Bharat Forge Ltd — Regulatory Filings 2021

Jun 23, 2021

BHARAT FORGE

June 23, 2021

To,

BSE Limited, 1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 BSE SCRIP 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 for the half year ended March 31, 2021.

This is for your information and records.

Thanking you,

Yours faithfully, For Bharat Forge Limited

�

Te�udhari Company Secretary & Compliance Officer

Related party disclosure on consolidated basis for the period October 01, 2020 to March 31, 2021

(i) Names of the related parties and related party relationship

-- �lated 1)3rties with whom transactions have taken place during the period.
Associates	Ferrovl-.i Transrail Solutions Private Limited, India Hospet Bellary Highways Private Limited, India (dissolved on January 12, 2021) Tork Motors Private Limited, India T;ilhahn GmhH (lnvP.stmPnt thrntJgh wholly ownPrl .suh.sirli;iry), GPrm;iny Tevv� Motors (Jersey) Limited, Jersey Arron �y�tl'm� rrivRtl' I imitrrl,lnrliH
lnlnr VPnTI Irp5	RF NTPC Fnerey 5ysrems I lmIted, India (under lirp1lrlarlnn) BF Premier Energy Systems PrivQte Limited, India REFU Drive GmbH, Germany
Subsidiaries/associates of associates	Lycan Electric Private Limited, India lork Motors (UK) Limited, UK (dissolved w.e.f. September 22, 2020) Tevva Motors Limited, UK
Subsidiary of Joint Venture	REFU Drive India Private Limited, India
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 Kalyani Technologies Limited, India Kalyani Technoforge Limited, India U11iteu MetaLl,em Private Limited, India Tirupati Encineers, India M J Risbud & Co., India HM Risbud & Co., India Raramati Speciality Steels I imiterl, lnrli;i Nandi Economic Corridor Enterprises Limited, India Saarloha Advanced Materials Private Limited, India KGEPL Engineering Solutions Private Limited, India Kalyani Transmission Technologies Private Limited, India Kalyani Technoweld Private Limited, India Akutai Kalyani Charitable Trust, India Vishalgad Trading Company Private Limited, India Rayagad Trading Company Private Limited, India Purandhar Trading Company Private Limited, India Govalkonda Trading Company Private Limited, India KTMS Properties Company Private Limited, India Aeternus Givia Pty Ltd ATF Vajilaara Trust Radium Merchandise Private Limited Growth Spurt Consultant LLP, India lnmet Technolgy Solutions Pvt. Ltd.
Minority holders	cl bit �ystems Land and C4I L1m1ted, Israel Rafael /\dvQnced Defence Systems Limited, Israel Mr. Rahul Pangare , India Mr. Vyankoji Shinde - , India
Joint venture partners	NTPC Limited, India Premier Explosives Limited, India RFFU Flektronik GmbH, Germany (w.e.f Septemher 19, 2019)
Key 111drrdge111erIL µer,u1111el (l11Lluul11g subsidiaries/associates/joint ventures and their subsidiaries)	Mr. B. N. Kdlydrll (Clidirllldll & Mdlldgi11g DireLLur) Mr'. A. B. Kalyani (Deputy Managing Director) Mr. G. K. Agarwal (Deputy Managing Director) Mr. B. P. Kalyani (Executive Director) Mr. s. E. randale (Executive Director) Mr. K. M. Saletore (Executive Director & CFO) M6, T. R, Chaudha1 i (Company S0cretary) Mr. P. G. Pawar (Independent Director) Mr. S. M. Th�lcorc (Independent Director)

BHARAT FORGE LIMITED

Related party disclosure on consolidated basis for the period October 01, 2020 to March 31, 2021

48. Related party disclosures (contd.)

(I) Names of the related parties and related party relationship

Key management personnel (including	Mrs. L. D. Gupte (Independent Director)
subsidiaries/associates/joint ventures)	Mr. P.H. Ravikumar (Independent Director)
	Mr. P. C. Bhalerao (Independent Director)
	Mr. V. R. Bhandari (Independent Director)
	Mr. D. B. Mane (Independent Director)
	Mr. M. Sivaraman (Independent Director)
	Mr. R. Jadeja
	Mr. K. Shelke
	Mr. P. Risbud
	Mr. A Shukla
	Mr.ABokil
	Mr.A Ghosh
	Mr. H Riegert
	Mr. Horlacher
	Mr. J Mishra
	Mr. M Black
	Mr. Asher Bennett
	Mr. R.J.D Mackie
Relatives of key management personnel	Mrs. S. S. Tandale
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 Officers Superannuation Scheme

BHARAT FORGE LIMITED

(ii) Transactions during the period October 01, 2020 to March 31, 2021 with Related Parties:

					(In ₹ Million)
Sr No	Nature of Transaction	Associates /Joint Ventures	Key management personnel/Relative	Others	Grand Total
$\mathbf{1}$	Advance from customers			56.66	56.66
$\overline{2}$	Advance given to vendors	8.69			8.69
3	Capital advance given			1,200.00	1,200.00
4	Directors' fees and travelling expenses		4.72		4.72
5	Dividend Paid
6	Donations			6.50	6.50
	Employee Benefit expenses			134.71	134.71
8 7.18	Interest expenses			10.58	10.58
9	Interest income	38.12		111.45	149.57
10	Investment	40.00			40.00
11	Loan given	40.00			40.00
12	Loan repayment	2.00	5.59	8.09	15.68
13	Loan taken		6.06	31.47	37.53
14	Managerial remuneration .		262.55		262.55
15	Purchase of raw materials / stores, spares, Various Components			7,574.12	7,574.12
16	Purchase of Services			261.55	261.55
17	Reimbursement Of Expenses Paid			30.40	30.40
18	Reimbursement Of Expenses Received	1.14		27.90	29.04
19	Rent Paid			10.03	10.03
20 .	Rent Received			2.48	2.48
21 ووفقته وورا	Sale of goods / manufacturing scrap (net of returns, rebates etc.)	0.48		1,940.52	1,941.00
22	Sale of services			146.50	146.50

For Bharat Forge Limited

$\mu$ Kishore Saletore

Executive Director & CFO

$\frac{21}{N}$ E $\overline{\overline{\omega}}$