Department of Corporate Services The Bombay Stock Exchange Ltd. PJ. Towers, Dalal Street, Fort, Bombay- 400 001 Subject: Intimation of Business Expansion and Formation of New Subsidiaries under Regulation 30 of SEBI (LODR) Regulations, 2015 Dear Sir/Madam, With reference to our intimation dated October 30, 2024 relating to incorporation of a wholly owned subsidiaries of the Company and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations”), we hereby wish to inform that, the Ministry of Corporate Affairs has approved incorporation of two wholly owned subsidiaries of the Company under name different from the proposed names due to non-availability of the intially Proposed Names.
The details of the newly incorporated subsidiaries and their respective names are as follows: 1. "Seedwave Agro Impex Private Limited" and 2.“Windiant Solar Private Ltd.”
The Ministry of Corporate Affairs, has issued a Certificate of Incorporation for the same on December 26, 2024.
The details as required under Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11,2023 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. is attached herewith as "Annexure A".
Kindly take the same on record and oblige.
For Bharat Global Developers Ltd., (Formerly Known as Kkrrafton Developers Itd) Ashok Digitally signed by Aok Kumar Sewda Kumar Date: 20241227 Sewda 18:0702+0530
MANAGING DIRECTOR ASHOK KUMAR SEWDA DIN: 06703029
(+91)79- 49229525 8 inquiry@bgdl.co.in
G block, Uniza Corporate Office, Premchand Nagar Rd, opp. Krishna Complex, Satellite, @& www.bgdl.co.in Ahmedabad, Gujarat 380015 BHARAT GLOBAL DEVELOPERS LTD. (Formerly Known as Kkrrafton Developers Itd) CIN: L70100GJ1992PLCO17815 GST: 24AAACP9354K1Z5
Seedwave Agro Impex Pvt Ltd
CIN: U46209GJ2024PTCI57413 Authorised Capital: Rs. 1,00,000 divided in Name of the target entity, details in brief such as size, turnover etc; 10,000 Equity shares of Rs. 10 each Turnover: Nil (yet to Commence business operations)
Whether the acquisition would fall within related party transaction(s) and This would be being Wholly Owned whether the promoter/promoter group/ group companies have any Subsidiary, Promoters will not have any interest in the entity being acquired? If yes, nature of interest and details interest in this. thereof and whether the same is done at "arm'’s length"
Industry to which the entity being acquired belongs Agriculture and AgriTech innovations
Focused on agriculture and AgriTech
innovations, this subsidiary aims to pioneer Objects and effects of acquisition (including but not limited to, disclosure organic and sustainable farming solutions. of reasons for acquisition of target entity, if its business is outside the main With the Indian organic food market line of business of the listed entity); projected to grow at a CAGR of 20.5% over the next five years, Company is strategically placed to lead in this evolving sector.
Brief details of any governmental or regulatory
Not Applicable approvals required for the acquisition;
Indicative time period for completion of the acquisition; Not Applicable
Nature of consideration - whether cash consideration or share swap and
100% Subscription to the share Capital. details of the same;
The contribution to initial share capital will be
Cost of acquisition or the price at which the shares are acquired; made at face value.
Percentage of shareholding/control acquired and/or number of shares
100% acquired;
Brief background about the entity acquired in terms of products/line of
business acquired, date of incorporation, history of last3 years turnover, try in which the acquired entity has presence and any other Not Applicable ignificant information (in brief);
(+91)79- 49229525 inquiry@bgdl.co.in
G block, Uniza Corporate Office, Premchand Nagar Rd, opp. Krishna Complex, Satellite, N www.bgdl.co.in Ahmedabad, Gujarat 380015 BHARAT GLOBAL DEVELOPERS LTD. (Formerly Known as Kkrrafton Developers Itd) CIN: L70100GJ1992PLCO17815 GST: 24AAACP9354K1Z5
Windiant Solar Pvt Itd.
CIN: U35105GJ2024PTC157407 Authorised Capital: Rs. 1,00,000 dividex Name of the target entity, details in brief such as size, turnover etc,; into 10,000 Equity shares of Rs. 10 each Turnover: Nil (yet to Commence business operations)
Whether the acquisition would fall within related party transaction(s)
This would be being Wholly Owned and whether the promoter/promoter group/ group companies have Subsidiary, Promoters will not have any any interest in the entity being acquired? If yes, nature of interest interest in this. and details thereof and whether the same is done at "arm's length"
Industry to which the entity being acquired belongs Renewable Energy Projects
This subsidiary will focus on renewable
energy projects, including solar, wind, and hybrid solutions, contributing to India's target of achieving 50% of its energy from Objects and effects of acquisition (including but not limited to, non-fossil fuel sources by 2030. With the disclosure of reasons for acquisition of target entity, if its business is global renewable energy market projected outside the main line of business of the listed entity); to grow at a CAGR of 10% by 2030, this subsidiary is well-positioned to capitalize on the growing demand for green energy solutions.
Brief details of any governmental or regulatory
Not Applicable approvals required for the acquisition;
Indicative time period for completion of the acquisition; Not Applicable
Nature of consideration - whether cash consideration or share swap
100% Subscription to the share Capital. and details of the same;
The contribution to initial share capital will
Cost of acquisition or the price at which the shares are acquired; be made at face value.
Percentage of shareholding/control acquired and/or number of
100 % shares acquired;
e entity acquired in terms of products/line
of incorporation, history of last 3 years gacquired entity has presence and any Not Applicable. ‘ormation (in brief);
(+91)79- 49229525 inquiry@bgdl.co.in
G block, Uniza Corporate Office, Premchand Nagar Rd, opp. Krishna Complex, Satellite, N www.bgdl.co.in Ahmedabad, Gujarat 380015
