v3.25.2
Related party disclosure (Tables)
12 Months Ended
Mar. 31, 2025
Disclosure of transactions between related parties [abstract]  
Summary of Detailed Information About Related Party Relationship
i)
Entities owned or significantly influenced by key management personnel or their relatives

ReNew Foundation

ii)
Entities under joint control (refer Note 51)

3E NV and 3E Renewable Energy Software and Services Private Limited (with effect from December 14, 2022)

Fluence India ReNew JV Private Limited (with effect from October 12, 2022)

Disclosure Of Information About Terms and Conditions of Transactions With Related Parties
iii)
Terms and conditions of transactions with related parties

The transactions with related parties are made at arm’s length prices. Outstanding balances at the year-end are unsecured and interest free (other than interest carrying loan balances) and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the years ended March 31, 2025, 2024 and 2023, the Group has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken on a forward-looking basis at each reporting period end through examining the historical information and financial position of the related party that is adjusted to reflect current conditions of market in which the related party operates.

Summary of Remuneration to Key Managerial Personnel and Their Relatives
iv)
Remuneration to Key Management Personnel and their relatives

 

 

 

 

For the year ended March 31,

 

Remuneration to Key Management Personnel

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Short-term benefits

 

 

 

280

 

 

 

626

 

 

 

905

 

 

 

11

 

Share based payments

 

 

 

2,085

 

 

 

1,753

 

 

 

1,576

 

 

 

18

 

Post-employment benefits

 

 

 

6

 

 

 

1

 

 

 

6

 

 

 

0

 

 

 

 

 

2,372

 

 

 

2,380

 

 

 

2,487

 

 

 

29

 

Payment to non-executive directors (includes Directors sitting fee and commission)

 

67

 

 

 

83

 

 

 

76

 

 

 

1

 

 

During the year ended March 31, 2025, the Company has granted 4,266,892 options (March 31, 2024: 12,287,354 options; March 31, 2023: 4,087,354 options) to key management personnel under 2021 Incentive Award plan (refer Note 39).

Key Management Personnel (KMP) are those persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly, including any director (whether executive or otherwise).

 

 

 

 

For the year ended March 31,

 

Other related party

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Remuneration to relatives of KMP#*

 

 

 

58

 

 

 

66

 

 

 

284

 

 

 

3

 

 

#relative of the Director and Chief Executive Officer of the Company

* including share based payments amounting to INR 229 (March 31, 2024 and 2023: INR Nil)

Disclosure of Detailed Information About Transactions and Balances with Entities Under Joint Control Explanatory
vi)
Details of transactions and balances with entities under joint control

 

 

 

 

3E NV

 

Transactions during the year end March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Loans given

 

55

 

 

 

176

 

 

 

270

 

 

 

3

 

Support services rendered

 

 

 

 

5

 

 

 

0

 

 

 

0

 

Interest income on loan

 

 

 

 

0

 

 

 

9

 

 

 

0

 

 

 

 

 

3E Renewable Energy Software and Services Private Limited

 

Transactions during the year end March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Operation and maintenance expenses

 

11

 

 

 

35

 

 

 

14

 

 

 

0

 

 

 

 

 

Fluence India ReNew JV Private Limited

 

Transactions during the year end March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Purchase of capital goods

 

 

 

 

2,060

 

 

 

71

 

 

 

1

 

 

 

 

 

3E NV

 

Balance as at March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Loan receivable

 

55

 

 

 

231

 

 

 

284

 

 

 

3

 

Trade receivable

 

 

 

 

 

 

5

 

 

 

 

 

 

 

Interest accrued on loans given

 

 

 

 

 

 

4

 

 

 

15

 

 

 

0

 

 

 

 

 

3E Renewable Energy Software and Services Private Limited

 

Balance as at March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Trade payables

 

 

 

5

 

 

 

8

 

 

 

1

 

 

 

0

 

 

 

 

 

Fluence India ReNew JV Private Limited

 

Balance as at March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Capital creditors

 

 

 

 

247

 

 

 

168

 

 

 

2

 

Disclosure of Detailed Information About Transactions and Balances With Other Related Parties
vii)
Transactions with other related parties

 

 

 

 

ReNew Foundation

 

Transactions during the year ended March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Contribution for activities related to corporate social responsibility

 

22

 

 

 

33

 

 

 

74

 

 

 

1

 

 

 

 

 

KMP and their relatives

 

Transactions during the year ended March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Put options exercised during the year (refer Note 20)

 

 

 

980

 

 

 

1,000

 

 

 

 

 

 

 

 

 

 

 

KMP and their relatives

 

Transactions during the year ended March 31,

 

 

2023

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

(INR)

 

 

(INR)

 

 

(INR)

 

 

(USD)

 

Retention bonus given

 

 

 

 

 

 

570

 

 

 

495

 

 

 

6