Bharat Electronics Ltd. — Interim / Quarterly Report 2021

Nov 12, 2021

प्रति To,

नेशनल स्टॉक एक्सचेंज ऑफ इंडिया लिमिटेड National Stock Exchange of India Ltd. एक्सचेंज प्लाज़ा , प्लॉट नं. सी/1, जी ब्लॉक Exchange Plaza, Plot No. C/1, G Block, बांद्रा-कर्ला कॉमप्लेक्स, बांद्रा (पूर्व) Bandra-Kurla Complex, Bandra (E) मंबई/Mumbai - 400 051

सं.No. 17565/6/SE/NSEC/SEC दिनांक / Date: 12.11.2021

महोदय / महोदया. Dear Sir/Madam,

भारत इलेक्ट्रॉनिक्स BHARAT ELECTRONICS भारत इलेक्ट्रॉनिक्स 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 ਟੇਕੀफੈक्स/Telefax: +91 (80) 25039266 : secretary@bel.co.in ई-मेल/E-mail : www.bel-india.com वेब/Web

विषय - 30 सितंबर 2021 को समाप्त अर्धवार्षिक के लिए संबंधित पक्षकारों के लेनदेन का प्रकटीकरण। Sub: Disclosure of Related Party Transaction for the half year ended 30^th September, 2021.

सेबी (सूचीकरण की बाध्यताएँ एवं प्रकटण की अपेक्षाएँ) विनियम, 2015 के विनियम 23(9) के तारतम्य में, दिनांक 30 सितंबर 2021 को समाप्त अर्धवार्षिक के लिए समेकित आधार पर कंपनी के संबंधित पक्षकारों के लेनदेन के प्रकटीकरण एतद्वारा संलग्न पाएँ।

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith disclosure on Related Party Transactions of the Company on consolidated basis for the half year ended 30^th September, 2021.

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

संलग्न- यथा उपरोक्त। Encls: As stated above.

Disclosure of Related Party Transactions for the half year ended 30th September, ²⁰²¹

[In pursuance with Regulation 23(9) of SE131 (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended]

Name of the Directors and Key Managerial Personnel:

Name	Designation
(til
Mr. M V Gowtama l 30.06.2021)	Director Chairman Managing (CMD) &
	- (Other Director Units) Additiona l Charge
	to (from 07.05.2021 30.06.2021)
Anandi Ramalingam Mrs.	(Marketing) Director
	- Additiona (w.e.f 01.07.2021) l Charge CMD
	(Other - Additiona Units) Director l Charge
	(w.e.f 01.07.2021)
Mr. Katyal Vinay Kumar	Director (Bangalore Complex)
	Director Additiona (Human Resource)- l
	(w.e.f 01.09.2021) Charge
K M (til Mr. l 31.08.2021) Shivakumaran	Director (Human Resources)
Gupta (til Shikha l 07.05.2021) Mrs.	(Other Units) Director
Batra Mr. Kumar Dinesh	Director (Finance) & CFO
Rajasekhar Mr M V	Development) Director (Research &
Manj Ms. ula J	Govt Director . Nominee
jpa Mr. Anurag Ba i	Govt Director . Nominee
Mr. Sunil Kumar Kohli	Independent Director
Mr. Sreenivas S	Secretary Company

Name of the Subsidiaries / Joint Ventures / Associates (as on 30. 09.2021):

Gupta (til Shikha l 07.05.2021) Mrs.		(Other Units) Director
Batra Mr. Kumar Dinesh		Director (Finance) & CFO
Rajasekhar Mr	M V		Development) Director (Research &
Manj Ms. ula J			Govt Director . Nominee
jpa Mr. Anurag Ba i		Govt Director . Nominee
	Mr. Sunil Kumar Kohli		Independent Director
Mr. Sreenivas S			Secretary Company
the of Name	Subsidiaries	Venture / Joint	Associates s / (as	09.2021) on 30. :
the of Name entity	of Place Business	_ Subsidiary/ Associate	interest Ownership the parent held by (BEL) company as 30.09.2021 on	_ Principal Activities
BEL Optronics Devices Limited	India	Subsidiary	_ 100%	Manufacture of and Supply Image Intensifier Tubes.
BEL-THALES Systems Limited	India	Subsidiary	74%	Design, Develop, Supply Support of and Defence and Civilian Radars
GE BE Private Limited	India	Associate	26%	Manufacturing of Medical Equipments.
Defence Innovation Organisation	India	Associate	50%	Carrying out Defence related Research and Developmenta l activities.

i. Compensation to Key Management Personnels

Particulars	For the year Ended 30 September 2021	For the year Ended 30 September 2020
Short terms employees benefits	132	203
benefits Post employment	6	-
Long term employees benefits	27	93
Termination benefits	-	-
Share based payment	-	-
Total	165	296

The transaction with related parties other than Key Management Personnel are as follows (Previous Year figures are shown in bracktes)

Particulars	Subsidiaries		Associates
	BEL Optronic Ltd Devices	BEL-THALES Ltd Systems	GE BE Private Ltd	Defence Innovation Organisation	Grand Total
Purchase of Goods	168	-	-	-	168
	(89)	(1,189)	-	-	(1,278)
Sale of Goods	-	996	1, 150	-	2,147
	-	-	(711)	-	(711)
Services Received	26	-	-	-	26
	-	(261)	-	-	(261)
Services Rendered	-	3	-	-	3
	-	(1)	-	-	(1)
Rent Received	-	23	-	-	23
	-	(22)	-	-	(22)
Interest Income	3	-	-	-	3
	(70)	-	-	-	(70)
Dividend Income	147	-	260	-	407
	(91)	-	(260)	-	(351)
Trade Payables Outstanding	-	68	-	-	68
	-	(104)	-	-	(104)
Trade Receivables Outstanding	-	857	430	-	287 1,
	-	(756)	(450)	-	(1,207)
Loan Outstanding (including accrued	-	-	-	-	-
interest)	(878)	-	-	-	(878)
Investment in Equity as on 30.09.2021	16,763	4, 264	260	1	21,288
	(16,763)	(4,264)	(260)	(1)	(21,288)
Contribution Outstanding as on	-	-	-	4, 000	4,000
30.09.2021	-	-	-	(4,000)	(4,000)