Bhagyanagar India Q2 Net Profit ₹19.23 Lakh

The Board Meeting commenced at 04:30 PM and concluded at 05:30 PM on November 13, 2026.

1. Un-audited Financial Results

Approved and taken on record the un-audited Standalone financial results for the quarter and half year ended September 30, 2026
Financial results reviewed by Statutory Auditors Luharuka & Associates who issued a Limited Review Report
The financial results have been prepared in accordance with Indian Accounting Standards (IND AS)

2. Postal Ballot Initiation

Approved Postal Ballot Notice to be sent to members for e-voting approval for:
Regularization of Shri Mangilal Narender Surana (DIN: 00075086) as Non-Executive, Non-Independent Director
Sale/Joint development of company's land at Survey No. 1, Block No. III, Plot Nos. A3/P and A2/P, Industrial Development Area (IDA), Uppal, Uppal Khalsa Village, Uppal Mandal, Medchal-Malkajgiri District, Telangana with M/s. Om Sree Builders and Developers LLP under Section 180(1)(a) of Companies Act, 2013
Appointed Mrs. Sravanthi Gadiyaram, Practising Company Secretary (Membership No. A25754, CP No. 25597) as Scrutinizer
Postal Ballot process timeline: Initiation on November 17, 2026 at 9:00 AM, conclusion on December 16, 2026 at 5:00 PM

3. Chief Financial Officer Appointment

Appointed Mr. Rahul Surana as Chief Financial Officer (Key Managerial Personnel) effective November 13, 2026
Appointment made under Section 203 of Companies Act, 2013 and Regulation 30 of SEBI (LODR) Regulations, 2015
Appointment recommended by Nomination and Remuneration Committee and Audit Committee

Quarter Ended September 30, 2026 (Unaudited)

Comparative Quarterly Performance

Half Year Ended September 30, 2026 (Unaudited)

Comparative Half Year Performance

Balance Sheet Position (Standalone as at September 30, 2026)

Total Assets: ₹2,728.49 lakh
Non-current assets: ₹2,140.35 lakh (Property, plant and equipment: ₹2,086.89 lakh)
Current assets: ₹588.14 lakh (Trade receivables: ₹353.31 lakh, Cash and cash equivalents: ₹2.03 lakh)
Total Equity: ₹1,797.75 lakh (Equity share capital: ₹669.93 lakh, Other Equity: ₹1,127.82 lakh)
Current liabilities: ₹930.75 lakh (Borrowings: ₹21.24 lakh, Trade payables: ₹99.08 lakh)

Composite Scheme of Arrangement

NCLT, Hyderabad Bench sanctioned Composite Scheme of Arrangement among Bhagyanagar Copper Private Limited, Bhagyanagar India Limited and Tieramet Limited on September 7, 2026
Scheme effective from October 1, 2026 with appointed date of April 1, 2025
Bhagyanagar Copper Private Limited merged with Bhagyanagar India Limited
Copper undertaking demerged from Bhagyanagar India Limited to Tieramet Limited
Financial results drawn up after giving effect to the Scheme with restatement of previous periods
Bhagyanagar Copper Private Limited and Tieramet Limited have ceased to be subsidiaries

Land Transaction with Om Sree Builders and Developers LLP

MOU executed on October 12, 2026 for company's land at Uppal, Telangana measuring approximately 20,080.52 sq. yds.
7,260 sq. yds. (1.50 acres) to be sold outright for ₹60.00 Crores
Balance 12,820.52 sq. yds. (approx. 2.6489 acres) for joint development
Company to receive 30% of saleable area (about 3,00,000 sq. ft. of developed area)
Received ₹24.23 Crores advance payment till date
Transaction subject to government/statutory approvals and member approval via Postal Ballot

Net cash from operating activities: ₹3,40,75,114
Net cash from investing activities: ₹5,41,38,915
Net cash used in financing activities: ₹(8,80,90,152)
Net increase in cash & cash equivalents: ₹1,23,877
Closing cash and cash equivalents: ₹2,02,787 (Cash in hand: ₹82,341, Balances with banks: ₹1,20,445)