Acquisition

भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 From: Dr. Yogesh R Chhabra, Company Secretary, BHEL, BHEL House, Siri Fort, New Delhi – 110049 To: 1. BSE Limited, Mumbai 2. Na(cid:415)onal Stock Exchange of India Ltd., Mumbai Sub: Outcome of Board Mee(cid:415)ng – Equity investment in Joint Venture Pursuant to Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015, it is informed that the Board of Directors in its Mee(cid:415)ng held today (i.e. 14th September, 2026) has, inter-alia, approved further investment of Rs. 65 Crore (in one or more tranches) as BHEL’s equity contribu(cid:415)on in NTPC BHEL Power Projects Private Limited (NBPPL), BHEL’s Joint Venture with NTPC Limited. Details as per SEBI (Lis(cid:415)ng Obliga(cid:415)ons & Disclosure Requirements) Regula(cid:415)ons, 2015, is enclosed herewith as Annexure-A. Time of commencement of the Mee(cid:415)ng: 4.37 PM Time of conclusion of the Mee(cid:415)ng: 6.22 PM No. AA/SCY/SEs Date: 14.09.2026 (Dr. Yogesh R Chhabra) Company Secretary shareholderquery@bhel.in पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 ANNEXURE-A Disclosure regarding BHEL Board approval for Equity Investment in NBPPL a) name of the target en(cid:415)ty, details in Name: NBPPL (NTPC BHEL Power Projects brief such as size, turnover etc. Private Limited) Turnover 2025-26 (Provisional): INR 1.04 Crore NBPPL is a Joint Venture Company of BHEL and NTPC Limited with 50:50 equity shareholding. NBPPL was incorporated in April 2008 to execute EPC contracts for Power Plants and manufacture power plant equipment. b) whether the acquisi(cid:415)on would fall Yes, NBPPL is a Joint Venture Company of within related party transac(cid:415)on(s) and BHEL and NTPC Limited with 50:50 equity whether the promoter/ promoter shareholding. group/ group companies have any interest in the en(cid:415)ty being acquired? If The equity investment will be made at face yes, nature of interest and details value by both the Promoter Companies and thereof and whether the same is done the same is done at arm’s length. at arm’s length c) industry to which the entity being NBPPL has been promoted to execute EPC acquired belongs contracts for Power Plants and manufacture power plant equipment. d) objects and impact of acquisi(cid:415)on NBPPL was incorporated in April 2008 to (including but not limited to, execute EPC contracts for Power Plants and disclosure of reasons for acquisi(cid:415)on of manufacture power plant equipment. target en(cid:415)ty, if its business is outside the main line of business of the listed It is primarily intended to enable se(cid:425)lement of en(cid:415)ty) urgent liabili(cid:415)es and to maintain NBPPL as a going concern. e) brief details of any governmental or Not Applicable regulatory approvals required for the acquisition f) indica(cid:415)ve (cid:415)me period for FY 2026-27 comple(cid:415)on of the acquisi(cid:415)on g) considera(cid:415)on - whether cash Cash considera(cid:415)on or share swap or any other form and details of the same पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 h) cost of acquisition and/ or the price Cost of acquisi(cid:415)on: Rs. 65 Crore at face value at which the shares are acquired i) percentage of shareholding/ control Percentage of shareholding maintained: 50% acquired and/ or number of shares acquired j) brief background about the en(cid:415)ty NBPPL was incorporated in April 2008 with an acquired in terms of products/ line of objec(cid:415)ve to execute EPC contracts for Power business acquired, date of Plants and manufacture power plant incorpora(cid:415)on, history of last 3 years equipment. turnover, country in which the acquired en(cid:415)ty has presence and any Last 3 years turnover: other significant informa(cid:415)on (in brief) 2025-26: INR 1.04 Crore (Provisional) 2024-25: INR 3.48 Crore 2023-24: INR 18.19 Crore Country in which the acquired en(cid:415)ty has presence and any other significant informa(cid:415)on: India पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in