Bhagyanagar India LimitedBHAGYANGRNSE
Bhagyanagar India sets October 8 record date for Tieramet share allotment
As filed · Bhagyanagar India Limited has informed the Exchange regarding Outcome of Board Meeting held on September 25, 2026.- Intimation of Record Date pursuant to Regulation 42 of SEBI(L0DR) Regulations, 2015
M&AMixedMinormateriality 55 out of 100
What happened
FactThe board fixed October 8, 2026 as the record date for the proposed allotment of Tieramet Limited equity shares under the composite scheme involving Bhagyanagar Copper Private Limited, Bhagyanagar India Limited and Tieramet Limited. Eligible shareholders are proposed to receive one fully paid Tieramet equity share of face value Rs. 2 for every one fully paid Bhagyanagar India equity share of face value Rs. 2 held.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- The record date determines which Bhagyanagar India shareholders will be eligible for the proposed Tieramet share allotment under the scheme.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%