NCLT allows Bhagyanagar India scheme of arrangement, sets meetings for March 2026
BHAGYANGR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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NCLT Hyderabad allowed the first-stage application for the composite scheme of arrangement of Bhagyanagar India Limited on 29 January 2026. Under the scheme, wholly owned subsidiary Bhagyanagar Copper Pvt Ltd merges into BIL, which then demerges an identified undertaking into newly incorporated Tieramet Limited. Tieramet will issue 3.19 crore equity shares of Rs 2 each to BIL shareholders in 1:1 ratio and seek listing on NSE and BSE. Trade creditors and BIL shareholder meetings scheduled for 14 March 2026.
NCLT nod moves composite restructuring forward. Shareholder and trade creditor meetings set for 14 March 2026 before final scheme sanction.