Bhagyanagar India Limited has informed the Exchange about General Updates
BHAGYANGR · price
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Bhagyanagar India Limited is selling its unit Surana Electrix Private Limited to Baidyanath Power Private Limited for Rs. 1.33 crore. The agreement was signed on June 16, 2025, and the sale is expected to complete by June 30, 2025. Surana Electrix has not yet started any business activity and has not contributed to the company's turnover, revenue, income, or net worth. The buyer is not related to the promoter or promoter group, so this is not a related party transaction.
This is a small disposal of a non-operational subsidiary and is unlikely to have any meaningful impact on the company's financials or stock price. Shareholders should note this is housekeeping rather than a strategic move, as the sold unit had no revenue or net worth contribution.