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Related party transaction: | 12 Months Ended
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Mar. 31, 2022
Disclosure of related parties [Abstract] |
Disclosure of related party [text block] |
| 32. | Related party transaction:
The related parties where control / significant influence exists are subsidiaries and associates. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director whether executive or otherwise. Key management personnel include the board of directors and other senior management executives. The other related parties are those with whom the Group has had transaction during the years ended March 31, 2022, 2021 and 2020 are as follows:
|  | Country |  |  | % of Ownership interest |
Particulars |  | of incorporation |  |  | March 31, 20 22 |  |  | March 31, 20 21 |
Holding Company |  |  |  |  |  |  |  |  |  |  |  |
Infinity Satcom Universal Private Limited |  |  | India |  |  |  |  |  |  |  |  |
Raju Vegesna Infotech & Industries Private Limited (Subsidiary of Infinity Satcom Universal Private Limited) |  |  | India |  |  |  |  |  |  |  |  |
Ramanand Core Investment Company Private Limited (Subsidiary of Raju Vegesna Infotech & Industries Private Limited) |  |  | India |  |  |  |  |  |  |  |  |
Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |
Sify Technologies (Singapore) Pte. Limited |  |  | Singapore |  |  |  | 100 |  |  |  | 100 |
Sify Technologies North America Corporation |  |  | USA |  |  |  | 100 |  |  |  | 100 |
Sify Data and Managed Services Limited |  |  | India |  |  |  | 100 |  |  |  | 100 |
Sify Infinit Spaces Limited |  |  | India |  |  |  | 100 |  |  |  | 100 |
Sify Digital Services Limited |  |  | India |  |  |  | 100 |  |  |  | - |
Print House (India) Private Limited |  |  | India |  |  |  | 100 |  |  |  | - |
Trust controlled by KMP: |  |  | India |  |  |  |  |  |  |  |  |
Raju Vegesna Foundation |  |  |  |  |  |  |  |  |  |  |  |
The following is a summary of the related party transactions for the year ended March 31, 2022:
Transactions |  | Holding Company |  |  | Associates |  |  | Others |  |  | Key Management Personnel |
Consultancy services received |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 300 |
Sitting fees paid |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,000 |
Salaries and other short term benefits* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 56,006 |
Contributions to defined contribution plans* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,850 |
Share based payment transactions* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,507 |
Lease rentals paid** |  |  | 1,369 |  |  |  | - |  |  |  | 7,220 |  |  |  | - |
Preference shares issued# |  |  | - |  |  |  | - |  |  |  | 500,000 |  |  |  | - |
Dividend paid |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
CSR Contribution made |  |  | - |  |  |  | - |  |  |  | 13,220 |  |  |  | - |
Advances given Amount of outstanding balances |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Advance lease rentals and refundable deposits made** |  |  | - |  |  |  | - |  |  |  | 5,600 |  |  |  | - |
Lease rentals payable** |  |  | 200 |  |  |  | - |  |  |  | 600 |  |  |  | - |
The following is a summary of the related party transactions for the year ended March 31, 2021:
|  |  |  |  |  |  |  |  |  |  | Key |
|  | Holding |  |  |  |  |  |  |  |  | Management |
Transactions |  | Company |  |  | Associates |  |  | Others |  |  | Personnel |
Consultancy services received |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 300 |
Sitting fees paid |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,380 |
Salaries and other short term benefits* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 41,135 |
Contributions to defined contribution plans* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,619 |
Share based payment transactions* |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 11,242 |
Lease rentals paid** |  |  | 1,220 |  |  |  | - |  |  |  | 7,160 |  |  |  | - |
Preference shares issued# |  |  | - |  |  |  | - |  |  |  | 500,000 |  |  |  | - |
Dividend paid |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Advances given Amount of outstanding balances |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Advance lease rentals and refundable deposits made** |  |  | - |  |  |  | - |  |  |  | 5,560 |  |  |  | - |
Lease rentals payable** |  |  | 135 |  |  |  | - |  |  |  | 710 |  |  |  | - |
The following is a summary of the related party transactions for the year ended March 31, 2020:
Transactions |  | Holding Company |  |  | Associates |  |  | Others |  |  | Key Management Personnel |
Consultancy services received |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 300 |
Sitting fees paid |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,540 |
Salaries and other short term benefits |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 41,454 |
Contributions to defined contribution plans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,702 |
Share based payment transactions |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,095 |
Lease rentals paid** |  |  | 1,190 |  |  |  | - |  |  |  | 6,713 |  |  |  | - |
Dividend paid |  |  | 137,900 |  |  |  | - |  |  |  | 17,400 |  |  |  | - |
Advances given |  |  | - |  |  |  | - |  |  |  | 3,000 |  |  |  | - |
Amount of outstanding balances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advance lease rentals and refundable deposits made** |  |  | - |  |  |  | - |  |  |  | 5,600 |  |  |  | - |
Lease rentals payable** |  |  | - |  |  |  | - |  |  |  | 820 |  |  |  | - |
* Represents salaries and other benefits of Key Management Personnel comprising of Mr. Kamal Nath - Chief Executive Officer (Sify Technologies Limited), Mr. M P Vijay Kumar - Chief Financial Officer and Mr. C R Rao - Chief Operating Officer. **During the year 2011-12, the Group had entered into a lease agreement with M/s Raju Vegesna Infotech and Industries Private Limited, the holding Group, to lease the premises owned by it for a period of three years effective February 1, 2012 on a rent of ₹ 0.075 million per month. Subsequently, the Group entered into an amendment agreement with effect from April 1, 2013, providing for automatic renewal for a further period of two blocks of 3 years with an escalation of 15 % on the last paid rent after the end of every three years. Subsequently on account of expiry of the said agreement, the Group entered into a fresh agreement for a period of three years effective February 01, 2021 on a rent of ₹ 0.114 per month. During the year 2011-12, the Group had also entered into a lease agreement with M/s Raju Vegesna Developers Private Limited, a Group in which Mr Ananda Raju Vegesna, Executive Director of the Group and Mr Raju Vegesna, Chairman and Managing director of the Group exercise significant influence, to lease the premises owned by it for a period of three years effective February 1, 2012 on a rent of ₹ 0.030 million per month. The agreement provides for the automatic renewal for further period of two blocks of 3 years with an escalation of 15 % on the last paid rent after the end of every three years. Subsequently on account of expiry of the said agreement, the Group entered into a fresh agreement for a period of three years effective February 01, 2021 on a rent of ₹ 0.046 million per month. During the year 2010-11, the Group had entered into a lease agreement with Ms Radhika Vegesna, daughter of Mr Anand Raju Vegesna, Executive Director of the Group, to lease the premises owned by her for a period of three years effective June 1, 2010 on a rent of ₹ 0.3 million per month and payment of refundable security deposit of ₹ 2.6 million. This arrangement will automatically be renewed for a further period of two blocks of three years with all the terms remaining unchanged. Subsequently on account of expiry of the said agreement, the Group entered into a fresh agreement for a period of three years effective June 1, 2019 on a rent of ₹ 0.556 million per month and payment of additional refundable security deposit of ₹ 3 million. This arrangement will automatically be renewed for a further period of two blocks of three years with all the terms remaining unchanged. # ₹ 500 million towards Cumulative Non-convertible Redeemable preference shares issued by Print house (India) Private limited to Ramanand Developers private limited with the tenure of 20 years from the date of allotment which will carry a preferential dividend of 9% per annum, payable till redemption.

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2021-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2021-03-24 + Details
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- References No definition available. + Details
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