eliminated as inter-company transactions
**	Transactions eliminated as per Option agreements in respect to the subscription of Compulsorily Convertible Debentures issued by Lytus India

Compensation and benefits to Key Management Personnel would commence upon confirmation by independent compensation committee. The compensation committee is expected to be held on or before September 30, 2024.