Record Date Fixed for 1:1 Share Allotment in Resulting Company Under Demerger Scheme

Board has fixed October 8, 2026 as the record date for the share allotment under the Composite Scheme of Arrangement.

Fri 25 Sep 2026

Record Date

October 8, 2026

Share Allotment Ratio

1 equity share of Rs.2/- each of Tieramet Limited for every 1 equity share of Rs.2/- each held in the Demerged Company

Resulting Company

Tieramet Limited

Demerged Company

Bhagyanagar India Limited

Board Meeting Date

September 25, 2026

What was announced

The Board of Directors, in its meeting held on September 25, 2026, fixed October 8, 2026 as the record date under Regulation 42 of SEBI (LODR) Regulations, 2015.

The record date relates to the proposed issue and allotment of equity shares by the Resulting Company under the Composite Scheme of Arrangement.

Parties to the Scheme

• Bhagyanagar Copper Private Limited (BCPL) - Transferor Company
• Bhagyanagar India Limited (BIL) - Transferee Company
• Tieramet Limited - Resulting Company
• Along with their respective shareholders and creditors

Entitlement ratio

Shareholders will receive 1 (one) fully paid-up equity share of face value Rs.2/- each of the Resulting Company for every 1 (one) fully paid-up equity share of face value Rs.2/- each held in the Demerged Company.

What a record date means

A record date is the cut-off date used to identify which shareholders are eligible for a corporate action. Only those whose names appear in the records as on that date will be entitled to the shares of the Resulting Company under the Scheme.

Other details

The Board meeting concluded at 03.15 PM. The intimation was submitted to both BSE (Scrip Code: 512296) and NSE (Scrip Code: BHAGYANGR), signed by Devendra Surana, Managing Director.

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