NSEGeneral Updates1d ago · 17 Sept 2026, 05:51 pm

General Updates

BSL Limited · BSL

✦ AI Summaryacquisition

BSL Limited has informed the Exchange about Acquisition in Bhadla Minigrid Solar 5 Private Limited, a special purpose vehicle established for owning and operating a captive power plant.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

BSL Limited has informed the Exchange about Acquisition in Bhadla Minigrid Solar 5 Private Limited, a special purpose vehicle established for owning and operating a captive power plant

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BSL Ltd. REGO. OFFICE: Post Box No. 16-17 Mandpam, Bhilwara - 311001 (Rajasthan) INDIA Tel.: (91-1482) 245000 PROUD TO BE INDIAN E-mail: accounts@bslsuitings.com, Website: www.bslltd.com PRIVILEGED TO BE GLOBAL CIN: L24302RJ1970PLC002266 www.bslltd.com Ref: BSL/CS/2026-27 Dated: 17/09/2026 The Manager- Listing Department, The General Manager- Listing Department The National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, NSE Building Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai- 400 00 I Mumbai- 400 051 Fax: 022-22723121 Fax: 022-26598237,022-26598238 NSE Symbol: BSL BSE Scrip Code: 514045 Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has entered into agreements for acquisition of 23,50,000 equity shares, constituting 26% of the equity share capital of Bhadla Minigrid Solar 5 Private Limited, a special purpose vehicle established for owning and operating ·a captive power plant, in compliance with the requirements stipulated under the applicable electricity laws for captive power consumption. The details required to be disclosed pursuant to Regulation 30 of the SEBI Listing Regulations read with applicable SEBI Circular(s), as amended from time to time, are enclosed as Annexure. This is for your information and record. Thanking You, Yours Faithfully, For BSL Limited Shubham Jain Company Secretary M. No.: ACS-49973 Tested for harmful substances according to Oeko•Tex Standard 100 No. 09.HIN.68375 Hohenstein Annexure-A DETAILS OF ACQUISITION S. No. Particulars Details I Name of the target entity, details in brief such Bhadla Minigrid Solar 5 Private Limited (Bhadla as size, turnover etc. Minigrid) is a company incorporated in India on 31.01.2025. Bhadla Minigrid was incorporated to carry on, inter-alia, the business of renewable energy and generation of electrical power by conventional and non- conventional methods, in the field of Renewable Energy. Brief details such as size and turnover of Bhadla Minigrid are not relevant as it is a newly incorporated company and yet to start its operations. 2 Whether the acquisition would fall within The proposed acquisition does not fall under related related party transaction (s) and whether the party transactions. The promoter/promoter group/group promoter/promoter group/group companies companies have no interest in the target entity. have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length" 3 Jndustry to which the entity being acquired Power Generation belongs 4 Objects and effects of acquisition (including but To augment captive renewable energy capacity of up not limited to, disclosure of reasons for to 4.4 MW AC/ 6.5 MW DC+ 4.92 MWH BESS for its acquisition of target entity, if its business is plants located at Mandpam, Bhilwara through a outside the main line of business of the listed qualifying Solar captive project, ensuring long-term entity). cost efficiency and sustainability. 5 Brief details of any government or Not applicable regulatory approvals required for the acquisitions. 6 Indicative time period for completion of the 4 Months acquisition. 7 Consideration - whether cash consideration or Cash consideration share swap or any other form and details of the same. 8 Cost of acquisition and/or the price at which Acquisition of 23,50,000 Equity Shares of Rs. I 0/- the shares are required each. Total Equity investment of Rs. 2.35 Crore. 9 Percentage of shareholding/control acquired 26% Equity Shares and/or number of shares acquired. 10 Brief background about the entity acquired in Bhadla Minigrid Solar 5 Private Limited is a special terms of products/line of business acquired, purpose vehicle ("SPY") for setting up 4.4 MW AC/ 6.5 date of incorporation, history of last 3 years MW DC + 4.92 MWH BESS solar power project, on a turnover, country in which the acquired entity captive basis, at Setrawa, Phalodi District Jodhpur, has presence and any other significant Rajasthan. information (in brief). Date of incorporation: 31st January, 2025 Turnover (last three years): NIL Country: India