Merger5 May 2026, 07:31 pm
HEG Ltd: Secured Creditors Approve Composite Scheme
AI Summary
A meeting of HEG Limited's secured creditors was convened on May 5, 2026, following NCLT directions, to consider and approve a Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The meeting, held via video conferencing, was chaired by Mr. Ritesh Kumar Sharma. Secured creditors were provided remote e-voting and e-voting options during the meeting. The resolution for the approval of the Composite Scheme was transacted, and the results of the e-voting, along with the Scrutinizer's Report, will be submitted separately.
Key Highlights
- Secured creditors of HEG Ltd. met on May 5, 2026, to consider the Composite Scheme.
- The meeting was held via video conferencing as per NCLT order.
- Remote e-voting and e-voting during the meeting were facilitated for creditors.
- Approval for the Composite Scheme was transacted at the meeting.
- Voting results and Scrutinizer's Report will be submitted separately.