Bhagyanagar India Limited submitted an investor presentation for Q1FY27 as part of its investor meeting/earnings call held on 28th July, 2026 at 04:00 PM IST, in compliance with SEBI Listing Regulations (Regulation 30).

Composite Scheme of Arrangement

The company is implementing a three-part composite scheme under Sections 230-232 read with Section 66 of the Companies Act, 2013:

  • Part 1: Amalgamation of Bhagyanagar Copper Private Limited (BCPL) into Bhagyanagar India Limited (BIL), with BCPL to be dissolved without winding up
  • Part 2: Demerger of the copper business undertaking from BIL into Tieramet Ltd on a going concern basis
  • Part 3: Independent listing of Tieramet Ltd on NSE and BSE

Key Scheme Details:

  • Appointed Date: 01 April 2025
  • Board Approval: 20 September 2025
  • NCLT order convening meeting: 29 January 2026
  • Shareholders, banks, creditors, and SEBI have approved the scheme
  • ROC, RD, and OL reports have been submitted to NCLT
  • Final NCLT approval pending

Share Entitlement:

  • No new BIL shares issued in the amalgamation - BCPL's share capital cancelled
  • Tieramet Ltd will issue one new share (₹2 face value) for every BIL share held on the Record Date
  • Exact mirror of BIL's shareholding pattern in Tieramet
  • Tieramet's existing 50,000 shares (held by BIL) will stand cancelled

Preferential Issue

  • Board Approval Date: 30 June 2026
  • Total Fund Raise: ₹52.25 crore
  • Status: In-principle approval in process from stock exchanges (NSE & BSE)
  • Issue Price: ₹348 per share (₹2 face value + ₹346 premium)
  • Total Investors: 7 (3 QIB + 4 Non-QIB)

Investor-wise Allotment:

| Investor Name | Category | Shares Allotted | % of Total Issue |

| LC Pharos Multi Strategy Fund VCC - LC Pharos Multi Strategy Fund SF | QIB | 574,712 | 38.28% |

| Niveshaay Hedgehogs Fund | QIB | 574,712 | 38.28% |

| Ashika Global Finance Private Limited | QIB | 57,471 | 3.83% |

| Mr. Ashok Atluri | Non-QIB | 114,942 | 7.65% |

| Mrs. Gulab Shrimal | Non-QIB | 50,000 | 3.33% |

| Mr. Apurva Mahesh Shah | Non-QIB | 28,735 | 1.91% |

Financial Performance (Consolidated) - Q1FY27

Profit & Loss Statement (₹ in lakhs):

| Particulars | Q1FY27 | Q4FY26 | QoQ% | Q1FY26 | YoY% | FY26 |

| Revenue from Operations | 70,507.54 | 73,453.06 | -4.01% | 48,560.29 | 45.20% | 237,782.83 |

| Other Income | 79.01 | 53.65 | 47.26% | 297.61 | -73.45% | 471.51 |

| EBITDA (Excl. Other Income) | 3,829.20 | 3,615.32 | 5.92% | 1,619.17 | 136.49% | 10,613.74 |

| Depreciation | 204.73 | 193.28 | - | 176.75 | - | 738.42 |

| Interest | 993.28 | 1,025.90 | - | 730.15 | - | 3,595.84 |

| PBT | 2,710.20 | 2,449.79 | 10.63% | 1,009.88 | 168.37% | 6,750.99 |

| Tax | 685.68 | 601.19 | - | 252.71 | - | 1,733.84 |

| PAT | 2,024.52 | 1,848.60 | 9.52% | 757.17 | 167.38% | 5,017.15 |

| EBITDA Margin | 5.43% | 4.92% | 10.38% | 3.33% | 63.09% | 4.46% |

| PAT Margin | 2.87% | 2.52% | 13.94% | 1.56% | 84.06% | 2.11% |

Operational Parameters:

  • Sales Volume: 5,278 MT (Q4FY26: 5,829 MT, -9.45%; Q1FY26: 5,646 MT, -6.52%)
  • Sale of By Products: 2,841 (Q4FY26: 2,416, +17.59%; Q1FY26: 629, +351.67%)
  • Sales Realization per kg: ₹1,279 (Q4FY26: ₹1,217, +5.09%; Q1FY26: ₹846, +51.18%)
  • Value Addition per kg: ₹116 (Q4FY26: ₹109, +6.42%; Q1FY26: ₹72, +61.11%)
  • EBITDA per kg: ₹72.55 (Q4FY26: ₹62.02, +16.97%; Q1FY26: ₹28.68, +152.98%)

Business Overview & Strategy

Business Structure Transformation:

The company is transitioning from commodity products to value-added copper solutions including:

  • Copper Bus Bars & Flats
  • Copper Tapes
  • Silver-Plated Copper Bus Bars
  • Enamelled Copper Wires/Strips
  • Auto Electrical Components
  • Paper Insulated Copper Conductors
  • Interconnect PV Ribbons
  • Copper Nuggets
  • Copper Foils & Sheets
  • Tubes
  • Tinned Copper Bus Bars
  • Continuously Transposed Conductors
  • Solar Absorber Fins & Plate Collectors

Market Position:

  • Serves 500+ customers across diverse industries including electrical, automotive, and renewable energy
  • Global sourcing platform with integrated manufacturing facilities
  • ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications
  • BIS Certification Marks Licence (No. 6300109596, per IS 1897:2008) for copper strip for electrical purposes

Growth Strategy:

  • Capacity expansion phased over 3-5 years for value-added products
  • Product mix transformation toward higher value-added offerings
  • Advanced processing technology for better quality, yield and cost control
  • R&D and innovation for new product lines and applications
  • Entry into EV infrastructure, solar PV systems, and high-efficiency motors
  • Deepening OEM partnerships with leaders in electrical, automotive and renewable energy