Bharat Forge Ltd — Interim / Quarterly Report 2019

Jun 18, 2019

June 18, 2019

BHARAT FORGE

To,

6SE Limited,

1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 BSE SCR!P CODE - 500493

National Stock Exchange of India limited 'Exchange Plaza', Bandra-Kurla Complex, Bandra (East) Mumbai- 400 051 Symbol: BHARATFORG Series: EQ

Dear Sir,

Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Pursuant to Regulation 23(9) of Listing Regulations, please find enclosed disclosure of related party transactions on a consolidated basis and balances for the half year ended March 31, 2019.

This is for your information and records.

Thanking you,

Yours faithfully, For B:?rat Forge Limited Tt: Chaudhari a .�o'" Company Secretary & Comp ~~ha~~

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KALYANI
GROUP COMPANY
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BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE : +91 20 6704 2777 FAX : +91 20 2682 0699 (Export), 2682 2387 (Sales/Mktg) 2682 2163 (Materials) Website : www.bharatforge.com CIN No. L25209PN1961PLC012046

BHARAT FORGE

BHARAT FORGE LIMITED

Related party disclosure on consolidated basis for the half year ended 31st March, 2019

(ii List of Related Parties with whom transactions have taken place and relationships

Associates	Ferrovia Transrail Solutions Private Limited (Investment through wholly owned subsidiary), India
	Hospet Bellar Highways Private Limited (Investment through wholly owned subsidiary), India
	Tork Motors Private Limited, India
	Talbahn GmbH (Investment through wholly owned subsidiary), Germany
	Tewa Motors (Jersey) Limited, Jersey
Joint Ventures	BF NTPC Energy Systems Limited, India
	BF Premier Energy Systems Private Limited, India
Subsidiaries of associates	Lycan Electric Private Limited, India
	Tork Motors (UK) Limited, UK
	Tewa Motors Limited, UK
Other related parties	Kalyani Steels Limited, India
	BF Utilities Limited, India
	Automotive Axles Limited, India
	Khed Economic Infrastructure Private Limited, India
	Kalyani Maxion Wheels Private Limited, India
	Institute for Prostate Cancer, India
	United Metachem Private Limited, India
	Harmony Electoral Trust, India
	Tirupati Engineers, India
	M J Risbud & Co., India
	HM Risbud & Co., India
	lrbaris LLP, UK
	Elbit Systems Land and C41 Limited, India
	Rafael Advanced Defence Systems Limited, Israel
Joint venture parners	NTPC Limited
	Premier Explosives Limited
Key management personnel (including	Mr. B. N. Kalyani (Chairman & Managing Director)
subsidiaries/associates/joint ventures)	Mr. A. B. Kalyani (Executive Director)
	Mr. G. K. Aga,wal (Deputy Managing Director)
	Mr. B. P. Kalyani (Executive Director)
	Mr. S. E. Tandale (Executive Director)
	Mr. K. M. Saletore (Executive Director & CFO)
	Ms. T. R. Chaudhari (Company Secretary)
	Mr. P. G. Pawar (Independent Director)
	Mr. S. M. Thakore (Independent Director)
	Mrs. L. D. Gupte (Independent Director)
	Mr. P.H. Ravikumar {Independent Director)
	Mr. P. C. Bhalerao (Independent Director)
	Mr. N. K. Narad (Independent Director)
	Mr. T. Mukherjee (Independent Director)
	Mr. V. R. Bhandari (Independent Director)
	Mr. R. Jadeja
	Mr. P. Kanugo
	Mr. R. B. Reddy
	Mr. T. Mishra
	Mr. S. Kapoor
	Mr. R. Gogia
	Ms. S. Modi
	Mr. M. Kapoor
	Mr. P. Puranik
	Mr. S. Ligam
	Mr. Y. Thakar
	Ms. J. Chhabada
	Mr. K. Shelke
	Mr. P. Risbud

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KALYANI GROUP COMPANY

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BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA PHONE : +91 20 6704 2777 FAX: +91 20 2682 0699 (Exporl), 2682 2387 (Sales/Mktg) 2682 2163 (Moleriols) Website: www.bhoratforge.com CIN No. L25209PN1961PLC012046

BHARAT FORGE LIMITED Related party disclosure on consolidated basis for the half year ended 31st March, 2019

(il List of Related Paries with whom transactions have takenplace and relationships (contd.) Key management personnel (including subsidiaries/associates/joint ventures) Mr. P. Choudhary Mr. V. Neginal Ms. P. Verma Mr. R. Nirgudkar Mr. S. Shivakumar Relatives of directors and other directors Smt. S. N. Kalyani Mr. G. N. Kalyani Mrs. A. G. Agarwal Mrs. S. S. Tandale Mr. P. S. Kalyani Mrs. V. B. Kalyani Mr. C. Shelke Post employment benefit trust Bharat Forge Company Limited Staff Provident Fund Bharat Forge Company Limited Employees Group Gratuity Fund Bharat Forge Company Limited Officers Group Gratuity Fund Bharat Forge Company Limited Oficers Superannuation Scheme	(il List of Related Paries with whom transactions have takenplace and relationships (contd.) Key management personnel (including subsidiaries/associates/joint ventures) Mr. P. Choudhary Mr. V. Neginal Ms. P. Verma Mr. R. Nirgudkar Mr. S. Shivakumar Relatives of directors and other directors Smt. S. N. Kalyani Mr. G. N. Kalyani Mrs. A. G. Agarwal Mrs. S. S. Tandale Mr. P. S. Kalyani Mrs. V. B. Kalyani Mr. C. Shelke Post employment benefit trust Bharat Forge Company Limited Staff Provident Fund Bharat Forge Company Limited Employees Group Gratuity Fund Bharat Forge Company Limited Officers Group Gratuity Fund Bharat Forge Company Limited Oficers Superannuation Scheme
	Mr. P. Choudhary Mr. V. Neginal Ms. P. Verma Mr. R. Nirgudkar Mr. S. Shivakumar Smt. S. N. Kalyani Mr. G. N. Kalyani Mrs. A. G. Agarwal Mrs. S. S. Tandale Mr. P. S. Kalyani Mrs. V. B. Kalyani Mr. C. Shelke Bharat Forge Company Limited Staff Provident Fund Bharat Forge Company Limited Employees Group Gratuity Fund Bharat Forge Company Limited Officers Group Gratuity Fund Bharat Forge Company Limited Oficers Superannuation Scheme
Post employment benefit trust

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BHARAT FORGE LIMITED

(ii) Transactions during half year ended 31st March, 2019 with Related Parties:

	(Int Million)
	Associates
Sr No	Nature of Transaction /Joint Ventures Key management personnel/ Relative Others Grand Total
............1........... ........... 2 ........... ...........3...........	Adva nee.given.to. vendors............................................................................................................................................191.76.. .............................................. ...........................-....... ...............191. !�.._ Commission.to. directors.other than. managing.and..whole. time .directors...................... .......................-....... ...................... . ..........6.45.. .................................... ....................6:��·-· Directors' fees.and ~~.~~travel~~.~~lin~~g .~~expenses................................................................................................ ................................................................ 17.09.. .................................... ................. 17.09 ..
........... 4 ..........	Dividend.Paid ...................................................................................................................................................... ................................ ................................... 8.31.. .................................... ....................8.31 ..
5	Donations 150.50 150.50
0000..0000000	O•OOHOOOOOOOOOOOH--HHOHOOOOOOOOOOOOOOO••••••••••n.-.,•,•o•ooo••••••••••O•-•-•-••••••.•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• OOOO&OOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO�&OOOOOOOoo••• 000000000000000000000000000000000000 OHOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
...........6..........	Finance~~.p~~rovided-~~~~l~~~~nvestments.. b~~y_~~Group ........................................................................................... .................~~.~~99.99.. .............................................. .................................... .................99.99..
7 f Interest income . .s.. Le~~g~~al_and_professional fees.......................................................................................................................1. ........... -.. ..J.............. . 2.30 2.30 . .... +...................................t ................. ~~53.16~~ I 53.16 .... :o:::1 �t:: : g e e :�� ::e: u neration ::�::�::::::::::::::::���:.::::::::::::��::::�.. �::::::�::::::::::�::::::�::.·:�:::::f::::::::�::�:L:::::::: 346 � 83 ~~1::~~:~~::::::::::::::::::::::~~3 � 9 7~~:i:::::::::::::::~~ 34 :::�: i::::::::::��::::J :����::::.:::::g��::�� l �:t:� o ;��� s :s:��:: (incl.ud ing: CWI P):�:::::::::::::::1::::::::� :::::::!::::::::.:::::::::···············-.....J....... 3,320.74.!..... 3,320. 74.. 49.16 49.16 13 Reimbursement Of. Expenses .Paid...........................................................................................................1. ...........-....1 ...................................0.09.L. ......... 33.06.1.. .......33.15.. ::::�:::�:�1 :: i ::f u ;:::s e ;�� f n���;;���;:���� e (�et·of.retu:rns, :rebates :etc.)::::::::::::J:::::�:·�:·:·�L�:::::::::: �:.J::::: 1,2�::!�:!:::: 1, 2�:::�:: 16 Sale ofservices 122.64 ~~122.64~~ ......................... ................................ ....... ,u,,,............................................................ ..... ... .. .... ... .................................................. ................. .. . . . ....... ........................................... . ....................................•••••••••••••••••••••••••••••••• ..........11 ..........Sale/disca~~.~~rd~~.~~of ~~p~~ro~~p~~ery,plant ~~.~~and.equipments............................................................................. ................................................................................................... 4.29 . ....................4.29 .. 18 Services Rendered 3.20 - - 3.20 ......................... ········�·T·-.-··················································································································�···�······································'·'···- . uuo••••oo••·················· ••••••••nnn••······························ •••••••••••••••••••••••••••••••••••• ............................... . .......... 19.........Staffwelfare expenses................................................................................................................................... ....................... -....... .....-...........................-...............................0.77 .. ....................0.11.. 20.........Repayment.ofLoan............................................................................................ .......................................... ....................8..63_............................................ .................................... ....................8.63 .. 21 Provision for diminution in value of loan toassociate 50~~.~~00 50.00 ••••-••••nron-oororo •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••oooo. •••••••••••••••••••••••••••••••••••••••--. -•••••••••••••••••••••••••••••••••••• •••••••••••••••••••••••••••••••• ••�••�••••00•••••••••••••••••••••••00••••••• •••••••••••••••••••••••••••••••• ·••• ••••••••••••••••••••••••••••••••
22	EmployeeBenefitexpenses - 338.10 **338.10 **

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