NCLT Admits BIL's Composite Scheme of Arrangement Petition

Bhagyanagar India Ltd (BIL) announced that the National Company Law Tribunal (NCLT), Hyderabad Bench, has admitted a Joint Company Petition. This petition is connected with a Composite Scheme of Arrangement involving Bhagyanagar Copper Private Limited (Transferor), Bhagyanagar India Limited (Transferee/Demerged), and Tieramet Limited (Resulting Company). The scheme falls under Sections 230 to 232 read with Section 66 of the Companies Act, 2013. The admission by the NCLT signifies a progression in the proposed corporate restructuring. The next hearing for this matter is scheduled for June 9, 2026.