Bhagyanagar India Limited submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding the outcomes of the Board Meeting of Tieramet Limited held on 13th November, 2026, pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results for Quarter and Half Year Ended 30th September 2026

Tieramet Limited reported un-audited standalone financial results reviewed by statutory auditors Luharuka & Associates:

Quarter Ended 30th September 2026 (Unaudited):

  • Revenue from operations: ₹1,034.63 crore
  • Total Income: ₹1,034.63 crore
  • Profit Before Tax: ₹408.65 crore
  • Total Tax Expense: ₹103.27 crore
  • Profit for the period: ₹305.38 crore
  • Basic EPS: ₹9.12 (not annualized)
  • Diluted EPS: ₹9.12 (not annualized)

Half Year Ended 30th September 2026 (Unaudited):

  • Revenue from operations: ₹1,738.14 crore
  • Total Income: ₹1,738.34 crore
  • Profit Before Tax: ₹677.82 crore
  • Total Tax Expense: ₹171.43 crore
  • Profit for the period: ₹506.40 crore
  • Basic EPS: ₹15.12 (not annualized)
  • Diluted EPS: ₹15.12 (not annualized)

Comparative Figures (Quarter Ended 30th September 2025):

  • Revenue from operations: ₹577.92 crore
  • Profit for the period: ₹100.04 crore
  • Basic EPS: ₹3.13

Balance Sheet Position as at 30th September 2026

  • Total Assets: ₹8,949.61 crore
  • Non-current assets: ₹930.08 crore (including Property, plant and equipment: ₹623.26 crore)
  • Current assets: ₹8,019.54 crore (including Inventories: ₹3,026.71 crore, Trade Receivables: ₹3,846.63 crore)
  • Total Equity: ₹3,412.74 crore
  • Total Liabilities: ₹5,536.88 crore
  • Current liabilities: ₹4,734.87 crore (including Borrowings: ₹4,043.45 crore)
  • Paid-up Equity Share Capital: ₹6.70 crore (Face Value ₹2 per share)

Cash Flow Statement for Half Year Ended 30th September 2026

  • Net cash used in Operating Activities: ₹(2,281.82) crore
  • Net cash used in Investing Activities: ₹(222.01) crore
  • Net cash from Financing Activities: ₹2,503.70 crore
  • Net decrease in cash and cash equivalents: ₹(1.35) lakh

Corporate Action - Employee Stock Option Scheme

Board approved Tieramet Employee Stock Option Scheme - 2026 subject to shareholder approval by special resolution:

  • Maximum options: 3,34,000 options exercisable into equity shares of ₹2 each
  • Implementation through Trust via fresh allotment (primary issue)
  • Eligible employees: Permanent employees (senior manager and above) and directors of Company, subsidiaries, holding company, and group companies, excluding promoters and independent directors
  • Exercise price and vesting period to be determined by Nomination and Remuneration Committee
  • Vesting commences after one year from grant date and continues up to 4 years
  • No options granted as of date

Scheme of Arrangement Impact

The financial results incorporate the impact of the Composite Scheme of Arrangement approved by NCLT Hyderabad Bench on 7th September 2026, with appointed date of 1st April 2025 and effective date of 1st October 2026. The scheme involved:

  • Merger of Bhagyanagar Copper Private Limited with Bhagyanagar India Limited
  • Demerger of copper undertaking from Bhagyanagar India Limited to Tieramet Limited

Share Allotment

On 9th October 2026, Tieramet Limited allotted 3,34,96,434 equity shares of ₹2 each to shareholders of Bhagyanagar India Limited in 1:1 ratio. Shares have been credited to demat accounts, and the company has applied for listing on BSE and NSE (approval awaited).