BPL Limited , a prominent electronics company, has announced an Extra-Ordinary General Meeting (EGM) scheduled for November 11, 2025, to seek post-facto approval from shareholders for two significant related party transactions totaling Rs 116 crore.

Key Transaction Details

Rs 100 Crore Borrowing

• Borrowed from: E R Computers Private Limited
• Interest Rate: 18% per annum
• Purpose: To deposit funds with the Supreme Court in compliance with lower court orders regarding alleged dues to an unsecured creditor
• Transaction Date: September 12, 2025

Rs 16 Crore Advance

• Advanced to: Electronic Research Private Limited
• Purpose: For purchasing premium flats in Bengaluru
• Outcome: Fully refunded due to unfavorable revised terms and anticipated delays

Significance of Transactions

Both transactions are considered material under SEBI regulations, representing 73.01% and 22.24% of the company's annual consolidated turnover, respectively.

Common Directors

Mr. Ajit G Nambiar and Mrs. Anju Chandrasekhar serve as common directors for BPL Limited and both related parties involved in these transactions.

EGM Details

Shareholder Participation

Shareholders can join the EGM through VC/OAVM and cast their votes electronically. The company has set November 5, 2025, as the cut-off date for determining voting eligibility.

BPL Limited emphasizes that these transactions were conducted in the ordinary course of business and on an arm's length basis. The company's Audit Committee has reviewed and approved the transactions, subject to shareholder approval.

As the company navigates these significant financial decisions, shareholder participation in the upcoming EGM will be crucial in determining the path forward for BPL Limited.

BPL Limited , a prominent Indian electronics company, has announced a significant development involving its promoter group entities. The company recently informed the stock exchanges about changes in shareholding patterns due to a share pledge agreement.

Share Pledge Agreement Details

ER Computers Private Limited and Electro Investment Private Limited, both promoter group entities of BPL Limited, have entered into a share pledge agreement with Claypond Capital Partners Private Limited. The agreement involves pledging shares of BPL Limited to secure a loan of INR 96.00 crore.

Key Points of the Agreement

• Loan Amount: INR 96.00 crore
• Lender: Claypond Capital Partners Private Limited
• Borrower: ER Computers Private Limited
• Pledgors: ER Computers Private Limited and Electro Investment Private Limited
• Purpose: To secure the loan obligations of ER Computers Private Limited

Impact on BPL Limited

According to the company's disclosure, the share pledge agreement does not have any direct impact on BPL Limited's management or control. The company emphasized that:

1. BPL Limited is not a party to the share pledge agreement.
2. No liabilities have been imposed on BPL Limited as a result of this agreement.
3. The agreement only creates an encumbrance over the shares held by the promoter group entities in BPL Limited.

Regulatory Compliance

BPL Limited has made the necessary disclosures to the stock exchanges in compliance with Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Company Update

In a separate development, BPL Limited informed the stock exchanges that it has deposited a sum of INR 96.00 crore with the Registrar of the Supreme Court of India. This deposit was made pursuant to a Supreme Court order. The company stated that this payment was made under protest against an order obtained by an unsecured creditor from the Division Bench of the High Court of Delhi.

The management of BPL Limited has assured stakeholders that they are taking all efforts to ensure that this payment does not affect the immediate operations of the company. However, they noted that while the outflow is not expected to materially impact the company's operations, they are closely monitoring the situation.

Investors and stakeholders of BPL Limited will likely be watching closely to see how these developments unfold and their potential long-term implications for the company's financial position and operations.