Bhagyanagar India: Equity Shares Allotted by Tieramet Post Scheme of Arrangement
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 09 Oct 2026, 06:34 PM IST · BSE ID: 6c558894-aeca-4831-9bd3-97d5c045b8b4
View Original BSE Filing (PDF)
💡
In Simple Terms
Bhagyanagar India shareholders received new shares in Tieramet Limited following a company restructuring that split off its copper business.
🤖 AI Summary
- Tieramet Limited allotted 3,34,96,434 fully paid-up equity shares of Rs. 2/- each.
- Shares were allotted to Bhagyanagar India Limited shareholders as per a Composite Scheme of Arrangement.
- The scheme included demerger of Bhagyanagar India's Copper Business Undertaking into Tieramet Limited.
- NCLT approved the scheme via an order dated September 07, 2026.
- Shareholders received one Rs. 2/- Tieramet share for every one Rs. 2/- Bhagyanagar India share held.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity shares allotted by Tieramet Limited
3,34,96,434
Face value per equity share of Tieramet Limited
Rs. 2/-
Record Date for allotment
October 08, 2026
🏢 How This Affects the Company
Bhagyanagar India Limited has demerged its Copper Business Undertaking into Tieramet Limited as part of the Composite Scheme of Arrangement, altering its operational focus.
The demerger and subsequent share allotment by Tieramet Limited reconfigures the asset and equity structure for both companies involved in the scheme.
The Copper Business Undertaking now operates under Tieramet Limited, indicating a change in the operational scope and management for Bhagyanagar India Limited.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders for the allotment, as shares have been issued to them.
👤
Who Is Affected
Shareholders of Bhagyanagar India Limited holding shares on the Record Date (October 08, 2026) are affected, receiving one fully paid equity share of Rs. 2/- of Tieramet Limited for every one fully paid equity share of Rs. 2/- held in Bhagyanagar India Limited.
🔍
Management Signal
Management completed the approved Composite Scheme of Arrangement, indicating execution of the corporate restructuring strategy.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Listing of Tieramet Limited equity shares on BSE and NSE.
Future financial results of Bhagyanagar India Limited post-demerger.
Future financial results of Tieramet Limited as a separate entity.
LOW RISK
This filing confirms the completion of a regulated event, reducing prior uncertainty.
💡 Investor Takeaway
Tieramet Limited has allotted 3,34,96,434 fully paid-up equity shares of Rs. 2/- each to shareholders of Bhagyanagar India Limited. This action completes the share allocation pursuant to the Composite Scheme of Arrangement, approved by NCLT on September 07, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Completion of the Composite Scheme of Arrangement provides clarity on the demerger of the Copper Business Undertaking.
❓ Frequently Asked Questions
What is the key update from Bhagyanagar India Limited regarding the Composite Scheme of Arrangement?
Tieramet Limited, the Resulting Company, has allotted 3,34,96,434 fully paid-up equity shares to the shareholders of Bhagyanagar India Limited pursuant to the Composite Scheme of Arrangement.
When was the Composite Scheme of Arrangement approved?
The Composite Scheme of Arrangement, including the demerger, was approved by the Hon'ble National Company Law Tribunal (NCLT) vide its order dated September 07, 2026.
What was the share exchange ratio for the allotment by Tieramet Limited?
Shareholders of Bhagyanagar India Limited received one fully paid equity share of Rs. 2/- each of Tieramet Limited for every one fully paid equity share of Rs. 2/- each held in Bhagyanagar India Limited.
What was the Record Date for shareholders to be eligible for Tieramet Limited shares?
The Record Date for determining the eligible shareholders to receive shares in Tieramet Limited was October 08, 2026.
Questions based on this BSE filing only. For information purposes.