Bhagyanagar India: Director Appointment & Resignation Approved

Bhagyanagar India Ltd announced key management changes following a board meeting on October 8, 2026. Shri Mangilal Narender Surana was appointed as an Additional Director (Non-Executive Non-Independent Promoter), subject to member approval. The board also accepted the resignation of Mr. Venkateswara Rao Nukala as Executive Director. Additionally, the board noted the apportionment of cost of acquisition under a composite scheme of arrangement, with 89.36% allocated to Tieramet Limited equity shares and 10.64% to Bhagyanagar India Limited equity shares, as sanctioned by the NCLT.