Siemens Energy India Limited announced that 'Siemens Energy India Limited', a wholly owned subsidiary company of the Company, has been incorporated on 7th February 2024. Name of the target entity, Corporate Identity Number: U28110MH2024PLC418770, Authorized Share Capital: INR 100,000 divided in to 50,000 equity shares of INR 2 each., Size /Turnover: Not applicable (SEIL has just been incorporated and yet to commence business operations), Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arms length", SEIL, a newly incorporated company, is a wholly owned subsidiary of the Company and thus is a related party of the Company., Industry to which the entity being acquired belongs, SEIL has been incorporated to engage in the energy business., Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity), SEIL may be required, if and when the Board of Directors of the Company decides to implement a potential demerger of the Company's energy business, as mentioned in the Company's letter dated 18th December 2023, to undertake the energy business.

Brief details of any governmental or regulatory approvals required for the acquisition, Not Applicable, Indicative time period for completion of the acquisition, not Applicable, Consideration - whether cash consideration or share swap or any other form and details of the same, 100% subscription to the initial share capital of INR 100,000 will be in cash., Cost of acquisition and/or the price at which the shares are acquired, INR 100,000 comprising of 50,000 Equity Shares having face value of INR 2 each., Percentage of shareholding /control acquired and /or number of shares acquired, 100% shareholding comprising of 50,000 equity shares having face value of INR2 each., Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information.