Servotech Renewable Power System Limited — Capital/Financing Update 2021

Jul 5, 2021

5th July, 2021

To,

National Stock Exchange of India Limited Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400 051

Trading Symbol: SERVOTECH

Sub.:- Incorporation of a Subsidiary of the Company

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform the Stock Exchanges that a subsidiary named "Rebreathe Medical devices India Private Limited" vide CIN: U33119DL2021PTC383180 has been incorporated as a subsidiary of Servotech Power Systems Limited on 5th July, 2021.

Enclosed in Annexure-I to this letter are disclosures pursuant to Regulation 30 of the Listing Regulations read with the SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015.

Kindly take the above information on record and oblige.

Thanking You,

FOR SERVOTECH POWER SYSTEMS LIMITED

$\theta$ PRIYA PANDEY COMPANY SECRETARY ICSI MEM. No.: A35815 វន

Servotech Power Systems Limited

CIN: L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights Buildings, Near Hotel Crown Plaza, Sector-10, Rohini, New Delhi - 110085 PLANT AND R&D: 76A, Sector-57, Kundli Industrial Area, Sonepat, Haryana- 131028 Tel No: 011-41183117, Sales: +91 9717691800, Cmail: servotech@servotechindia.com, Website: www.servotech.in

ANNEXURE-1

SI.	Particulars	Details
No.1.	-~+-~~~~~~~~~~~~~~~~~--t~~~~~~~~~~~~~~~~~-Name of the Target Company, details inbrief such as size, turnover, etc.	Name: Rebreathe Medical devices IndiaPrivate Limited ("RMDIPL") is incorporatedas the Subsidiary on s11i July, 2021.
		CIN:U33119DL2021 PTC383180
		Authorised Shar e Capital: HS,00,000/-(Fifteen lakhs only)
	•	Paid-up Capital: :US,00,000/-(Fiftee n lakhs only)
		Size/Turnover: Not App licable(Incorporated on 5th July 2021,As the Company is yet to commence itsoperations.)
2.	Whether the acquisition would fall withinpartyandtherelatedtransaction(s)whether the promoter/promoter group/group companies have any interest in theentity being acquired?	No.Rebreathe Medical devices India PrivateLimited is promoted by Servotech PowerSystems Limited and is a newlyincorporated Company.
	If yes, nature of interest and details thereofand whether the same is done at "armslength"•	p/group companies ofThe Promoter grouServotech Power Systems Limi~ed do nothave any interest in RMDIPL.
3.	Industry to which the entity being acquiredbelongs	ofManufacturingMedicalotheEquipment's/Devicesandralliedactivities.
4 .	Objects and effects of acquisition (includingbut not limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of thelisted entity)	ofTocarryonthebusiness1.manufacturing , buying, selling, importing,exporting,andenvironmentdealinginproducts,machines,friendlymedi calequipment's,patterns,productsandservices andbusiness oftoengageinhealthcare's, r esearchand development,contract manufacturing in India or abroad.
	•	To manufacture, process, produce,2.assemble,distribute,import,buy,sell,export and deal in medical equipment's,andotherd evices,machinesrelatedequipment's,actasdistributors,to

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	••	resellers, wholesaler of the medical devicesand peripherals used in medical devices,treatmentotherandthelifesavingapparatusandequipmentsmedicinalequipments and to engage in the businessof healthcare, lifesciences, research anddevelopment, contract manufacturing etc.in India and/or abroad and to promote thedevelopment of medical devices in Indiaand to promote such manufacturing andtrading and to do all incidental acts andthingsnecessary fortheattainment ofabove objects.3.To construct, build, establish,acquire,assist, maintain, run, purchase, get, sellconvert, develop, assemble, improve, holdwith absolute or limited rights or on leaseand sublease, on franchise and to work asdistributor,resellerandmanufacturers,
		suppliers, traders, distributors of medicinesequipments,devicespharmaceuticals,chemicals,cosmeticsandgeneralmerchandiseofalltypesand . tomanufacture, buy, sell, rent, lease, import,export trade, take on hire, repair, maintain,develop and to acquire all, types of medicaland surgical appliances and equipments.
5.	orofanyBriefdetailsgovernmentalregulatoryapprovalsrequiredtheforacquisition	Not Applicable
6.	Indicative time period for completion of the.acqms1t10n	Not Applicable
7.	Nature of consideration -whether Cashconsideration or share swap and details ofthe same.	Subscription to the Paid-up Share Capital inCash.
8.	Cost of acquisition or the price at whichshares are acquired	subscriptionamountInitialof{15,00,000/-towardssubscribingto1,5 0,000 equity shares at face value ofHO/-each.
9.	shareholding/controlofPercentageand/ornumbersharesofacquiredacquired	The Company has authorized capital ofof15,00,000equitysharescomprisingO/-1,50,000 equity shares of Heach.
		Servotech Power Systems Limited holds

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		95% shareholding in RMDIPL.
10.	Brief background about the entity acquired	RMDIPL has been incorporated on 5r11 July,
	termsofproduct/lineofbusinessin	of2021fo rmanufacturingMedical
	acquired, date of incorporation, history of	otherEquipment's/Devicesandallied
	last 3 years turnover, country in which the	activities.
	acquired entity has presence and any other
	significant information (in brief)	The Registered office of the Company is
	•	situated at House No. 49, Floor 1st Block-F,
		Pkt-1, Sec.-11, Landmark Near Metro Walk,
		Rohini, New Delhi-110085 and is yet to
		commence is business operations.

Thanking You,

FOR SERVOTECH POWER SYSTEMS LIMITED

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