Bhagyanagar India Limited has informed the Exchange about Joint Company Petition Connected with C.A. (CAA) No. 5/230/HDB/2026 under section 230 to 232 read with section 66 of the Companies Act,2013
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Bhagyanagar India Limited has announced that a Joint Company Petition (C.A. (CAA) No. 5/230/HDB/2026) has been admitted by the NCLT Hyderabad Bench. The petition concerns a Composite Scheme of Arrangement involving three companies: (1) Bhagyanagar Copper Private Limited (BCPL - Transferor Company, wholly-owned subsidiary), (2) Bhagyanagar India Limited (BIL - Transferee/Demerged Company, listed on BSE and NSE), and (3) Tieramet Limited (Resulting Company). The scheme provides for amalgamation of BCPL into BIL, followed by demerger of the copper business into Tieramet Limited. BIL shareholders will receive 3,19,95,000 equity shares of Tieramet as consideration. Tieramet's shares will be listed on NSE and BSE. The appointed date is April 1, 2025. The matter is scheduled for hearing on June 9, 2026.
This is a corporate restructuring filing and does not indicate any regulatory penalties, fraud, or insolvency. It represents a planned corporate reorganization that may unlock value for shareholders by separating copper manufacturing from other businesses, with the new entity (Tieramet) being separately listed.