Bluspring Enterprises Limited — M&A Activity 2026

May 21, 2026

Bluspring

Date: May 21, 2026

To,

BSE Limited
1st Floor, New Trading Ring,
Rotunda Building, PJ Towers,
Dalal Street, Mumbai – 400 001

Scrip Code: 544414
NSE Symbol: BLUSPRING

National Stock Exchange of India Limited
Exchange Plaza,
Bandra- Kurla Complex,
Bandra (East), Mumbai – 400 051

Dear Sir/ Madam,

Sub: Intimation for completion of acquisition of STEAG Energy Services (India) Private Limited by Bluspring New Horizon One Private Limited, a wholly owned subsidiary of the Company

Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is in continuation of our intimation dated March 19, 2026 with respect to Bluspring New Horizon One Private Limited ("BNHOPL"), a wholly owned subsidiary of Bluspring Enterprises Limited ("Company") acquisition of 100% stake in STEAG Energy Services (India) Private Limited ("SESI") from STEAG Power GmbH.

We hereby inform you that pursuant to the satisfactory closure of all the condition precedents (CPs) envisaged in the Share Purchase Agreement dated March 19, 2026, BNHOPL has completed the acquisition of 100% of the paid-up share capital of SESI on a fully diluted basis from STEAG Power GmbH and consequently SESI has become a wholly-owned step-down subsidiary of the Company with effect from today, i.e. May 21, 2026.

The acquisition is not a related party transaction, and none of Company's promoter / promoter group / group companies have any interest in the entities involved in the transaction.

The details for the above acquisition as required under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026, have already been disclosed in the intimation letter dated March 19, 2026.

You are requested to kindly take the same on record.

Thanking you,

Yours sincerely,

For Bluspring Enterprises Limited

ARJUN SUNIL
MAKHECHA
Digitally signed by ARJUN
SUNIL MAKHECHA
Date: 2026.05.21 08:38:15
+05'30'

Arjun Sunil Makhecha
Company Secretary & Compliance Officer
Membership no. ACS 29253

Bluspring Enterprises Limited
Regd. Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru – 560103, Karnataka
Tel: 080-6105 6001 | E-mail: corporatesecretarial@bluspring.com | CIN: L81100KA2024PLC184648