Bhagyanagar India Ltd has disclosed the identity of natural persons who are the ultimate beneficial owners of the securities proposed to be allotted to various investors. This information was released via a corrigendum to the Extra-Ordinary General Meeting (EGM) notice dated June 30, 2026. The EGM is scheduled to be held on July 23, 2026.

The corrigendum was issued pursuant to a query raised by the National Stock Exchange (NSE) on July 9, 2026. It specifically amends Point X of the Explanatory Statement to the EGM Notice, providing details on the individuals who ultimately control the proposed allottees.

The disclosure categorizes the investors into Qualified Institutional Buyers (QIBs) and Non-QIBs. For QIBs, the document identifies Tang Kar Wai and Audrey as the ultimate beneficial owners for LC Pharos Multi Strategy Fund VCC - LC Pharos Multi Strategy Fund SF 1. Mr. Arvind Ashokkumar Kothari is named as the key decision maker and ultimate beneficial owner for Niveshaay Hedgehogs Fund, a scheme of Niveshaay Investment Trust.

In the Non-QIB category, the document lists Mr. Pawan Jain, Mr. Shashi Jain, and Mr. Daulat Jain as the individuals controlling Ashika Global Finance Private Limited. For individual investors Mr. Ajay Pancholi, Mr. Ashok Atluri, Mrs. Gulab Shrima, and Mr. Apurva Mahesh Shah, the status of ultimate beneficial ownership is stated as Not Applicable.

The company stated that save and except the aforesaid disclosures, the EGM Notice remains unchanged. A copy of the corrigendum is available on the company's website and the websites of the stock exchanges.

Ultimate Beneficial Owners of Proposed Allottees

Bhagyanagar India Limited has scheduled an Extraordinary General Meeting (EGM) on July 23, 2026, via video conferencing to seek shareholder approval for raising ₹52.25 crore through a preferential allotment of equity shares. The company plans to issue up to 15,01,434 fully paid-up equity shares at a price of ₹348 per share, including a premium of ₹346, to Qualified Institutional Buyers (QIBs) and other investors to fund working capital requirements and general corporate purposes.

Fund Raising Details

The board approved the issuance of up to 12,06,895 equity shares to three QIBs and up to 2,94,539 shares to four Non-QIB investors. The issue price of ₹348 per share is not lower than the floor price of ₹347.67 determined as on June 23, 2026, in accordance with SEBI (ICDR) Regulations. The relevant date for price determination is June 23, 2026, being 30 days prior to the EGM.

Shareholding Pattern

The preferential allotment will alter the company's shareholding structure. Post-allotment, the promoters' holding is expected to decrease from 68.90% to 65.80%, while the non-promoters' holding will increase from 31.10% to 34.20%. Specific investors such as LC Pharos Multi Strategy Fund VCC and Niveshaay Hedgehogs Fund will each hold 1.72% of the equity share capital.

Shareholder Approval and Process

The EGM will be held via video conferencing on July 23, 2026, at 11:00 A.M. IST. Remote e-voting will commence on July 20, 2026, at 9:00 a.m. and conclude on July 22, 2026, at 5:00 p.m. KFin Technologies Limited has been engaged to provide e-voting facilities, and Mr. Vikas Sirohiya, Practicing Company Secretary, has been appointed as the Scrutinizer. The allotment is proposed to be completed within 15 days from the date of shareholder approval, subject to regulatory clearances.