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

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KALYANI GROUP COMPANY

BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE : +91 20 6704 2777 FAX: +91 20 2682 0699 (Export), 2682 2387 (Soles/Mktg) 2682 2163 (Materials) Website : www.bhorotforge.com CIN No. L25209PN 1961 PLC012046

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BHARAT FORGE LIMITED

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)3ries with whom transactions have taken place during the period. ~~--~~ Associates Ferrovl-Transrail Solutions Private Limited, India Hospet Bellary Highways Private Limited, India (dissolved on January 12, 2021) TorkMotors Private Limited, India T;lhahn GmhH (lnvP.tmPnt thrntJgh wholly ownPr .uh.irli;ry), GPrm;ny Tevv� Motors (Jersey) Limited, Jersey Arron �y�tlm� rrivRtlIimitrrl,lnrliH	�lated 1)3ries with whom transactions have taken place during the period. ~~--~~ Associates Ferrovl-Transrail Solutions Private Limited, India Hospet Bellary Highways Private Limited, India (dissolved on January 12, 2021) TorkMotors Private Limited, India T;lhahn GmhH (lnvP.tmPnt thrntJgh wholly ownPr .uh.irli;ry), GPrm;ny Tevv� Motors (Jersey) Limited, Jersey Arron �y�tlm� rrivRtlIimitrrl,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 REFU Drive India Private Limited, India
Subsidiary of Joint Venture
Other related paries Minority holders Joint venture partners Key 111drrdge111erIL µer,u1111el (l11Lluul11g subsidiaries/associates/joint ventures and their subsidiaries)	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 H M Risbud & Co., India Raramati Speciality Steels I imiter, lnrli; 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. cl bit �ystems Land and C4I L1m1ted, Israel Rafael /dvQnced Defence Systems Limited, Israel Mr. Rahul Pangare , India Mr. Vyankoji Shinde , India - NTPC Limited, India Premier Explosives Limited, India RFFU Flektronik GmbH, Germany (w.e.f Septemher19, 2019) 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)

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

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BHARAT FORGE LIMITED

48. Related party disclosures (contd.)

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

Key management personnel (including subsidiaries/associates/joint ventures) Relatives of key managementpersonnel

Mrs. L. D. Gupte (Independent Director) 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 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

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BHARAT FORGE LIMITED

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

(Int Million)

Sr No Nature of Transaction Associates /Joint Ventures Key management personnel/ Relative Others Grand Total 1 Advance from customers - - 56.66 1 56.66 . ....... . .. ;::::::::::�: ;:: �::��:�:�::� do rs:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::·:::::::.::���:: 8 � 69 :: ::::::::::::::::::::::::����::: :::::::: :::::::::::::::1,200�00.:::··::::1,20�:��:: 4 Directors' feesandtravelling expenses - 4.72 ~~-~~ 4.72 •uuu•••••••-••.. ••••••••••••••••••••••••••••••••••••••••••••••••••••••n•••••••••••••••••••••••••••••••••••••••••••••••••n••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••oooooo• •••••••••••••••uouu,000000000 ••••••••••••••••••••••••••••••••� . •••••••••••••••••••.,•••.•••••••••••••••••••• uuuouo•••••••••••••••••oun 5 DividendPaid '·•·····-··+··································+·---························· 6.50 6.50 134.71 134.71 ----�- j��::�;;:Benefit expenses: : : :: � :·· f • •••••••·•-•i:: 9 ........... 8 .......... .11.nterest.expenses·····································································································~~·-·······································'·~~······················· ....... 1 ..................................... -.... ~~..1~~···········~~16.~~·~~s~~"~~s~~"·~~t~~·········~~io:~~·~~ss~~· Interestincome 38.12 111.45 149.57 ·························•······················································································································································································•·······························+-············· ···•····································+································ 10 Investment 40.00 40.00 ,u•••••••••••••••••••••••••••••••••••••••-•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••u••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••u••uu••••t••••••••••••••••••••••••••••u.,.,. •••••••• +••••••••••••••••••••••••••••••••••••+•••••••••••••••••••••••••••••••1 ..........11 .......... Loan.given................................................................................................................................................................................40.00.. .............................................. .................................... .................40.00 ..........12 ..........~~Loan~~.~~repay~~ment.................................................................................................................................................. .................... 2.00.. ................................... 5.59 ..........................8.-09 .. ................. 15.68.. 13 Loan taken 6.06 31.47 37.53 ••••••••••••••••••••••••• •••••••••••••••n••nn•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••n••••-- . .....•U••••••••••••••••••--••••••••••••••••••••••• ••�•••••••••••••••••••••••••••••••••••••••••••·•• .•••.••••••••••••••••••••••••••••- •••••. •••••••••••n••nnnnon ..........14.........Ma.nageria1.remuneration···············---········································································································ ................................ .............................262.55. .................................... ...............262.55.. 15~~······~~·~~···~~Purchase~~.~~of raw~~.~~materials/stores,.spares,Various.Components.......................................... ................................ ·-................................. -..... ............... 7,574.12~~.~~. ..........7,574.12 .. 16 Purchaseof Services - 261.55 261.55 ......................... .................................................................................................................................................... -........................... .......................................................................... ....................................······························ ..........11..........Reim.bursement .of. Expenses.Paid························································································..········........ .....................................................................-...........................30.40. .................30.40.. ..........18..........Reim~~.~~bursement~~.~~OfExpenses~~.~~Received~~·························~~ ........................................................................ ..................... 1.~~.~~14................................................ ...................... 27.90_ 29.04 19 Rent Paid 10.03 10.03 ························· ···························-�·�·�····································································································· .. ·.. ·...................................... ............................................................................................................ ............................... . 20 RentReceived - 2.48 2.48 •••••••••••••••••••••••••�••••••••••••••••••••••••••••••••••• ........ ••••••••••••••••••••••••••••••••••••• .. • .. ••u•••••••••••• .. •••••••• .... • .. ••••••••••••••• .......... ••••••••••••••••••••••••• .. ••••••• .................................... I•••••••••• .. •• .. •••-- '····························+································ ·····��·····g::• :;•�:��;�manufacturing.scrap (net.of.returns,.rebates.etc.) ...................................... I 0.48·······-·····································➔··-···········1,�:�::�·t····l,�:!:��-· ·························�································ ...................................................................................................................................................... > ................................ , ........................ .. '······························+································

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For Bharat Forge Limited h� Kishore Saletore Executive Director & CFO

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