Bharat Electronics Ltd. — Major Shareholding Notification 2019

Jul 31, 2019

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

सं. No. 17565/4/SE/MUMC/SEC दिनांक / Date: 31.07.2019

महोदय / महोदया Dear Sir/Madam,

भारत इलेक्टॉनिक्स BHARAT ELECTRONICS

भारत इलेक्ट्रॉनिक्स लिमिटेड (भारत सरकार का उद्यम, रक्षा मंत्रालय) पंजीकृत 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

• विषय- भारतीय प्रतिभूति और विनिमय बोर्ड (शेयरों का पर्याप्त अर्जन और अधिग्रहण) विनियम, 2011 के विनियम 29 (2) के तहत प्रतिभतियों 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")

कपया 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 युनिट धारकों के लाभार्थ युनिट की रियायती दर पर शेयरों का विक्रय किया और इसके बाद यह योजना तैयार की गई और योजना के युनिट 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.

निवेश और सरकारी परिसंपत्ति प्रबंधन विभाग ("डीआईपीएएम"), रिलायंस निप्पॉन लाइफ एसेट मैनेजमेंट लिमिटेड के साथ, योजना की परिसंपत्ति प्रबंधन कंपनी ("एएमसी") के रूप में, योजना का एक पाँचवां फर्दर फंड ऑफर ("एफएफओ 5") तैयार किया है, जिसे सेबी (म्यूचुअल फंड) विनियमों, 1996 और अन्य लागू कानूनों, नियमों और विनियमों, जैसा कि समय-समय पर तैयार किए गए के अनुसार, सदस्यता के लिए जनता को पेश किया गया है।

The Department of Investment and Public Asset Management ("DIPAM"), along with Reliance Nippon Life Asset Management Limited, as the asset management company of the Scheme ("AMC"), has formulated a Fifth Further Fund Offer ("FFO 5") 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.

एफएफओ 5 के संबंध में, हम आपको सुचित करना चाहते हैं कि, रक्षा मंत्रालय, भारत सरकार की ओर से भारत के राष्टपति ने कंपनी के 7,04,31,819 इक्विटी शेयरों की बिक्री बाज़ार बाह्य के माध्यम से एएमसी को की दै।

In regard to the FFO 5, we wish to inform you that the President of India, acting through the Ministry of Defence, Government of India, has sold 7,04,31,819 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 राष्टपति, 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).

सचना व अभिलेख हेत। This is for your information and record.

सधन्यवाद / Thanking you,

भवदीय Yours faithfully,

कते भारत इलेक्टॉनिक्स लिमिटेड For Bharat Electronics Limited

ऐस श्रीनिवास / S Sreenivas कंपनी सचिव/ Company Secretary

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

w m<b< TW fÿTFT *ri Rÿil-iio 011 Government of India Ministry of Defence Department of Defence Production New Delhi-110 011

Date: July 30, 2019

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

The Managing Director BSE Limited PhirozeJeejeebhoy Towers, Dalai Street Mumbai, India 400 001 The Managing Director The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/l, G Block, BandraKurla Complex, Bandra (East) Mumbai, India 400 051

Sub: Disclosure of change in shareholding under regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the " SEBI Takeover Regulations")

Dear Sirs,

This is with reference to the setting up of the central public sector enterprise exchange traded fund fCPSE 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.

1. The Department of Investment and Public Asset Management ("DIPAM"), along with Reliance Nippon Life Asset Management Limited, as the asset management company of the Scheme ("AMC"), has formulated a fifth Further Fund Offer ( " FFO 5") 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.

2. In regard to the FFO 5, we wish to inform you that the President of India, acting through the Ministry of Defence, Government of India, has sold 7.04,31,819 equity shares of the Company to the AMC on 22Hr July 2019.

3. As required under regulation 29(2) of the SEBI Takeover Regulations, 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.

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

Sincerely, For and on behalf of the President of India: Ministry of Defence, Government of India

ULPV ÿWuuvvl

Gaurav Sharma Deputy Secretary (ES)

(TfnrcT (GAURAV SHARMA) vSM VtfÿiV Dsff.nl y alary *«>rr -«4 vacgft Ministry of . >*«>.,. . Ufm

Disclosures under regulation 29(2) of the SEBI (Substantial Acquisition of

regulatioDisclosurunderes	th(Substan 29(2)ofe SEBI	tiAcquisitioaln	n of
RegulationSharesTakeovers)and	2011s,		_
theTargetCompanyNameof(orTC)	ElectronicsLimitedBharat	(the"Company")
theacquirer/ofName(s)seller	_India,actingMinistrythroughtheofofThePresident
(PA€s)-withthcacquircrZ-seUef	(the"Seller")IndiaGovernmentDefence,of
qWhethertheuifer/sellera	thethethepromoterofSellerCompanyYes,is
thetopromoter/belongspromoter
grouptheName(s)stockof	andBSENSE
theexchange(s)wheresharesthelistedofTCare
theacquisition/Detailsof	Number	w.r.t%	w.r.t%
follows:disposalas		totalshare/	totaldiluted
		voting	share/
		capital,	voting
		whereverapplicable1	capitaloftheTC2
theacquisition/Before
disposalunderconsideration,of
holding:votingrightsa.carryingShares	43,33,26,432equity1,shares	58.83%	58.83%
thenatureinofb.Shares
(pledge/lien/encumbrance
undertaking/non-disposalothers)
otherwiseVotingc.rights(VR)	-	_	-
thansharesby
convertibleWarrants/dsecurities/otherinstrumentany
acquier/thatentitlestheseller
votingtocarryingreceiveshares
therightsin(specifyholdingTC
category)ineachTotal (a+b+c+d)	1,43,33,26,432equity	58.83%	58.83%
	shares
Detailsacquisition/ofsale

1 Note to seller: The information here should be taken from the latest iling 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.

votingrightsa.carryingSharesacquired/sold	7,04,31,819equityshares	2.89%	2.89%
otherwiseacquired/b.soldVRsthansharesby	-	-	-
Warrants/convertiblec.instrumentsecurities/otheranythattheentitlesacquirer/sellertovotingcarryingreceiveshares
therights(specifyholdingTCincategory)acquired/ineachsold
dinvoked/encumbered/Sharestheacquirer/sellerreleasedby	-	-	-
Total(a+b+c+d)	equity7,04,31,819shares	2.89%	2.89%
aequtsttiet/theAftersale,ofholding:
votingrightscarryingShares	equity1,36,28,94,613shares	55.93%	55.93%
withtheSharesencumberedacquirer/seller	-	-	-
otherwisethansharesVRsby	-	-	-
convertiblesecurities/Warrants/otherthatinstrumentanyentitlesthetoacquirer/sellervotingcarryingreceivesharestherights(specifyholdingTCinaftercategory)ineachacquisition
	shares	55.93%	55.93%
acquisition/(e.g.saleModeofoff-market/market/openpublicissue/preferentiarightsissue/ltransfer,allotment/inter-seetc.)	theOff-marketIndia,actingofPresidentsalebythethroughMinistryDefence,ofGovernmentofIndiatoLifeAssetRelianceNipponManagementthetheLimited,assetmanagementcompanyofasmutual fund(FFOscheme5)ETFCPSE
acquisition/Dateofofsaletshares/dateofreceiptof, orVintimationallotmentofofwhicheveris applicableshares,	2019July22,
votingEquitycapital/totalsharethethecapitalofbeforeTCsaidacquisition/sale	INR2,43,65,92,943having(comprising2,43,65,92,943sharesa facevalueINRof1 each)*
votingcapital/totalEquitysharethethecapitalofafterTCsaid	INR2,43,65,92,943a face(comprising2,43,65,92,943shareshavingvalue

acquisition/sale	INR1 each)*of
dilutedvotingTotalshare/	INR2,43,65,92,943
thetheaftercapitalofTCsaid	(comprising2,43,65,92,943shareshavinga facevalueINR
	of1 each)*

* There is no change in the paid up share capital ofthe Target Company on account of sale ofshares by the Promoter (i.e. the President ofIndia acting through the Ministry of Defence)to Reliance Nippon Life Asset Management Limited, as the asset management company ofthe CPSE ETF mutual fund scheme.

For and on Behalf of the President of India Ministry of Defence, Government of India

Gaurav Sharma Deputy Secretary (ES)

Date:July 30, 2019 Place:[New Delhi] ******

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