HEG Ltd Scheme of Arrangement Effective Sept 1; Board Approves Appointments
HEG Ltd announced that the National Company Law Tribunal (NCLT), Indore Bench, has sanctioned the Composite Scheme of Arrangement involving HEG Ltd, HEG Graphite Ltd, and Bhilwara Energy Ltd. The scheme will become effective on September 1, 2026. The record date for determining shareholders eligible for consideration is September 7, 2026. Shareholders of HEG Ltd will receive one equity share of HEG Graphite Ltd for every one share held. Additionally, HEG Ltd will issue 8 equity shares for every 7 shares of Bhilwara Energy Ltd as part of the amalgamation. The board also approved several management changes, including appointments and cessations of Key Managerial Personnel and Directors, effective September 1, 2026.
Key Highlights
- NCLT sanctions Composite Scheme of Arrangement for HEG Ltd.
- Scheme effective September 1, 2026; Record date September 7, 2026.
- Shareholders to receive HEG Graphite shares; Bhilwara Energy shares to be amalgamated.
- Significant changes in KMP and Board of Directors approved.
- Focus on continuity of Graphite Business post-arrangement.
Price Impact
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