Bayer CropScience Limited. — Regulatory Filings 2021

Jun 16, 2021

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June 16, 2021

BSE Limited,

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

SECURITY ID : BAYERCROP SECURITY CODE : 506285

Dear Sir / Madam,

Sub.: Disclosures of Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, please find enclosed herewith the disclosure of Related Party Transactions for the half year ended March 31, 2021.

Kindly take the said information on your records.

Thanking you.

Bayer CropScience Ltd. CIN: L24210MH1958PLC011173

Registered and Corporate Office: Bayer House Central Avenue Hiranandani Estate Thane (West) – 400 607 Maharashtra, India

Tel : +91 22 2531 1234 Fax : +91 22 2545 5063 www.bayer.in www.cropscience.bayer.com

Yours faithfully,

for Bayer CropScience Limited

Digitally signed by NIKUNJKUMAR JAYSUKHLAL SAVALIYA NIKUNJKUMAR DN: c=IN, st=Gujarat, 2.5.4.20=f4b6303c6a9fe05eb04e62759179373cbcf4b728c73ed80322 94e09b9e3e0c98, postalCode=390024, street=102 TITHI FLATS, JAYSUKHLAL BHADRAN NAGAR, NEW SAMA ROAD, CHHANI RD, VADODARA, serialNumber=d3cad62ac6fcdd76e7d78a49dee85262351ff6c69d1c3 b84d7669f10a495714a, o=Personal, cn=NIKUNJKUMAR JAYSUKHLAL SAVALIYA SAVALIYA, pseudonym=edc1463c7f2e505c0cb80b5170d37433 Date: 2021.06.16 16:45:37 +05'30'

Nikunjkumar Savaliya

Company Secretary & Company Secretary

Encl. : As above

RESTRICTED

BAYER CROPSCIENCE LIMITED

Disclosure of Related Party Transactions for the half year ended March 31, 2021 (All amounts in ₹ Millions, unless otherwise stated)

i) Ultimate Holding Company: Bayer AG Germany ii) Entities under Common Group Control : Bayer (South East Asia) Pte. Ltd., Singapore Bayer BioScience Private Limited, India Bayer Business and Technology Services LLC, U.S.A. Bayer Business Services GmbH, Germany Bayer Business Services Philippines Inc., Philippines Bayer CropScience AG, Germany Bayer CropScience Limited, Bangladesh Bayer CropScience Ltd, Seoul Bayer CropScience Schweiz AG, Switzerland Bayer Direct Services GmbH, Germany Bayer Holding Ltd., Japan Bayer Pharmaceuticals Private Limited, India Bayer Philippines Inc., Philippines Bayer S.A., Chile Bayer U.S LLC, U.S.A. Bayer Vapi Private Limited, India Bayer Zydus Pharma Private Limited, India Bayer CropScience LP, U.S.A. Monsanto Company, U.S.A. Monsanto Holdings Private Limited, India Mahyco Monsanto Biotech (I) Pvt Ltd, India Monsanto Kenya Ltd, Kenya PT. Bayer Indonesia, Indonesia Sr. No. Name of the related party Country of incorporation**

% Equity interest 8% As at 31-Mar-2021

** The list of parties above have been limited to entities with whom transactions have taken place during the current period or balances are outstanding as at the period end.

A. The transactions with related parties:

Sale of goods Bayer AG Bayer BioScience Private Limited Others Recoveries made Bayer AG Bayer BioScience Private Limited Bayer Vapi Private Limited Others Rental Income Bayer BioScience Private Limited Bayer Vapi Private Limited Others Purchase of Goods Bayer AG Bayer BioScience Private Limited# Bayer Vapi Private Limited Bayer CropScience LP, U.S.A. Monsanto Company, U.S.A.	Party referred to in (i) above Parties referred to in (ii) above 01.10.2020 to 31.03.2021 01.10.2020 to 31.03.2021 420 - - 34 - 352 145 - - 41 - 121 - 297 - 1 - 3 - 42 5,931 - - 188 - 227 - 379 - 798

The amount is disclosed on gross basis, against which revenue is recognised at margin (sales less material cost) since the Company is acting as an agent in substance.

BAYER CROPSCIENCE LIMITED

Disclosure of Related Party Transactions for the half year ended March 31, 2021 (All amounts in ₹ Millions, unless otherwise stated)

Related Party Transactions (contd.)

A. The transactions with related parties:

Professional/ Support Charges incurred Bayer AG Bayer BioScience Private Limited Bayer Vapi Private Limited Bayer CropScience LP, U.S.A. Others Rent Expense Bayer BioScience Private Limited Bayer Vapi Private Limited Others Royalty Expense Bayer CropScience AG, Germany Bayer CropScience LP, U.S.A. Purchase of License of Duty Credit Scrips Bayer Vapi Private Limited Others Purchase of Fixed Assets (including Capital work-in-progress) Others Recoupment of losses towards overdue trade receivables Bayer BioScience Private Limited Bayer BioScience Private Limited Employee related liability paid/ payable on transfer of employees Bayer BioScience Private Limited Others Employee related liability taken over on transfer of employees Bayer BioScience Private Limited Bayer Vapi Private Limited Others B. Outstanding balances of related parties: Party referred to in (i) above Outstanding Receivables Outstanding Payables Parties referred to in (ii) above Outstanding Receivables Bayer BioScience Private Limited Bayer Vapi Private Limited Others Outstanding Payables Bayer BioScience Private Limited Bayer Vapi Private Limited Bayer CropScience LP, U.S.A. Monsanto Company, U.S.A. Others Repayment against recoupment of losses towards overdue trade receivables	Party referred to in (i) above 01.10.2020 to 31.03.2021 98 - - - - - - - - - - - - - - - - - - - As at 31.03.2021 292 2,959 - - - - - - - -	Parties referred to in (ii) above 01.10.2020 to 31.03.2021 - -3 3 60 192 9 2 1 5 94 15 23 15 20 10 3 9 13 10 18 As at 31.03.2021 - - 18 6 230 477 158 1,760 121 118

BAYER CROPSCIENCE LIMITED

Disclosure of Related Party Transactions for the half year ended March 31, 2021

(All amounts in ₹ Millions, unless otherwise stated)

Related Party Transactions (contd.)

iii) Employee Benefits Plans where significant influence exists

Bayer CropScience Limited Employees Group Gratuity-cum-Life Assurance Scheme Bayer CropScience Limited Managerial Employees Superannuation Scheme

The transactions with entities where significant influence exists of (iii) above and outstanding balances:

01.10.2020 to 31.03.2021

Contributions during the period

Bayer CropScience Limited Employees Group Gratuity-cum-Life Assurance Scheme 50 Bayer CropScience Limited Managerial Employees Superannuation Scheme -[##]

During the period, the company has made contribution directly to LIC and not through Bayer CropScience Limited Managerial Employees Superannuation Scheme Trust.

iv) Key management personnel:

Name Designation

• Mr. Pankaj Patel Chairman - Mr. Duraiswami Narain Vice Chairman & Managing Director and CEO - Mr. Rolf Hoffmann Executive Director & CFO - Ms. Ketaki Bhagwati Non-executive Director - Mr. Sekhar Natarajan Non-executive Director - Dr. Harsh Kumar Bhanwala Non-executive Director (from February 12, 2021) - Dr. Sara Boettiger Non-executive Director (from February 12, 2021) 01.10.2020 to 31.03.2021 Remuneration to key management personnel Short term employee benefits 88 Other long-term employee benefits 9 97 Directors' Sitting Fees 1 Commission to Non-Executive Directors 3

v) Terms and conditions

There have been no guarantees provided or received for any related party receivables or payables. Outstanding balances as at March 31, 2021 are unsecured and interest free, and settlement occurs in cash. The Company has not recorded any impairment of receivables relating to amounts owed by related parties for the half year ended March 31, 2021.