StockWatch
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Copper
Corporate Action25 Sept 2026, 03:49 pm

Bhagyanagar India Ltd Fixes Oct 8, 2026 as Record Date for Share Swap

AI Summary

Bhagyanagar India Ltd has announced October 8, 2026, as the record date for determining shareholders eligible to receive new equity shares as part of a demerger scheme. Under the sanctioned scheme, one equity share of the resulting company, Tieramet Limited, will be issued for every one equity share held in Bhagyanagar India Ltd (the demerged company). Shareholders holding physical shares are urged to provide their demat account details to the registrar and transfer agent before the record date to facilitate the issuance of new shares in dematerialized form. Failure to do so may result in shares being held in trust by a nominated trustee.

Key Highlights

  • Record date set for October 8, 2026, for share entitlement.
  • One new equity share of Tieramet Limited for every one held in Bhagyanagar India Ltd.
  • Shareholders with physical shares must provide demat details.
  • New shares will be issued in dematerialized form.
  • A demerger scheme sanctioned by the National Company Law Tribunal is being implemented.