Corporate Action7 Sept 2026, 10:40 pm
Bhagyanagar India Ltd: NCLT Approves Composite Scheme of Arrangement
AI Summary
Bhagyanagar India Limited (BIL) announced that the National Company Law Tribunal (NCLT), Hyderabad Bench, has approved the Composite Scheme of Arrangement. This scheme involves Bhagyanagar Copper Private Limited (BCPL) as the Transferor Company, BIL as the Transferee/Demerged Company, and Tieramet Limited as the Resulting Company. The approval, granted on September 7, 2026, is effective from April 1, 2025, and will be binding on all stakeholders. The scheme aims to dissolve BCPL without winding up.
Key Highlights
- NCLT Hyderabad approves composite scheme of arrangement.
- Scheme involves BIL, BCPL, and Tieramet Limited.
- Effective date for the arrangement is April 1, 2025.
- BCPL to be dissolved without winding up.
- Order passed by NCLT on September 7, 2026.
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