Bharat Electronics Ltd. — Regulatory Filings 2021

Jul 1, 2021

प्रति To,

बीएसई लि. BSE Ltd. फिरोज जीजीबॉय टावर्स Phiroze Jeejeebhoy Towers दलाल स्ट्रीट Dalal Street मंबई Mumbai - 400 001

सं. No. 17565/4/SE/MUMC/SEC दिनांक / Date: 01.07.2021

महोदय / महोदया. Dear Sir/Madam,

भारत इलेक्ट्रॉनिक्स BHARAT ELECTRONICS

भारत इलेक्टॉनिक्स लिमिटेड

टेलीफैक्स/Telefax: +91 (80) 25039266

ई-मेल/E-mail

वेब/Web

(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

: secretary@bel.co.in

: www.bel-india.in

विषय - 31 मार्च, 2021 को समाप्त अर्धवार्षिक के लिए संबंधित पक्षकारों के लेनदेन का प्रकटीकरण। Sub: Disclosure of Related Party Transaction for the half year ended 31^st March, 2021.

सेबी (सूचीकरण की बाध्यताएँ एवं प्रकटण की अपेक्षाएँ) विनियम, 2015 के विनियम 23(9) के तारतम्य में, दिनांक 31 मार्च, 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 Reguirements) Regulations, 2015, please find enclosed herewith disclosure on Related Party Transactions of the Company on consolidated basis for the half year ended 31^st March, 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

श्रीनिवास S Sreenivas कै⁄पनी सचिव Company Secretary

संलग्न- यथा उपरोक्त । Encls: As stated above.

Disclosure of Related Party Transactions for the half year ended 31St March, 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
M V Gowtama Mr.	Director Chairman Managing &
Anandi Ramalingam Mrs.	(Marketing) Director
Mr. Katyal Kumar Vinay	Director (Bangalore Complex)
Mr. Shivakumaran K M	Director (Human Resources)
Gupta Shikha Mrs.	(Other Director Units)
Batra Mr. Dinesh Kumar	Director (Finance) & CFO
Rajasekhar Mr M V	Director (R&D)
(Upto 29.10.2020) Dr. Sahai Amit	Govt Director Nominee
Manjul Ms. a J	Govt Director Nominee
jpa i (w.e.f 29.10.2020) Mr. Anurag Ba	Govt Director Nominee
Mr. Sunil Kohli Kumar	Independent Director
Mr. Sreenivas S	Secretary Company

Name of the Subsidiaries / Joint Ventures / Associates (as on 31.03.2021):

th of Name e entity	of Place Business	Subsidiary/ Associate	interest Ownership the parent held by (BEL) company as 31.03.2021 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 of and Support Defence and Civilian Radars
GE BE Private Limited	India	Associate	26%	Manufacturing of Medical Equipments
Defence Innovatio n Organisation	India	Associate	50%	Carrying out Defence related Research and Developmenta l activities

? in Lakhs

i. Compensation to Key Management Personnels

Particulars	For the year Ended 31 March 2021	year For the Ended 31 March 2020
Shot benefits term employee	372	445
i Post employment ts bene	15	14
i Long term employee bene ts	39	63
i Termination bene ts	-	-
Share based payment	-	-
Total	426	522

ii. The transactions with Related Parties other than Key Management Personnel are as follows (Previous Year igures are shown in brackets): -

	Subsidiaries		Associates
Particulars	BEL Optronic Ltd Devices (BELOP)	BEL T1IALES Systems Ltd	GE BE Private Ltd	Defence Innovation Organisation	Grand Total
Purchase ofGoods	183 1,	313 2,	-	-	496 3,
	(566)	(2,379)	-	-	(2,945)
ofGoods Sale	-	316	758 1,	-	2, 074
	-	(586)	(2,519)	-	(3,105)
Received Services	-	576	-	-	576
	-	(522)	-	-	(522)
Services rendered	-	2	-	-	2
	-	(842)	-		(842)
Rent Received (Lease)	-	43	-	-	43
	-	(41)	-	-	(41)
Income Interest	98	-	-	-	98
	(356)	-	-	-	(356)
Dividend Income on Investments	91	-	260	-	351
	(426)	-	-		(426)
disbursed Loan	267	-	-	-	267
	(320)	-	-	-	(320)
Purchase ofShares	157	-	-	-	157
	(2,833)	-	-		(2,833)
(including Outstanding Loan Interest) as on 31.03.2021	381	-	-	-	381
	(1,653)	-	-	-	(1,653)
Trade Payables Outstanding as on 31.03.2021	47	353		-	400
	(238)	(400)	-		(638)
Trade Receivables Outstanding as on 31.03.2021	-	237	540	-	777
	-	(950)	(691)	-	(1,641)
in Equity Investment as on 31.03.2021	16,990	4, 264	260	1	21,515
	(16,819)	(4,264)	(260)	(1)	(21,344)
Contribution Oustanding as on 31.03.2021	-	-	-	4, 000	4, 000
	-	-	-	(4,000)	(4,000)