HEG Ltd Scheme of Arrangement Effective September 1; Record Date Set

HEG Ltd announced that the National Company Law Tribunal (NCLT), Indore Bench, has sanctioned the Composite Scheme of Arrangement involving HEG Ltd, HEG Graphite Limited, and Bhilwara Energy Limited. The scheme will become effective on September 1, 2026. The record date for determining shareholders eligible for consideration under the scheme has been fixed as September 7, 2026. The scheme involves a demerger of HEG's graphite undertaking into HEG Graphite Limited, with shareholders receiving one share of HEG Graphite for each HEG share. Additionally, Bhilwara Energy Limited will be amalgamated with HEG Ltd, with Bhilwara shareholders receiving 8 HEG shares for every 7 shares held. The company also announced management changes, including appointments and cessations of Key Managerial Personnel (KMP) and directors, effective from September 1, 2026.