Bengal & Assam Company Ltd Company Summary

Bengal & Assam Company Limited was incorporated in year 1947 at New Delhi. The Company is a Core Investment Company, and is duly registered as a NBFC with the Reserve Bank of India, New Delhi. As a Core Investment Company, the Company is holding investments in its subsidiaries, other group companies, money market mutual funds and carries out onlysuch activities as are permitted under the guidelines issued by RBI for NBFCs.The Company is engaged in the investment and finance business.

It operates in four segments: investment (shares/securities/funding), polymers, cotton yarn and dairy products. The Companys subsidiaries include J.K. Fenner (India) Ltd., Southern Spinners and Processors Ltd., Modern Cotton Yarn Spinners Ltd., Acorn Engineering Ltd., BMF Investments Ltd., Divyashree Company Pvt.

Ltd., Panchmahal Properties Ltd. and LVP Foods Pvt. Ltd.

During the year 2011-12, Dwarkesh Energy Ltd. ceased to be a subsidiary of the Company.JK Lakshmi Cement Ltd., JK Tyre & Industries Ltd., JK Paper Ltd., JK Agri Genetics Ltd., Umang Dairies Ltd., Pranav Investment (M.P.) Company Ltd., Dwarkesh Energy Ltd., Global Strategic Technologies Ltd., Deepti Electronics & Electro-Optics Pvt. Ltd.

and PSV Energy Pvt. Ltd. became associates of the Company during the year 2015.In 2019-20, the Scheme of Arrangement between Florence Investech Limited, BMF Investments Limited (BMF), J.K.

Fenner (India) Limited (FIL) and the Company their respective Shareholders for (a) Amalgamation of Florence and BMF with the Company and (b) Exchange of shares of FIL for shares of the Company at the option of shareholders of FIL, became effective on 24th May, 2019. Pursuant to the aforesaid Scheme, 32,59,586 equity shares of Rs 10/- each, issued and allotted to the Members of erstwhile Florence Investech Limited and J.K. Fenner (India) Limited, were listed on BSE Ltd.

w.e.f. 6th September, 2019. Further, pursuant to the Scheme of Arrangement, JK Tyre & Industries Ltd., JK Agri Genetics Ltd., Umang Dairies Ltd., Global Strategic Technologies Ltd., J.K.

Risk Managers & Insurance Brokers Ltd., CliniRx Research Private Ltd. and Deepti Electronics & Electro-Optics Pvt. Ltd.

also became subsidiaries of the Company. BMF Investments Ltd., since amalgamated with the Company, has ceased to be subsidiary of the Company in 2019-20.The Scheme of Arrangement amongst Umang Dairies Limited (UDL), a Subsidiary Company, Panchmahal Properties Limited (PPL), a Wholly-owned Subsidiary Company and the Company was implemented in FY 2024-25. In terms of the Scheme, the Dairy business of UDL has been demerged into PPL and the residual business of UDL is merged into the Company and the said Scheme is made effective from 17th June, 2025.

In consideration of De-merger of Dairy Business and amalgamation of Residual Business of UDL, the Company has allotted 1,07,571 Equity Shares to the Shareholders of UDL on June 27, 2025, as per the share exchange ratio. 1 equity share of the Company having face value of Rs 10 each fully paid up for every 92 equity shares held in UDL having face value of Rs. 5 each fully paid up.

1 equity share of Company having face value of Rs 10 each fully paid up for every 14,652 equity shares held in UDL having face value of Rs. 5 each fully paid up.