Page 203 - Hitachi IR 2025

Annexure - E to Board’s Report
Form AOC-2
[Pursuant to clause (h) of sub-section (3) of Section 134 of the Act and Rule 8(2) of the Companies (Accounts)
Rules, 2014]
Form for disclosure of particulars of contracts/arrangements entered into by the Company with related parties
referred to in sub-section (1) of Section 188 of the Companies Act, 2013 including certain arm’s length transactions
under third proviso thereto:-
DETAILS OF THE CONTRACT ENTERED INTO WITH RELATED PARTIES DURING THE FINANCIAL YEAR 2024-
25 (APRIL 01, 2024 TO MARCH 31, 2025):
1. Details of contracts or arrangements or transactions not at arm’s length basis:
-
There were no contracts or arrangements, or transactions entered into during the financial year ended
March 31, 2025, which were not at arm’s length basis.
2. Details of material contracts or arrangements or transactions at arm’s length basis:
There were transactions entered into during the financial year ended March 31, 2025, which was material in
nature and at an arm’s length basis:
Name(s) of the
related party
and nature of the
relationship
Nature of contracts/
arrangements/
transactions
Duration of
the contracts/
arrangements/
transactions
Salient terms of the contracts
or arrangements or transactions
including the value, if any.
Date(s) of
approval
by the
Board, if
any
Amount
(in `
Crores)
(a) (b) (c) (d) (e) (f)
Hitachi Energy
Sweden AB (“HE
Sweden”)
Sale or purchase
of product(s),
component(s), system(s)
and / or rendering or
receipt of services under
multiple orders, for an
aggregate value of up to
`1,000 Crores entered
into/ to be entered
during the financial
year 2024-25 (i.e.,
April 01, 2024 to March
31, 2025).
Financial Year
2024-25 (i.e.,
April 01, 2024
to March 31,
2025)
Terms and conditions vary based
on various order(s)/ contract(s)/
agreement(s)
• Delivery of Materials –
generally FCA/ FOB/ DAP/
CPT
• Payment terms – generally
30-120 days
• Indirect Taxes as applicable
• Currency – primarily Swedish
Krona (SEK)/ United States
Dollar (USD)
• Such other conditions
customary to the context of
the contract(s) / agreement(s)
May 21,
2024
Up to
`1,000
Crores
Hitachi Energy
Australia Pty Ltd
(“HE Australia”)
Sale or purchase
of product(s),
component(s), system(s)
and / or rendering
or receipt of services
under multiple orders,
for an aggregate value
of up to `1,000 Crores
entered into/ to be
entered during the
financial year 2024-25
(i.e., April 01, 2024 to
March 31, 2025).
Financial Year
2024-25 (i.e.,
April 01, 2024
to March 31,
2025)
Terms and conditions vary based
on various order(s)/ contract(s)/
agreement(s)
• Delivery of Materials –
generally FCA/ FOB/ DAP/
CPT
• Payment terms – generally
30-120 days
•
Indirect Taxes as applicable
• Currency – primarily Australian
Dollar (AUD)/ United States
Dollar (USD)
• Such other conditions
customary to the context of
the contract(s) / agreement(s)
May 21,
2024
Up to
`1,000
Crores
Integrated Annual Report 2024-25
201