HEG Ltd: NCLT Sanctions Composite Scheme of Arrangement

HEG Ltd announced that the National Company Law Tribunal (NCLT), Indore Bench, has sanctioned the Composite Scheme of Arrangement. This scheme involves HEG Limited (Demerged/Transferee Company), HEG Graphite Limited (Resulting Company), and Bhilwara Energy Limited (Transferor Company). The sanction is pursuant to Sections 230-232 of the Companies Act, 2013. The scheme will become effective upon the filing of the certified copy of the NCLT order with the Registrar of Companies. The company is awaiting the certified copy of the order.