| 36. | 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, 2026, 2025 and 2024 are as follows: | | | | | | | | | | | | | | | | | | | Raju Vegesna Infotech & Industries Private Limited | | | | | | | Wholly owned Subsidiaries of Holding company | | | | | | | Ramanand Core Investment Company Private Limited | | | | | | | Satya Sravanthi Agrofarms Private Limited | | | | | | | Anantha Koti Raju Developers Private Limited | | | | | | | V.A.L.S. Developers Private Limited | | | | | | | KKAAR Farms and Developers Private Limited | | | | | | | Raju Vegesna Properties (India) Private Limited | | | | | | | V.A.R. Agrotech Private Limited | | | | | | | Village Inns (India) Private Limited | | | | | | | Raju Vegesna Developers Private Limited | | | | | | | V.R.R. Shelters Private Limited | | | | | | | | | | | | | | Sify Technologies (Singapore) Pte. Limited | | | | | | | Sify Technologies North America Corporation | | | | | | | Sify Data and Managed Services Limited | | | | | | | Sify Infinit Spaces Limited * | | | | | | | Sify Digital Services Limited | | | | | | | SKVR Software Solution Private Limited * | | | | | | | | | | | | | | Mr. Raju Vegesna - CEO, Chairman and Managing Director | | | | | | | Mr. M P Vijay Kumar - Executive Director & Chief Financial Officer | | | | | | | Mr. C R Rao - Chief Operating Officer | | | | | | | Mr. Arun Seth - Independent Director | | | | | | | Mr. Ram Sewak Sharma - Independent Director (w.e.f. 20.06.2025) | | | | | | | Mr. Thomas Michael Bradicich - Independent Director (w.e.f. 05.07.2024) | | | | | | | Mrs. Padmaja Chunduru - Independent Director (w.e.f. 12.10.2024) | | | | | | | Mrs. Bala Saraswathi Vegesna - Professional Director | | | | | | | | | | | | | | Vegesna Family Trust, USA | | | | | | | Raju Vegesna Foundation, India | | | | | | |
| * | Pursuant to Conversion of Compulsorily Convertible Debentures and Compulsorily Convertible Preference Shares into equity Shares by SISL on February 07,2026, the holding of Sify Technologies Limited stands reduced from 100% to 88.45%. Consequently, the holding in SKVR Software Solution Private Limited stands reduced from 100% to 94.34%. |
The following is a summary of the related party transactions for the year ended March 31, 2026: | | | | | | | Consultancy services received | | | | | | | | | | | | | | Salaries and other short-term benefits * | | | | | | | Contributions to defined contribution plans * | | | | | | | Share based payment transactions * | | | | | | | | | | | | | | | | | | | | | Amount of outstanding balances | | | | | | | Advance lease rentals and refundable deposits made | | | | | | | | | | | | | |
All transactions between Sify Technologies Limited and its subsidiaries up to March 31, 2026 of this Annual Report have been in the ordinary course of business The following is a summary of the related party transactions for the year ended March 31, 2025: | | | | | | | Consultancy services received | | | | | | | | | | | | | | Salaries and other short-term benefits * | | | | | | | Contributions to defined contribution plans * | | | | | | | Share based payment transactions * | | | | | | | | | | | | | | | | | | | | | Amount of outstanding balances | | | | | | | Advance lease rentals and refundable deposits made | | | | | | | | | | | | | |
Note: 0 represents amount below the rounding off norm adopted by the Group. All transactions between Sify Technologies Limited and its subsidiaries up to March 31, 2025 of this Annual Report have been in the ordinary course of business The following is a summary of the related party transactions for the year ended March 31, 2024: | | | | | | | Consultancy services received | | | | | | | | | | | | | | Salaries and other short-term benefits * | | | | | | | Contributions to defined contribution plans * | | | | | | | Share based payment transactions * | | | | | | | | | | | | | | | | | | | | | Amount of outstanding balances | | | | | | | 6% Non-Cumulative Compulsorily convertible preference shares | | | | | | | Advance lease rentals and refundable deposits made | | | | | | | | | | | | | |
Note: 0 represents amount below the rounding off norm adopted by the Group. All transactions between Sify Technologies Limited and its subsidiaries up to March 31, 2024 of this Annual Report have been in the ordinary course of business | * | Represents salaries and other benefits of Key Management Personnel comprising of Mr. M P Vijay Kumar – Executive Director and Chief Financial Officer, Mr. C R Rao – Chief Operating Officer and Mr. Kamal Nath - Chief Executive Officer (for March 31, 2025 and March 31, 2024). |
|