Blue Star Ltd — Audit Report / Information 2022

May 16, 2022

Blue Star Limited

Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. T : +91 22 6654 4000 F : +91 22 6654 4001 www.bluestarindia.com

May 16, 2022

BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Sandra Kurla Complex,
Dalal Street, Fort,	Sandra (East),
Mumbai -	Mumbai -
400 001	400 051
BSE Scrip Code: 500067	NSE Symbol: BLUESTARCO

Dear Sir/Madam,

Sub: Submission under Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations') - Annual Secretarial Compliance Report for the year ended March 31, 2022

Pursuant to Regulation 24A of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 8, 2019, we are submitting herewith the Annual Secretarial Compliance Report of the Company for the year ended March 31, 2022, issued by M/s N L Bhatia & Associates, Practicing Company Secretaries.

The aforesaid information is also being placed on the website of the Company at www.bluestarindia.com

Kindly take the same on record.

Thanking you, Yours faithfully, For Blue Star Limited

~ Parte

Rajesh Company Secretary & Compliance Officer

Encl.: a/a

11172.16.31.16\Legal and Secretarial Documents'(01) Blue Star Limite<l\2021·22\Stoci< Exchange Compliance\Reg 24A Annual Secretarial Compliance Report

Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, India. T: +91 22 6665 4000 F : +91 22 6665 4152. CIN: L 28920MH 1949PLC 006870

NL H PRA Tl IN IA A IA CR TARIES

T , Th Board of Directors, BLUE ST AR LIMITED, IN : L 89 OMH1949PL 006870 Ka turl Building, Mohan T Advanl Chowk, Jam h djl Tat Road, Mumbai 400020

D ar Sir,

We have been engaged by BLUE STAR LIMITED (hereinafter referred to as the 'Company') bearing CIN : l28920MH1949PLC006870 whose equity shares are listed on National Stock Exchange of India Ltd and BSE Limited to conduct an Audit in terms of Regulation 24A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with SEBI Circular No. CIR/CFD/CMDl/27 /2019 dated February 8, 2019 and to issue the Annual Secretarial Compliance Report thereon.

It is the responsibility of the management of the Company to maintain records, devise proper systems to ensure compliance with the provisions of all the applicable Securities and Exchange Board of India (SEBI) Regulations and circulars/guidelines issued there under from time to time and to ensure that the systems are adequate and are operating effectively.

Our responsibility is to verify compliances by the Company with provisions of all applicable SEBI Regulations and circulars/guidelines issued thereunder from time to time and issue a report thereon.

Our Audit was conducted in accordance with Guidance Note on Annual Secretarial Compliance Report issued by the Institute of Company Secretaries of India and in a manner which involved such examinations and verifications as considered necessary and adequate for the said purpose. A copy of Annual Secretarial Compliance Report is enclosed herewith as 'Annexure -A'.

For M/s N l Bhatia & Associates Practicing Company Secretaries UIN: P1996MHOSS800 UDIN:FOOS4360000310059

Bharat R Upadhyay Partner FCS:S436 CP.No.4457 P/R:700/2020

Date: May 12, 2022 Place: Mumbai

'Annexure- A'

Secretarial Compliance Report of Blue Starllmlted for year ended M arch 31. 2022

We, M/s N l Bhatia & Associates, Practicing Company Secretaries, have examined:

• a) all the documents and records made available to us and explanation provided by Blue Star limited (the 'Listed Entity');
• b) the filings/submissions made by the Listed Entity to the Stock Exchanges;
• c) website of the Listed Entity;
• d) any other document/filing, as may be relevant, which has been relied upon to make this certification;
• e) books, papers, minute books, forms and returns filed;

For the year ended March 31, 2022 in respect of compliance with the provisions of:

• a) the Securities and Exchange Board of India Act, 1992 ("SEBI Act'') and the Regulations,
• b) the Securities Contracts (Regulation) Act, 1956 ("SCRA"), rules made thereunder and the Regulations, circulars, guidelines issued thereunder by the Securities and Exchange Board of India ;

The specific Regulations, whose provisions and the Circulars/Guidelines issued thereunder, have been examined, include:-

• a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;
• b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018;
• c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
• d) Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018; Not Applicable to the Company during the financial year;
• e) Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021; Not Applicable to the Company during the financial year;
• f) Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021;

N L Bhatia & Associates

• g) Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993;
• h) Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021; Not Applicable to the Company during the financial year;
• i) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;

and based on the above examination, we hereby report that, for the year ended March 31, 2022;

a) The Listed Entity has complied with the provisions of the above Regulations and Circulars/ Guidelines issued thereunder, except in respect of matters specified below:-

Sr.No.	Compliance Requirement(Regulations/Circulars/Guidelinesincluding Specific Clause)	Deviations	Observations/Remarks of thePracticingCompanySecretary
None

• b) The Listed Entity has maintained proper records under the provisions of the above Regulations and Circulars/Guidelines issued thereunder in so far as it appears from my/our examination of those records.
• c) The following are the details of actions taken against the Listed Entity/its Promoters/ Directors/Material Subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various Circulars) under the aforesaid Acts/Regulations and Circulars/Guidelines issued thereunder:

Sr.No.	Actionstaken by	Details ofviolation	Details of action takenE.g. fines, warningletter, debarment, etc.	Observations/remarksof the PracticingCompany Secretary, ifany.
			None

d) The Listed Entity has taken the following actions to comply with the observations made in previous reports:

r.No.	bs rv tion ofth PracticingCompanySecretary in theprevious reports	Observations madein the SecretarialCompliance Report	Actions takenby the listedentity, if any	Comments ofthe PracticingCompanySecretary onthe actionstaken by theListed Entity
		N.A.

For M/s N L Bhatia & Associates Practicing Company Secretaries UIN: P1996MH055800 UDIN: F0054360000310059

Bharat R Upadhyay Partner FCS:5436 CP.No.4457 P/R No.: 700/2020

Date: May 12, 2022 Place: Mumbai