Bhagyanagar India Limited (BHAGYANGR) — corporate announcements
Bhagyanagar India Limited
$BHAGYANGR
Incorporated in 1985, Bhagyanagar India Ltd. is engaged in manufacturing of copper and other copper products and alloys. The company is also in the business of wind power generation.
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Bhagyanagar India obtained listing approval for 1.5 million equity shares issued via preferential allotment. These shares, priced at Rs 348 each, infused approximately Rs 52.25 Cr into the company, boosting its capital.
Bhagyanagar India's Board approved the re-appointment of Shri Devendra Surana as Managing Director for three more years, pending shareholder nod at the 41st AGM. This move ensures leadership continuity with an experienced industry veteran.
Company Board approved Devendra Surana's re-appointment as MD for three years, starting 2027, subject to shareholder vote. Also set e-voting cut-off and book closure for the upcoming 41st Annual General Meeting.