The Exchange had sought clarification from Bhagyanagar India Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
BHAGYANGR · price
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The NSE sought clarification from Bhagyanagar India regarding Regulation 33 compliance for the quarter ended March 31, 2026. The company clarified that it ceased copper segment operations from January 1, 2024, following a slump sale to its wholly owned subsidiary Bhagyanagar Copper Pvt Ltd. The company now operates only in the Wind Power segment. Since wind power is the sole reportable segment in standalone financials, Ind AS 108 (Operating Segments) is not applicable. In consolidated financials, the remaining segments represent less than 10% of total revenue, exempting segment reporting requirements.
This is a routine compliance clarification addressing a technical accounting query. The response indicates no regulatory penalty or adverse action. The stock remains unaffected as the clarification merely explains why certain segment disclosures do not apply to the company's current business structure.