Bhagyanagar India Limited issues Corrigendum detailing Ultimate Beneficial Owners for EGM Allottees
Bhagyanagar India Limited has released a corrigendum to its Extraordinary General Meeting (EGM) Notice, originally dated 30.06.2026, which is scheduled for 23.07.2026. The notice amendment addresses the identity of natural persons who are ultimate beneficial owners or control over the proposed allottees and securities mentioned in the original EGM notice.The corrigendum provides detailed information concerning the UBOs of various entities slated to be allotted securities. The details include QIBs, institutional funds, and individual members.
Key information regarding the Ultimate Beneficial Owner (UBO) or controller for each proposed allottee is presented below:
| Proposed Allottee | Type/Fund Name | Identity of Natural Persons who are UBO or control the Allottee |
|---|---|---|
| LC Phares Multi Strategy Fund VCC - LC Phares Multi Strategy Fund SF I | QIB | Tang Kar Wai, Audrey |
| Niveshaay Hedgehogs Fund | Institutional Fund (Scheme of Niveshaay Investment Trust) | Arvind Ashokkumar Kothari |
| IAshika Global Private Limited | Corporate Allottee | Mr. Pawan Jain, Mr. Shashi Jain, Mr. Daulat Jain |
| Mr. Ajay Pancholi | Individual Member | Not Applicable |
| Mr. Ashok Atluri | Individual Member | Not Applicable |
| Mrs. Guiab Shrimal | Individual Member | Not Applicable |
| Mr. Apurva Mahesh Shah | Individual Member | Not Applicable |
The document further noted that Niveshaay Hedgehogs Fund is a Scheme of Niveshaay Investment Trust, which is a Category III Alternate Investment Fund registered under SEBI (AIF) Regulations, 2012. It specified that Mr. Arvind Ashokkumar Kothari serves as a key decision maker of the fund and has been named as the Ultimate Beneficial Owner.
The Corrigendum confirms that save for this specific amendment to Point X of the Explanatory Statement, the original EGM Notice remains unchanged.
BHAGYANGR Stock Price Movement
Bhagyanagar India Limited shares slipped on Tuesday, settling at ₹365.75 after shedding 2.22% from the previous day's closing price. The equity saw significant activity during the session, with a total traded volume of 83,230 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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