Bhagyanagar India Limited has informed the Exchange about Copy of Newspaper Publication of the Meeting of the Equity Shareholders of Bhagyanagar India Limited and Meeting of Trade Creditors of Bhagyanagar Copper Private Limited (wholly owned subsidiary company) to be convened as per the directions of Hon ble National Company Law Tribunal, Hyderabad Bench ( NCLT ).
BHAGYANGR · price
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Bhagyanagar India Limited (BIL) has published newspaper advertisements for an NCLT-ordered meeting of its equity shareholders to be held on Saturday, March 14, 2026, at 1:00 PM via video conferencing, to consider and approve a Composite Scheme of Arrangement. The scheme involves Bhagyanagar Copper Private Limited (BCPL, its wholly owned subsidiary, as transferor) merging into BIL, and a portion of BIL being demerged into Tieramet Limited (as resulting company). A separate meeting of trade creditors of BCPL is scheduled on the same day at 12:00 PM in physical mode at Surya Towers, Secunderabad. E-voting for the shareholders' meeting will run from March 11 (9 AM) to March 13 (5 PM), with a cut-off date of March 7, 2026, facilitated by KFin Technologies. The NCLT order was dated January 29, 2026, and notices were advertised in Financial Express (English) and Nava Telangana (Telugu) on February 12, 2026.
Equity shareholders of BIL should review the scheme document carefully and exercise their vote by March 13, 2026, as approval will trigger a major corporate restructuring involving a merger and a demerger, which could affect shareholding patterns and the company's future business structure. The final outcome still requires subsequent NCLT approval.