29-Sept-2026 12:21:57

BHAGYANAGAR INDIA LIMITED : INTIMATES CREDIT RATING ASSIGNED TO WHOLLY OWNED SUBSIDIARY

• Bhagyanagar Copper Private Limited (BCPL), a wholly owned subsidiary, assigned credit ratings by ICRA Limited. • Facilities rated are Long-term Fund-based - Bank facilities worth ₹654 Crore. • Rating assigned is [ICRA]A-; Rating Watch with Developing Implications. • The rating is on watch owing to the ongoing demerger process of BCPL's copper business into Tieramet Limited. • The rating letter from ICRA is attached as an Annexure. Impact: Neutral (Routine disclosure of credit rating update for subsidiary)

Bhagyanagar India Limited

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