Blue Star Ltd — Interim / Quarterly Report 2021

May 28, 2021

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May 28, 2021

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 / Madam,

Sub: Disclosure of Related Party Transactions for the half year ended March 31, 2021

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, 2021.

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 Encl: a/a

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Z:(01) Blue Star Limited\2020-21\Stock Exchange Compliances\Regulation 23(9) - Related Party\31.03.2021\Reg23(9)31032021

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BLUE STAR LIMITED

Consolidated Related Party Transactions for the half year ended March 31, 2021

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

Joint Ventures	Country ofIncorporation	% of equity interest
		As at 31st March, 2021
Blue Star M & E Engineering (Sdn) BhdBlue Star Oman Electro-Mechanical Co. LLC	MalaysiaOman	49.0051.00
Key Managerial Personnel

Mr. Vir S Advani, Vice Chairman & 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 Mrs. 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 ended 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 ended with Related Parties are as under:

Transactions during the half year ended with Related Parties are as under:	Transactions during the half year ended with Related Parties are as under:	Transactions during the half year ended with Related Parties are as under:
₹ Crores
	Half year ended 31st March, 2021
Name of Related party	Transactions	Balance O/SDR/(CR)
Blue Star M & E Engineering (Sdn) Bhd		1.21
Consultancy services rendered	0.82
Redemption of preference shares	3.45
Blue Star Oman Electro-Mechanical Co. LLC	-	4.46

BLUE STAR LIMITED

Consolidated Related Party Transactions for the half year ended March 31, 2021

BLUE STAR LIMITEDConsolidated Related Party Transactions for the half year ended March 31, 2021	BLUE STAR LIMITEDConsolidated Related Party Transactions for the half year ended March 31, 2021	BLUE STAR LIMITEDConsolidated Related Party Transactions for the half year ended March 31, 2021
₹ Crores
	Half year ended 31st March, 2021
Enterprises in which Director is a member/director	Transactions	Balance O/SDR/(CR)
Sale of Goods and Services
Madison Communications Pvt. Ltd.	-	0.01
Moms Outdoor Media Solutions Pvt. Ltd.	-	(0.01)
Somany Ceramics Ltd.	0.01	0.00
Services Received
Moms Outdoor Media Solutions Pvt Ltd	-	0.01
Madison Communications Pvt Ltd	8.41	(0.71)
IBS Fintech India Pvt. Ltd.	0.02	-
Relative of Director
Fees for Professional Services	-	(0.01)
Compensation of key managerialpersonnel		(6.20)
Short term employee benefits	8.13	-
Sitting fees to Non Executive and IndependentDirectors	0.33	-
Commission to Non Executive and IndependentDirectors	0.72	-
Retirement benefits	0.37	-
Totalcompensationpaidtokeymanagerialpersonnel	9.55

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, 2021, 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.