Date: 24th August, 2026
Transaction Clarification
Bhagyanagar India Limited provides clarification regarding a disclosure appearing on BSE/NSE portals concerning a transaction involving 12,73,335 equity shares by Mr. Devendra Surana, Managing Director. The company references its previous email dated 16.01.2026 which clarified that these shares were transferred by Mr. Devendra Surana to Bhagyanagar Copper Private Limited (a wholly owned subsidiary) through an off-market transaction. The transfer was solely to facilitate required pledge for hedging purposes and was recorded under Reason Code 90 - "Transfer between Director and Company" in the NSDL Delivery Instructions Slip. No consideration was paid or received for this transaction.
Reversal of Purported Sale
The company now informs that the purported sale of 12,73,335 equity shares by Mr. Devendra Surana, as reflected on BSE/NSE portals, stands reversed. Since no consideration was paid or received, the transaction does not constitute a sale or purchase transaction. Accordingly, these 12,73,335 equity shares continue to form part of Mr. Devendra Surana's shareholding under the category "Promoters' Holding" and shall be disclosed accordingly.
Other Sections
Not Specified: Financial Results, Dividend Declaration, Board Meeting Outcomes, KMP Changes, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication