Blue Star Ltd — Interim / Quarterly Report 2020

Jun 10, 2020

June 10, 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 March 31, 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 March 31, 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.

Encl: a/a

Z:(01) Blue Star Limited\2019-20\Stock Exchange Compliances\Regulation 23(9) - Related Party\31.03.2020\Reg23(9)31032020

BLUE STAR LIMITED Consolidated Related Party Transaction for the half year ended March 31, 2020

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

Joint Ventures	Country of	% of equity interest
	Incorporation	As at March 31,2020
Blue Star M & E Engineering (Sdn) Bhd	Malaysia	49.00
Blue Star Oman Electro-Mechanical Co. LLC	Oman	51.00

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 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 with whom company had transactions and/or balances

Entrust Communications Pvt Ltd Moms Outdoor Media Solutions Pvt Ltd Madison Communications Pvt Ltd Platinum Communication Pvt. Ltd Somany Ceramics Ltd. IBS Fintech India Pvt. Ltd.

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

		₹ Crores
Name of Related party	Half year ended 31st March, 2020
	Transactions	Balance O/SDR/(CR)
Blue Star M & E Engineering (Sdn) Bhd
Consultancy services rendered	1.03	1.91
Blue Star Oman Electromechanical Co. LLC		4.46

BLUE STAR LIMITED

Consolidated Related Party Transaction for the half year ended March 31, 2020

		₹ Crores
Name of Related party		Half year ended 31st March, 2020
	Transaction	Balance O/SDR/(CR)
EnterprisesinwhichDirectorisamember/director
Sale of Goods and Services
Madison Communications Pvt. Ltd.	0.01	-
Moms Outdoor Media Solutions Pvt. Ltd.	-	(0.01)
Somany Ceramics Ltd.	0.01	0.01
Services Received
Moms Outdoor Media Solutions Pvt. Ltd.	0.16	0.01
Madison Communications Pvt. Ltd.	12.10	(1.43)
IBS Fintech India Pvt. Ltd.	0.22	(0.10)
Relative of Director
Fees for Professional Services	0.21	(0.05)
Compensation of key managerial personnel
Short term employee benefits	7.74	-
Sitting fees to Non Executive and IndependentDirectors	0.31	-
Commission to Non Executive and IndependentDirectors	0.90
Retirement benefits	0.37	-
Total Compensation paid to key management	9.32	(4.18)
personnel

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.

Transaction with key managerial personnel / directors Other Directors' interests

During the half year ended March 31, 2020, 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.