Blue Star Ltd — Interim / Quarterly Report 2021

Nov 19, 2020

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November 19, 2020

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO

Dear Sir / Ma’am,

Sub: Disclosure of Related Party Transactions for the half year ended September 30, 2020

In accordance with Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the disclosure of Related Party Transactions on a consolidated basis for the half year ended September 30, 2020.

The said disclosure is also being made available on the Company’s website at: www.bluestarindia.com

This is for your information and records.

Thanking you, Yours faithfully, For Blue Star Limited Vijay Devadiga Company Secretary

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Encl: a/a

Z:(01) Blue Star Limited\2020-21\Stock Exchange Compliances\Regulation 23(9) - Related Party\30.09.2020\Reg23(9)30092020

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BLUE STAR LIMITED

Consolidated Related Party Transaction for the half year ended September 30, 2020

Names of related parties as per Ind AS 24 :

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Joint Ventures Country of % of equity interest
Incorporation As at September 30,
2020
Blue Star M & E Engineering (Sdn) Bhd Malaysia 49.00
Blue Star Oman Electro-Mechanical Co. LLC Oman 51.00
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Key Management Personnel

Mr. Vir S 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. Shailesh Haribhakti

Mr. Rajiv R Lulla Mr. Dinesh N 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 with whom company had transactions and/or balances

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:

Blue Star M & E Engineering (Sdn) Bhd Consultancy services rendered Blue Star Oman Electromechanical Co. LLC Name of Related party	₹ Crores Transactions Balance O/S DR/(CR) 3.01 0.76 - 4.46 Half year ended September 30, 2020

BLUE STAR LIMITED Consolidated Related Party Transaction for the half year ended September 30, 2020

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₹ Crores
Name of Related party Half year ended
September 30, 2020
Transaction Balance O/S
DR/(CR)
Enterprises in which Director is a
member/director
Sale of Goods and Services
Madison Communications Pvt. Ltd. 0.06 0.07
Moms Outdoor Media Solutions Pvt. Ltd. 0.01 (0.01)
Somany Ceramics Ltd. 0.01 -
Services Received
Moms Outdoor Media Solutions Pvt. Ltd. 0.20 0.01
Madison Communications Pvt. Ltd. 7.51 (0.86)
IBS Fintech India Pvt. Ltd. 0.33 -
Relative of Director
Fees for Professional Services 0.11 (0.06)
Compensation of key managerial personnel
Short term employee benefits 3.82
Sitting fees to Non Executive and Independent 0.38
Directors
Retirement benefits 0.37
Total Compensation paid to key management 4.57 -
personnel
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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 key managerial personnel are not included above.