Bharat Electronics Ltd. — Capital/Financing Update 2022

Oct 18, 2022

प्रतिष्ठा में/ To, बीएसई लि./BSE Ltd. 25 मंजिल, पीजे टॉवर्स/Floor 25, PJ Towers, दलाल स्ट्रीट, फोर्ट/Dalal Street, Fort मंबई/Mumbai - 400 001

सं./No. 17565/4/SE/MUM/SEC दिनांक / Date: 18.10.2022

महोदय/ महोदया Dear Sir/ Madam,

विषय: प्रेस विज्ञप्ति – बीईएल ने एमआईएल के साथ समझौता ज्ञापन पर हस्ताक्षर किए। Sub: Press Release - BEL signs MoU with MIL.

सेबी (एलओडीआर) विनियम, 2015 के विनियम 30 के तारतम्य में, हम इसके साथ प्रेस विज्ञप्ति की एक प्रति संलग्न कर रहे हैं जिसका शीर्षक है 'बीईएल ने भारतीय रक्षा और निर्यात बाजारों की आवश्यकताओं को संयुक्त रूप से संबोधित करने के लिए, एक रक्षा सार्वजनिक उपक्रम, मुनिशन इंडिया लिमिटेड (एमआईएल) के साथ एक समझौता ज्ञापन पर हस्ताक्षर किए है′।

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are enclosing here with a copy of the press release titled as 'BEL has signed an MoU with Munitions India Limited (MIL), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets'.

सूचना व अभिलेख हेत्। This is for your information and record.

सधन्यवाद / Thanking you,

भवदीय/Yours faithfully,

कृते भारत इलेक्ट्रॉनिक्स लिमिटेड For Bharat Electronics Limited

SREENIVAS $\text{SRIPADA} \text{ \textcolor{red}{\large \text{S_R}} \text{ \textcolor{red}{\large \text{N}} \text{ \textcolor{red}{\large \text{N}} \text{ \textcolor{red}{\large \text{ \textcolor{red}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \textcolor{blue}{\large \text{ \color{blue}{\large \text{ \color{blue}{\large \text{ \color{blue}{\large \text{ \color{blue}{\large \text{$

एस श्रीनिवास/S Sreenivas कंपनी सचिव /Company Secretary

संलग्न-यथा उपरोक्त । Encls: As stated above.

BEL signs Moli with MIL

Gandhinagar, October 18, 2022: Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Munitions India Limited (MIL), ^a Defence PSU, to jointly address the requirements of Indian Defence and Export markets in the areas of Ammunition, Explosives and related systems.

Mr Bhanu Prakash Srivastava, Director (Other Units), BEL, and Mr ^{S K} Rout, Director (Operations), MIL, exchanged the MoU documents at Defexpo today in the presence of Mr Ravi Kant, CMD, MIL, Mr Joydeep Majumder, Executive Director, BEL and other senior officers of BEL and MIL.

The MoU aims at leveraging the complementary strengths and capabilities of BEL and MIL and strengthens the spirit of the Make In India initiative of Government of India, for achieving self-reliance in Defence Sector. The co-operation will enable the companies to jointly address the domestic and Export opportunities in the areas of Ammunition, Explosives and related systems and sub systems.

About MIL

MIL is ^a DPSU under Department of Defence Production, Ministry of Defence, Government of India. MIL, India,s largest manufacturer & market leader, is engaged in the design, development and manufacture of various types of ammunition and explosives including Small, Medium and High Caliber ammunition, Mortars, Rockets, Hand Grenades, High Explosives, Propellants, Initiathe tory Compositions etc.

About BEL

Bharat Electronics Ltd (BEL), ^a Navratna DPSU under the Ministry of Defence, Government of India, established in 1954 at Bengaluru, to meet the needs of the Indian defence services for electronics Equipment,s, Systems and Services. Over the years BEL has grown into ^a multi-product, multi-technology, multi-unit company engaged in the design, development, manufacturing, supply and support of wide range of defence electronics products, systems, strategic components, services and select non defence products, servicing the needs of customers in India and abroad.

BEL has ^a strong presence in Radar and Fire Control Systems, Weapon Systems, Communication, Network Centric Systems (C4I), Electronic Warfare Systems,

Avionics, Anti-Submarine Warfare Systems & Sonars, Electro-Optics, Tank Electronics, Homeland Security, Gun Upgrades, Strategic Components etc. BEL has been continuously striving to expand its solutions for the Non-Defence domain like EVMs, Renewable energy, Energy storage products, Smart Cities, Jammers, Software etc.

Further BEL has diversified into Arms & Ammunitions, Seekers & Missiles, Unmanned Systems, Network & Cyber security, Medical Electronics, Space Electronics, EV , Railway/Metro, Civil Aviations to meet the customer requirement and address the emerging opportunities.

Gandhinagar	SANJEEV N DESHPANDE
October 2022 18,	(CORP CONN) SR DGM