NCLT meeting on March 14, 2026 for composite scheme of arrangement

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

BHAGYANGR · price

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Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹164.99

prior close

₹164.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-1.7% vs market

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

-0.9

15m

+0.8

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.1-0.5-1.7

Next day

-2.2-2.0-0.2

-3.2-2.7-0.5

-8.0-1.7-6.2

-6.1-1.4-4.7

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15d

-3.0-8.4+5.4

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+12.7-4.0+16.8

+94.3+2.6+91.7

UpDownMarket · Nifty Microcap 250Pending

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AI summary

NCLT Hyderabad has directed Bhagyanagar India Limited to hold an equity shareholders meeting on March 14, 2026 via video conferencing to consider a composite scheme of arrangement. The scheme involves amalgamation of Bhagyanagar Copper Private Limited into BIL, plus demerger of an identified business undertaking from BIL into Tieramet Limited, BIL's wholly owned subsidiary. Appointed date is April 1, 2025. Board approved on Sept 20, 2025; NCLT order dated Jan 29, 2026. Remote e-voting runs March 11 to 13, 2026; cut-off date March 7, 2026.

Likely market impact

Shareholders must vote on the composite scheme. If approved, BIL will absorb BCPL and spin off a business unit into its subsidiary Tieramet, reshaping the group structure.