Demerger Update: Unpledging of Bhagyanagar India Holdings

Bhagyanagar India Ltd. is undergoing a demerger under which its copper business will be transferred to Tieramet Limited. The record date for determining eligible shareholders is Thursday, 8th October 2026.

Under the scheme, eligible shareholders will receive 1 equity share of Tieramet Limited for every 1 equity share held in Bhagyanagar India Ltd.

As part of this corporate action, all pledged Bhagyanagar India shares, including shares pledged under MTF and normal pledge, will be unpledged on 7th October 2026.

For MTF Clients

• Bhagyanagar India shares pledged against MTF positions will be unpledged due to the demerger.
• Please ensure sufficient funds or collateral are available to meet any resulting margin requirement and avoid RMS action.

For Normal Pledge Clients

• Bhagyanagar India shares pledged as collateral will be unpledged.
• Once unpledged, these shares will no longer provide collateral value.

For more information, refer to the BSE circular.