Name of the Issue:

1 Type of Issue IPO (Offer for Sale)

2 Offer size (Rs crore)* 952.25 *Source: Prospectus dated March 16, 2018 3 Grade of issue alongwith name of the rating agency Not Applicable

4 Subscription level (Number of Times)** 1.28* *Source: Final Post Issue Report dated March 28, 2018 **Before technical rejections 5 QIB holding (as a % of total outstanding capital) as disclosed to stock exchanges (i) allotment in the issue 6.73% (ii) at the end of the 1st Quarter immediately after the listing of the issue 7.48% (i) at the end of FY 2018 6.74% (ii) at the end of FY 2019 7.53% (iii) at the end of FY 2020* 7.51% Source: Shareholding pattern filed with the Stock exchanges and the Basis of Allotment

6 Financials of Bharat Dynamics Limited:

(Rs. in crores) Parameters FY 18 FY19 FY20 Income from operations 4587.58 3,069.35 3095.20 Net Profit for the period 528.15 422.59 534.90 Paid-up equity share capital 183.28 183.28 183.28 Reserves excluding revaluation reserves 1,773.09 2,085.27 2423.55

7 Trading status in the scrip of the issuer (i) at the end of FY 2018 Frequently Traded (ii) at the end of FY 2019 Frequently Traded (iii) at the end of FY 2020 Frequently Traded

8 Change, if any, in directors of issuer from the disclosures in the offer document Particulars Name of the Director Appointed/(Resigned) (i) at the end of FY 2018 NA NA

Shri.G.Satheesh Reddy Appointed - Part—Time Official Director w.e.f. May 04, 2018 (ii) at the end of FY 2019 Shri. K. Divakar Resignation - Director (Technical) w.e.f. September 01, 2018 Shri.N.P.Diwakar Appointed - Director (Technical) w.e.f. September 01, 2018

November 30, 2018 - Reappointment and extension of for a period of Smt. Sushma Vishwanath Dabak one year from the date of completion of their existing tenure (ie from 01 and Shri Ajay Pandey December 2018) or until further orders, whichever is earlier

Shri. V. Udaya Bhaskar Resignation - Chairman & Managing Director w.e.f. March 01, 2019

Commodore Siddharth Mishra Appointed - Chairman & Managing Director w.e.f. March 01, 2019 (Retd) (iii) at the end of FY 2020 V. Gurudatta Prasad Cessation P. Radhakrishna Appointment Sushma Vishwanath Dabak Cessation Ajay Pandey Cessation 9 Status of implementation of project/ commencement of commercial production: (i) as disclosed in the offer document NA as 100% is Offer for Sale (ii) Actual implementation NA (iii) Reasons for delay in implementation, if any NA

10 Status of utilization of issue proceeds (i) as disclosed in the offer document NA as 100% is Offer for Sale (ii) Actual utilization NA (iii) Reasons for deviation, if any NA

11 Comments of monitoring agency: NA as 100% is Offer for Sale

12 Price- related data Issue price (Rs): 428 For Retail Investors and Eligible Employees, there was a discount of Rs 10 Designated Stock Exchange: National Stock Exchange of Limited Listing Date: March 23, 2018

Price parameters At close of listing dayAt close of 30th calendar day from listing day(23-April-2018)At close of 90th calendar day from listing day(23-June-2018) As at the end of FY 2018 As at the end of FY 2019 As at the end of FY 2020 Closing price High (during the FY) Low (during the FY) Closing price High (during the FY) Low (during the FY) Closing price High (during the FY) Low (during the FY) Market Price 389.80 408.1 386.15 392.25 414.6 362 283.15 287.1 282.55 185.15 351.30 158.10 Index(NIFTY 50): 9,998.05 10584.7 10762.45 10211.8 10220.1 10127.75 11669.15 11738.1 11644.75 8597.75 12362.3 7610.25 Sectoral Index** NA NA NA NA NA NA NA NA NA NA NA NA Note: (1) 30th calender day has been taken as listing date plus 29 calender days. Since the 30th day is falling on a Saturday, next working day has been considered for disclosure. (2) 90th calender day has been taken as listing date plus 89 calender days. Since the 30th day is falling on a Saturday, next working day has been considered for disclosure. (3) Pricing data not disclosed as the relevant fiscal year has not completed

** There is no comparable sectoral index Source: www.nseindia.com

13 Basis for Issue Price and Comparison with Peer Group

Accounting ratio Name of company As disclosed in the offer document At the end of FY 2018 At the end of FY 2019 At the end of 3rd FY 2020

EPS(Rs.per share) - Basic & Diluted Bharat Dynamics Limited 40.13 26.65 23.06 29.18 Peer Group No Listed Entity P/E* Bharat Dynamics Limited 21.33 14.72 12.30 6.35 Peer Group No Listed Entity RoNW Bharat Dynamics Limited 22.16% 26.79% 18.63% 20.52 Peer Group No Listed Entity NAV per share Bharat Dynamics Limited 181.07 106.74 123.77 142.23 Peer Group No Listed Entity Sourced from Prospectus dated March 16, 2018 *at the offer price of Rs 428

14 Any other material information NA Announcement Date

BOL has signed "Licensing Agreement' with Defense Research Development 18-Apr-18 Organization (DROO) for MK1 Weapon System

BDL is manufacturing and supplying Missiles. DAC approval is for upgraded version of Akash Weapon System equipped with seeker technology being under 18-Sep-18 upgradation by DRDO. The DAC approval would be followed by an RFP from Ministry of Defense, which would be responded by BDL promptly

8-Jan-19 BDL signs contract for supply of Anti-Tank Guided Missiles to Secretary (Defence Production) inaugurates Acoustic Tank Test Facility at BDL, 25-Jan-19 Uni

The Board of Directors of the Company have recommended a final Dividend @ Rs 1.67 30-May-19 per share (face value of Rs.10/-each) for the year ended 31.03.2019.

Shri,V.Gurudatta Prasad, Director (Production) has ceased to be Director (Production) of the Company upon his superannuation on 31st May, 2019. Based on Ministry of Defence, Letter No.DDP— MOOOl(11)/02/2018-D(BDL) dated 1-Jun-19 27m May, 2019, ShriiP.Radhakrishna has assumed the charge of Director (Production) of the Company with effect from 01 June, 2019

BDL has signed today a contract worth Rs.1187.82 Crores for supply of heavy weight 11-Jun-19 torpedoestThe contract has to be executed in next 42 months

Appointment of G. Natesan & Co. as Statutory Auditors 12-Nov-19 Board has approved an interim dividend of Rs. 6.25 per share (Face value of Rs.10/- 12-Feb-20 each) for the FY 2020 BDL recorded a turnover of Rs.3095 Crore (provisional and unaudited) for the financial year ended on March 31, 2020 (corresponding figure for the previous year was Rs.3069 crore). The Order Book of the Company as on 01/04/2020 stands at Rs.7413 Crore 10-Apr-20 (Provisional and Unaudited), which includes Akash (7 Sqdn) Order of Rs.1700 Crore received during the quarter ended 31 March 2020. BDL received order amounting to Rs.293.33 Crore (excluding GST) towards supply of MRSAM Missile Sections for deliverables. The order has to be 6-May-20 executed in next 24 months.

Company have recommended a final Dividend @ Rs 2.55 per share (face value of Rs.10/-each) for the year ended 31.03.2020. This Dividend upon approval by the 29-Jun-20 shareholders at the ensuing Annual General Meeting(AGM) will be paid within 30 days from the date of AGM.

All the above information has been updated till August 18, 2020 unless indicated otherwise