Bhagyanagar India Limited has provided additional explanations to stock exchanges regarding the delayed disclosure of its Managing Director's resignation, acknowledging regulatory non-compliance while outlining corrective measures.

Regulatory Compliance Explanation

The company submitted a letter dated January 9th, 2026, to both the National Stock Exchange of India Limited and BSE Limited, addressing the delayed disclosure of Shri Narender Surana's resignation as Managing Director. The communication referenced an earlier letter dated BIL/SECT/34/2024-25 regarding the resignation disclosure.

Reason for Delayed Disclosure

Bhagyanagar India Limited acknowledged non-compliance with the 24-hour disclosure requirement prescribed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company attributed the delay to an unforeseen minor incident at their facility, which temporarily disrupted operations and delayed the preparation and submission of the required disclosure.

Company's Position and Corrective Actions

The management emphasized that the lapse was inadvertent and unintentional, with no malafide intent involved. The company clarified that the delay was limited to this specific filing, while all other compliance obligations remained under due oversight. To address the situation, Bhagyanagar India Limited has implemented corrective measures designed to prevent recurrence of such delays.

Corporate Structure and Communication

The letter was signed by Devendra Surana, who currently serves as Managing Director with DIN-00077296. The company operates from its registered office at Plot No. 9/13/1 & P-9/14, I.D.A. Nacharam, Hyderabad, Telangana, and maintains ISO-9001-2008 certification as part of the Surana Group.

The company concluded its communication by reaffirming its commitment to timely regulatory compliance and respectfully requested that the stock exchanges take the explanation on record.

Bhagyanagar India Limited , a prominent copper products manufacturer, has reported impressive financial results for the first half of the fiscal year, showcasing substantial growth across key metrics.

Financial Highlights

The company's performance demonstrates significant improvement, with revenue increasing by 37% year-over-year. More notably, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has grown by 179%, indicating enhanced operational efficiency.

Future Outlook

Bhagyanagar India has set a target of achieving a ₹5,000.00 crores turnover within the next 7-8 years. The company plans to reach this goal through:

1. Expansion into value-added products
2. Corporate restructuring initiatives

Corporate Restructuring

As part of its strategic plans, Bhagyanagar India intends to:

• Separate its copper assets into a distinct listed entity
• Complete this restructuring process within the next 12 months

This move is expected to create more focused business units and potentially unlock value for shareholders.

The company's strong financial performance and forward-looking strategies indicate its commitment to growth and value creation in the copper products sector. Investors and market watchers will likely keep a close eye on Bhagyanagar India's progress towards its turnover target and the execution of its corporate restructuring plans.