BHAGYANAGAR INDIA : ALLOTS 3.35 CR TIERAMET SHARES IN 1:1 DEMERGER

• Tieramet Limited (Resulting Company) allots 3,34,96,434 fully paid-up equity shares of face value ₹2 each • Shares allotted to Bhagyanagar India shareholders holding as on record date October 08, 2026, in ratio 1:1 • Follows NCLT Hyderabad approval dated September 07, 2026 of composite scheme covering demerger of the copper business (Demerged Undertaking) into Tieramet • Resulting Company to apply for listing of its equity shares on BSE and NSE in due course; shares rank pari-passu in all respects Impact: Neutral (Demerger completion creates a separate listed copper business entity; no cash consideration or earnings impact disclosed)

Bhagyanagar India Ltd

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