Bhagyanagar India Ltd. (BIL) is committed to creating value for all its stakeholders - customers, employees, investors, partners, vendors and the community. At BIL we believe and invest in building long lasting relationships with customers and partners.More info
Bhagyanagar India announced that the Board of Directors of the Company at its meeting held on 12 October 2015, inter alia, has finalised and approved the proposal for demerger of Solar Business to Surana Telecom and Power and Real Estate Business to Bhagyanagar Properties in terms of the Scheme of Arrangement pursuant to the provisions of the Companies Act, 1956 / 2013 (`the Scheme`).
Bhagyanagar India announced that on effectiveness of the scheme of arrangement, the existing shareholders of Bhagyanagar India for every 6 (six) equity shares will continue to hold 3 (three) equity shares of Rs. 2/- each of Bhagyanagar India and will get 4 (four) equity shares of Re. 1/- each of Surana Telecom and Power and 3 (three) equity shares of Rs. 2/- each of Bhagyanagar Properties. As part of the scheme of arrangement, the existing paid up share capital of Bhagyanagar India is proposed to be reduced to 50% of 6,39,90,000 equity shares of Rs. 2/- each (i.e., 3,19,95,000 equity shares of Rs. 2/- each), without affecting overall holding levels of Promoters and Public.
Bhagyanagar India announced that the Board of Directors of the Company at its meeting held on 30 May 2015, inter alia, have recommended the final dividend of Rs 0.3 per equity Share (i.e. 15%) , subject to the approval of the shareholders.
Mrs. Madhumathi Suresh has been appointed as Additional Director (under the category of Independent Woman Director) of the Company w.e.f. 23rd March, 2015. She is a Fellow member of ICAI and Practicing as Chartered Account for past 21 years.