HEG Ltd Scheme of Arrangement Sanctioned; Effective Sept 1
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. A record date of September 7, 2026, has been fixed for determining shareholders eligible for consideration. 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 equity shares of Bhilwara Energy Ltd. The company also announced several management changes, including appointments and cessations of Key Managerial Personnel, effective from 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 shareholders to receive HEG shares.
- Significant management changes including new CFO and Company Secretary.
- Ravi Jhunjhunwala to continue as Non-Executive Director.
Price Impact
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