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 set 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 noted changes in Key Managerial Personnel and board appointments effective from September 1, 2026.