Blue Star Ltd — Interim / Quarterly Report 2020

Dec 10, 2019

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BLUE STAR LIMITED

Consolidated Related Party Transaction for the half year ended September 30, 2019

Names of other related parties as per Ind AS 24 with whom transactions have taken place during the period:

Joint Ventures	Country ofIncorporation	% of equity interest
		As at September 30,2019
Blue Star M & E Engineering (Sdn) BhdBlue Star Oman Electro-Mechanical Co. LLC	MalaysiaOman	49.0051.00

Key Management Personnel

Mr. Vir Advani, Vice Chairman and Managing Director Mr. B Thiagarajan, Managing Director Mr. Vijay Devadiga, Company Secretary

Mr. Neeraj Basur, Group Chief Financial Officer

Non Executive and Independent Directors

Mr. Gurdeep Singh Mr. Shailesh Haribhakti

Ms. Shobana Kamineni Mr. Rajiv Lulla Mr. Dinesh Vaswani Mr. Sam Balsara

Mr. Anil Harish Mrs. Rumjhum Chatterjee Mr. Arvind K Singhal Ms. Sunaina Murthy

Relative of Director

Mr. Ashok M Advani Mr. Suneel M Advani

Enterprises in which a Director is/was a member/director during the half year

KEIMED Private Limited Apollo Hospital Enterprises Limited Lifetime Wellness RX International Ltd Moms Outdoor Media Solutions Pvt Ltd Madison Communications Pvt Ltd Somany Ceramics Ltd. IBS Fintech India Pvt. Ltd.

Transactions during the half year with Related Parties are as under:

	(₹ Crores)	(₹ Crores)
Name of Related party	Halfyear ended 30th September, 2019
	Transactions	Balance O/SDR/(CR)
Blue Star M & E Engineering (Sdn) Bhd
Consultancyservices rendered	0.72	1.15
Blue Star Oman Electromechanical Co. LLC		23.93

BLUE STAR LIMITED

Consolidated Related Party Transaction for the half year ended September 30, 2019

	(₹ Crores)	(₹ Crores)
Name of Related party	Halfyear ended 30th September, 2019
	Transaction	Balance O/SDR/(CR)
Enterprises in which Director is a member/director
Sale of Goods and Services
Apollo Hospital Enterprises Ltd.	2.22
KEIMED Private Ltd.	0.19	(0.05)
Lifetime Wellness RX International Ltd.	0.02	-
Madison Communications Pvt. Ltd.	0.09	-
Moms Outdoor Media Solutions Pvt. Ltd.	0.01	(0.01)
SomanyCeramics Ltd.	0.01	-
Project Revenue
Apollo Hospital Enterprises Ltd.	5.89	3.95
Services Received
Moms Outdoor Media Solutions Pvt. Ltd.	7.67	0.01
Madison Communications Pvt. Ltd.	17.68	(1.26)
IBS Fintech India Pvt. Ltd.	0.31	-
Relative of Director
Fees for Professional Services	0.22	0.22
Compensation of key managerialpersonnel
Short term employee benefits	4.87	-
Sittingfees to Non Executive and Independent Directors	0.24	-
Retirement benefits	0.36	-
Total Compensation paid to key managementpersonnel	5.47	-

Note: As the liabilities for gratuity and leave encashment are provided on actuarial basis for the Company as a whole, the amounts pertaining to the Directors are not included above.

Terms & Conditions of Transactions with Related Party

The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the half year-end are unsecured and interest free and settlement occurs in cash.

Corporate Guarantees to Related Parties

The company has given corporate guarantees to subsidiaries and relevant joint ventures in the ordinary course of business to meet the working capital requirements of subsidiaries and joint ventures.

Name of Related Party	Half year ended30th September,2019
BlueStarOman Electro - MechanicalCo. LLC
Payment made towards invocation of CorporateGuarantee	19.24

Transaction with key managerial personnel / directors

Other Directors' interests

During the half year ended September 30, 2019, the Company has received services from the relatives of the director. The transactions entered into with enterprises in which director is a member / director are on arm's length basis.