Bharat Electronics Ltd. — Capital/Financing Update 2022

Sep 2, 2022

प्रतिष्ठा में / To, बीएसई लि./ BSE Ltd. 25 वीं मंजिल, पीजे टॉवर्स / Floor 25, PJ Towers, दलाल स्टीट, फोर्ट / Dalal Street, Fort मुंबई / Mumbai – 400 001

सं./No. 17565/4/SE/MUMC/SEC दिनांक / Date: 02^nd September, 2022

महोदय/महोदया Dear Sir/Madam,

भारत इलेक्टॉनिक्स लिमिटेड (भारत सरकार का उद्यम, रक्षा मंत्रालय) पंजीकत कार्यालय : आउटर रिंग रोड, नागवारा, बेंगलूर - 560 045, भारत Bharat Electronics Limited (Govt. of India Enterprise, Ministry of Defence) Registered Office: Outer Ring Road. Nagavara, Bangalore - 560 045, INDIA. CIN: L32309KA1954GOI000787 टेलीफैक्स/Telefax: +91 (80) 25039266 ई-मेल/E-mail : secretary@bel.co.in वेब/Web : www.bel-india.com

भारत इलेक्ट्रॉनिक्स BHARAT ELECTRONICS

विषय - मीडिया रिपोर्ट 'स्मिथस डिटेक्शन इंडिया ने बीईएल के साथ समझौता ज्ञापन किया' के संदर्भ में समाचार स्पष्टीकरण

News Clarification with Reference to the Media Report, 'BEL signs Sub: MoU with Smiths Detection India'.

आपके ईमेल दिनांक 02 सितंबर, 2022 का संदर्भ लें जिसमें 'बीईएल ने भारत में उच्च ऊर्जा स्कैनिंग सिस्टम बनाने के लिए 'स्मिथस डिटेक्शन इंडिया के साथ समझौता ज्ञापन पर हस्ताक्षर किया' शीर्षक वाली मीडिया रिपोर्ट पर स्पष्टीकरण मांगा गया है। इस संबंध में, सुचित करना करना चाहते है कि भारत सरकार की 'मेक इन इंडिया' पहल का समर्थन करने के लिए बीईएल और स्मिथस डिटेक्शन इंडिया के बीच "भारत में उच्च-ऊर्जा स्कैनिंग सिस्टम का निर्माण करने के लिए" एक समझौता ज्ञापन पर हस्ताक्षर किया हैं। संबंधित विवरण अनुलग्नक-ए में दिए गए हैं।

This is with reference to your e-mail dated 02^nd September, 2022 seeking clarification on the media report titled 'BEL signs MoU with Smiths Detection India to manufacture high-energy scanning systems in India'. In this regard, we would like to inform that a MoU has been signed between BEL & Smiths Detection India for "To manufacture High-Energy Scanning Systems in India" to support Indian Government's 'Make in India' initiative. The relevant details are attached at Annexure-A.

TRON

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

सधन्यवाद / Thanking you,

भवदीय/Yours faithfully,

कृते भारह्र इलेक्ट्रॉनिक्स लिमिटेड For Bharat Electronics Limited एसे श्लीनिवास/S Sreenivas कंपनी सचिव/Company Secretary

संलग्न-यथा उपरोक्त । Encls: As stated above.

smiths i;n

Annexure-A

BEL signs Moll with Smiths Detection India to manufacture High-Energy Scanning Systems in India

MoU to supportIndian Government's "Make in India' initiative

Bangalore: Navratna Defence PSU Bharat Electronics Limited (BEL) on August 30, 2022, signed an MoU with Smiths Detection, ^a global leader in threat detection and security inspection technologies, for offering advanced, high-energy scanning systems to the Indian market.

The MoU will leverage the high-end, technological capabilities of both the firms to meet India's domestic security needs. It has been signed in line with the Indian Government's ,Make in India, initiative, which seeks to increase manufacturing activities in India.

With ^a marked increase in movement of people and goods at critical infrastructure, land borders and urban sensitive points, there is ^a growing requirement for screening technologies in India. To facilitate ease of doing business and enhance safety, the Indian Government is investing in port and land border security. Moreover, the requirement for industry-leading high-energy scanning technology is being driven by Defence installations, which need to screen large volumes of vehicles and impose restricted entry at sensitive areas. BEL will handle front-end requirements in the market, supporting localization of the projects. Smiths Detection will provide its state-of-the-art screening technology and technological expertise for the project. The MoU is for ^a period of five years and can be extended further by mutual consent.

Mr Vikrant Trilokekar, Managing Director of Smiths Detection in India, said: "We are delighted to announce the MoU with BEL. Together, we have the expertise and experience to supply the Indian Government with the industry-leading screening technology it requires for its everevolving security needs. Smiths Detection is committed to the Indian market and looks forward to the opportunities the MoU with BEL will uncover."

Mr Bhanu Prakash Srivastava, Director (Other Units), BEL, said: "Though Defence is its mainstay, BEL has been continuously exploring opportunities in allied non-defence areas like Homeland Security and Network & Cyber Security. Through this tie-up with Smiths Detection, BEL will look at catering to the emerging market for high-energy scanning systems, yet another step in the direction of " Atmanirbhar Bharat" (self-reliant India).

smiths ^o , etectio; ^s

About BEL

BEL, ^a Navratna PSU registered under Ministry of Defence, Government of India, is India's leading Defence / Strategic Electronics company. With the capabilities and expertise acquired in the Defence Electronics domain, BEL has also been successfully addressing the needs of select Non-Defence markets by offering high quality products and solutions, servicing the needs of ^a wide range of Non-Defence Customers like Paramilitary forces, Election Commission of India, Central / State Governments / affiliated Bodies, Public / Private Sector Organisations, etc, by supplying Secure Communication Equipment, Night Vision Devices, Jammers, Electronic Voting Machines, Voter Verifiable Paper Audit Trail, Solar Solutions, etc.

BEL has been continuously striving to expand its offerings for the non-Defence domain. Some of the recent notable new business initiatives of BEL in the realm of non-Defence include Homeland Security, Smart / Safe Cities, Cyber Security, Software, Rail & Metro solutions, Civil Aviation, Space Electronics, Medical Electronics, Jammers, Anti-Drone Systems, Unmanned Systems, e-Vehicles etc. BEL is also ^a CMMi Level 5, ISO 27001-2013 (ISMS) certified and CERT-In empanelled agency.

About Smiths Detection

Smiths Detection, ^a division of Smiths Group, is ^a global leader in inspection and detection technologies for the air transport, ports and borders, armed forces and urban security markets. With more than 70 years of experience in the field, Smiths Detection offer the necessary solutions to protect society from the threats posed by explosives, prohibited weapons, contraband, toxic chemical agents and narcotics - helping to make the world ^a safer place. Smiths Detection have operated in India for over ²⁰ years. In October 2021, Smiths Detection opened its new Global Technology Development Centre in Bangalore, which is ^a global hub for the development and delivery of new digital technologies that will be used by customers across aviation, defence, urban security, and ports and borders industries.