Bhagyanagar India alters EGM notice for ₹52.25 Cr preferential issue

Bhagyanagar India Ltd has issued a Corrigendum to its Extra-Ordinary General Meeting (EGM) Notice dated June 30, 2026. The corrigendum specifically alters Point No. I & II of the Explanatory Statement, clarifying the utilization of proceeds from a preferential issue. A total of ₹52,24,99,032 is earmarked for working capital requirements (₹42,24,99,032) and general corporate purposes (₹10,00,00,000) of its wholly-owned subsidiary, Bhagyanagar Copper Private Limited. These funds are intended for utilization within Financial Year 2026-27. Additionally, the company has re-opened remote e-voting for eligible members from August 1, 2026, to August 3, 2026. The original resolution passed on July 23, 2026, remains valid, with the corrigendum seeking approval only for the stated alterations.