Summary of proceedings of the Meetings of the meeting Trade Creditors of Bhagyanagar Copper Private Limited (a wholly owned subsidiary Company) convened as per the directions of the Hon ble National Company Law Tribunal, Hyderabad Bench, vide its order dated January 29, 2026.
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Bhagyanagar India Limited held two NCLT-directed meetings on March 14, 2026, as ordered by the Hyderabad bench of the National Company Law Tribunal on January 29, 2026. The first meeting was of trade creditors of its wholly owned subsidiary Bhagyanagar Copper Private Limited, where 28 creditors were present and the resolution approving the Composite Scheme of Arrangement was declared passed with the requisite majority. The second meeting was of equity shareholders of Bhagyanagar India Limited, attended by 46 members via video conferencing, where the same scheme was put to e-voting. The scheme involves a three-way arrangement between Bhagyanyan Copper (Transferor Company), Bhagyanagar India (Transferee/Demerged Company), and Tieramet Limited (Resulting Company). Shareholders expressed confidence in management; voting results for the shareholder meeting are to be published within 48 hours.
This is a group-level corporate restructuring exercise (merger/demerger), not an insolvency proceeding. The trade creditors have approved the scheme, and the shareholder vote outcome is awaited. The scheme still requires final NCLT sanction before it can take effect, so there is no immediate change for shareholders other than monitoring the voting result and the NCLT's final order.