Bharat Electronics Ltd. — Major Shareholding Notification 2019

Oct 16, 2019

बीएसई लि. BSE Ltd., 25वां तल, पी जे टॉवर्स Floor 25, PJ Towers, दलाल स्ट्रीट, फोर्ट/Dalal Street, Fort मुंबई/Mumbai – 400 001

सं. No. 17565/4/SE/MUMC/SEC दिनांक / Date: 15.10.2019

BHARAT ELECTRONICS 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

महोदय / महोदया Dear Sir/Madam,

• विषय- भारतीय प्रतिभूति और विनिमय बोर्ड (शेयरों का पर्याप्त अर्जन और अधिग्रहण) विनियम, 2011 के विनियम 29 (2) के तहत प्रतिभूतियों के अधिग्रहण / निपटान का प्रकटन ।
• Sub: Disclosure of change in shareholding under regulation 29(2) of the Securities and Exchange Board of India (Substantial and Acquisition of Shares and Takeovers) Regulations, 2011 (the "SEBI Takeover Regulations")

आईसीआईसीआई प्रूडेंशियल एसेट मैनेजमेंट कंपनी लिमिटेड ("एएमसी") द्वारा भारत सरकार के साथ शुरू की गई 'भारत 22 ईटीएफ' योजना के आगे का फंड ऑफर' के संदर्भ में। भारत सरकार और एएमसी के बीच समझ के अनुसार, 'आगे का फंड ऑफर' की पेशकश का उपयोग भारत सरकार की भारत 22 ईटीएफ योजना की अंतर्निहित कंपनियों के शेयरों की खरीद के लिए किया जाएगा। भारत इलेक्ट्रॉनिक्स लिमिटेड भारत 22 ईटीएफ योजना का हिस्सा बनने वाली अंतर्निहित कंपनियों का एक हिस्सा है।

This is with reference to the 'Further Fund Offer' of the 'Bharat 22 ETF' scheme launched by ICICI Prudential Asset Management Company Limited ("AMC") along with the Government of India. As per the understanding between the Government of India and the AMC, the proceeds of the further fund offer will be utilised to purchase of shares of underlying companies of the Bharat 22 ETF scheme from the Government of India. Bharat Electronics Limited is a part of the underlying companies forming part of the Bharat 22 ETF scheme.

'भारत 22 ईटीएफ' योजना के आगे का फंड ऑफर' के संबंध में, हम आपको सूचित करना चाहते हैं कि, रक्षा मंत्रालय, भारत सरकार की ओर से भारत के राष्ट्रपति ने कंपनी के 1,61,50,359 इक्विटी शेयरों की बिक्री बाज़ार बाह्य के माध्यम से एएमसी को की है।

In regard to the Further Fund Offer' of the 'Bharat 22 ETF' scheme, we wish to inform you that the President of India, acting through the Ministry of Defence,

Government of India, has sold 1,61,50,359 equity shares of the Company through Off Market to the AMC.

सेबी (शेयरों का पर्याप्त अर्जन और अधिग्रहण) विनियम, 2011 के विनियम 29 (2) के तहत यथा अपेक्षित, हम इस पत्र के साथ रक्षा मंत्रालय, भारत सरकार की ओर से भारत के राष्ट्रपति, वर्ग प्रमोटर और प्रमोटर समूह की शेयरधारिता में बदलाव का प्रकटण संलग्न करते हैं (यानी विनियमन 29 (2) के तहत संबंधित प्रारूप, जैसा कि सेबी द्वारा अधिसुचित किया गया है)

As required under regulation 29 (2) of SEBI (Substantial and Acquisition of Shares and Takeovers) Regulations, 2011, we enclose with this letter, a disclosure of the change in the shareholding of the President of India, acting through the Ministry of Defence, Government of India, category Promoter & Promoter Group (i.e. the relevant format under Regulation 29 (2), as notified by SEBI).

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 $stz_{d}$ $c11+ct$

ऋत लाम्बा/ Ritu Lamba उप कंपनी सचिव/ Dy Company Secretary

संलग्न: जैसा कि कहा गया है/Encls: as stated

भारत सरकार रक्षा मंत्रालय रक्षा उत्पादन विभाग नई दिल्ली-110 011 Government of India Ministry of Defence Department of Defence Production New Delhi-110 011

Date: October 14, 2019

To: Bharat Electronics Limited Outer Ring Road, Nagavara, Bengaluru, Karnataka, India 560045

BSE Limited Phiroze Jeeieebhov Towers, Dalal Street Mumbai, India 400 001 The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai, India 400 051

Sub: Disclosure of acquisition/ disposal of securities under regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the "SEBI Insider Trading Requlations")

This is with reference to the 'Further Fund Offer' of the 'Bharat 22 ETF' scheme launched by ICICI Prudential Asset Management Company Limited ("AMC") along with the Government of India. As per the understanding between the Government of India and the AMC, the proceeds of the further fund offer will be utilised to purchase of shares of underlying companies of the Bharat 22 ETF scheme from the Government of India. Bharat Electronics Limited is a part of the underlying companies forming part of the Bharat 22 ETF scheme.

As part of the aforesaid understanding 16150359 number of equity shares of the Company $2.$ have been sold/transferred by Ministry of Defence, Government of India, acting on behalf of President of India to the AMC to the Bharat 22 ETF scheme for the benefit of unit holders of the Bharat 22 ETF scheme and the Bharat 22 ETF scheme will in turn create and allot units of the Bharat 22 ETF scheme to its unit holders.

As required under regulation 29(2) of the SEBI Takeover Regulations and Since Government 3. of India through Ministry of Defence, Government of India, holds more than 5% shares of Bharat Electronics limited, we enclose with this letter, a disclosure of the change in our shareholding in the Target Company, pursuant to the above sale of shares. The enclosed disclosure is in the relevant format notified by SEBI in respect of regulation 29(2) of the SEBI Takeover Regulations.

This letter is intended for the information and records of the Target Company and the Stock 4. Exchanges.

Yours Sincerely, For and on behalf of Ministry of Defence, Government of India

Authorised Signatory Name: Designation:

ৰাখৰ ছাদা) GAURAV SHARMA उप सचिव/Deputy Secretary ver मंत्रातय, नई विक्की
Ministry of Defence, New Delhi

DISCLOSURES UNDER REGULATION 29(2) OF THE SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 $\overline{\phantom{a}}$

Name of the Target Company (or TC)	Bharat Electronics Limited (the "Company")
Name(s) of the acquirer/ seller and persons acting in concert (PACs) with the acquirer/ seller	The President of India, acting through the Ministry of Defence, Government of India (the "Seller")
Whether the acquirer/ seller belongs to the promoter/ promoter group	Yes, the Seller is the promoter of the Company
Name(s) of the stock exchange(s) where the shares of the TC are listed	BSE and NSE
Details of the acquisition/ disposal as follows:	Number	% w.r.t. total share/ voting capital, wherever applicable 1	% w.r.t. total diluted share/ voting capital of
Before the acquisition/ disposal under consideration, holding of:			the $TC^2$
a. Shares carrying voting rights	1,36,28,94,613 equity shares	55.93%	55.93%
b. Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others)			$\overline{\phantom{a}}$
c. Voting rights (VR) otherwise than by shares	-	$\overline{\phantom{a}}$	$\overline{\phantom{0}}$
d. Warrants/ convertible securities/ any other instrument that entitles the acquirer / seller to receive shares carrying voting rights in the TC (specify holding n each category)	$\overline{\phantom{0}}$
Fotal (a+b+c+d)	1,36,28,94,613 equity shares	55.93%	55.93%
)etails of acquisition / sale

Note to seller: The information here should be taken from the latest filing made by the company under clause 35 of

ı

The steel share is the seller: Diluted share/ voting capital shall mean the total number of outstanding shares of the company, assuming full conversion of any outstanding convertible securities or warrants into equity shares.

a. Shares carrying voting rights	1,61,50,359 equity	0.66%	0.66%
acquired/ sold	shares
b. VRs acquired/ sold otherwise than by shares		$\overline{a}$
Warrants/ C. convertible
securities/ any other instrument
that entitles the acquirer/ seller
to receive shares carrying voting
rights in the TC (specify holding
in each category) acquired/ sold
d. Shares encumbered/ invoked/	$\overline{\phantom{a}}$	$\qquad \qquad$
released by the acquirer/ seller
Total $(a+b+c+d)$	1,61,50,359 equity shares	0.66%	0.66%
After the acquisition/ sale,
holding of:
Shares carrying voting rights	1,34,67,44,254 equity	55.27%	55.27%
	shares
Shares encumbered with the
acquirer/ seller	$\blacksquare$
VRs otherwise than by shares	$\overline{\phantom{a}}$	$\overline{a}$	$\overline{\phantom{0}}$
Warrants/ convertible securities/ any other instrument that
entitles the acquirer/ seller to
receive shares carrying voting
rights in the TC (specify holding
in each category) after
acquisition
Total $(a+b+c+d)$	1,34,67,44,254 equity	55.27%	55.27%
	shares
Mode of acquisition/ sale (e.g.	Off-market sale/transfer by the President of India,
open market/ off-market/ public	acting through the Ministry of Defence, Government of India to BHARAT 22 ETF (FFO2)
issue/ rights issue/ preferential
allotment/ inter-se transfer,
$etc.$ )
Date of acquisition/ sale of	October 10, 2019
shares/ VR, or date of receipt of
intimation of allotment of
shares, whichever is applicable
Equity share capital/ total voting capital of the TC before the said	INR 2,43,65,92,943
acquisition/ sale	(comprising2,43,65,92,943shares having a face value of INR 1 each)*
Equity share capital/ total voting	INR 2,43,65,92,943
capital of the TC after the said	(comprising2,43,65,92,943shares having a face value

a cquisition / sale	$\vert$ of INR 1 each)*
Total diluted share/ voting	$\sqrt{1}$ INR 2,43,65,92,943
capital of the TC after the said	(comprising2,43,65,92,943shares having a face value
acquisition/sale	of INR 1 each) $*$

* There is no change in the paid up share capital of the Target Company on account of sale of shares by the Promoter (i.e. the President of India acting through the Ministry of Defence) to Bharat 22 ETF (FFO2).

For and on behalf of Ministry of Defence, Government of India

Gausav Sharma

Authorised Signatory Name: Designation:

(শীঘল স্বাম্য)
GAURAV SHARMA Example 10011:

WELL THE CONNECTION Secretary

Date: October 14,720196888889000000000000000000000000000000

Place: New Delhi