Blue Star Ltd — Interim / Quarterly Report 2022

Oct 28, 2021

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

October 28, 2021

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

Dear Sir/Madam,

Sub.: Outcome of the Board Meeting

With reference to our letter dated October 13, 2021, and in accordance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we hereby inform you that the Board of Directors (the 'Board') at its Meeting held today, i.e. Thursday, October 28, 2021 , has inter a/ia transacted the following business:

1. Financial Results

The Board approved the Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended September 30, 2021 along with Limited Review Reports, pursuant to Regulation 33 and Regulation 52 of the Listing Regulations.

A copy of the aforesaid Financial Results along with the Limited Review Reports are enclosed herewith.

2. Appointment of Company Secretary & Compliance Officer

The Board has appointed Mr Rajesh Parte, as the Company Secretary of the Company with effect from October 29, 2021, as recommended by the Nomination and Remuneration Committee of the Company. Pursuant to Regulation 6(1) of the Listing Regulations, Mr Rajesh Parte has also been designated as the Compliance Officer of the Company.

The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed herewith as 'Annexure - /'.

Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedj i Tata Road, Mumbai 400 020, India. T: +91 22 6665 4000 F: +91 22 6665 4152. CIN: L 28920MH l 949PLC 006870

3. Relinquishment of the position of Company Secretary & Compliance Officer

Mr Neeraj Basur shall relinquish the position of Company Secretary & Compliance Officer and shall be re-designated as Group Chief Financial Officer of the Company with effect from the close of business hours on October 28, 2021 .

·The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, are enclosed herewith as 'Annexure-11'.

The Company had closed its Trading Window from Friday, October 1, 2021, pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time and the Company's Internal Code of Conduct on Prohibition of Insider Trading, and the same shall open from Tuesday, November 2, 2021.

The meeting commenced at 11 :00 a.m. and concluded at 4~15 p.m.

The above information is also available on the website of the Company at www.bluestarindia.com

Vir S Advani Vice Chairman & Managing Director (DIN: 01571278)

Encl.: a/a

Annexure-1

Details required under Regulation 30 of the Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015:

SrNo	Particulars	Details
1	Reasonforchangeviz.appointment,FeSi§RatieR,Femei.ial, Eleatl=I eF etl=leP.vise;	Appointment of Mr Rajesh Parte, as aCompany Secretary & Compliance Officerof the Company
23	Date of AppointmentlGessatieRTerm of appointment	With effect from October 29, 2021Not Applicable
4	Briefprofile(inofcaseappointment)	Mr Rajesh Parte is a qualified CompanySecretary (1995), Law graduate (1993),and Commerce graduate (1990). He hasaround25yearsofrelevantworkexperience.

Annexure - II

Details required under Regulation 30 of the Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015:

SrNo	Particulars	Details
1	Reasonforchangeviz.appeiRtmeRt,resig RatieR,remeval,deatherotherwise(relinquish);	MrNeerajBasurshallrelinquishthepositionofCompanySecretary&Compliance Officer of the Company andshall be re-designated as Group ChiefFinancial Officer of the Company
2	Date of AppeiRtment/cessationEffective from close of business hours onOctober 28, 2021
3	Term of appointment	Not Applicable
4	Briefprofile(inofcaseappointment)	Not Applicable

Deloitte Haskins & Sells LLP

Chartered Accountants One International Center Tower 3, 32nd Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai – 400 013 Maharashtra, India

Tele: + 91 22 6185 4000 Fax: +91 22 6185 4001

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF BLUE STAR LIMITED

• 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of BLUE STAR LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its joint ventures for the quarter and half year ended September 30, 2021 ("the Statement") being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the following entities:
  • Parent: Blue Star Limited

Subsidiaries:

• i) Blue Star Engineering and Electronics Limited
• ii) Blue Star Qatar WLL
• iii) Blue Star International FZCO
• iv) Blue Star Systems and Solutions LLC
• v) BSL AC&R (Singapore) PTE. LTD
• vi) Blue Star Climatech Limited

Joint Ventures:

• i) Blue Star M & E Engineering (Sdn) Bhd
• ii) Blue Star Oman Electro-Mechanical Co. LLC

Deloitte Haskins & Sells LLP

• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We did not review the interim financial information of two subsidiaries included in the consolidated unaudited financial results, whose interim financial information reflects total assets of Rs. 188.47 crore as at September 30, 2021, total revenues of Rs. 48.59 crore and Rs. 78.76 crore for the quarter and half year ended September 30, 2021 respectively, total net profit after tax of Rs. 1.86 crore and 2.15 crore for the quarter and half year ended September 30, 2021 respectively, total comprehensive income of Rs. 1.86 crore and Rs. 2.15 crore for the quarter and half year ended September 30, 2021 respectively, and net cash inflows of Rs. 17.23 crore for the half year ended September 30, 2021, as considered in the Statement. These interim financial information have been reviewed by the other auditors whose reports have been furnished to us by the Management.

These subsidiaries are located outside India whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by their respective auditors under generally accepted standards on review engagements applicable in their respective countries. The Company's management has converted the interim financial information of these subsidiaries from accounting principles generally accepted in respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors, the conversion adjustments prepared by the Management of the Company and reviewed by us and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of this matter.

1. The consolidated unaudited financial results includes the Group's share of profit after tax of Rs. 0.23 crore and 0.06 crore for the quarter and half year ended September 30, 2021 respectively, and total comprehensive income of Rs. 0.23 crore and 0.06 crore for the quarter and half year ended September 30, 2021 respectively, as considered in the Statement, in respect of two joint ventures, based on their interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group.

Our Conclusion on the Statement is not modified in respect of our reliance on these interim financial information certified by the Management.

For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

Samir R. Shah Partner (Membership No. 101708) (UDIN: 21101708AAAAEK9912)

Place: Mumbai Date: October 28, 2021

							₹ in Crores
Sr.no,	PARTICULARS	QUARTERENDED(UNAUDITED)	QUARTERENDED(UNAUDITED)	QUARTERENDED(UNAUDITED)	HALF YEARENDED(UNAUDITED)	HALF YEARENDED(UNAUDITED)	YEAR ENDED(AUDITED)
		30,9.21	30.6.21	30.9.20	30,9,21	30.9,20	31.3.21
$\ddagger$	Income
	Revenue from operations	1,239,74	1,052.04	902.12	2.29178	1.528.14	4,263.59
	Other IncorneTotal Income	8.12	7.95	5.86	16.07	14.47	62.35
$\overline{2}$	Expenses	1,247.86	1,059.99	907,98	2.307.85	1,542.61	4,325.94
	a) Cost of materials consumed (including direct project and	738.10	546.97	489.20
	service cost)				1,285.07	698.35	2,360.45
	b) Purchase of Stock in trade	198.13	200.47	85.43	398.60	238.80
	c) Changes in Inventories of Finished Goods, Stock-in-Trade and	17.94	47.69	105.99	65.63	222.54	880.0930.81
	work-in-progress
	d) Employee Benefits Expense	121.90	115.86	90.84	237.76	160.72	381.81
	e) Depreciation and Amortisation Expanse	20.43	20.05	20.63	40.48	41.53	92.29
	f) Finance Costg) Other Expenses	11.18	10.73	17.85	21.91	36.39	64.72
	Total Expenses	92.97	98.82	75.58	191.79	151.29	370.62
3	Profit before share of Profit/(Loss) of Joint Ventures (1-2)	1,200.65	1,040,59	885,52	2,241.24	1,549.62	4,180.79
4		47.21	19,40	22.46	66.61	(7.01)	145,15
5	Share in Profit/(Loss) of Joint VenturesProfit/(Loss) before Tax (3+4)	0.23	(0.17)	0.36	0.06	0.71	2.60
6	Tax Expense	47.44	19.23	22.82	66.67	(6.30)	147.75
	i) Current tax
		12.75	4.42	7.54	17.17	(3.86)	27.75
	ii) Deferred tax	3.24	2.10	(0, 12)	5.34	1.76	19.34
	Total Tax Expense	15,99	6.52	7.42	22.51	(2.10)	47.09
$\overline{7}$	Profit/(Loss) for the period / year, (5-6)	31.45	12.71	15.40	44.16	(4.20)	100.66
	Other Comprehensive Income/(Loss)
	A. (i) Items that will not be reclassified to profit/(loss)	(0.39)	(0.03)	0.91	(0.42)	1.15	5.94
	(ii) Income Tax relating to items that will not be reclassified toProfit and Loss	0.14		(0.28)	0.14	(0.38)	(1.85)
	B. (i) Items that will be reclassified to profit/(loss)
	(ii) Income Tax relating to items that will be reclassified to	(0.09)	0.92	(0.98)	0.83	(1.07)	(1.62)
	Profil/(Loss)
8	Other Comprehensive Income/(Loss)	(0.34)	0.89	(0.35)
9	Total Comprehensive Income / (Loss) for the period / year (7+8)	31.11	13.60	15.05	0.5544.71	(0.30)	2.47
						(4.50)	103.13
10	Profits / (Loss) for the period attributable to :
	- Owners of the Company	31.36	12.69	15.32
	- Non-controlling interest	0.09	0.02	0.08	44.050.11	(4.06)	100.35
11	Other Comprehensive Income / (Loss) for the period attributable to :					(0.14)	0.31
	- Owners of the Company	(0.37)	0.88
	- Non-controlling interest	0.03	0.01	(0.33)(0.02)	0.51	(0.25)	2,55
12	Total Comprehensive Income for the period / (Loss) attributable to :				0.04	(0.05)	(0.08)
	- Owners of the Company
	- Non-controlling interest	30,990.12	13.570.03	14.99	44.56	(4.31)	102.90
				0,06	0.15	(0.19)	0.23
13	Paid Up Equity Share Capital (Face Value of the share - ₹, 2/- each)	19.26	19.26	19.26	19.26	19.26
14	Reserve excluding Revaluation Reserves as per balance sheet of previous						19.26865.92
	accounting year
15	Earnings Per Share (EPS) (in ₹.) (not annualised)
	a) Basicb) Diluted	3.27	1,32	1.59	4.59	(0.45)	10.42
16	Capital Redemption Reserve	3.27	1.32	1.59	4.59	(0.45)	10.42
17	Net Worth	2.34	2.34	2,34	2.34	2.34	2.34
18	Paid up Debt Capital / Outstanding Debt	890.62405.93	898.15487.63	777.11	890.62	777.11	884.58
19	Debt Service Coverage Ratio (DSCR)	6.02	3.00	768.482.17	405.93	768.48	454.80
20	Interest Service Coverage Ratio (ISCR)	6.58	3.28	2.43	4.504.92	0.700.78	1.85
21	Debt Equity Ratio	0.46	0.54	0.99	0.46	0.99	3.670.54
22	Current Ratio	1.30	1,31	1.24	1.30	1.24	1.26
23	Long term debt to working capital	0,60	0.57	0.97	0.60	0.97	0.59
2425	Current liability ratio	0.83	0.83	0.80	0.83	0.80	0.85
26	Bad debts to Account receivable ratioTotal debt to total assets						0.03
27	Debtors turnover (No. of days)	0.12	0.15	0.25	0,12	0.25	0.13
28	Inventory turnover (No. of days)	52.9080.31	59.44	68.98	58.18	82,80	70,57
29	Operating margin (%)	5.7%	99.824.0%	96.216.1%	89.13	119.30	97.75
30	Net profit margin (%)	2.5%	1.2%	1.7%	4.9%1.9%	3.7%$-0.3%$	5.6%2.3%

BLUE STAR LIMITEDRegistered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020,CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152UNAUDITED CONSOL

NOTES:

1 The Audit Committee has reviewed and the Board of Directors has approved the above results at their respective meetings held on 28th October 2021.

2 Financial Results of Blue Star Limited (Standalone Information) :

			STANDALONE			₹ in Crores
PARTICULARS		Quarter Ended		Half Year Ended		Year Ended
	30.9.21	30.6.21	30.9.20	30.9.21	30.9.20	31.3.21
Revenue from operations	.094.40	954,34	803,77	2,048,74	.329.97	3.842.23
Profit before tax (after exceptional item)	32.78	3.88	11,83	46.66	(32.49)	98.35
Profit after tax	21.16	9.16	7.58	30.32	(22.94)	65.93
[Total Comprehensive Income	20.91	9.16	8.11	30.07	(22.20)	69.40

$502$ MUMBAL

$\overline{\phantom{a}}$

• 3 The Group continues to monitor the economic effects of COVID-19 on its business. Based on the current evaluation by the management, the carrying amounts of the assets are considered
• 4 The Code on Social Security, 2020 (the Code') received presidential assent on September 28, 2020. However, the date on which the Code will come into effect has not yet been notified. The Groupwill record any related fin

5 Additional disclosure as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015,

i The Company has alloted unsecured redeemable non-convertible debentures (NCDs) on June 1, 2020. Total Non-Convertible Debenture of the Company outstanding as on September 30, 2021 areRs. 350 crore. The asset cover in re

		il Details of Non - Convertible debentures are as follow

Details of Non - Convertible debentures are as follows				₹ in Crores
PARTICULARS	Previous Due Date	Next Due Date
	Amount	Date	Amount	Date
17.65% Non Convertible Debentures (Series - I) - Principal			175.00	$01 - Jun - 23$
17.65% Non Convertible Debentures (Series - I) - Interest	13.39	$01$ -Jun-21	13.39	$01 - Jun - 22$
(7.65% Non Convertible Debentures (Series - II) - Principal			175.00	$01\sqrt{u}n-23$
17.65% Non Convertible Debentures (Series - II) - Interest	13.39	$01 - 1157 - 71$	17 20	$01 - 1.12 - 22$

iii The NGDs issued by the Company are rated by CARE AA+ (Outlook : Negative)

iv Net worth as per section 2(57) of the Companies Act, 2013DSCR = [Earnings before interest and Tax ] / [Interest expenses + Principal repayments made during the period for long term loans]SCR = [Earnings before Interes

Current Ratio = Current Assets / Current LiabilitiesLong term debt to working capital = [Non-Current Borrowings + Current Maturities of Non-Current Borrowings] / [Current Assets lass Current Liabilities (ExcludingLong te

Current liability ratio = Current liabilities / Total liabilities But debts to Account receivable ratio = Bad debts / Average gross account receivable Bad debt is to Account receivable ratio = Bad debts / Average gross a

8. Datails of Commandal Repare an an following

www.com wr Obrinium productional conditions to the cash that have a		E in Grores
Period	AmountOutstanding	Rating
September 30, 2021	$\hat{\mathbf{r}}$	CARE A1+,
March 31, 2021______________________________		CRISIL A1+CARE A1+.CRISH ASA

7 The Company is in compliance with the requirements of SEBI circular dated November 26, 2018 applicable to Large Corporate Borrowers (Refer Note 5).

8 The Asset Coverage Ratio as at September 30,2021 is 2.9 times as per Regulation 54(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

9 Previous period / year's figures have been regrouped / rearranged wherever necessary,

Date : October 28, 2021Place : Mumbai

www.bluestarindia.com

TA G $\frac{1}{\sqrt{2}}$

For BLUE STAR LIMITED $\mathcal O$

Vir S. Advant Vice Chairman and Managing Director(DIN: 01571278)

BLUE STAR LIMITED
UNAUDITED SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2021

	c in CroresConsolidated
SR.NO.	PARTICULARS	QUARTERENDED(UNAUDITED)	QUARTERENDED(UNAUDITED)	QUARTERENDED(UNAUDITED)	HALF YEARENDED(UNAUDITED)	HALF YEARENDED(UNAUDITED)	YEAR ENDED(AUDITED)
		30.9.21	30.6.21	30.9.20	30.9.21	30.9.20	31.3.21
	SEGMENT REVENUEa. Electro- Mechanical Projects and Commercial Air Conditioning Systems	723.40	505.24	540.83	1,228.64	853.27	2,218.72
	b. Unitary Products	454,71	505.37	318,65	960.08	593.50	1,868.28
	c. Professional Electronics and Industrial Systems	61.63	41.43	42.64	103.06	81.37	176.59
	TOTAL SEGMENT REVENUE	1,239,74	1.052.04	902.12	2,291.78	1,528.14	4,263.59
Ħ	SEGMENT RESULTPROFIT BEFORE INTEREST & TAX
	a. Electro- Mechanical Projects and Commercial Air Conditioning Systems	46.54	20.03	34.41	66.57	23.88	106.49
	b. Unitary Products	23.26	21.77	11.73	45.03	7.97	108.82
	c. Professional Electronics and Industrial Systems	9.83	5.56	8.15	15.39	18.33	33.81
	TOTAL SEGMENT RESULTLess: i) Interest and Other Financial Charges	79.63	47.36	54.29	126.99	50,18	249.12
	ii) Un-allocable Expenditure	11.1821.24	10.7317,23	17.8513.98	21.9138.47	36.39	64.72
						20.80	39.25
	PROFIT BEFORE SHARE OF PROFIT/(LOSS) OF JOINT VENTURES	47,21	19,40	22,46	66.61	(7,01)	145.15
Ш	SEGMENT ASSETS
	a. Electro- Mechanical Projects and Commercial Air Conditioning Systems	1.547.47	1,656.93	1.535.53	1,547.47	1.535.53	1.664.85
	b. Unitary Productsc. Professional Electronics and Industrial Systems	956.98	952.66	684.78	956.98	684.78	986.97
	d. Un-allocable Corporate Assets	143.22623.36	57.08617.79	58.80769.29	143.22	58.80	62.36
	TOTAL SEGMENT ASSETS	3.271.03	3,284,46	3,048.40	623.363,271.03	769.293,048.40	835,273,549.45
$\mathbf{v}$	ISEGMENT LIABILITIES
	a. Electro- Mechanical Projects and Commercial Air Conditioning Systems	1,210.29	1.152.19	981.16	1,210.29	981.16	1,240.69
	b. Unitary Productsc. Professional Electronics and Industrial Systems	470.90	547.84	326.33	470.90	326.33	757.71
	d. Un-allocable Corporate Liabilities	122.45573.59	72.08611.00	67.77892.93	122.45573.59	67.77892.93	78.50584.69
	TOTAL SEGMENT LIABILITIES	2,377.23	2,383.11	2.268.19	2,377.23	2.268.19	2,661.59
$\mathsf{V}$	CAPITAL EMPLOYED
	(Segment Assets - Segment Liabilities)
	a. Electro- Mechanical Projects and Commercial Air Conditioning Systems	337.18	504.74	554.37	337.18	554.37	424.16
	b. Unitary Products	486.08	404.82	358,45	486.08	358.45	229.26
	c. Professional Electronics and Industrial Systems	20.77	(15.00)	(8.97)	20.77	(8.97)	(16.14)
	d. Un-allocable Corporate Assets less Liabilities	49.77	6.79	(123.64)	49.77	(123.64)	250.58
	TOTAL CAPITAL EMPLOYED IN THE COMPANY	893.80	901.35	780,21	893,80	780.21	887,86

$88$

Note: 1 Based on the "management approach" as defined in Ind AS 108-Operating Segments, the Chief Operating Decision Maker evaluates the Company's performance and allocates resources based on an analysis of various perfo

2 Unitary product segment is seasonal in nature.

3 Previous period / year's figures have been regrouped / rearranged wherever necessary.

Date : October 28, 2021Place : Mumbai

MUMBA

TA $\frac{1}{\sqrt{2}}$ ×

For BLUE STAR LIMITED $\overline{Q}$

Vir S. AdvaniVice Chairman and Managing Director(DIN : 01571278)

			₹ In Crores
SR.NO	PARTICULARS	AS AT	AS AT
		(UNAUDITED)	(AUDITED)
Α	ASSETS	30.9.21	31.3.21
	1. Non-Current Assets
	(a) Property Plant and Equipment
	(b) Right-of-use assets	281.32	269.23
	(c) Capital Work in Progress	49.63	50.07
	(d) Investment Property	73.53	68.11
	(e) Intangible Assets	11.51	11.95
	(f) Intangible Assets under development	46.68	52.31
	(g) Investment in Joint Venture	3.66	3.42
	- Loans	15.782.92	15.91
	- Other Financial Assets	22.19	6.4921.94
$\bar{\mathbf{x}}$	(h) Income tax Asset (Net)	78.27	86.20
	(i) Deferred Tax Assets (Net)	42.15	47.49
	(i) Other non current assets	75.98	56.77
	Total - Non Current Assets	703.62	689.89
	2. Current Assets
	(a) Inventories
	(b) Financial Assets	821.53	882.42
	-Investments
	-Loans	25.01	279.06
	-Trade Receivables	8.46	8.21
	-Cash and cash equivalents	812.66	810.98
	-Other bank balances	338.58	327.93
	-Other Financial Assets	4.08	4.23
	(c) Other Current Assets	11.79	12.16
	Asset held for sale	545.22	534.47
	Total Current Assets	0.08	0.08
	TOTAL - ASSETS	2,567.41	2.859.55
B	EQUITY AND LIABILITIES	3,271.03	3,549.45
	1. Equity
	(a) Equity Share Capital
	(b) Other Equity	19.26	19.26
	Equity attributable to equity holders of the company	871.96	865.92
	2. Non controlling interest	891.22	885.18
	Total Equity	2.58893.80	2.68
			887,86
	3. Non-Current Liabilities
	(a) Financial Liabilities
	- Borrowings	348.81	349.26
	- Lease Liability(b) Provisions	29.83	31.23
	(c) Government Grants	10.43	10.82
	Total - Non-current liabilities	8.89	8.83
		397.96	400.14
	4. Current Liabilities
	(a) Financial Liabilities
	-Borrowings
	-Trade Payables	57.12	102.34
	i. Total outstanding dues of Micro Enterprises and small enterprises	43.79	66.97
	ii. Total outstanding dues of creditors other than Micro Enterprises and small
	enterprises	1,291,56	1,537.92
	- Lease Liability	23.03	24.10
	-Other Financial Liabilities	23.00	36.81
	(b) Provisions	56.06	48.37
	(c) Government Grants	1.91	2.33
	(d) Income Tax Liabilities (Net)	0.32	0.59
	(e) Other Current Liabilities	482.48	442.02
	Total - Current Liabilities	1,979.27	2,261.45
	TOTAL - EQUITY AND LIABILITIES	3,271.03	3,549.45

BLUE STAR LIMITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2021

Date : October 28, 2021Place : Mumbai

$\bar{\mathcal{L}}$

$\left($ $\sim$ Vir S. AdvaniVice Chairman and Managing Director(DIN : 01571278)

$\bar{\epsilon}$

$\bar{\chi}$

For BLUE STAR LIMITED

$\mathfrak{h}$

	For the half year ended	₹ in Crores
Particualrs	30.9.21	30.9.20
	Unaudited	Unaudited
CASH FLOW FROM OPERATING ACTIVITIES
Profit/(Loss) for the period / year	66.67	(6.30)
Adjustments to reconcile profit/(loss) before tax to net cash flows
Depreciation/ amortization expenses	40,48	41.53
Amortisation of Government Grant	(2.01)	(1.05)
Fair Value (Gain) / loss on financial instruments	(0.02)	2.08
Loss/(Profit) on sale of fixed assets	(0.03)	0.38
Bad debts written off and provision for doubtful debts	5.65	22.14
Unrealized foreign exchange loss / (gain)	0.05	(6.77)
Liabilities written back	(11.97)	(4.97)
Share of profit of a joint venture	(0.06)	(0.71)
Finance Cost	21.92	36.39
Rental Income	(0.32)	(3.24)
Interest income	(8.68)	(5.85)
Income from mutual fund	(2.43)	(1.74)
OPERATING PROFIT/(LOSS) BEFORE WORKING CAPITAL CHANGES	109.25	71.89
Increase/ (Decrease) in working capital:
Trade Payables	(257.26)	(652.27)
Provisions	11.88	2.03
Other current liabilities	41.68	(40.82)
Trade receivables	(3.79)	169.12
Inventories	60,91	227,60
LoansOther assets	(5.63)	(10.20)
	(9.64)	109.43
Cash generated/(used) from operations	(52, 60)	(123.22)
Direct taxes paid (net of refunds)	(9.38)	(4.13)
Net cash flow from/ (used in) operating activities (A)	(61, 98)	(127.35)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Property Plant and equipments, including CWIP and capital advances	(57.62)	(14.81)
Sales / (Purchase) of investments	254,04	(196.81)
Proceeds from sale of Property, Plant and Equipment	0.06	0.16
Rent Received	0.32	3.24
Interest received	8.10	5.48
Income from mutual fund	2.43	1.74
Net cash flow from/ (used In) investing activities (B)	207.33	(201.00)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds / (repayment) from Short Term Borrowings	(47, 42)	(35.01)
Proceeds from Long Term Borrowings		350.00
Repayment of Long Term Borrowings	(1.59)	(3.77)
Repayment of Lease Liabilities	(12.67)	(11.21)
Interest and Bank charges	(35.38)	(28.31)
Dividend paid on equity shares	(38, 40)	(1.89)
Net cash flow from/ (used in) in financing activities (C)	(135.46)	269.81
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C)	9.89	(58.54)
Cash and cash equivalents at the beginning of the period	327.93	286.15
Effect of exchange differences on restatement of foreign currency cash & cash	0.76
equivalents.
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	338.58	227.61

BLUE STAR LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR HALF YEAR ENDED SEPTEMBER 30, 2021

÷

Vi Care

Date : October 28, 2021Place : Mumbal

$575$

MUMBAI

Vir S. AdvaniVice Chairman and Managing Director(DIN : 01571278)

				Annexure A
				Additional disclosure on Commercial Papers as per regulation 52(4) of SEBI (Listing Obligations andDisclosure Requirements), Regulations 2015, for the year ended September 30, 2021
Sr.No.	ISIN	Date of Issue	Maturity Date	Principal Amount(₹ in Crores)	Whether paidon due date ornot	OutstandingAmount as onSeptember 30,2021 (₹ in Crores)
	INE472A14LT3	29-04-2020	23-10-2020	50.00	Yes
$\overline{2}$	INE472A14LU1	10-06-2020	15-03-2021	100.00	Yes
3	INE472A14LW7	15-06-2021	13-09-2021	25.00	Yes
$\Lambda$	INE472A14LX5	18-06-2021	16-09-2021	25.00	Yes
5	INE472A14LY3	02-07-2021	29-09-2021	50.00	Yes

$\overline{\phantom{a}}$

Deloitte Haskins & Sells LLP

Chartered Accountants One International Center Tower 3, 32nd Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai – 400 013 Maharashtra, India

Tele: + 91 22 6185 4000 Fax: +91 22 6185 4001

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF BLUE STAR LIMITED

• 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of BLUE STAR LIMITED ("the Company"), for the quarter and six months ended September 30, 2021 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

Samir R. Shah (Partner) (Membership No. 101708) (UDIN: 21101708AAAAEJ9775)

Place: Mumbai Date: October 28, 2021

BLUE STAR LIMITED BLUE STAR LIMITEDRegistered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020,CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152UNAUDITED STANDA

			₹ in Crores
		STANDALONEQUARTEROUARTER
SR.NO.	PARTICULARS	ENDED(UNAUDITED)	ENDED(UNAUDITED)	QUARTERENDED(UNAUDITED)	HALF YEARENDED(UNAUDITED)	HALF YEARENDED(UNAUDITED)	YEAR ENDED(AUDITED)
		30.9.21	30.6.21	30.9,20	30.9.21	30.9.20	31.3.21
	Income
	Revenue from operations	1.094,40	954.34	803.77	2.048.74	1,329.97	3.842.23
$\mathbf{1}$	Other IncomeTotal Income	9.14	9.89	7.81	19.03	15.35	62.17
$\tilde{z}$	Expenses	1,103.54	964.23	811.58	2,067.77	1,345.32	3,904.40
	a) Cost of materials consumed (including direct project and
	service cost)	687.70	516.55	455.81	1.204.25	627.49	2.216.38
	b) Purchase of Stock in trade	139.17	160.20	56.26	299.37	177.12	733.18
	c) Changes in Inventories of Finished Goods, Stock-in-Tradeand Work-in-progress	21,56	49.83	101.26	71.39	215.71	25.49
	d) Employee Benefits Expense	102.11	97.81	77.20	199.92	136.18	325.23
	e) Depreciation and Amortisation Expensef) Finance Cost	19.45	19.22	19.62	38.67	39.51	88.34
	g) Other Expenses	12.00	11.70	18.81	23.70	37,98	67.89
	Total Expenses	88.77	95.04	70.79	183,81	143.73	349.54
3	Profit/(Loss) before Tax (1-2)	1,070.76	950.35	799.75	2,021.11	1,377,72	3,806.05
4	Tax Expense	32.78	13.88	11.83	46.66	(32, 40)	98.35
	i) Current tax	8.38	2.72	5.71	11.10	(8.00)	18.01
	ii) Deferred tax	3.24	2.00	(1.46)	5.24	(1.46)	14.41
	Total Tax Expense	11.62	4.72	4.25	16.34	(9, 46)	32.42
	5 Profit/(Loss) for the period/year (3-4)	21.16	9.16	7.58	30.32	(22.94)	65.93
	Other Comprehensive Income/(loss)
	A. (i) Items that will not be reclassified to profit/(loss)
		(0.39)	۰	0.80	(0.39)	0.77	5.32
	(ii) income Tax relating to items that will not be reclassified toProfit and Loss	0.14	$\overline{a}$	(0.27)	0.14	(0.03)	(1.85)
6.	Other Comprehensive Income	(0.25)		0.53	(0.25)	0.74
$\overline{z}$	Total Comprehensive Income for the period (5+6)	20.91	9.16	8.11	30.07	(22.20)	3.47
8	Paid Up Equity Share Capital (Face Value of the share ₹2/- each)	19.26	19.26	19.26	19.26	19.26	69.4019.26
g,	Reserve excluding Revaluation Reserves as per balance sheet ofprevious accounting year						899.83
	10 Eamings Per Share (EPS) (in ₹) (not annualised)
	a) Basic	2.20	0.95	0.79
	b) Diluted	2.20	0.95	0.79	3.153.15	(2.38)	6.85
	11 Capital Redemption Reserve	2.34	2.34	2.34	2.34	(2.38)	6.85
	12 Net Worth	910.01	927.65	826.89	910.01	2.34826.89	2.34
	13 Paid up debt capital/ Outstanding debt	546.14	600.59	866.25	546.14	866.25	918.49578.79
	14 Debt Service Coverage Ratio (DSCR)	4.41	2.42	1.53	3.41	0.05	1.45
	15 Interest Service Coverage Ratio (ISCR)16 Debt Equity Ratio	4.41	2.42	1.70	3,41	0.05.	2.69
	17 Current Ratio	0.60	0.65	1.05	0.60	1.05	0.65
	18 Long term debt to working capital	1.23	1.26	1.19	1.23	1.19	1.22
	19 Current liability ratio	0.82	0.73	1.28	0.82	1,28	0.73
	20 Bad debts to Account receivable ratio	0.82	0.82	0.80	0.82	0.80	0.85
	21 Total debt to total assets	$\tilde{\omega}$		$\sim$	$\overline{\omega}$	$\omega$	0.02
	22 Debtors turnover (No. of days)	0.18	0.19	0.29	0, 18	0.29	0.17
	23 Inventory turnover (No. of days)	53.61	64.39	62,44	60,88	89.50	69.25
	24 Operating margin (%)	89.32	108.47	105.64	96.94	132.60	105.35
	25 Net profit margin (%)	5.03%1.92%	3.66%	5.28%	4.39%	2.24%	5.01%
			0.95%	0.93%	1,47%	$-1.71%$	1.69%

NOTES:

1 The Audit Committee has reviewed the above results and the Board of Directors has approved the above results at their respective meetings held on October 28, 2021.

2 The Company continues to monitor the economic effects of COVID-19 on its business. Based on the current evaluation by the management, the carrying amounts of the assets are considered recoverable.

3 The Code on Social Security, 2020 ('the Code') received presidential assent on September 28, 2020. However, the date on which the Code will come into effect has notyet been notified. The Company will record any related

$503$

ΤA ŗ.

4 Additional disclosure as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulation 2015.

I The Company has alloted unsecured redeemable non-convertible debentures (NCDs) on June 1, 2020. Total Non-Convertible Debenture of the Company outstanding as on September 30, 2021 are Rs. 350 crore. The asset cover in respect of the non-convertible debenture of the Company as on September 30, 2021 exceeds hundred on September 30, 2021 exceeds hundred on September 30, 2021 excee

ii Details of Non - Convertible debentures are as follows

PARTICULARS	Previous Due Date		Next Due Date
	Amount	Date	Amount	Date
7.65% Non-Convertible Debenture (Series - I) - Principal			175.00	$01 - Jun - 23$
7.65% Non-Convertible Debenture (Series - I) - Interest7.65% Non-Convertible Debenture (Series - II) - Principal	13.39	$01 - \frac{1}{21}$	13.39	$01 - Jun - 22$
			175.00	$01 - J$ un-23
7.65% Non-Convertible Debenture (Series - II) - Interest	13.39	$01 - \frac{1}{100 - 21}$	13.39	$01 - Jun-22$

iii The NCDs issued by the Company are rated by CARE AA+ (Outlook : Negative)

iv Net worth as per section 2(57) of the Companies Act, 2013

DSCR = [Earnings before interest and Tax] / [Interest expenses + Principal repayments made during the period for long term loans]ISCR = [Earnings before Interest and Tax] / Interest expenses

1965 - (Editings volvie Iniquest and Registration Sylvisities)Debt / Equity Ratio = Total Debt (Non-Current Borrowings + Current Borrowings) / EquityCurrent Ratio = Current Assets / Current Liabilities

Long term debt to working capital = [Non-current borrowings + Current maturities of Non-current Borrowings] / [Current assets less current Llabilities(Excluding current maturities of non-current borrowings)]

Current liability ratio = Current liabilities / Total liabilities

Bad debts to Account receivable ratio = Bad debts / Average gross trade receivable

Bad debt is chocount receivable ratio = pad debts / Average gross trade receivableTotal debt is total assets = Total debt (Non-current borrowings + current borrowings) / Total assetsDebtors turnover (No of days) = Avg De

Net profit margin $%$ = Profit/(Loss) for the period / Total income X 100

5 Details of Commercial Papers are as follows -

Details of Commercial Papers are as follows -		₹ in Crores
Period	AmountOutstanding	Rating
September 30, 2021		CARE A1+.CRISIL A1+
March 31, 2021		CARE A1+.CRISIL A1+

6 The Company is in compliance with the requirements of SEBI circular dated November 26, 2018 applicable to Large Corporate Borrowers (Refer Note 4).

7 The Asset Coverage Ratio as at September 30,2021 is 2.5 times as per Regulation 54(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

$\sum$

8 Previous period / year's figures have been regrouped / rearranged wherever necessary.

Date : October 28, 2021 Place: Mumbal

www.bluestarindia.com

For BLUE STAR LIMITED

Vir S. Advani Vice Chairman and Managing DirectorDIN: 01571278)

		BLUE STAR LIMITED
STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS ON SEPTEMBER 30, 2021

		₹ in Crores
SR.NO	PARTICULARS	AS AT30.09.21	AS AT31.03.21
		(UNAUDITED)	(AUDITED)
A	ASSETS
	1. Non-Current Assets
	(a) Property Plant and Equipment	244.19	248.95
	(b) Right-of-use assets	40.69	43.78
	(c) Capital Work in Progress	73.41	54.31
	(d) Intangible Assets	46.54	52.13
	(e) Intangible Assets under development	3.66	3.42
	(f) Financial Assets
	- Investments	247.42	220.82
	- Loans	2.60	5.67
	- Other Financial Assets	24.33	24.13
	(q) Income tax Asset (Net)	86.35	85.32
	(h) Deferred Tax Assets (Net)	38.82	44.07
	(i) Other non current assets	74.20	55.90
	Total - Non Current Assets	882.21	838.50
	2. Current Assets
	(a) Inventories	801.04	867.69
	(b) Financial Assets
	-investments	20.01	279.05
	$-Loans$	8.17	7.56
	-Trade Receivables	651.05	712.19
	-Cash and cash equivalents	283,86	296.19
	-Other bank balances	4.07	4.22
	-Other Financial Assets	11.09	11.42
	(c) Other Current Assets	453.03	445.13
	Asset held for sale	0.08	17.70
	Total Current Assets	2,232,40	2,641.15
	TOTAL - ASSETS	3,114.61	3,479.65
в	EQUITY AND LIABILITIES
	1. Equity
	(a) Equity Share Capital	19.26	19.26
	(b) Other Equity	891.35	899.83
	Total Equity	910.61	919.09
	2. Non-Current Liabilities
	(a) Financial Liabilities
	- Borrowings- Lease Liability	348.00	346.86
	(b) Provisions	27.27	29.36
	(c) Government Grants	10.42	10.81
	Total - Non-current liabilities	8.89	8.83
		394.58	395.86
	3. Current Liabilities
	(a) Financial Liabilities
	-Borrowings	198.14	231.93
	-Trade Payables
	i. Total outstanding dues of Micro Enterprises and small enterprises	43.79	66.89
	ii. Total outstanding dues of creditors other than Micro Enterprises and small	1,100.77
	enterprises		1,388.96
	- Lease Liability	20.91	22.86
	-Other Financial Liabilities	22.00	33.72
	(b) Provisions	40.87	37.66
	(c) Government Grants	1,91	2,33
	(d) Other Current Liabilities	381.03	380.35
	Total - Current Liabilities	1,809.42	2,164.70
	TOTAL - EQUITY AND LIABILITIES	3,114.61	3,479,65

ĨA

For BLUE STAR LIMITED

$N_{n}$ cod $\overline{\mathcal{Q}}$

Vir S. AdvaniVice Chairman and Managing Director(DIN : 01571278)

Date : October 28, 2021Place : Mumbai

.Mumbal

$\bar{\gamma}$

	FOR THE HALF YEAR ENDED
PARTICULARS	30.09.2021	30.09.2020
	UNAUDITED	UNAUDITED
CASH FLOW FROM OPERATING ACTIVITIES
Profit/(Loss) before Tax	46.66	(32.40)
Adjustments to reconcile profit before tax to net cash flows
Depreciation/ amortization expenses	38.67	39.51
Amortisation of Government Grant	(2.01)	(1.05)
Fair value (gain)/loss on financial instruments	(0.02)	2.08
Loss on sale of property, plant & Equipments	(2.37)	0.34
Bad debts written off and provision for doubtfull debts	4.58	20.92
Unrealized foreign exchange loss/(gain)	0.11	(6.71)
Liabilities written back	(11.58)	(4.40)
Finance CostRent income	23.70	37.98
Interest (income)	(0.20)	(3.24)
Mutual Fund Income	(7.68)	(4.73)
Dividend (income)	(2.43)	(1.74)
	(2.40)	(2.40)
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGESIncrease/(Decrease) in working capital :	85.03	44.16
Trade payables
Provisions	(300.09)	(638.36)
Other current liabilities	4.08	2.94
Trade receivables	0.33	(35.02)
Inventories	56.55	168.10
Loans	66.65	220.61
Other assets	2.46	(12.73)
Cash generated/(used in) from operations	(9.35)(94.34)	109.91
Direct taxes paid (net of refunds)	(11.98)	(140.39)
Net cash flow used in operating activities (A)	(106.32)	(9.81)(150.20)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Property Plant and equipments, including CWIP and capital advancesSale/(Purchase) of current investments	(52.30)	(15.50)
Purchase of non-current investments	259.04	(196.81)
Proceeds from sale of Property, Plant and Equipment	(26, 60)
Rent received	20.00	0.16
Interest received	0.20	3.24
Income from mutual fund	7.10	4.36
Dividends received	2.43	1.74
Net cash flow from/(used in) investing activities (B)	2.40	2.40
	212.27	(200.41)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds/(Repayment) from Short Term Borrowings (net)	(52.65)	(14.78)
Proceeds from Long Term Borrowings		350.00
Repayment of Long Term Borrowings		(1.87)
Inter Corporate Deposit Received from Subidiary	20.00	30.00
Repayment of Lease Liabilities	(12.03)	(10.67)
Interest and Bank charges	(35.20)	(29.81)
Dividend paid on equity shares	(38.40)	(1.89)
Net cash flow from/(used in) in financing activities (C)	(118.28)	320.98
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C)
Cash and cash equivalents at the beginning of the period	(12.33)	(29.63)
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	296.19	218.18
	283.86	188.55

BLUE STAR LIMITEDSTANDALONE CASH FLOW STATEMENT FOR HALF YEAR ENDED SEPTEMBER 30, 2021

For BLUE STAR LIMITED

$\tilde{\mathbf{g}}$

rel $\lambda$

Date : October 28, 2021 Place: Mumbai

$\overline{\mathcal{L}}$ ÷.

$\mathcal{L}^{\mathcal{C}}$

$TA$

Vir S. AdvaniVice Chairman and Managing Director(DIN : 01571278)

GAB

$\chi^{-1}$ .

MUME

				Annexure A
				Additional disclosure on Commercial Papers as per regulation 52(4) of SEBI (Listing Obligations andDisclosure Requirements), Regulations 2015, for the year ended September 30, 2021
Sr.No.	ISIN	Date of Issue	Maturity Date	Principal Amount(₹ in Crores)	Whether paidon due date ornot	OutstandingAmount as onSeptember 30,2021 (₹ in Crores)
	INE472A14LT3	29-04-2020	23-10-2020	50.00	Yes
$\overline{2}$	INE472A14LU1	10-06-2020	15-03-2021	100.00	Yes
3	INE472A14LW7	15-06-2021	13-09-2021	25,00	Yes
$\boldsymbol{\Delta}$	INE472A14LX5	18-06-2021	16-09-2021	25.00	Yes
5	INE472A14LY3	02-07-2021	29-09-2021	50.00	Yes

$\frac{1}{2}$

$\mathcal{A}$

SAS

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