Blue Star Ltd — Capital/Financing Update 2021

May 18, 2021

May 18, 2021

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

Dear Sir/Madam,

Sub: Incorporation of a Wholly Owned Subsidiary Company

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') we hereby inform that the Company has incorporated a Wholly Owned Subsidiary Company named "BLUE STAR CLIMATECH LIMITED" on May 17, 2021.

The details as required under Regulation 30 of the Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is attached herewith as Annexure.

The aforesaid information is being made available on the Company's website i.e. www.bluestarindia.com

Kindly take the same on record.

Thanking you, Yours faithfully, For Blue Star Limited

Vijay Devadiga Company Secretary

Encl.: a/a

Z:(01) Blue Star Limited\2020-21\Stock Exchange Compliances\Regulation 30 -Information and Updates\18.05.2021

Blue Star Limited

Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. $T : +91 22 6654 4000$ $F: +91 22 6654 4001$ www.bluestarindia.com

Annexure

Sr No	Particulars	Description
1	Name of the Target Company,detailsin brief such assize,turnover, etc.	Blue Star Climatech Limited is incorporated asa wholly owned subsidiary of the Company onMay 17, 2021.
		Authorised Capital: Rs 5,00,00,000Size/Turnover : Not applicable (yet tocommence business operations)
$\overline{2}$	Whether the acquisition would fallwithin related party transaction(s)whetherthepromoter/andpromoter group/ group companieshave any interest in the entity	Blue Star Climatech Limited is promoted byBlue Star Limited (the 'Company') and being aWholly Owned Subsidiary, is a related party ofthe Company.
	being acquired? If yes, nature ofinterest and details thereof andwhether the same is done at "arms"length"	promoter / promoter groupThe/ groupcompaniesinterestednottheareintransaction.
3	Industry to which the entity beingacquired belongs	Manufacturing and dealing in all kinds ofresidential and commercial air conditioners,refrigerators, cooling appliances and otherrelated electrical machinery.
4	Objects and effects of acquisition(includingbutlimitednotto,disclosureofforreasonsacquisition of target entity, if itsbusiness is outside the main line ofbusiness of the listed entity)	The Wholly Owned Subsidiary is incorporatedto carry on the business as manufacturers andallkindsdealersinofresidentialandairconditioners,commercialrefrigerators,cooling appliances and other related electricalmachinery.The business of Wholly owned subsidiary is inline with the main line of business of theCompany.
5	Brief details of any governmentalor regulatory approvals requiredfor the acquisition	Not applicable
6	Indicativeperiodfortimecompletion of the acquisition	Not applicable
7	Nature of consideration - whethercash consideration or share swapand details of the same	Cash
8	Cost of acquisition or the price atwhich the shares are acquired	The Company has subscribed to 30,00,000Equity Shares of Rs 10 each aggregating to Rs3,00,00,000.
9	Percentageofshareholdingcontrol acquired and/ or number ofshares acquired	100%

Blue Star Limited Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. $T : +91 22 6654 4000$ $F: +91 22 6654 4001$ www.bluestarindia.com

10	incorporation, history of last $3$ machinery.years turnover, country in which	Brief background about the entity Product / line of Business: Manufacture / Saleacquired in terms of products/line /dealer of air conditioners, refrigerators, coolingof business acquired, date of appliances and other related electrical
	other significantandany	the acquired entity has presence Date of Incorporation : May 17, 2021
information (in brief)		History / Turnover - Not applicableBlue Star Climatech is incorporated in Indiaand is yet to commence its businessoperations.

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Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road,Mumbai 400 020, India. T : +91 22 6665 4000 F : +91 22 6665 4152.CIN: L 28920MH1949PLC 006870