HEG Ltd Scheme of Arrangement Effective Sept 1; Board Approves Changes
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 equity share held. Additionally, HEG Ltd will issue 8 equity shares for every 7 shares held in 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
- Composite Scheme of Arrangement sanctioned by NCLT, effective September 1, 2026.
- Record date set for September 7, 2026, for shareholder consideration.
- Shareholders to receive HEG Graphite shares; HEG to amalgamate Bhilwara Energy.
- Significant management changes approved, including new KMPs and directors.
- The scheme aims to streamline operations and ensure business continuity.
Price Impact
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