Bharat Electronics Ltd. — Major Shareholding Notification 2020

Feb 17, 2020

प्रति/To

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

सं. No. 17565/4/SE/MUMC/SEC दिनांक / Date: 17.02.2020

'भारत इलेक्ट्रॉनिक्स 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

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")

कृपया केंद्र सरकारी उद्यम एक्सचेंज टेडेड फंड ("सीपीएसई ईटीएफ") की स्थापना का संदर्भ लें. जिसमें केंद्र सरकारी उद्यमों ("सीपीएसई") के इक्विटी शेयर शामिल हैं और जिसे मार्च 2014 में सीपीएसई ईटीएफ म्यूचुअल फंड योजना ("स्कीम") के रूप में शुरु किया गया था। निफ्टी सीपीएसई इंडेक्स की संघटक कंपनियों में प्रतिनिधित्व के रूप में सीपीएसई शेयरों की खरीद के लिए योजना की प्राप्तियों का उपयोग किया गया था। भारत सरकार के विभिन्न विभागों और मंत्रालयों के प्रतिनिधि के रूप में भारत के राष्ट्रपति ने, इस योजना के यूनिट धारकों के लाभार्थ यूनिट की रियायती दर पर शेयरों का विक्रय किया और इसके बाद यह योजना तैयार की गई और योजना के यूनिट धारकों को यूनिटें आबंटित की गई ।

This is with reference to the setting up of the central public sector enterprise exchange traded fund ("CPSE ETF") comprising equity shares of central public sector enterprises ("CPSE"), which was launched as the CPSE ETF mutual fund scheme ("Scheme") in March 2014. The proceeds of the Scheme were utilized for the purchase of the CPSE shares as represented in the constituent companies of the Nifty CPSE Index. The President of India, represented through different departments and ministries of the Government of India, had sold the shares at a discounted rate to the Scheme for the benefit of unit holders of the Scheme and the Scheme had in turn created and allotted units of the Scheme to unit holders of the Scheme.

'सीपीएसई ईटीएफ' योजना के आगे का फंड ऑफर 6 के संबंध में, हम आपको सूचित करना चाहते हैं कि, रक्षा मंत्रालय, भारत सरकार की ओर से भारत के राष्ट्रपति ने कंपनी के 10,07,70,276 इक्विटी शेयरों की बिक्री बाज़ार बाह्य के माध्यम से एएमसी को की है।

In regard to the Further Fund Offer 6 of the 'CPSE ETF' scheme, we wish to inform you that the President of India, acting through the Ministry of Defence, Government of India, has sold 10,07,70,276 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 समह की शेयरधारिता में बदलाव का प्रकटण संलग्न करते हैं (यानी विनियमन 29 (2) के तहत संबंधित प्रारूप, जैसा कि सेबी द्वारा अधिसूचित 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, कते भारत इलेक्टॉनिक्स लिमिटेड For Bharat Electronics Limited

एस|श्रीनिवास / S Sreenivas कंपनी सचिव/ Company Secretary

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

*TRcT ÿRcfjT? OT WcTI OT vÿTcr-I fÿTPT ÿtect-110 ⁰¹¹ Government of India Ministry of Defence Department of Defence Production New Delhi-110 011

February 14, 2020

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

BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street Mumbai, India ⁴⁰⁰ 001 The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/l, ^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 Regulations")

This is with reference to the setting up of the central public sector enterprise exchange traded fund ("CPSE ETF") comprising equity shares of central public sector enterprises ("CPSE"), which was launched as the CPSE ETF mutual fund scheme ("Scheme") in March 2014. The proceeds of the Scheme were utilized for the purchase of the CPSE shares as represented in the constituent companies of the Nifty CPSE Index. The President of India, represented through different departments and ministries of the Government of India, had sold the shares at ^a discounted rate to the Scheme for the benefit of unit holders of the Scheme and the Scheme had in turn created and allotted units of the Scheme to unit holders of the Scheme.

The Department of Investment and Public Asset Management ("DIPAM"), along with Nippon Life India Asset Management Limited (formerly Reliance Nippon Life Asset Management Limited), as the asset management company of the Scheme ("AMC"), has formulated ^a sixth Further Fund Offer ("FFO 6") of the Scheme, which has been offered to the public for subscription in accordance with the SEBI (Mutual Funds) Regulations, ¹⁹⁹⁶ and other applicable laws, rules and regulations, as framed from time to time.

In regard to the FFO 6, we wish to inform you that the President of India, acting through the Ministry of Defence, Government of India, has sold/transferred 10, 07,70,276 number of equity shares equity shares of the Company to the AMC.

As required under regulation 29(2) of the SEBI Takeover Regulations and Since Government 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 Exchanges.

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

Gausar Sharma

Authorised Signatory

.

(TITTE TITI)

(GAURAV SHARMA)

gu tillar pepuly Secrety

gan Harmon, villar border

Ministry of Batence, No. 1961

(Terri Secretion discrete)

Disclosures under regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, ²⁰¹¹

of the Company Target Name or TC	Bharat
Whether the acquirer/ seller the to promoter/ belongs	the the is the promoter of Seller Company Yes,
the of stock Name(s) _ the exchange(s) where shares the listed of TC are	BSE and NSE
the acquisition/ of Details as follows: disposal	Number	w.r.t % wherever applicable1	w.r.t. % diluted capital of theTC2
the acquisition/ Before disposal under consideration of , holding :
voting rights a. carrying Shares	equity 1, 34,67,44,254 shares	55.27%	55.27%
the nature of in Shares b. (pledge/ lien/ encumbrance undertaking/ non-disposal others
otherwise Voting rights c. (VR) than shares by
convertible d. Warrants/ securities/ other instrument any that entitles the acquiror/ seller to voting carrying receive shares the rights in (specify category) TC holding __ in each
Total (a+b+c+d)	equity 1, 34,67,44,254 shares	55.27%	55.27%

¹ Note to seller: The information here should be taken from the latest filing made by the company under clause ³⁵ of the stock exchange listing agreement. ²

Note to 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.

_ acquisition/ Details of sale
voting rights a. carrying Shares acquired/ sold	equity 10,07,70,276 shares	4. 14%	4. 14%
otherwise acquired/ b. sold VRs t s re h an by h a s
s/ convertible t c r a W ra n securities/ other instrument any the that entitles acquirer/ seller voting to carrying receive shares the rights (specify holding in TC category) acquired/ in sold each
encumbered/ invoked/ d. Shares by the acquirer/ released seller
Total (a+b+c+d)	equity 10,07,70,276 shares	4. 14%
the acquisition/ After sale, f ho ld i n o g :
voting rights r rying e ha r c a S s	24,59,73,978 equity 1, shares	51.13%	51.13%
ot t e rw a s a V h h y re b h is e R n s s
convertible Warrants/ securities/ other instrument that any entitles the acquirer/ to seller voting carrying receive shares the it t (specify rights holding e w in re cu m TC e Sh a r e h n b d e h s category) after in each t q io ac u i si n
t ( + b+c+d) a o a T l	24,59,73,978 equity 1, a es sh r	51.13% J	51.13% 51.13%
acquisition/ of (e.g. sale Mode market/ off-market/ open public preferentia issue/ rights issue/ l allotment/ transfer, inter-se t c e )	sale/ transfer the India, f f rket sident of m a by Pre O the Ministry acting through of Defence, Government India of to (FF06) CPSE ETF
t acquisition/ of of sale D a e shares/ of date of or receipt VR, allotment intimation of of whichever is applicable shares,	February 3, 2020

the after the of capital TC said	INR a face value of having shares 1 each)*
share/ voting Total diluted	INR 2,43,65,92,943 43,65,92, (comprising 943 2,
the after the capital of TC said	INR a face value of 1 each)* having shares
acquisition/ sale

* There is no change in the paid up share capita/ ofthe Target Company on account of sale ofshares by the Promoter (i.e. the President ofIndia acting through the Ministry of Defence) to CPSE ETF (FF06).

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

Authorised Signatory

Date" February 14, ²⁰²⁰ Place: New Delhi

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