I TILES MARBLE MOSAICO

To,

Corporate Service Dept. Bombay Stock Exchange Limited Jeejeebhoy Towers Dalal Street, Mumbai - 400 001 Script code: 532722

Dear Sir/ Madam,

Date: 19th November, 2019

The Listing Department, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip t code: NITCO

Sub: Disclosure of Related Party Transactions for the half year ended 30th September, 2019 pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015, please find enclosed herewith the details of Related Party Transactions, on consolidated basis, for the half year ended 30th September, 2019.

This is for your information and record.

Yours faithfully, For NITCO Limited

Motwani C mpany Secretary & Compliance Officer

Corporate Office: NITCO Li mited, NITCO House, Sheth Govindram Jolly Marg, Kanj ur Marg East, Mumba i - 400 042 . Tel.: 91-22-67302500 I 67521555, Fax: 91 -22-25786484. CIN: L26920MH 1966PLC016547.

Ema il:investorg rieva nces@nit co .in, Website: www.nit co. in

NITCO LIMTIED

Related Party Disclosures for Nitco Limited on a consolidated basis - Half year ended September 30, 2019.

Related party disclosures as required by IND As 24 "Related Party Disclosures" are given below:

(A) List of related parties with whom transactions have taken place:

Key Management Personnel (KMP) Mr. Vivek Talwar- Chairman & Managing Director I Mr. Rajesh Sunderlal Shah - Director

Mr. Rajeshbhai J Likh iya- Director I Mr. Rameshchandra Mithalal Derasariya- Director

List of other related parties

Entity having significant influence over the Company Aurelia Estate & I nvestment Pvt. Ltd.

Post- Employment benefit plans Nitco Limited Employees Group Gratuity Schemes Nitco Tiles Ltd . Superannuation Fund

Relative of Key Management Personnel (KMP)

Anjali Talwar Khushbuben Rameshbhai Derasariya

Rohan Talwar Meenaben C.Gandhi

Poonam Talwar Nayna Pravinbha i Mehta

Abhishek Sureshbhai Mehta Payal Vishal Gandh i

Ashvinbhai Raghavjibhai Jivani Pravinchandra Sevantilal Sheth - HUF

Dhirubhai Bhurabhai Boda Rajesh S.Shah

Hardik Rajeshbhai Likhiya Rameshbhai Babu lal Bhadja

Hina Yogesh Gandhi Sadhna Sureshbhai Mehta

Jayesh Mavjibhai Chan iyra Utsav V Mehta

Karan Pravinbhai Shah

Entities where control/ significant influence by KMPs and their relatives exists and with whom transaction have taken place Eden Garden Builders Pvt. Ltd. Nitco Tiles & Marble I ndustries (Andhra) Pvt. Ltd.

Enjoy Builders Pvt. Ltd. Nitco Sales Corporation Delhi

Lavender Properties Pvt. Ltd. Nitco Tiles Sales Corporat ion

Prakalp Properties Pvt. Ltd. Northern India Tiles Sales Corporat ion

Rang Mandir Builders Pvt. Ltd . Gem manufacturing I ndia Pvt. Ltd.

Usha Kiran Bu ilders Pvt. Ltd. Unique Cera Tileware Pvt. Ltd.

Saisha Trading LLP Multistone Granito Pvt. Ltd.

I B Hospitality Pvt. Ltd . Patidar Power Pvt. Ltd.

Watco Trading Private Limited Vardhman Vitrified Pvt. Ltd.

Watco Engineering Pvt. Ltd. Nilcity Plast Pvt. Ltd .

*

(B) Transactions during half year ended September 30, 2019 w ith Related Parties:

Transaction Key

Management Personnel

Entities where control/

significant influence by KMPs and their relatives

exist

Post­employment benefit plan

Sitting fees on behalf of Nominee Directors i.e. Mr. Vivek Grover and Mr. Samir Chawla is paid to JM Financial

Asset Reconstruction Company Limited (JMFARC).

(B) Balances outstanding with Related Parties as at September 30, 2019:

Transactions

Amount Receivable/ (Payable)

Saumya Buildcon Pvt. Ltd .

Eden Garden Builders Pvt. Ltd .

Enjoy Bu ilders Pvt. Ltd.

Lavender Properties Pvt . Ltd .

Prakalp Properties Pvt. Ltd.

Rang Mandir Builders Pvt. Ltd .

Usha Kiran Bu ilders Pvt. Ltd .

Poonam Ta lwar

Nitco T iles & Marble I ndustries (Andhra)

Pvt. Ltd .

Nitco Paints Pvt . Ltd .

Eden Garden Builders Pvt. Ltd.

Enjoy Builders Pvt. Ltd.

Lavender Propert ies Pvt. Ltd.

Prakalp Properties Pvt. Ltd.

Rang Mandir Builders Pvt. Ltd.

Usha Kiran Builders Pvt. Ltd.

Sa isha Trading LLP

Watco Trading Private Lim ited

Watco Engineering Pvt. Ltd.

Nitco Sales Cor porat ion Delhi

Nitco Tiles Sales Corporation

Northern India Tiles Sales Corporation

JM Townsh ip & Real Estate Pvt. Ltd.

Rajeshbhai Likh iya

Abhishek Sureshbhai Mehta

Ashvinbhai Raghavjibhai Jivani

Dh irubhai Bhurabhai Boda

Hardik Rajeshbhai Likh iya

Hina Yogesh Gandhi

Jayesh Mavjibh ai Chaniyra

Karan Pravinbh ai Shah

Khushbuben Rameshbhai Derasariya

Meenaben C.Gandhi

Nayna Pravinbhai Mehta

Payal Vishal Gandhi

Pravinchandra Sevantila l Sheth - HUF

Rajesh S.Shah

Rameshbhai Babu lal Bhadja

Key Management

Personnel

(19.50)

As at September 30, 2019

Entities where control/ Post-significant

influence by KMPs employment

and their relative benefit plan

exist

995.99

150.00

205.00

150.00

145 .00

200.00

150.00

9.19

1.00

(191.50)

(17.10)

(26 .74)

(20 .88)

(19.30)

(27 .70)

(20 .70)

(330.51)

(115 .70)

(23 .40)

(0.02)

(0 .23) (1.73)

965 .50

(21.50)

(13 .00)

(2.00)

(12.50)

(96.49)

(26 .90)

(10.59)

(7 .50)

(87.35)

(14.50)

(21.17)

(16.29)

(21.17)

(10.75)

Rs. in Lacs

995.99

150.00

205 .00

1so.oo 1

145.00

200.00

150.00 I

9.19

1.00

(191.50)

(17. 10)

(26.74)

(20 .88)

(19.30)

(27 .70)

(20.70)

(330.51)

(115.70)

(23.40)

(0.02)

(0 .23) (1.73)

965.50

(19.50)

(2 1.50)

(13.00)

(2 .00)

(12.50)

(96.49)

(26.90)

(10.59)

(7.50)

Sadhna Sureshbhai Mehta (27.00) (27.00)

Utsav V Mehta (7 .00) (7 .00)

Vardhman Vitrified Pvt. Ltd. 18.94 18.94

Nilcity Plast Pvt . Ltd . (0.71) (0.71)

Vardhman Vitrif ied Pvt. Ltd. (1.00) (1.00)

Nitco Limit ed Employees Group Gratu ity (352 .38) (352.38) Schemes