BPL Ltd. — Capital/Financing Update 2022

Mar 28, 2022

BPL Limited Dynamic House, 64 Church Street Post Box No. 5194 Bengaluru - 560 001, India. Ph: +91 80 25580490 E-mail: investor@bpl.in / Website: www.bpllimited.com CIN: L28997KL1963PLC002015

28th March 2022

The Manager - Listing,	The Manager - Listing,
Corporate Relationship Department	National Stock Exchange of India Ltd.,
Bombay Stock Exchange Ltd	Exchange Plaza, C-1, Block G,
Phiroze Jeejeebhoy Towers	Bandra Kurla Complex,
Dalal Street, Mumbai- 400001	Bandra (E), Mumbai - 400 051
Scrip code - 500074	Trading Symbol - BPL

Dear Sir,

Sub: Intimation under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"): taking back of equity shares of Bharat Energy Ventures Private Limited.. Subsidiary Company.

This is further to our intimation during outcome of Board Meeting held on 12th November 2021 informing about taking back of 11,54,13,700 equity shares of Bharat Energy Ventures Private Limited held by Electronic Research Private Limited. Consequent to this, the shareholding of BPL Limited ("the Company") in Bharat Energy Ventures Private Limited will be at 84.79% as earlier.

Disclosures with respect to the said taking back of 11,54,13,700 equity shares of Bharat Energy Ventures Private Limited as required under Regulation 30(6) read with Schedule III Part A Para A(1) of the Listing Regulations and the SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015 is attached as Annexure A to this letter.

Kindly take the above on record and acknowledge receipt of the same.

Thank you,

Very truly yours, For BPL LIMITED

Deepika Bhandiwad Company Secretary & Compliance Officer

Details with respect to the acquisition as required under Regulation 30(6) read with Schedule III Part A Para A(1) of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015

Α	Name of the target entity, details in brief suchas size, turnover etc.;	Bharat Energy VenturesPrivate Limited (BEVPL)
B	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/ promoter group/ group companieshave any interest in the entity being acquired?If yes, nature of interest and details thereof andwhether the same is done at "arm's length"	Yes and the same done atarm's lengthand in theordinary course of business.
$\mathsf{C}$	Industry to which the entity being acquiredbelongs;	NBFC
D	Objects and effects of acquisition (including butnot limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of the listedentity);	The objective is to takeback of thesharesonaccount of non payment ofwholeconsiderationby the presentamountholder.
E	Brief details of any governmental or regulatoryapprovals required for the acquisition;	None
F	Indicative time period for completion of theacquisition;	31st March 2022
G	Nature of consideration - whether cashconsideration or share swap and details of thesame;	The equity shares earliertransferredElectronictoResearch Private Limited bycompanyhasbeenthetaken back for the reasonas stated at point no "D"above.
H	Cost of acquisition or the price at which theshares are acquired;	Rs. 115,41,37,000/-
$\mathbf{I}$	Percentage of shareholding / control acquiredand / or number of shares acquired;	84.79%11,54,13,700 equity sharesof target entity, face valueof Rs.10/- each fully paid.

Details to be disclosed - Acquisition

Brief background about the entity acquired in	BEVPL is a NBFC registered
terms of products/line of business acquired,	under the Companies Act,
date of incorporation, history of last 3 years	withCIN:2013
turnover, country in which the acquired entity	U40109KA1996PTC021067,
presence and any other significanthas	29 thincorporatedon
information (in brief);	August, 1996. This company
	was formed as a special
	purpose vehicleto
	implement thePower
	Generation business.
	There is no income earned
	by the company for the last
	threeitsyearsas
	investment is inpower
	business, which is yet to
	commence the commercial
	operations.

$\label{eq:R1} \mathbf{x} = \mathbf{y} + \mathbf{y}$

$\label{eq:1} \Omega$