Integrated Filing — IndAS



General information about company

Scrip Code 512296
NSE Symbol BHAGYANGR
MSEI Symbol NOTLISTED
ISIN INE458B01036
Name of company BHAGYANAGAR INDIA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 30-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Wind Energy
Start date and time of board meeting 30-01-2026   10:45:00
End date and time of board meeting 30-01-2026   11:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 57,732.41 1,64,329.77
Other income 55.46 417.86
Total income 57,787.87 1,64,747.63
2 Expenses
(a) Cost of materials consumed 58,149.57 1,52,382.38
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (5,710.92) (2,347.55)
(d) Employee benefit expense 476.16 1,199.79
(e) Finance costs 952.65 2,569.94
(f) Depreciation, depletion and amortisation expense 184.75 545.14
(f) Other Expenses
1 Other Expenses 1,959.18 6,096.74
Total other expenses 1,959.18 6,096.74
Total expenses 56,011.39 1,60,446.44
3 Total profit before exceptional items and tax 1,776.48 4,301.19
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,776.48 4,301.19
6 Tax expense
7 Current tax 453.95 1,089.18
8 Deferred tax 38.39 43.47
9 Total tax expenses 492.34 1,132.65
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,284.14 3,168.54
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 1,284.14 3,168.54
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 1,284.14 3,168.54
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1,284.13 3,168.53
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 639.90 639.90
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.01 9.9
Diluted earnings (loss) per share from continuing operations 4.01 9.9
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.01 9.9
Diluted earnings (loss) per share from continuing and discontinued operations 4.01 9.9
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1. The unaudited consolidated financial results for the quarter and nine months ended 31st December, 2025 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company at their respective meetings held on 30th January, 2026. The Statutory Auditors of the Company have carried out the Limited Review of the financial results. 2. The financial results have been prepared in accordance with Indian Accounting Standards (IND AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 and pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3. The financials of M/s. Tieramet Limited, incorporated on 29th August 2025 as a wholly owned subsidiary of the Company, have been consolidated from the date of incorporation for the quarter and nine months ended 31st December 2025. The Company is yet to commence its operations. 4. Bhagyanagar Copper Private Limited , wholly owned subsidiary of the company has achieved an upgrade in its credit rating to BBB+ (Stable) from ACUITE. 5. During the quarter ended 31st December, 2025, the Company has received No Objection letter(s) from BSE Limited and National Stock Exchange of India Limited, conveying their respective “no adverse observation” with regard to the Scheme of Arrangement between Bhagyanagar Copper Private Limited (BCPL or Transferor Company) and Bhagyanagar India Limited (BIL or Transferee Company or Demerged Company) and Tieramet Limited (TIERAMET or Resulting Company) and their respective Shareholders and Creditors under Section 230 to 232 read with Section 66 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013. Subsequently, the Company has filed a Joint Application with the Hon’ble National Company Law Tribunal, Hyderabad Bench (NCLT), inter alia, seeking dispensation of Meetings of its Creditors and seeking directions for convening Meeting of its shareholders in connection with approval of the Scheme. The Application has been allowed. 6. The income tax assessment of the subsidiary company, Bhagyanagar Copper Private Limited, for the assessment year 2021–22 was completed on December 30, 2022, and the Income Tax Department raised a demand of Rs. 6,622.17 lakhs on unreasonable grounds. The company filed an appeal before the Commissioner of Income Tax (Appeals), Hyderabad. Subsequently, the appeal was allowed, and the the tax demand was annulled. Vide order dated 10.11.2025. 7. The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes}. These Codes have been made effective from November 21, 2025. The corresponding supporting rules under these codes are yet to be notified. The Company is in the process of evaluating the full impact of these new labour codes announced. The Company continues to monitor the finalisation of Central/State Rules and Clarifications from the Government on the other aspects of New Labour Code. The Company has estimated and accounted for incremental liability for employees benefit to the extent of Rs INR 60 lacs towards Employe benefits for the nine months ended 31st December 2025. 8. The above results are available on our company’s website i.e., www.bhagyanagarindia.com



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Luharuka & Associates Yes 31-08-2026