BHAGYANAGAR INDIA LTD. - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Pursuant to the approval of Board Directors dated 25th August, 2023 and shareholders approval dated 27th September, 2023 a slump sale transaction of the copper business from Bhagyanagar India Limited to Bhagyanagar Copper Private Limited, a wholly owned subsidiary has been executed with effect from 1st janauary, 2024 for a consideraton of Rupees 60.05 Crores subject to necessary working capital adjustmet till the closing date which is likely to be 31-03-2024. The Board has considered and taken note of the same.