Mandatory Accounting Standards - Ind AS – Extracts from Published Accounts-1

|226| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Particulars Holding Company Joint Ventures Key Management Personnel Other Related Parties Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Mahindra Industrial Park Private Limited — — — 5.93 — — — — Mahindra First Choice Wheels Limited — — — — — — 2.16 2.49 Mahindra & Mahindra Contech Limited — — — — — 6.63 5.41 Mahindra Logistics Ltd. — — — — — — 3.49 — Mahindra Knowledge Park (Mohali) Limited — — — — — — 0.63 0.41 Reimbursement received from parties Mahindra & Mahindra Limited 0.43 — — — — — — — Mahindra Industrial Park Private Limited — — 1.58 1.26 — — — — Mahindra World City Developers Limited — — 23.06 — — — — — Mahindra World City (Jaipur) Limited — — 27.13 — — — — — Mahindra Homes Private Limited — — 36.80 — — — — — Mahindra Happinest Developers Limited — — 103.97 236.20 — — — — Leasing Income Mahindra Homes Private Limited — — 7.52 7.52 — — — — Inter-corporate Deposit Given Mahindra World City (Maharashtra) Limited — — — — — — — Moonshine Construction Private Limited — — — — — — — — Deepmangal Developers Private Limited — — — — — — — — Mahindra Happinest Developers Limited — — — 15.00 — — — — Mahindra World City Developers Limited — — 200.00 932.63 — — — — Mahindra World City (Jaipur) Limited — — — 12,150.00 — — — — Mahindra Industrial Park Private Limited — — 157.00 - — — — — Mahindra Industrial Park Chennai Limited — — 450.00 - — — — —

|227| Chap. 13 – Ind AS 24 – Related Party Disclosures Particulars Holding Company Joint Ventures Key Management Personnel Other Related Parties Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Mahindra Retail Private Limited — — — — — — — 1,500.00 Mahindra & Mahindra Financial Services Limited — — — — — — 350.00 — Inter-corporate Deposit Realised Mahindra Happinest Developers Limited — — — 15.00 — — — — Mahindra World City Developers Limited — — 200.00 1,700.90 — — — — Mahindra World City (Jaipur) Limited — — 5,800.00 6,350.05 — — — — Mahindra Industrial Park Private Limited — — 157.00 — — — — — Mahindra Industrial Park Chennai Limited — — 450.00 — — — — — Loan Taken Mahindra & Mahindra Limited — 15,000.00 — — — — — — Tech Mahindra Limited — — — — — — 5,000.00 8,000.00 Loan Repaid Mahindra & Mahindra Limited — 15,000.00 — — — — — — Tech Mahindra Limited — — — — — — 10,000.00 8,400.00 Optionally Convertible Reedemable Debentures issued Mahindra Industrial Park Private Limited — — — 771.00 — — — — Investment Made Mahindra Industrial Park Private Limited — — — 370.00 — — — — Mahindra Happinest Developers Limited — — — 1,003.50 — — — — Investment sold / redeemed Mahindra Industrial Park Private Limited — — — 3,208.02 — — — — Interest Income Mahindra Homes Private Limited — — 2,700.27 4,022.31 — — — — Mahindra Happinest Developers Limited — — — 0.21 — — — —

|228| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Particulars Holding Company Joint Ventures Key Management Personnel Other Related Parties Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2018 Mahindra Industrial Park Private Limited — — 1.39 732.81 — — — — Mahindra World City Developers Limited — — 11.87 66.92 — — — — Mahindra World City (Jaipur) Limited — — 138.82 605.16 — — — — Mahindra Bloomdale Developers Limited # — — 55.95 224.98 — — — — Mahindra Industrial Park Chennai Limited — — 10.04 — — — — — Mahindra Retail Private Limited — — — — — — 26.23 36.49 Mahindra & Mahindra Financial Services Limited — — — — — — 2.20 - Interest Paid Mahindra & Mahindra Limited — 114.66 — — — — — — Tech Mahindra Limited — — — — — — 183.67 248.14 Dividend Paid Mahindra & Mahindra Limited 1,586.39 1,586.39 — — — — — — Mahindra World City Developers Limited — — 149.50 — — — — — Dividend Received Mahindra Integrated Township Limited — — — — — — — — Mahindra World City (Jaipur) Limited — — 1,665.00 666.00 — — — — Rights Issue of Shares (Including Securites Premium Received) Mahindra & Mahindra Limited — 16,333.67 — — — — — — Managerial Remuneration Mrs Sangeeta Prasad — — — — 109.16 — — — Ms Anita Arjun Das — — — — 231.88 282.90 — — Shares alloted under ESOP Ms Anita Arjundas — — — — 0.18 — — —

|229| Chap. 13 – Ind AS 24 – Related Party Disclosures Outstanding Balances as at year end date The following table provides the outstanding balances with related parties as on the relevant date (` in lakh) Particulars Balance as at Parent Company Joint ventures Key Management Personnel Other related parties Inter-corporate Deposit Given 31-Mar-19 — — — 350.00 31-Mar-18 — 7,564.56 — 1,500.00 Inter-corporate Loans Taken 31-Mar-19 — — — — 31-Mar-18 — — — 2,500.00 OCRDS Issued 31-Mar-19 — 771.00 — — 31-Mar-18 — 771.00 — — Security Deposit Received 31-Mar-19 — — — 540.08 31-Mar-18 540.08 — Security Deposit Paid 31-Mar-19 — 66.27 — — 31-Mar-18 — — — 99.12 Interest Income Receivable 31-Mar-19 — 16,855.96 — — 31-Mar-18 — 15,362.04 — — Interest Expense Payable 31-Mar-19 — — — — 31-Mar-18 — — — 104.95 Receivables 31-Mar-19 2,322.11 909.06 — 1.37 31-Mar-18 2,822.30 858.37 — 7.33 Payables 31-Mar-19 795.83 72.77 — 65.03 31-Mar-18 1,040.55 — — 73.34 Prepaid Rent 31-Mar-19 — 4.63 — — 31-Mar-18 — 12.15 — — Note: As the liability for gratuity and leave encashment is provided on an actuarial basis for the Company as a whole, the amount pertaining to the Key Management Personnel is not ascertained separately, and therefore, not included above. Terms and conditions of transactions with related parties The transactions with related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the year-end are unsecured and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. Compensation of key managerial personnel The remuneration of key management personnel includes remuneration paid to Ms.Anita Arjundas upto 30th September 2018 and to Mrs. Sangeeta Prasad from 01st October 2018 as below: Particulars For the year ended 31st March, 2019 For the year ended 31st March, 2018 Salary including perquisites 329.24 254.56 Other contribution to funds 11.80 28.34 Total 341.04 282.90

|230| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts 3. NAVNEET EDUCATION LIMITED 53 Related Party Transactions A. List of related parties with whom transactions have taken place and relationships: (i) Associate K-12 Techno Services Private Limited (ii) Enterprises owned or significantly influenced by key management personnel or the relative Navneet Prakashan Kendra The Flagshjp Advertising private Limited Vikas Prakashan Navneet Foundation Gala Publisher Blacksoil Capital Private Limited Sandeep Agency Anushka Builders Gala Comp Schoolwear Private Limited (upto 13th March, 2018) Sai Plast (iii) Kay Management Personnel & Relatives of the group Shri Bipin A. Gala Shri Devish G. Gala Shri Anil D. Gala Smt Henal T. Mehta Shri Gnanesh D. Gala Shri Atul J. Shethia Shri Raju H. Gala Shri Kamlesh S. Vikamsey Shri Shailendra J. Gala Shri Nilesh S. Vikamsey Shri Sanjeev J. Gala Smt. Usha Laxman Shri Kalpesh H. Gala Shri Tushar K. Jani Shri Ketan B. Gala Shri Mohinder P. Bansal Smt. Pooja Ketan Gala Dr. Vijay B. Joshi Shri Archit R. Gala (iv) Key Management Personnel & Relatives as per the Companies Act, 2013: Shri Deepak L Kaku (Chief Financial Officer of holding Company) Shri Amit D Buch (Company Secretary of holding Company and one subsidiary) (v) Post employment Benefit Plan Employees’ Gratuity scheme B. Disclosure in respect of transactions with related parties during the year: (` in Lakhs) Sr. No. Nature of Transaction/ Relationship/Major Parties 2018-19 2017-18 Amount Amounts for material transactions Amount Amounts for material transactions 1 Royalty Expense Enterprises owned or significantly influenced 3,085 2,612 Navneet Prakashan Kendra 1,737 1,370 Vikas Prakashan 808 779 Gala Publishers 540 463

|231| Chap. 13 – Ind AS 24 – Related Party Disclosures Sr. No. Nature of Transaction/ Relationship/Major Parties 2018-19 2017-18 Amount Amounts for material transactions Amount Amounts for material transactions 2. Rent Expenses Enterprises owned or significantly influenced by KMP or their relatives, including: 924 906 Navneet Prakashan Kendra 678 664 Vikas Prakashan 55 55 Gala Publishers 32 30 Sandeep Agency 159 157 Gala Comp # 3. Electricity Expense Enterprises owned or significantly influenced by KMP or their relatives, including: # # Navneet Prakashan Kendra # # 4. Legal fees Enterprises owned or significantly influenced by KMP or their relatives, including: 153 71 The Flagship Advertising Private Limited 139 63 Henal T. Mehta 14 8 5 Labour charges paid Enterprises owned or significantly influenced by KMP or their relatives, including: 5 — Sai Plast 5 — 6 Sundry balance write off. Associates — 14 K12 Techno Services Private Limited — 14 7 Remuneration / Salary Paid to KMP & their Relative 1,359 1,194 Shri Atul J. Sethia 87 64 Shri Bipin A. Gala 146 133 Shri Anil D. Gala 152 133 Shri Gnanesh D. Gala 152 133 Shri Shailendra J. Gala 132 126 Shri Raju H. Gala 158 133 Shri Sanjeev J. Gala 147 126 Shri Ketan Bipin Gala 144 126 Shri Kalpesh H. Gala 139 126

|232| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Sr. No. Nature of Transaction/ Relationship/Major Parties 2018-19 2017-18 Amount Amounts for material transactions Amount Amounts for material transactions Smt. Pooja Ketan Gala 5 4 Shri Archit R. Gala 7 3 Shri Devish G. Gala 9 6 Shri Deepak L. Kaku 46 47 Shri Amit D Butch 36 33 Sitting fees paid to nonexecutive director 12 8 Shri Kamlesh S. Vikamsey 1 1 Shri. Nilesh S. Vikamsey 1 # Smt. Usha Laxman 2 1 Shri Tushar K. Jani 3 3 Shri Mohinder Pal Bansal 2 2 Dr. Vijay B. Joshi 3 1 8 Investment in Preference Shares Associate : 1,429 2,148 K12 Techno Services Private Limited 1,429 2,148 9 Rent Income Enterprises owned or significantly influenced by KMP or their relatives, including : — 8 Blacsoil Capital Private Limited — 6 Schoolwear Private Limited — 2 10 Sales of Finished Goods Enterprises owned or significantly influenced by KMP or their relatives, including : 86 8 Navneet Foundation 86 8 11 Contribution to postemployment benefit scheme 442 406 Employees’ Gratuity scheme 442 406 12 Shares bought Back KMP & their Relative 668 — Shri Bipin A. Gala 72 — Shri Anil D. Gala 106 — Shri Gnanesh D. Gala 102 — Shri Shailendra J. Gala 41 — Shri Raju H. Gala 56 — Shri Sanjeev J. Gala 41 — Shri Ketan Bipin Gala 79 —

|233| Chap. 13 – Ind AS 24 – Related Party Disclosures Sr. No. Nature of Transaction/ Relationship/Major Parties 2018-19 2017-18 Amount Amounts for material transactions Amount Amounts for material transactions Shri Kalpesh H. Gala 134 — Smt. Pooja Ketan Gala 9 — Shri Archit R. Gala 28 — 13 Dividend KMP & their Relative 319 491 Shri Bipin A. Gala 34 53 Shri Anil D. Gala 51 82 Shri Gnanesh D. Gala 49 79 Shri Shailendra J. Gala 20 33 Shri Raju H. Gala 27 28 Shri Sanjeev J. Gala 20 33 Shri Ketan Bipin Gala 38 63 Shri Kalpesh H. Gala 64 90 Smt Pooja Ketan Gala 4 7 Shri Archit R. Gala 13 22 Dividend paid to nonexecutive director # # Shri Mohinder Pal Bansal — # Dr. Vijay B. Joshi # # Enterprises owned or significantly influenced by KMP or their relatives, including : 2 3 Smt Henal T. Mehta 2 3 C. Related Parties Account balances as on 31st March, 2019 (` in Lakhs) Sr. No. Nature of Transaction/ Relationship/Major Parties 2018-19 2017-18 Amount Amounts for material transactions Amount Amounts for material transactions 1. Investments In Equity Shares & preference shares (including Goodwill & net of Group’s share of loss) Associates: 6,573 4,583 K12 Techno Services Private Limited 6,573 4,583 2 Balance with post employment benefit Fund Employees’ Gratuity scheme 3,867 3,210

|234| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Footnote (i) The above figure excludes provision for gratuity and compensated absences which have been actuarially determined on overall basis. (ii) Transactions with related parties in the nature of sale of goods, rendering of services, purchase of goods, procurement of services are at arm's length price. 4. OIL AND NATURAL GAS CORPORATION LIMITED b) Notes to Accounts 48 Related party transactions 48.1 Name of related parties and description of relationship A Subsidiaries 1. ONGC Videsh Limited (OVL) 1.1 ONGC Nile Ganga B.V. (ONGBV) 1.1.1 ONGC Campos Ltda. 1.1.2 ONGC Nile Ganga (Cyprus) Limited.* 1.1.3 ONGC Nile Ganga (San Cristobal) B.V. 1.1.4 ONGC Caspian E&P B.V. 1.2 ONGC Narmada Limited (ONL) 1.3 ONGC Amazon Alaknanda Limited (OAAL) 1.4 Imperial Energy Limited 1.4.1 Imperial Energy Tomsk Limited 1.4.2 Imperial Energy (Cyprus) Limited 1.4.3 Imperial Energy Nord Limited 1.4.4 Biancus Holdings Limited 1.4.5 Redcliffe Holdings Limited 1.4.6 Imperial Frac Services (Cyprus) Limited 1.4.7 San Agio Investments Limited 1.4.8 LLC Sibinterneft 1.4.9 LLC Allianceneftegaz 1.4.10 LLC Nord Imperial 1.4.11 LLC Rus Imperial Group 1.4.12 LLC Imperial Frac Services 1.5 Carabobo One AB 1.5.1 Petro Carabobo Ganga B.V. 1.6 ONGC (BTC) Limited 1.7 Beas Rovuma Energy Mozambique Ltd. 1.8 ONGC Videsh Rovuma Ltd. (OVRL) 1.9 ONGC Videsh Atlantic Inc. (OVAI) 1.10 ONGC Videsh Singapore Pte. Ltd. 1.10.1 ONGC Videsh Vankorneft Pte. Ltd.

|235| Chap. 13 – Ind AS 24 – Related Party Disclosures 1.11 Indus East Mediterranean Exploration Limited. 2. Mangalore Refinery and Petrochemicals Limited. (MRPL) 3. ONGC Mangalore Petrochemicals Limited. (OMPL) 4. Hindustan Petroleum Corporation Limited.(HPCL) 4.1 Prize Petroleum Company Limited. 4.1.1 Prize Petroleum International Pte. Ltd. 4.2 HPCL Biofuels Limited. 4.3 HPCL Middle East FZCO 5. Petronet MHB Ltd (PMHBL) B Joint Ventures 1. Mangalore SEZ Limited (MSEZ) 2. ONGC Petro additions Limited (OPaL) 3. ONGC Tripura Power Company Limited (OTPC) 4. ONGC Teri Biotech Limited (OTBL) 5. Dahej SEZ Limited (DSEZ) 6. Indradhanush Gas Grid Limited (IGGL) (From August 10, 2018) 7. ONGC Mittal Energy Limited (OMEL) (through OVL) 8. Sudd Petroleum Operating Company (through OVL) 9. Mansarovar Energy Colombia Limited, Colombia (through OVL) 10. Himalaya Energy Syria BV, Netherlands (through OVL) 11. Shell MRPL Aviation Fuels and Services Limited (SMASL) (through MRPL) 12. HPCL Rajasthan Refinery Limited (through HPCL) 13. HPCL Mittal Energy Limited (through HPCL) 14. Hindustan Coals Private Limited (through HPCL) 15. South Asia LPG Company Private Limited (through HPCL) 16. Bhagyanagar Gas Limited (through HPCL) 17. Godavari Gas Private Limited (through HPCL) 18. HPCL Shapoorji Energy Private Limited (through HPCL) 19. Mumbai Aviation Fuel Farm Facility Private Limited (through HPCL) 20. Petronet India Limited (through HPCL, in process of voluntary winding up w.e.f. 30th August 2018) 21. Aavantika Gas Limited(through HPCL) 22. Ratnagiri Refinery & Petrochemicals Limited (through HPCL) 23. HPOIL Gas Private Limited ( incorporated on 30th November 2018, through HPCL) 24. Mangalore STP Limited (through MSEZ) 25. MSEZ Power Limited (through MSEZ) 26. Adani Petronet Dahej Port Pvt Ltd (APPPL) (through PLL) 27. India LNG Transport Company private Limited (through PLL) 28. North East Transmission Company Limited(NETC)(through OTPC) C Associates 1. Pawan Hans Limited. (PHL) 2. Petronet LNG Limited (PLL)

|236| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts 3. Mozambique LNG 1 Company Pte. Ltd. (through OVL) 4. Petro Carabobo S.A., Venezuela (through OVL) 5. Carabobo Ingenieria Y Construcciones, SA, Venezuela (through OVL) 6. Petrolera Indovenezolana SA, Venezuela (through OVL) 7. South East Asia Gas Pipeline Ltd, Hongkong (through OVL) 8. Tamba BV, Netherlands (through OVL) 9. JSC Vankorneft, Russia (through OVL) 10. Falcon Oil & Gas BV, Netherlands (through OVL) 11. GSPL India Gasnet Limited(through HPCL) 12. GSPL India Transco Limited (through HPCL) D Trusts (including post retirement employee benefit trust) wherein ONGC group having control 1. ONGC Contributory Provident Fund Trust 2. ONGC CSSS Trust 3. ONGC Sahyog Trust 4. ONGC PRBS Trust 5. ONGC Gratuity Fund 6. ONGC Energy Center 7. ONGC Foundation 8. MRPL Gratuity Fund Trust, (through MRPL) 9. MRPL Provident Fund Trust, (through MRPL) 10. Ujjwala Plus Foundation, (through HPCL) E Key Management Personnel of the Company E.1 Whole time directors 1. Shri Shashi Shanker , Chairman and Managing Director 2. Shri D D.Misra , Director (HR) (upto June 30, 2018) 3. Shri A K Dwivedi , Director (Exploration) 4. Shri Subhash Kumar , Director (Finance) 5. Shri Rajesh Kakkar , Director (Offshore) 6. Shri Sanjay Kumar Moitra , Director (Onshore) (w.e.f April 18, 2018) 7. Shri N C Pandey , Director (T&FS) (w.e.f October 29, 2018) 8. Dr. Alka Mittal, Director (HR) (we.f. November 27, 2018) E.2. Company Secretary 1. Shri M E V Selvamm, Company Secretary E.3. Independent Directors 1. Shri Ajai Malhotra , (re-appointment w.e.f November 20, 2018) (upto 19.11.2019) 2. Shri K M Padmanabhan , (re-appointment w.e.f November 20, 2018)(upto November 19, 2019) 3. Prof. S B Kedare , (re-appointment w.e.f November 20, 2018)(upto November 19, 2019) 4. Shri Vivek Mallya 5. Shri Sumit Bose 6. Shri Deepak Sethi 7. Dr. Santrupt Misra

|237| Chap. 13 – Ind AS 24 – Related Party Disclosures 8. Smt. Ganga Murthy 9. Shri Sambit Patra , (upto March 23, 2019) E.4. Government nominee – Directors 1. Shri Amar Nath 2. Shri Rajiv Bansal F.1 Key Management personnel of the subsidiaries 1. Mr. Narendra K Verma, Managing Director,(upto January 31,2019) OVL 2 Mr. P K Rao, Director (Operations),(upto February 28, 2019) OVL 3 Mr. Sudhir Sharma, Director (Exploration),(upto September 30,2019) OVL 4 Mr. Vivekanand, Director (Finance), OVL 5 Mr. G S Chaturvedi, Director (Exploration) ,OVL with effect from October 01, 2018 6 Shri Mukesh Kumar Surana, Chairman and Managing Director, HPCL 7 Shri Pushp Kumar Joshi, Director - Human Resources, HPCL 8 Shri J. Ramaswamy, Director – Finance,(upto 28th February 2019) HPCL 9 Shri S. Jeyakrishnan, Director - Marketing , HPCL 10 Shri Vinod S. Shenoy, Director - Refineries , HPCL 11 Shri M. Venkatesh, Managing Director with additional charge of Director (Refinery) from June 1, 2018. Additional charge of Director (Finance) from November 20, 2018,MRPL 12 Shri H. Kumar, Managing Director, from August 14, 2014 to May 31, 2018,MRPL 13 Shri M. Venkatesh Director (Refinery), from April 1, 2015 to June 1, 2018,MRPL 14 Shri A. K. Sahoo, Director (Finance), from February 1, 2016 to December 11, 2018,MRPL 15 Shri M Selvakumar, MD , PMHBL 16 Shri. R. Sridhar - Director (appointed effective March 30, 2019) ,PMHBL 17 Kumar Hariharan, director, PMHBL 18 Rakesh Kaul, Director ,PMHBL 19 Venkatesh Madhava Rao, Director, PMHBL 20 J S Prasad, Director, PMHBL 21 Satya Prakash Gupta, up to February 28, 2019 director, PMHBL 22 Vanita Kumar, Director upto December 31, 2018),PMHBL F.2 Independent Director 1. Mr. Ajai Malhotra,OVL 2. Mr. Bharatendu Nath Srivastava ,OVL 3. Smt. Kiran Oberoi Vasudev ,OVL 4. Mr. Rakesh Kacker ,OVL 5. Shri Ram Niwas Jain , HPCL 6. Smt. Asifa Khan , HPCL 7. Shri G.V. Krishna , HPCL 8. Dr. Trilok Nath Singh, HPCL 9. Shri Amar Sinha, HPCL 10. Shri Siraj Hussain, HPCL F.3 Government nominee Director

|238| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts 1. Mr. Sunjay Sudhir, , OVL 2. Dr. Kumar V Pratap, , OVL 3. Shri Sandeep Poundrik,HPCL 4. Smt. Sushma Taishete (upto May 07, 2018),HPCL 5. Shri. Subhash Kumar (effective May 22, 2018),HPCL F.4 Other Non Executive Directors 1. Shri Vinod S. Shenoy, Nominee Director (HPCL),MRPL from November 8, 2016 2. Shri Subhash Kumar, Nominee Director (ONGC),MRPL from May 15, 2018 3. Shri K.M. Mahesh, Government Nominee Director, MRPL from November 24, 2017 4. Shri Sanjay Kumar Jain, Government Nominee Director, MRPL from November 24, 2017 5. Ms.Manjula C, Independent Director, MRPL from January 31, 2017 6. Shri V.P. Haran , Independent Director, MRPL from September 08, 2017 7. Shri Sewa Ram , Independent Director, MRPL from September 08, 2017 8. Dr. G.K. Patel , Independent Director, MRPL from September 08, 2017 9. Shri Balbir Singh Yadav, Independent Director, MRPL from September 08, 2017 10. Shri Vivek Mallya, Independent Director, MRPL from January 7, 2019 11. Shri. H. Kumar, Director(upto May 30,2018), OMPL 12. Shri. M. Venkatesh Director, OMPL 13. Shri. Rajesh Shyam sunder kakkar(w.e.f. May 15, 2018), OMPL 14. Shri. A. K. Sahoo, Director(upto December 11 , 2018), OMPL 15. Shri. M. Vinaya kumar, Director( w.e.f. November 14, 2018), OMPL F.5 CFO & Company Secretary 1. Shri Dinesh Mishra, Company Secretary, MRPL 2. Shri S. Raviprasad from February 11, 2019, CFO, MRPL 3. Shri. K Sushil Shenoy, Chief Financial Officer & Chief Executive Officer, I/c, (Upto September 30,2018) OMPL 4. Shri. Sujir S Nayak,Chief Executive Officer (w.e.f. October 1,2018), OMPL 5. Shri. Surendra Nayak, Chief Financial Officer (Secondment from holding company w.e.f. October 1,2018),OMPL 6. Shri. K.B. Shyam Kumar, Company Secretary, OMPL 7. Mr. Rajni Kant, OVL 8. Chandan Kumar Das, CFO, PMHBL 9. Sachin Jayaswal, Company Secretary, PMHBL 10. Shri Shrikant Madhukar Bhosekar, Company Secretary, (Upto November 30, 2018), HPCL 11. Shri R. Kesavan, Chief Finance Officer (effective March 1, 2019), HPCL 12. Shri V. Murali, Company Secretary (effective December 1, 2018), HPCL *ONGC Nile Ganga (Cyprus) Limited , Liquidated w.e.f. July 12,2017. 48.2 Subsidiary Company OVL has 47.52% effective ownership interest, but it has 55.90% of voting rights in LLC Sibinterneft. 48.3 Details of related party Transactions after elimination: 48.3.1 Transactions with Subsidiaries:

|239| Chap. 13 – Ind AS 24 – Related Party Disclosures Intergroup related party transactions and outstanding balances with subsidiaries companies are eliminated in the preparation of Consolidated Financial Statement of the group. Hence the same has not been disclosed in group related party transactions. 48.3.2 Transactions with joint ventures Name of related party Nature of transaction Year ended March 31, 2019 Year ended March 31, 2018 Purchase of products from: a) HPCL-Mittal Energy Ltd. Petroleum product 412,624.90 2,44,432.60 b) Hindustan Colas Pvt. Ltd. Petroleum product 624.30 716.20 c) Shell MRPL Aviation Fuels and Services Ltd (SMAFSL) Contaminated Product — 0.62 Sale of products to: a) ONGC Tripura Power Company Ltd. Sale of natural gas 6,481.80 5,486.38 b) ONGC Petro additions Ltd. Sale of naphtha & C2-C3 52,459.88 36,599.87 c) Shell MRPL Aviation Fuels and Services Ltd (SMAFSL) Petroleum Products 6.434.29 4,749.18 d) HPCL-Mittal Energy Ltd. Petroleum Products 1,128.00 597.90 e) Hindustan Colas Pvt. Ltd. Petroleum Products 4,145.80 3,243.70 f) South Asia LPG Company Pvt. Ltd Petroleum Products 2.60 0 .90 Services received from: a) ONGC Teri Biotech Limited Bio-remediation services 192.68 127.60 b) ONGC Tripura Power Company Ltd. Traning 0.17 — c) ONGC Petro additions Ltd. Reimbursement of expenses incurred by OPaL 16.15 — d) Dahej SEZ Limited Lease rent charges for SEZ land for C2-C3 plant 12.78 13.67 e) MSEZ Limited Supplies and services received & Lease rent 1,031.61 963.91 f) HPCL-Mittal Energy Ltd Other Services availed 179.80 122.50 g) Hindustan Colas Pvt. Ltd. Other Services availed 113.50 11.60 h) South Asia LPG Company Pvt. Ltd. Other Services availed 837.60 1,201.90 Services provided to: a) ONGC Petro additions Limited Manpower deputation, loading and other charges 19.05 202.12 ROU Charges for pipeline received 1.36 — b) ONGC Teri Biotech Limited Field study charges and rent for colony accommodation 0.42 0.19 c) ONGC Tripura Power Company Limited Management consultancy and interest charges/Manpower deputation 0.10 0.12 d) Mangalore SEZ Other reimbursement —

|240| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Name of related party Nature of transaction Year ended March 31, 2019 Year ended March 31, 2018 e) Shell MRPL Aviation Fuels and Services Ltd (SMAFSL) Reimbursement of Electrical Charges & royalty income 9.75 9.23 f) HPCL-Mittal Energy Ltd. Manpower Supply Service, lease rent & other services 239.60 198.10 g) Hindustan Colas Pvt. Ltd. Manpower Supply Service, lease rent & other services Manpower Supply Service, 96.60 60.20 h) South Asia LPG Company Pvt. Ltd. lease rent & other services 20.80 22.30 i) HPCL Shapoorji Energy Pvt. Ltd. Manpower supply service 4.60 — j) Indradhanush Gas Grid Limited (IGGL) Manpower deputation 0.77 — Dividend Income from: a) ONGC Tripura Power Company Limited Dividend Income 672.00 700.00 b) Dahej SEZ Limited Dividend Income 80.59 — c) Shell MRPL Aviation Fuels and Services Ltd (SMAFSL) Dividend Income 21.00 112.50 d) Hindustan Colas Pvt. Ltd Dividend Income 236.30 472.50 e) Hindustan Colas Pvt. Ltd. Dividend Income 236.30 472.50 f) South Asia LPG Company Pvt. Ltd. Dividend Income 450.00 725.00 g) Petronet India Ltd. Dividend Income — 7.20 h) HPCL-Mittal Energy Ltd. Dividend Income 499.70 — Investment in equity a) HPCL Shapoorji Energy Pvt. Ltd. Investment in equity shares / Converted to Equity Shares 40.00 70.00 b) Indradhanush Gas Grid Limited (IGGL) Subscription to Equity 50.00 — Subscription of share warrants a) ONGC Petro addition Limited Subscription of share warrants 6,201.00 — Commitments given: a) ONGC Petro addition Limited Backstopping support for compulsory convertible debentures during the year — 21,630.00 Backstopping support for compulsory convertible debentures-Interest accrued during the year 447.54 1,058.13 Letter of Comfort:

|241| Chap. 13 – Ind AS 24 – Related Party Disclosures Name of related party Nature of transaction Year ended March 31, 2019 Year ended March 31, 2018 a) ONGC Petro addition Limited Letter of Comfort against term loan 65,000.00 — Letter of Comfort against Non-Convertible Debentures 8,200.00 — 48.3.3 Outstanding balances with joint ventures (` in million) Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 A. Amount receivable: a) ONGC Petro additions Limited Trade and other receivables 2,225.99 7,412.62 b) ONGC Tripura Power Company Limited Trade and other receivables 348.09 258.98 c) ONGC Teri Biotech Limited Trade and other receivables 0.01 0.01 d) Indradhanush Gas Grid Limited (IGGL) Trade and other receivables 0.83 — e) Shell MRPL Aviation Fuels and Services Ltd SMAFSL) Trade and other receivables 496.31 426.41 f) ONGC Mittal Energy Limited (OMEL) Trade and other receivables — 293.20 g) HPCL-Mittal Energy Ltd. Trade and other receivables 109.30 99.00 h) Hindustan Colas Pvt. Ltd. Trade and other receivables — 60.20 i) South Asia LPG Company Pvt. Ltd. Trade and other receivables 0.50 2.10 j) HPCL Shapoorji Energy Pvt. Ltd. Trade and other receivables 1.10 — B. Amount payable: a) ONGC Teri Biotech Limited Trade payables 70.88 39.61 b) Dahej SEZ Limited Trade payables 11.30 — c) ONGC Tripura Power Company Limited Trade payables 0.14 — d) ONGC Petro additions Limited Trade payables 16.15 — e) Mangalore SEZ Limited Trade payables 170.25 233.47 f) HPCL-Mittal Energy Ltd. Trade payables 24,038.70 19,974.60 g) Hindustan Colas Pvt. Ltd. Trade payables 271.10 195.10 h) South Asia LPG Company Pvt. Ltd Trade payables 117.80 95.80 C. Loan & Advance outstanding: ONGC Petro addition Limited Advance against equity/share warrant pending allotment 24,940.50 18,739.50 Mangalore SEZ Limited Capital advance & security Deposit 21.12 1,002.73

|242| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 D. Commitments: a) ONGC Petro addition Limited Unpaid subscription of share warrants 639.50 480.50 Backstopping support for compulsory convertible debentures 77,780.00 77,780.00 Backstopping support for compulsory convertible debentures-Interest accrued 5,117.73 4,670.19 E. Letter of Comfort: a) ONGC Petro addition Limited Letter of Comfort against term loan 65,000.00 — Letter of Comfort against Non-Convertible Debentures 8,200.00 — 48.3.4 Transactions with associates Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 A. Services received from: a) Pawan Hans Limited (PHL) Hiring of helicopter services 1,217.86 1,4562.27 b) Petronet LNG Limited Purchase of LNG 8816.95 2,025.47 Facilities charges at C2-C3 and reimbursement of consultant fee 679.08 210.69 B. Services provided to: a) Pawan Hans Limited (PHL) Miscellaneous receipt on account of liquidated damages 180.69 0.45 b) Petronet LNG Limited Director sitting fee and other charges 0.12 0.26 C. Income received from: a) Pawan Hans Limited (PHL) Dividend income 30.20 181.24 b) Petronet LNG Limited Dividend Income 1,875.00 468.75 D. Investment a) Pawan Hans Limited (PHL) Investment in Equity shares (Note no. 13.1.8.a) — 1,528.16 48.3.5 Outstanding balances with associates (` in million) Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 A. Amount payable: a) Pawan Hans Limited (PHL) Trade payables 166.20 202.15 b) Petronet LNG Limited Trade payables 493.31 464.84

|243| Chap. 13 – Ind AS 24 – Related Party Disclosures 48.3.6 Transactions with Trusts Name of related party Nature of transaction Year ended March 31, 2019 Year ended March 31, 2018 A. Remittance of payment: a) ONGC Contributory Provident Fund Trust Contribution 12,666.43 12,158.32 b) ONGC CSSS Trust Contribution 1,174.24 1,217.78 c) ONGC Sahyog Trust Contribution 27.32 28.07 d) ONGC PRBS Trust Contribution 11,095.97 11,066.09 e) ONGC Gratuity Trust Contribution 286.80 8,822.28 f) MRPL Providend Fund Contribution 462.76 428.25 B. Reimbursement of Gratuity payment made on behalf of Trust: a) ONGC Gratuity Fund Reimbursement 4,676.48 3,651.09 b) MRPL Gratuty fund Reimbursement 38.85 12.12 C. Contribution to trust: a) ONGC Energy Center For research and development 190.00 300.00 b) ONGC Foundation Contribution 1,075.21 1,563.61 48.3.7 Compensation of key management personnel • Whole time directors and Company secretary (` in million) Particulars Year ended March 31, 2019 Year ended March 31, 2018 Short term employee benefits 216.03 177.62 Post-employment benefits 27.78 33.70 Long-term benefits 9.21 8.23 Total 253.03 219.55 • Independent directors Particulars Year ended March 31, 2019 Year ended March 31, 2018 Sitting fees 25.92 22.62 Total 25.92 22.62 48.4 Disclosure in respect of Government related Entities 48.4.1 Name of Government related entities and description of relationship wherein significant amount of transaction carried out: Sl No. Government related entities Relation 1. Indian Oil Corporation Limited Central PSU 2. GAIL (India) Limited Central PSU 3. Hindustan Petroleum Corporation Ltd(upto 30, January,2018) Central PSU 4. Bharat Petroleum Corporation Ltd Central PSU

|244| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Sl No. Government related entities Relation 5. Chennai Petroleum Corporation Ltd Central PSU 6. Numaligarh Refinery Ltd Central PSU 7. Kochi Refineries Limited Central PSU 8. Bharat Heavy Electricals Limited Central PSU 9. United India Insurance Company Ltd Central PSU 10. Bharat Sanchar Nigam Limited Central PSU 11. Mahanagar Telephone Nigam Limited Central PSU 12. Balmer Lawrie & Co Ltd Central PSU 13. Engineers India Limited Central PSU 14. Shipping Corporation of India Limited Central PSU 15. Indian Strategic Petroleum Reserves Limited (ISPRL) Central PSU 16. New Manngalore Port trust Central PSU 17. Brahmaputra Cracker and Polymer Ltd Central PSU 18. Bharat Electronics Ltd Central PSU 19. Bridge & Roof Co (India) Ltd Central PSU 20. Konkan Railway Corporation Limited Central PSU 21. Central Warehousing Corporations Central PSU 22. National Insurance Company Limited Central PSU 23. New India Assurance Company Limited Central PSU 24. Oriental Insurance Co. Ltd Central PSU 25. Coal India Ltd Central PSU Central PSU 26. Oil India limited Central PSU 27. Bharat Pump and Compressor Ltd Central PSU 28. Bharat Petro Resources Limited ( BPRL) Central PSU 48.4.2 Group Transactions with Government Related Entities (Transaction and outstanding balances with Group companies) Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 Sale of products during year to: a) Indian Oil Corporation Limited Sale of crude oil , C2-C3 , SKO & LPG 427,047.97 3,63,697.83 b) Hindustan Petroleum Corporation Ltd (up to January 30,2018) Sale of crude oil, C2-C3 & LPG — 103,665.33 c) Bharat Petroleum Corporation Ltd Sale of crude oil C2-C3, SKO, HSD & LPG 243,500.61 1,92,982.23 d) Chennai Petroleum Corporation Ltd Sale of crude oil 64,699.72 47,425.98 e) Numaligarh Refinery Ltd Sale of crude oil 26,045.09 19,661.69 f) Kochi Refineries Limited Sale of crude oil 6,077.20 4,393.87 g) GAIL (India) Limited Sale of Natural Gas & other product 164,837.12 1,24,652.62

|245| Chap. 13 – Ind AS 24 – Related Party Disclosures Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 h) Brahmaputra Cracker and Polymer Ltd sale of gas 883.02 708.79 i) New Mangalore Port Trust Port Services 2.37 1.34 j) Indian Strategic Petroleum Reserves Sale of petroleum products 0.14 3.06 Limited (ISPRL) Purchase of Crude Oil on behalf of ISPRL 5,342.16 4.99 Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 Purchase of product & services during year from: a) Indian Oil Corporation Limited Purchase of Petrol Oil & lubricant & services 4,003.73 2,506.62 b) Hindustan Petroleum Corporation Ltd (up to January 30,2018) Sale of crude oil , C2-C3 & LPG — 1,384.06 c) Bharat Petroleum Corporation Ltd Purchase of Petrol Oil & lubricant & services 1,153.20 553.66 d) GAIL (India) Limited Purchase of LNG 6,653.78 4,950.14 e) Bharat Heavy Electricals Limited Purchase of drilling rig related items including spares 4,386.29 2,330.54 f) Numaligarh Refinery Ltd Purchase of HSD 147.95 132.04 g) Bharat Pump and Compressor Ltd Purchase of spare parts 258.86 323.00 h) Indian Strategic Petroleum Reserves Limited (ISPRL) Deputation of MRPL Employees 9.43 9.02 Services Received from: a) United India Insurance Company Ltd Insurance premium 1,161.44 1,212.42 b) Balmer Lawrie & Co Ltd Travel expenses 1,497.99 1,206.51 c) Shipping corporation of India Hiring of vessels 7,276.66 8,703.77 d) Bharat Electronics Ltd Employee Access Control System 793.20 887.51 e) Oriental Insurance Co. Ltd Insurance premium 316.81 251.20 f) New Mangalore Port Trust Port Services 394.52 132.30 g) Bridge & Roof Co (India) Ltd Job Work Service 1,118.60 192.38 h) Engineers India Ltd Technical Services 414.73 771.36 i) New Mangalore Port Trust Port Services 1,359.55 1,371.47 j) Konkan Railway Corporation Limited Railway Siding 0.00 248.09 k) National Insurance Company Limited Insurance premium 29.38 12.09 l) New India Assurance Company Limited Insurance premium 41.44 117.64 m) Indian Oil Corporation Limited (IOCL) Testing Fees 3.02 0.04

|246| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Name of related party Nature of transaction As at March 31, 2019 As at March 31, 2018 n) Central Warehousing Corporations Services 0.11 0.50 o) Bharat Petroleum Corporation Ltd (BPCL) Programme Services 0.06 0.00 p) Oil India limited Pipe line service 200.12 195.07 Dividend Income received from: a) Indian Oil Corporation Limited Dividend income 13,706.46 13,372.15 b) GAIL (India) Limited Dividend income 837.48 845.38 (` in million) As at March 31, 2019 As at March 31, 2018 Amount receivable: a) Indian Oil Corporation Limited Trade & other receivable 36,692.05 11,834.05 b) Bharat Petroleum Corporation Ltd Trade & other receivable 11,704.13 13,620.03 c) Chennai Petroleum Corporation Ltd Trade & other receivable 4,628.93 2,270.88 d) Numaligarh Refinery Ltd Trade & other receivable 1,868.36 1,856.90 e) GAIL (India) Limited Trade & other receivable 11,223.94 8,915.50 f) United India Insurance Company Ltd Claim receivable (net) 3.23 2.52 g) Oil India Ltd. Trade & other receivable 650.94 1053.54 h) Brahmaputra Cracker and Polymer Ltd Trade & other receivable 142.66 45.51 i) Kochi Refineries Limited Trade & other receivable 9.56 9.56 j) Indian Strategic Petroleum Reserves Limited (ISPRL) Trade, other receivable & advance given 8.89 5.28 k) New Mangalore Port Trust Trade & other receivable 222.66 53.46 l) Coal India Ltd Trade & other receivable 724.25 622.11 m) Bharat Petro Resources Limited ( BPRL) Trade & other receivable 96.29 96.29 Amount payable: a) Indian Oil Corporation Limited Trade & other payable 354.46 51.93 b) Bharat Petroleum Corporation Ltd Trade & other payable 285.21 80.75 c) GAIL (India) Limited Trade & other payable 332.41 246.75 d) Bharat Heavy Electricals Limited Trade & other payable 1,945.83 1,879.54 e) Balmer Lawrie & Co Ltd Trade & other payable 84.78 16.96 f) Shipping Corporation of India Trade & other payable 1,383.88 2,017.35 g) Numaligarh Refinery Ltd Trade & other payable 5.57 6.15 h) Bharat Electronics Ltd Trade & other payable 796.65 887.51 i) Oil India Limited Trade & other payable 156.95 95.91

|247| Chap. 13 – Ind AS 24 – Related Party Disclosures As at March 31, 2019 As at March 31, 2018 j) Bharat Pumps and compressors Ltd Trade & other payable 25.76 16.26 k) Bridge & Roof Co (India) Ltd Trade & other payable 114.05 103.84 l) Engineers India Ltd Trade & other payable 157.93 558.64 m) Konkan Railway Corporation Limited Trade & other payable - 16.85 n) New Mangalore Port Trust Trade & other payable 0.74 (0.09) o) Central Warehousing Corporations Trade & other payable (0.08) (0.06) p) National Insurance Company Trade & other payable 0.25 - The above transactions with the government related entities cover transactions that are available for the Company and its subsidiaries. Further, the transactions included above covers transactions that are significant individually and collectively. The Group has also entered into other transactions such as telephone expenses, air travel, fuel purchase and deposits etc. with above mentioned and other various government related entities. These transactions are insignificant individually and collectively and hence not disclosed. 5. SHOPPERS STOP LIMITED 32 Related party disclosures Names of related parties and description of relationship: (a) Key Management Personnel Executive Director Govind Shrikhande (upto June 30,2018) Rajiv Suri (w.e.f June 08, 2018) Non Executive Directors Chandru L.Raheja (upto June 08,2018) Ravi Raheja Neel Raheja B. S. Nagesh Nitin Sanghavi Deepak Ghaisas Nirvik Singh Ameera Shah (w.e.f.June 08,2018) Abanti Sankaranarayanan (upto June 08,2018) Gareth Thomas (upto October 26, 2017) Manish Chokhani Amisha Prabhu Robert Bready (w.e.f.July 27,2018) Chief Executive Officer Rajiv Suri (w.e.f January 09, 2018) Chief Financial Officer Karunakaran M (w.e.f.June 08,2018) Sanjay Chakravarti (upto December 22, 2017) Deputy Chief Financial Officer Company Secretary Vijay Jain (from April 27, 2018 to June 08, 2018)

|248| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Holding Company Bharat Sanghavi Subsidiary Company (Crossword Bookstores Ltd) Valde Varghese Business Head and Manager (Crossword Bookstores Ltd) Maulik Desai (b) Promoter directors Chandru L.Raheja Ravi Raheja Neel Raheja (c) Entities in which a director is a director Ivory Properties and Hotels Private Limited * Avacado Properties and Trading India Private Limited* Trion Properties Private Limited * Retailers Association of India K. Raheja Corp. Private Limited* Inorbit Malls (India) Private Limited* K. Raheja Private Limited* Chalet Hotels Pvt Limited* Magna Warehousing & Distribution Private Limited* Juhu Beach Resorts Ltd.*, Genext Hardware and Parks Private Limited * (d) Entities in which other directors are directors / trustees Sanghavi Associates Ltd., Trust for Retailers & Retailers Associates of India Trrain Circle Private Limited Trrain Foundation, JW Marriott Sahar Mumbai unit of Chalet Hotels Pvt Limited* Note 35 provides the information about the group’s structure including the details of the subisidiaries. The following table provides the total amount of transactions that have been entered into with related parties for the relevant financial year :

|249| Chap. 13 – Ind AS 24 – Related Party Disclosures Nature Entities in which a director is a director (refer (c) above Related Parties of Joint Ventures (refer note 35) Key Management Personnel Total Compensation to key management personnel Remuneration to managing director — — 506.21 506.21 Short term benefits — — 380.57 Post employment benefits — — 125.64 Share based payments — (499.16) (499.16) Remuneration to managing director & chief executive officer — — 621.62 621.62 (Mr. Rajiv Suri,chief executive officer was appointed as managing director & chief executive officer w.e.f. 08 June 2018) — — Short term benefits — — 616.09 Post employment benefits — — 0.08 Share based payments — — 5.45 (100.22) (100.22) Remuneration to company secretary — — 51.32 51.32 Short term benefits — — 49.81 Post employment benefits — — 0.36 Share based payments — — 1.15 (43.63) (43.63) Remuneration to chief financial officer — — 102.85 102.85 Short term benefits — — 95.02 Post employment benefits — — 5.14 Share based payments — — 2.69 (100.65) (100.65) Remuneration to Deputy Chief Financial Officer — — 16.62 16.62 Short term benefits — — 15.94 Post employment benefits — — 0.68 Share based payments — — — — — Remuneration to company secretary of Subsidiary Co — — 17.34 17.34 Short term benefits — — 17.02 Post employment benefits — — 0.32 Share based payments — — — (8.89) (8.89) Maulik Desai — — 45.43 45.43 Short term benefits — — 45.43 Post employment benefits — — —

|250| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Nature Entities in which a director is a director (refer (c) above Related Parties of Joint Ventures (refer note 35) Key Management Personnel Total Share based payments — — — (33.56) (33.56) Other related party transactions Payment of Business conducting fees 1,657.25 1,657.25 Ivory Properties and Hotels Private Limited * 1,657.25 (1,441.11) (1,441.11) Payment of Lease rent 3,868.71 3,868.71 (3,745.49) (3,745.49) Ivory Properties and Hotels Private Limited * 253.76 (264.88) Inorbit Malls (India) Private Limited * 2,466.68 (2,457.66) Chalet Hotels Ltd * 374.40 (143.79) Trion Properties Private Limited * 773.87 (706.61) Genext Hardware and Parks Private Limited * — (172.55) — Payment of common area maintenance (Repair & Maintenance- Building) 992.56 992.56 (997.14) (997.14) Ivory Properties and Hotels Private Limited * 16.41 (10.45) Inorbit Malls (India) Private Limited * 686.49 (717.47) Chalet Hotels Ltd * 37.19 — Trion Properties Private Limited * 252.47 (269.22) Reimbursement of Expenses 524.13 — 1.56 525.68 (627.40) — — (627.40) Inorbit Malls (India) Private Limited * 363.71 (472.63) Trion Properties Private Limited * 121.42

|251| Chap. 13 – Ind AS 24 – Related Party Disclosures Nature Entities in which a director is a director (refer (c) above Related Parties of Joint Ventures (refer note 35) Key Management Personnel Total (138.71) Chalet Hotels Ltd* 19.40 — Sanghavi Associates Ltd — — (10.06) — Juhu Beach Resorts Limited * 10.97 (0.10) Retailers Association of India 4.16 (3.51) Trrain Foundation 4.47 — Trrain Circle Pvt Ltd — (0.77) K.Raheja Corp.Pvt.Ltd.* — (1.63) B.S.Nagesh — 1.56 — (0.95) Deposits Paid 24.30 — — 24.30 (71.04) (71.04) Inorbit Malls (India) Private Limited * — (49.64) Trion Properties Private Limited * 1.01 (0.88) Genext Hardware and Parks Private Limited * — (20.52) Chalet Hotels Ltd* 23.30 — Advance Rent — — — - (29.47) — — (29.47) Genext Hardware and Parks Private Limited * — — Avacado Properties and Trading (India) Private Limited * — (0.71) Expenses paid 221.59 — 221.59 (150.88) — — (150.88)

|252| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Nature Entities in which a director is a director (refer (c) above Related Parties of Joint Ventures (refer note 35) Key Management Personnel Total Miscellaneous expenses Chalet Hotels Ltd* 5.99 — Inorbit Malls (India) Private Limited * 5.60 (8.88) Juhu Beach Resorts Ltd.* 1.76 — Retailers Association of India 2.00 (2.00) JW Marriott Sahar Mumbai unit of Chalet Hotels Pvt ltd * — (4.78) Legal and professional fees Chalet Hotels Ltd* 0.37 — Retailers Association of India 5.00 — JW Marriott Sahar Mumbai unit of Chalet Hotels Pvt ltd * — (0.37) Advertisement and publicity Inorbit Malls (India) Private Limited * 73.14 (53.82) Trion Properties Private Limited * 23.17 (17.04) Salaries & Wages (Recruitment expenses) Juhu Beach Resorts Ltd.* 5.27 — Corporate Social Responsibility expenses CSR- Trust for Retailers & Retail Association of India 99.29 (64.00) Deposit received back Trion Properties Private Limited — — — — (197.18) (197.18) Commission and Sitting fees to non executive Directors 84.99 84.99

|253| Chap. 13 – Ind AS 24 – Related Party Disclosures Nature Entities in which a director is a director (refer (c) above Related Parties of Joint Ventures (refer note 35) Key Management Personnel Total Chandru L. Raheja (upto June 8,2018) 1.00 Ravi Raheja 11.50 Neel Raheja 9.00 B. S. Nagesh 8.03 Nitin Sanghavi 10.50 Deepak Ghaisas 13.50 Nirvik Singh 9.50 Ameesha Prabhu 0.12 Vidya Hariharan 0.09 Abanti Sankaranarayanan (upto June 8,2018) 1.25 Manish Chokhani 9.50 Ameera Shah (appointed w.e.f. June 08,2018) 5.50 Robert Bready (appointed w.e.f. July 27,2018) ** 5.50 (50.83) (50.83) The figures in bracket pertain to previous year Balance outstanding at the year end 31 March 2019 31 March 2018 Payable Upasna Trading Limited 108.65 109.37 Receivables Shoppers Stop Services (India) Limited 1.79 1.51 Shoppers Stop.Com (India) Limited 3.75 2.72 Hypercity Retail (India) Limited - 63.58 Ivory Properties and Hotels Private Limited * 1,016.15 1,010.52 Inorbit Malls (India) Private Limited * 861.23 846.31 Genext Hardware and Parks Private Limited * - 179.55 Gateway Multi Channel Retail (India) Limited 2,329.48 2,329.10 Trion Properties Private Limited* 286.83 285.96 Crossword Bookstores Limited 1,567.54 744.74 # All the amount is provided for in the books The Company has given corporate guarantee to banks for loans taken by subsidiaries - Refer note 29(ii)(b) The figure in bracket pertain to previous year * These parties are not related to Shoppers Stop Ltd. per Ind AS 24 definition. These parties have been reported on the basis of their classification as related party under the Companies Act 2013. ** An amount of `9 Lacs is payable to Mr. Robert Bready, for providing training and advisory services to the senior management of the Company.

|254| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Terms and conditions of transactions with related parties The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the year ended 31 March 2019, the Company has not recorded any impairment of receivables relating to amounts owed by related parties (31 March 2018:` Nil). This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 6. TATA COMMUNICATIONS LIMITED Accounting Policies 45. Related party transactions i. Names of related parties and nature of relationship Sr. No Category of related parties Names a. Controlling Entities/ Investing parties Tata Sons Private Limited (investing party upto 27 May 2018 and controlling entity w.e.f 28 May 2018) Panatone Finvest Limited (investing party upto 27 May 2018 and controlling entity w.e.f 28 May 2018) b. Subsidiaries, Associates and joint ventures of controlling entities and their subsidiaries * (“Affiliates”) (Refer notes below) AirAsia (India) Limited APTOnline Limited (formerly APOnline Limited) Arvind and Smart Value Homes LLP ATC Infrastructure Services Private Limited (w.e.f. 31.05.2018) (formerly ATC Infrastructure Services Limited) ATC Telecom Infrastructure Private Limited (formerly Viom Networks Limited) Automotive Stampings and Assemblies Limited Benares Hotels Limited Calsea Footwear Private Limited C-Edge Technologies Limited CMC Americas Inc. Coastal Gujarat Power Limited Concorde Motors (India) Limited Conneqt Business Solutions Limited (formerly Tata Business Support Services Limited) (Ceased to be a subsidiary and is an associate w.e.f. 27.11.2017) Diligenta Limited Ecofirst Services Limited

|255| Chap. 13 – Ind AS 24 – Related Party Disclosures Sr. No Category of related parties Names Fiora Business Support Services Limited (formerly known as Westland Limited) Fiora Hypermarket Limited Fiora Services Limited HL Promoters Private Limited Indian Rotorcraft Limited Indian Steel & Wire Products Ltd. Inditravel Limited Industrial Energy Limited Infiniti Retail Limited Jaguar Land Rover Limited Jamshedpur Utilities & Services Company Limited Kolkata-One Excelton Private Limited Kriday Realty Private Limited Lokmanaya Hospital Private Limited MahaOnline Limited Maithon Power Limited MGDC S.C. Move On Componentes E Calcado, S.A. MP Online Limited Nelco Limited Nova Integrated Systems Limited Pamodzi Hotels Plc Piem Hotels Limited Powerlinks Transmission Limited Princeton Infrastructure Private Limited (ceased to be a joint venture and is a subsidiary w.e.f. 15.03.2019) Promont Hilltop Private Limited Rallis India Limited Roots Corporation Limited Sai Life Science Limited (ceased w.e.f. 25.07.2018) Sector 113 Gatevida Developers Private Limited (formerly Lemon Tree Land & Developers Private Limited) Shriji Polymers (India) Limited Sir Dorabji Tata Trust Sir Ratan Tata Trust Smart ICT Services Private Limited (w.e.f. 28.05.2018) Smart Value Homes (Boisar) Private Limited (formerly Niyati Sales Private Limited)

|256| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Sr. No Category of related parties Names Star Health & Allied Insurance Company Limited (ceased w.e.f. 28.03.2019) STT Global Data Centres India Private Limited (formerly Tata Communications Data Centers Private Limited) (w.e.f. 28.05.2018) STT Tai Seng Pte Limited (w.e.f. 28.05.2018) T S Alloys Limited T S Global Procurement Company Pte. Ltd. T.V.Sundram Iyengar & Sons Pvt. Ltd. TACO Sasken Automotive Electronics Limited (excluded from consolidation by TACO from 01.10.2010) (under liquidation w.e.f. 30.09.2010) TAL Manufacturing Solutions Limited (w.e.f. 29.03.2019) TASEC Limited (formerly TAS-AGT Systems Limited) Tata Advanced Materials Limited (ceased to be a subsidiary w.e.f. 27.03.2019) Tata Advanced Materials Limited (w.e.f. 27.03.2019) Tata Advanced Systems Limited TATA Africa Holdings (Kenya) Limited Tata Africa Holdings (SA) (Proprietary) Limited Tata Africa Services (Nigeria) Limited Tata AIA Life Insurance Company Limited Tata AIG General Insurance Company Limited Tata America International Corporation Tata Asset Management Limited Tata AutoComp GY Batteries Private Limited (formerly Tata AutoComp GY Batteries Limited) Tata Autocomp Hendrickson Suspensions Private Limited (formerly Taco Hendrickson Suspensions Private Limited) Tata Autocomp Katcon Exhaust Systems Private Limited (formerly Katcon India Private Limited) Tata Autocomp Systems Limited Tata Boeing Aerospace Limited (formerly Tata Aerospace Limited) Tata Capital Financial Services Limited Tata Capital Housing Finance Limited Tata Chemicals Europe Limited Tata Chemicals Limited

|257| Chap. 13 – Ind AS 24 – Related Party Disclosures Sr. No Category of related parties Names Tata Chemicals Magadi Limited Tata Coffee Ltd. Tata Communications MOVE Nederland B.V. (formerly Teleena Nederland B.V.) (w.e.f. 02.10.2018) Tata Consultancy Services (Africa) (PTY) Ltd. Tata Consultancy Services (South Africa) (PTY) Ltd. Tata Consultancy Services Asia Pacific Pte Ltd. Tata Consultancy Services Belgium (formerly Tata Consultancy Services Belgium S.A.) Tata Consultancy Services Canada Inc. Tata Consultancy Services Limited Tata Consultancy Services Malaysia Sdn Bhd TATA CONSULTANCY SERVICES NETHERLANDS BV Tata Consultancy Services Switzerland Ltd. Tata Consulting Engineers Limited Tata Elxsi Limited Tata Ficosa Automotive Systems Private Limited (Tata Ficosa Automotive Systems Limited) Tata Global Beverages GB Ltd. Tata Global Beverages Limited TATA HOLDINGS MOCAMBIQUE LIMITADA Tata Housing Development Company Limited Tata Industries Limited (ceased to be subsidiary and became a joint venture w.e.f. 27.03.2019) Tata Interactive Systems GmbH (ceased w.e.f. 02.07.2018) Tata International Limited Tata International Metals (Americas) Limited (formerly Tata Steel International (North America) Limited) Tata International Singapore Pte Limited Tata Internet Services Limited (Amalgamated with Tata Teleservices Limited pursuant to the order dated 24.04.2017 of the Hon'ble High Court of Judicature at New Delhi. Effective Date: 04.05.2017. Appointed Date: 01.01.2015) Tata limited Tata Marcopolo Motors Limited Tata Metaliks Ltd. Tata Motors European Technical Centre PLC

|258| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Sr. No Category of related parties Names Tata Motors Finance Limited (formerly Sheba Properties Limited) Tata Motors Insurance Broking and Advisory Services Limited Tata Motors Limited Tata Power Delhi Distribution Limited Tata Power Solar Systems Limited Tata Power Trading Company Limited Tata Projects Limited Tata Realty and Infrastructure Limited Tata Securities Limited Tata SIA Airlines Limited Tata Sikorsky Aerospace Limited (formerly Tata Aerospace Systems Limited) Tata Sky Broadband Private Limited (formerly Quickest Broadband Private Limited) Tata Sky Limited Tata South-East Asia Limited Tata Sponge Iron Limited Tata Steel BSL Limited (formerly Bhushan Steel Limited) Tata Steel Limited Tata Steel Minerals Canada Limited Tata Steel Processing and Distribution Limited Tata Steel Special Economic Zone Limited Tata Steel UK Limited Tata Technologies Inc. Tata Technologies Europe Limited Tata Technologies Limited Tata Technologies Pte. Limited Tata Teleservices (Maharashtra) Limited (Ceased to be a jont venture and became a subsidiary w.e.f. 31.10.2017) Tata Teleservices Limited (Ceased to be a joint venture and became a subsidiary w.e.f. 31.10.2017) Tata Toyo Radiator Limited (ceased to be a joint venture and became a subsidiary w.e.f. 01.07.2018) Tata Toyo Radiator Limited (ceased to be a joint venture and became a subsidiary w.e.f. 01.07.2018) TATA UGANDA LIMITED Tata Unistore Limited (formerly Tata Industrial Services Limited) (Ceased to be a subsidiary and became a joint venture w. e. f. 29.03.2018)

|259| Chap. 13 – Ind AS 24 – Related Party Disclosures Sr. No Category of related parties Names Tata Unistore Limited (formerly Tata Industrial Services Limited) (Ceased to be a subsidiary and became a joint venture w. e. f. 29.03.2018) (ceased w.e.f. 27.03.2019) Tata Value Homes Limited (formerly Smart Value Homes Limited) TATA ZAMBIA LIMITED Tatanet Services Ltd. TCS e-Serve America, Inc. TCS e-Serve International Limited TCS Financial Solutions Australia Pty Limited TCS Italia SRL TEMA India Private Limited The Indian Hotels Company Limited The Tata Power Company Limited The Tinplate Company of India Limited Titan Company Limited TM Automotive Seating Systems Private Limited TP Ajmer Distribution Limited Trent Limited TRIL Amritsar Projects Limited (formerly TRIF Amritsar Projects Limited) Tril Infopark Limited TVS Logistics Services Limited United Hotels Limited United Telecom Limited (w.e.f. 28.05.2018) Varroc Engineering Private Limited (ceased w.e.f. 06.07.2018) Voltas Limited Vortex Engineering Private Limited c. Associates United Telecom Limited STT Global Data Centres India Private Limited STT Tai Seng Pte Limited Teleena Holding B. V (up to 1 October 2018) Smart ICT Services Private Ltd. e. Key Managerial Personnel Mr Vinod Kumar Managing Director and Group CEO f. Others Multiples Alternate Asset Management Private Limited PeopleStrong HR Services Private Limited Encube Ethicals Private Limited Tata Communications Employee Provident Fund Trust Tata Communications Employee Gratuity Trust

|260| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts * Where transactions have taken place Note On May 28, 2018, Tata Sons Private Limited (‘TSPL’) and its wholly owned subsidiary, Panatone Finvest Limited (‘Panatone’), increased their combined stake in TCL to 48.90% there by gaining de-facto control as per Ind-AS. Accordingly, the Company has classified TSPL and Panatone as “Controlling Entities” and disclosed subsidiaries, joint ventures and associates of Controlling Entities and their subsidiaries as the ‘Affiliates’ of the Controlling entities, effective this date. The Company had disclosed subsidiaries and joint ventures of Investing Parties and their subsidiaries as ‘Affiliates’ of the Investing parties in the previous year. Particulars Controlling Entities/ Investing Parties Affiliates Key management personnel Associates Others Total Transactions with related parties Dividend paid 62.67 — — — — 62.67 75.52 — — — — 75.52 Brand equity expenses 9.10 — — — — 9.10 19.92 — — — — 19.92 Revenue from telecommunication 3.35 1,179.06 — 93.06 0.0 1,275.47 services 3.62 877.09 — (24.12) 0.01 856.60 Network and transmission — 430.21 — 29.22 — 459.43 — 277.31 — 16.92 — 294.23 Purchase of property plant and equipment — 42.32 — 1.98 — 44.30 — 43.09 — — — 43.09 Transfer of property plant and equipment — — 0.73 — 0.73 — — — — — Services rendered — — — 4.30 — 4.30 — — — 27.35 — 27.35 Services received 0.64 264.56 — 63.58 — 328.78 0.63 197.81 — 45.20 — 243.64 Equity capital contribution — — — 35.01 — 35.01 — — — 0.32 — 0.32 Preference capital contribution — — — 0.03 — 0.03 Interest income — — — — — - 29.72 — — — — 29.72 Managerial remuneration — — 23.69 — — 23.69 — — 26.86 — — 26.86 Redemption of debentures — — — — — - Royalty expenses 1.09 — — — — 1.09 2.05 — — — — 2.05 Purchase of current investments — 448.65 — — — 448.65 — — — — — — Redemptions of current investments — 409.99 — — — 409.99 — — — — — —

|261| Chap. 13 – Ind AS 24 – Related Party Disclosures Particulars Controlling Entities/ Investing Parties Affiliates Key management personnel Associates Others Total Contribution to gratuity trust — — — — 21.96 21.96 — — — — 5.96 5.96 Contribution to PF trust — — — — 71.59 71.59 — — — — 64.36 64.36 Balances with related parties Receivables 0.54 479.54 — 60.69 0.00 540.77 0.71 336.16 — 68.28 @ 405.15 Trade Payables (including capital creditors) 19.26 424.49 20.68 29.63 6.19 500.25 48.23 228.38 20.52 32.83 5.61 335.57 Other investments-current — 40.00 — — — 40.00 — — — — — — Other financial assets – Non – Current — 1.14 — 0.22 — 1.36 — 0.28 — — — 0.28 Other financial assets – Current — 0.73 — 49.41 — 50.14 — 0.27 — 70.34 — 70.61 Other assets – Current — 17.17 — 1.40 — 18.57 0.01 4.99 — — — 5.00 Other assets – Non-Current — 0.02 — — — 0.02 — — — — — - Other liabilities - Non – current — 42.90 — — — 42.90 — 4.99 — — — 4.99 Other financial liabilities – Current @ 6.07 — 17.99 — 24.06 @ 5.31 — — — 5.31 Other liabilities – Current 0.24 14.40 — 78.98 93.62 0.07 8.90 — 0.06 0.03 9.06 Payment to non-controlling — — — — — shareholders of subsidiary — 13.40 — — — 13.40 7. TATA CONSULTANCY SERVICES LIMITED 35) Related party transactions Tata Consultancy Services Limited’s principal related parties consist of its holding company Tata Sons Private Limited and its subsidiaries, its own subsidiaries, affiliates and key managerial personnel. The Group’s material related party transactions and outstanding balances are with related parties with whom the Group routinely enter into transactions in the ordinary course of business. Refer note 34 for list of subsidiaries of the Company. Transactions and balances with its own subsidiaries are eliminated on consolidation.

|262| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Transactions with related parties are as follows: (` crore) Year ended March 31, 2019 Tata Sons Private Limited Subsidiaries of Tata Sons Private Limited Associates/ joint ventures of Tata Sons Private Limited and their subsidiaries Other related parties Total Revenue 27 298 2,241 — 2,566 Purchases of goods and services (including reimbursements) 1 447 378 — 826 Brand equity contribution 167 — — — 167 Facility expenses 1 37 17 — 55 Bad debts and advances written off, allowance for doubtful trade receivables and advances (net) — (7) 1 — (6) Contribution to post employment benefit plans — — — 816 816 Purchase of property, plant and equipment — 2 48 — 50 Loans and advances given — 2 2 — 4 Loans and advances recovered — — 3 — 3 Dividend paid 7,254 3 — — 7,257 Buy-back of shares 10,455 4 — — 10,459 Issue of bonus shares* — — — — — *Refer note 17. (` crore) Year ended March 31, 2018 Tata Sons Private Limited Subsidiaries of Tata Sons Private Limited Associates / joint ventures of Tata Sons Private Limited and their subsidiaries Other related parties Total Revenue 13 260 1,993 — 2,266 Purchases of goods and services (including reimbursements) 5 37 571 — 613 Brand equity contribution 185 — — — 185 Facility expense 1 36 6 — 43

|263| Chap. 13 – Ind AS 24 – Related Party Disclosures Year ended March 31, 2018 Tata Sons Private Limited Subsidiaries of Tata Sons Private Limited Associates / joint ventures of Tata Sons Private Limited and their subsidiaries Other related parties Total Bad debts and advances written off, allowance for doubtful trade receivables and advances (net) — 5 5 — 10 Contribution to post employment benefit plans — — — 821 821 Purchase of property, plant and equipment — 6 45 — 51 Loans and advances recovered — — 5 — 5 Dividend paid 6,826 3 2 — 6,831 Buy-back of shares 10,278 7 21 — 10,306 Balances receivable from related parties are as follows: (` crore) As at March 31, 2019 Tata Sons Private Limited Subsidiaries of Tata Sons Private Limited Associates / joint ventures of Tata Sons Private Limited and their subsidiaries Total Trade receivables and unbilled receivables 8 118 647 773 Loans receivables, other financial assets and other assets 3 28 6 37 Total 11 146 653 810 (` crore) As at March 31, 2018 Tata Sons Private Limited Subsidiaries of Tata Sons Private Limited Associates / joint ventures of Tata Sons Private Limited and their subsidiaries Total Trade receivables and unbilled revenue 8 122 637 767 Loans receivables, other financial assets and other assets 3 27 7 37 Total 11 149 644 804

|264| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Balances payable to related parties are as follows: (` crore) As at March 31, 2019 Tata Sons Private Limited Subsidiaries of Tata Sons Private Limited Associates / joint ventures of Tata Sons Private Limited and their subsidiaries Total Trade payables, unearned and deferred revenue, other financial liabilities and other liabilities 170 106 129 405 Commitments — 14 53 67 (` crore) As at March 31, 2018 Tata Sons Private Limited Subsidiaries of Tata Sons Private Limited Associates / joint ventures of Tata Sons Private Limited and their subsidiaries Total Trade payables, unearned and deferred revenue, other financial liabilities and other liabilities 165 22 206 393 Commitments — 8 39 47 Transactions with key management personnel are as follows: (` crore) Year ended March 31, 2019 Year ended March 31, 2018 Short-term benefits 33 27 Dividend paid during the year 1 1 Total 34 28 The remuneration of directors and key executives is determined by the remuneration committee having regard to the performance of individuals and market trends. The above figures do not include provisions for encashable leave, gratuity and premium paid for group health insurance, as separate actuarial valuation / premium paid are not available. 8. TV 18 BROADCAST LIMITED Disclosures Note 36 Related Parties Disclosures As per Ind AS 24, the disclosures of transactions with the related parties are given below: (a) List of related parties where control exists and related parties with whom transactions have taken place and relationships:

|265| Chap. 13 – Ind AS 24 – Related Party Disclosures Sr. No. Name of the Related Party Relationship 1 Independent Media Trust Enterprises Exercising Control 2 Adventure Marketing Private Limited * 3 Watermark Infratech Private Limited * 4 Colorful Media Private Limited * 5 RB Media Holdings Private Limited * 6 RB Mediasoft Private Limited * 7 RRB Mediasoft Private Limited * 8 RB Holdings Private Limited * 9 Teesta Retail Private Limited 10 Network18 Media & Investments Limited 11 Reliance Industries Limited Beneficiary/ Protector of Independent Media Trust 12 Reliance Industrial Investments and Holdings Limited 13 IBN Lokmat News Private Limited Joint Ventures and their Subsidiaries 14 Viacom18 Media Private Limited @ 15 IndiaCast Media Distribution Private Limited @ 16 IndiaCast UK Limited @ 17 IndiaCast US Limited @ 18 Viacom18 US Inc @ 19 Viacom18 Media UK Limited @ 20 Roptonal Limited @ 21 Eenadu Television Private Limited Associate 22 Big Tree Entertainment Private Limited Associates of Holding Company 23 TV18 Home Shopping Network Limited (w.e.f.15th February, 2018) 24 Shop CJ Network Private Limited (w.e.f.15th February, 2018) Subsidiary of Associate of Holding Company 25 Reliance Retail Limited Fellow Subsidiaries 26 Reliance Jio Infocomm Limited 27 Reliance Corporate IT Park Limited 28 Reliance Brands Limited 29 Reliance Lifestyle Holdings Limited 30 Saavan LLC 31 e-Eighteen.com Limited 32 Network18 Holding Limited ** 33 Television Eighteen Media and Investments Limited (TEMIL) ** 34 Digital 18 Media Limited ** 35 E-18 Limited **

|266| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Sr. No. Name of the Related Party Relationship 36 TV18 Home Shopping Network Limited (upto 14th February, 2018) 37 Colosceum Media Private Limited 38 Greycells18 Media Limited 39 Moneycontrol Dot Com India Limited 40 Eminent Cable Network Private Limited $ 41 Den Networks Limited $ 42 Hathway Digital Private Limited $$ 43 Football Sports Development Limited Joint Ventures ('JV') of Beneficiary/ Protector of Inde-pendent Media Trust 44 IMG Reliance Limited pendent Media Trust 45 Hathway CCN Entertainment (India) Private Limited $$ Joint Ventures ('JV') of Fellow Subsidiaries 46 Hathway CBN Multinet Private Limited $$ 47 Hathway CCN Multinet Private Limited $$ 48 CCN DEN Network Private Limited $ Associates of Fellow Subsidiaries 49 DEN ADN Network Private Limited $ 50 Den Satellite Network Private Limited $ 51 DL GTPL Cabnet Private Limited $$ 52 GTPL Hathway Limited $$ 53 GTPL Kolkata Cable & Broadband Pariseva Limited $$ 54 GTPL V & S Cable Private Limited $$ 55 Vaji Communication Private Limited $$ 56 Vizianagar Citi Communications Private Limited $$ 57 Rahul Joshi (w.e.f. 15th October, 2018) Key Managerial Personnel * Controlled by Independent Media Trust of which Reliance Industries Limited is the sole beneficiary. ** Merged with the Network18 Media & Investments Limited with appointed date being 1st April 2016. @ Accounted as Joint Venture till 28th February, 2018. Consolidated as subsidiary w.e.f. 1st March, 2018. $ Related Party w.e.f. 4th February 2019. $$ Related Party w.e.f. 31st January 2019.

|267| Chap. 13 – Ind AS 24 – Related Party Disclosures 36.2 Details of transactions and balances with related parties ` in lakh Nature of Transactions Beneficiary/ Protector of Independent Media Trust Enterprises exercising Control Fellow Subsidiaries Joint Ventures/ Associates and their subsidiaries Joint Ventures of Beneficiary/ Protector of Independent Media Trust Joint Venture/ Associates of Fellow Subsidiaries Key Managerial Personnel (i) Transactions during the year 1 Income from operations 450 402 4,678 472 1,380 838 - (229) (53) (156) (2,480) ( - ) ( - ) ( - ) 2 Interest income - 1,309 - - - - - ( - ) (1,357) ( - ) ( - ) ( - ) ( - ) ( - ) 3 Expenditure for 5 2,002 5,336 2,314 1,380 111 - services received ( - ) (662) (798) (2,887) ( - ) ( - ) ( - ) 4 Reimbursement of - 66 47 1,206 - - - expenses (received) (3) (292) (1,050) (6,956) ( - ) ( - ) ( - ) 5 Reimbursement of - 117 14 566 - - - expenses (paid) ( - ) ( - ) ( - ) (74,841) ( - ) ( - ) ( - ) 6 Assets purchased - - 29 - - - - ( - ) ( - ) (43) ( - ) ( - ) ( - ) ( - ) 7 Loan given (For - 38,500 - - - - - business purpose) ( - ) (4,500) ( - ) ( - ) ( - ) ( - ) ( - ) 8 Loan received back - 11,016 - - - - - ( - ) (10,042) ( - ) ( - ) ( - ) ( - ) ( - ) 9 Payment to Key - - - - - - 249 Managerial Personnel ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) (ii) Balance at the year end 1 Advances receivable - 652 - - - - - ( - ) (868) ( - ) ( - ) ( - ) ( - ) ( - ) 2 Loans receivable - 62,528 - - - - - (including interest accrued) ( - ) (33,735) ( - ) ( - ) ( - ) ( - ) ( - ) 3 Advance from - - - - - - - customers ( - ) (10) ( - ) ( - ) ( - ) ( - ) ( - ) 4 Trade receivables - 102 7,277 2,999 1,115 1,601 - (534) (28) (794) (382) ( - ) ( - ) ( - ) 5 Other receivables - - 1,130 41 - 137 - ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) 6 Security deposit given - - - 158 - - - ( - ) ( - ) ( - ) (158) ( - ) ( - ) ( - )

|268| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Nature of Transactions Beneficiary/ Protector of Independent Media Trust Enterprises exercising Control Fellow Subsidiaries Joint Ventures/ Associates and their subsidiaries Joint Ventures of Beneficiary/ Protector of Independent Media Trust Joint Venture/ Associates of Fellow Subsidiaries Key Managerial Personnel 7 Trade payables - 326 3,914 961 1,088 169 - ( - ) (550) (352) (301) ( - ) ( - ) ( - ) 8 Provision for Non - - - - - - - recoverable advances ( - ) (868) ( - ) ( - ) ( - ) ( - ) ( - ) 9 Collection on behalf of Principals - - - 454 - - - ( - ) ( - ) ( - ) (807) ( - ) ( - ) ( - ) 10 Short term receivables - 21,726 - - - - - ( - ) (21,726) ( - ) ( - ) ( - ) ( - ) ( - ) Figures in the bracket represents previous year’s amounts 36.3 Details of transactions and balances with Related Parties (i) Transactions during the year Particulars Relationship 2018-19 2017-18 1 Income from operations and other income Reliance Industries Limited Beneficiary/ Protector of 450 229 Independent Media Trust Network18 Media & Investments Limited Enterprise Exercising Control 402 53 Den Networks Limited Fellow Subsidiary 1,140 — Hathway Digital Private Limited Fellow Subsidiary 1,132 — e-Eighteen.com Limited Fellow Subsidiary 67 2 Greycells18 Media Limited Fellow Subsidiary 84 84 TV18 Home Shopping Network Limited Fellow Subsidiary — 70 Reliance Brands Limited Fellow Subsidiary 5 — Reliance Corporate IT Park Limited Fellow Subsidiary 2,250 — Football Sports Development Limited JV of Beneficiary/ Protector of Independent Media Trust 480 — IMG Reliance Limited JV of Beneficiary/ Protector of Independent Media Trust 900 — Hathway CCN Entertainment (India) Private Limited JV of Fellow Subsidiary 3 — Hathway CBN Multinet Private Limited JV of Fellow Subsidiary 2 — Hathway CCN Multinet Private Limited JV of Fellow Subsidiary 5 — DEN ADN Network Private Limited Associate of Fellow Subsidiary 21 —

|269| Chap. 13 – Ind AS 24 – Related Party Disclosures Particulars Relationship 2018-19 2017-18 CCN DEN Network Private Limited Associate of Fellow Subsidiary 43 — GTPL Hathway Limited Associate of Fellow Subsidiary 339 — GTPL Kolkata Cable & Broadband Pariseva Limited Associate of Fellow Subsidiary 169 — DL GTPL Cabnet Private Limited Associate of Fellow Subsidiary 24 — Vaji Communication Private Limited Associate of Fellow Subsidiary 13 — Vizianagar Citi Communications Private Limited Associate of Fellow Subsidiary 10 — Den Satellite Network Private Limited Associate of Fellow Subsidiary 209 — Viacom 18 Media Private Limited Joint Venture — 1,181 IBN Lokmat News Private Limited Joint Venture 89 97 IndiaCast US Limited Joint Venture — 23 IndiaCast UK Limited Joint Venture — 566 IndiaCast Media Distribution Private Limited Joint Venture — 532 Eenadu Television Private Limited Associate 224 67 TV18 Home Shopping Network Limited Associate of Holding Company 145 14 Shop CJ Network Private Limited Subsidiary of Associate of Holding Company 14 — 2 Interest income Network18 Media & Investments Limited Enterprise Exercising Control 1,309 1,357 3 Expenditure for services received Reliance Industries Limited Beneficiary/ Protector of 5 — Independent Media Trust Network18 Media & Investments Limited Enterprises Exercising Control 2,002 662 Reliance Retail Limited Fellow Subsidiary 40 12 Reliance Corporate IT Park Limited Fellow Subsidiary 101 67 Reliance Jio Infocomm Limited Fellow Subsidiary 210 15 e-Eighteen.com Limited Fellow Subsidiary 748 424 Colosceum Media Private Limited Fellow Subsidiary 3,715 280 Hathway Cable and Datacom Limited (` 11,988) Fellow Subsidiary 0 — Hathway Digital Private Limited Fellow Subsidiary 500 — Saavan LLC Fellow Subsidiary 22 — Football Sports Development Limited JV of Beneficiary/ Protector of Independent Media Trust 480 —

|270| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Particulars Relationship 2018-19 2017-18 IMG Reliance Limited JV of Beneficiary/ Protector of Independent Media Trust 900 — GTPL Hathway Limited Associate of Fellow Subsidiary 64 — GTPL Kolkata Cable & Broadband Pariseva Limited Associate of Fellow Subsidiary 32 — DL GTPL Cabnet Private Limited Associate of Fellow Subsidiary 15 — Viacom 18 Media Private Limited Joint Venture — 8 IBN Lokmat News Private Limited Joint Venture 236 108 IndiaCast Media Distribution Private Limited Joint Venture - 2,537 Eenadu Television Private Limited Associate 1,421 232 Bigtree Entertainment Private Limited Associate of Holding Company 657 2 4 Reimbursement of expenses (received) Reliance Industries Limited Beneficiary/ Protector of Independent Media Trust — 3 Network18 Media & Investments Limited Enterprise Exercising Control 66 292 e-Eighteen.com Limited Fellow Subsidiary 1 801 TV18 Home Shopping Network Limited Fellow Subsidiary — 205 Greycells18 Media Limited Fellow Subsidiary 42 44 Reliance Lifestyle Holdings Limited Fellow Subsidiary 4 — Moneycontrol Dot Com India Limited (` 24,000) Fellow Subsidiary 0 — Viacom 18 Media Private Limited Joint Venture — 4,569 IndiaCast Media Distribution Private Limited Joint Venture — 1,767 IBN Lokmat News Private Limited Joint Venture 625 587 Eenadu Television Private Limited Associate — 1 TV18 Home Shopping Network Limited Associate of Holding Company 147 28 Bigtree Entertainment Private Limited Associate of Holding Company 434 4 5 Reimbursement of expenses (paid) Network18 Media & Investments Limited Enterprise Exercising Control 117 — e-Eighteen.com Limited Fellow Subsidiary 3 — Reliance Jio Infocomm Limited Fellow Subsidiary 9 — Reliance Lifestyle Holdings Limited Fellow Subsidiary 2 — Viacom 18 Media Private Limited Joint Venture — 65,271 IndiaCast Media Distribution Private Limited Joint Venture — 9,014 IBN Lokmat News Private Limited Joint Venture — 10

|271| Chap. 13 – Ind AS 24 – Related Party Disclosures Particulars Relationship 2018-19 2017-18 Eenadu Television Private Limited Associate 566 546 6 Assets purchased Reliance Retail Limited Fellow Subsidiary 29 7 TV18 Home Shopping Network Limited Fellow Subsidiary — 36 7 Loan given (For business purpose) Network18 Media & Investments Limited Enterprise Exercising Control 38,500 4,500 8 Loan received back Network18 Media & Investments Limited Enterprise Exercising Control 11,016 10,042 9 Payment to Key Managerial Personnel Rahul Joshi Managing Director 249 — (ii) Balances at the year end 1 Advance Network18 Media & Investments Limited Enterprise Exercising Control 652 868 2 Loans receivable (including interest accrued) Network18 Media & Investments Limited Enterprise Exercising Control 62,528 33,735 3 Advance from customers Network18 Media & Investments Limited Enterprise Exercising Control — 10 4 Trade receivables Reliance Industries Limited Beneficiary/ Protector of Independent Media Trust — 534 Network18 Media & Investments Limited Enterprises Exercising Control 102 28 Reliance Jio Messaging Services Limited Fellow Subsidiary 1 — Reliance Brands Limited Fellow Subsidiary 6 — Reliance Lifestyle Holdings Limited Fellow Subsidiary 5 — Reliance Corporate IT Park Limited Fellow Subsidiary 2,655 — e-Eighteen.com Limited Fellow Subsidiary 22 704 Greycells18 Media Limited Fellow Subsidiary 71 90 Den Networks Limited Fellow Subsidiary 2,776 — Hathway Digital Private Limited Fellow Subsidiary 1,728 — Eminent Cable Network Private Limited Fellow Subsidiary 13 — Football Sports Development Limited JV of Beneficiary/ Protector of Independent Media Trust 53 — IMG Reliance Limited JV of Beneficiary/ Protector of Independent Media Trust 1,062 — Hathway CCN Entertainment (India) Private Limited JV of Fellow Subsidiary 5 — Hathway CBN Multinet Private Limited JV of Fellow Subsidiary 8 — Hathway CCN Multinet Private Limited JV of Fellow Subsidiary 5 — DEN ADN Network Private Limited Associate of Fellow Subsidiary 32 —

|272| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Particulars Relationship 2018-19 2017-18 CCN DEN Network Private Limited Associate of Fellow Subsidiary 51 — GTPL Hathway Limited Associate of Fellow Subsidiary 1,119 — GTPL Kolkata Cable & Broadband Pariseva Limited Associate of Fellow Subsidiary 200 — DL GTPL Cabnet Private Limited Associate of Fellow Subsidiary 29 — Vaji Communication Private Limited Associate of Fellow Subsidiary 16 — Vizianagar Citi Communications Private Limited Associate of Fellow Subsidiary 13 — Den Satellite Network Private Limited Associate of Fellow Subsidiary 123 — GTPL V & S Cable Private Limited (` 3,169) Associate of Fellow Subsidiary 0 — IBN Lokmat News Private Limited Joint Venture 131 273 Eenadu Television Private Limited Associate 162 63 Bigtree Entertainment Private Limited Associate of Holding Company 1,198 32 TV18 Home Shopping Network Limited Associate of Holding Company 1,492 14 Shop CJ Network Private Limited Subsidiary of Associate of Holding Company 16 — 5 Other receivables Den Networks Limited Fellow Subsidiary 570 — Hathway Digital Private Limited Fellow Subsidiary 560 — DEN ADN Network Private Limited Associate of Fellow Subsidiary 11 — CCN DEN Network Private Limited Associate of Fellow Subsidiary 21 — Den Satellite Network Private Limited Associate of Fellow Subsidiary 105 — IBN Lokmat News Private Limited Joint Venture 30 — Eenadu Television Private Limited Associate 11 — 6 Security deposit given Eenadu Television Private Limited Associate 158 158 7 Trade payables Network18 Media & Investments Limited Enterprise Exercising Control 326 550 e-Eighteen.com Limited Fellow Subsidiary 166 280 Colosceum Media Private Limited Fellow Subsidiary 1,773 — Reliance Corporate IT Park Limited Fellow Subsidiary — 72 Reliance Jio Infocomm Limited Fellow Subsidiary 10 — Reliance Retail Limited (` 35,552, Previous year ` 33,969) Fellow Subsidiary 0 0

|273| Chap. 13 – Ind AS 24 – Related Party Disclosures Particulars Relationship 2018-19 2017-18 Den Networks Limited Fellow Subsidiary 991 — Hathway Digital Private Limited Fellow Subsidiary 974 — Football Sports Development Limited JV of Beneficiary/ Protector of Independent Media Trust 53 — IMG Reliance Limited JV of Beneficiary/ Protector of Independent Media Trust 1,035 — GTPL Hathway Limited Associate of Fellow Subsidiary 64 — GTPL Kolkata Cable & Broadband Pariseva Limited Associate of Fellow Subsidiary 32 — GTPL V & S Cable Private Limited Associate of Fellow Subsidiary 14 — DL GTPL Cabnet Private Limited Associate of Fellow Subsidiary 4 — CCN DEN Network Private Limited Associate of Fellow Subsidiary 35 — DEN ADN Network Private Limited Associate of Fellow Subsidiary 20 — IBN Lokmat News Private Limited Joint Venture 19 18 Eenadu Television Private Limited Associate 295 283 Bigtree Entertainment Private Limited Associate of Holding Company 647 — 8 Provision for Non recoverable advances Network18 Media & Investments Limited Enterprise Exercising Control — 868 9 Collection on behalf of Principals Eenadu Television Private Limited Associate 454 807 10 Short term receivables Network18 Media & Investments Limited Enterprise Exercising Control 21,726 21,726 36.4 Compensation of key managerial personnel The compensation of Key Managerial Personnel during the year was as follows: ` in lakh Particulars 2018-19 2017-18 Short-term benefits 239 — Post employment benefits 10 — Other long-term benefits — — Share based payments — — Termination benefits — — Total 249 — ll

|274| Mandatory Accounting Standards (Ind AS) — Extracts from Published Accounts Chapter 14 Ind AS 28 – Investments in Associates and Joint Venture 1. ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED Investment in associates and joint venture entities An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but do not control or joint control over those policies. A joint venture entity is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. The considerations made in determining whether significant influence or joint control are similar to those necessary to determine control over the subsidiaries. The Group’s investments in its associate and joint venture entities are accounted for using the equity method. Under the equity method, the investment in an associate or a joint venture entities is initially recognised at cost. The carrying amount of the investment is adjusted to recognise changes in the Group’s share of net assets of the joint venture since the acquisition date. The consolidated statement of profit and loss reflects the Group’s share of the results of operations of the joint venture entities. Any change in OCI of those investees is presented as part of the Group’s OCI. In addition, when there has been a change recognised directly in the equity of the joint venture entities, the Group recognises its share of any changes, when applicable, in the statement of changes in equity. Unrealised gains and losses resulting from transactions between the Group and the joint venture entities are eliminated to the extent of the interest in the joint venture entities. If an entity’s share of losses of a joint venture equals or exceeds its interest in the associate or joint venture (which includes any long term interest that, in substance, form part of the Group’s net investment in the associate or joint venture), the entity discontinues recognising its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the joint venture. If the joint venture subsequently reports profits, the entity resumes recognising its share of those profits only after its share of the profits equals the share of losses not recognised. The aggregate of the Group’s share of profit or loss of a joint venture entities is shown on the face of the consolidated statement of profit and loss. The financial statements of the joint venture entities are prepared for the same reporting period as the Group. When necessary, adjustments are made to bring the accounting policies in line with those of the Group. After application of the equity method, the Group determines whether it is necessary to recognise an impairment loss on its investment in its joint venture entities. At each reporting date, the Group determines whether there is objective evidence that the investment in the joint venture entities are impaired. If there is such evidence, the Group calculates the amount of impairment as the difference between the recoverable amount of the joint venture entities and its carrying value, and then recognises the loss as ‘Share of profit of a joint venture entities’ in the consolidated statement of profit and loss. Upon loss of significant influence over associate entity/ joint control over the joint venture entities, the Group measures and recognises any retained investment at its fair value. Any difference between the

|275| Chap. 14 – Ind AS 28 — Investments in Associates and Joint Venture carrying amount of the associates entity / joint venture entities upon loss of significant influence or joint control and the fair value of the retained investment and proceeds from disposal is recognised in profit or loss. Interest in Joint Venture Entities The company holds 50% interest in Adani International Container Terminal Private Limited and Adani CMA Mundra Terminal Private Limited, respectively and 51% in Adani NYK Auto Logistics Solutions Private Limited, joint venture entities incorporated in India. (A) Summarised Balance Sheet and Statement of Profit and Loss of these entities are as below: ` In Crore Particulars Adani CMA Mundra Terminal Private Limited Adani International Container Terminal Private Limited Adani NYK Auto Logistics Solutions Private Limited March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 March 31, 2019# March 31, 2018 Share Capital and Reserve & Surplus (62.98) 47.93 432.06 633.63 5.88 — Non-current Liabilities 1,612.37 1,466.69 3,494.56 2,498.96 — — Current Liabilities 546.54 984.18 322.17 1,381.71 0.02 — Non-current Assets 2,028.31 1,910.95 4,093.81 4,319.37 3.00 — Current Assets 67.63 587.85 154.98 194.93 2.89 — Revenue 369.63 228.81 920.24 647.66 0.05 — Operating Expenses (95.50) (53.66) (221.94) (154.94) — — Terminal Royalty Expenses (44.29) (24.51) (185.84) (109.93) — — Employee Benefit Expenses (6.83) (4.82) (12.83) (7.85) — — Depreciation and Amortisation Expense (115.99) (104.88) (242.70) (155.76) — — Foreign Exchange (loss)/Gain (net) (75.38) (7.38) (140.68) 11.00 - — Finance Costs (128.99) (81.98) (206.10) (102.88) — — Other Expenses (13.44) (6.89) (28.93) (30.62) (0.07) — Profit / (Loss) before tax (110.79) (55.31) (118.78) 96.68 (0.02) — Income-tax expense — — (82.59) (49.88) (0.01) — Profit / (Loss) after tax (110.79) (55.31) (201.37) 46.80 (0.03) — Other Comprehensive income (0.12) -* (0.20) 0.01 — — Total Comprehensive Income (110.91) (55.31) (201.57) 46.81 (0.03) — Capital and Other Commitments 6.69 0.85 1.34 4.83 — — Contingent liability not accounted for — — 4.68 4.68 — — -* Figures being nullified on conversion to ` in crore # Information pertaining to statement of profit and loss are for the period September 17, 2018 to March 31, 2019