HEG Limited ("Company") has informed the Exchange about Allotment of Optionally Convertible Debentures (OCD's) by TACC Limited ("Wholly Owned Subsidiary") to the Company.
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HEG Limited has subscribed to Optionally Convertible Debentures (OCDs) issued by its wholly owned subsidiary TACC Limited. The company remitted INR 400 crore (4 crore OCDs at face value of INR 100 each) in the first tranche on January 9, 2026. The OCDs are unlisted, unsecured, and were allotted on a private placement basis. This is part of a Debenture Subscription Agreement between HEG and TACC, originally disclosed on November 10, 2025. TACC's board approved the allotment in its meeting on the same day.
This is an internal capital infusion from HEG into its wholly owned subsidiary, which may support TACC's growth or operational needs. Since the transaction is within the same group, it is unlikely to have a direct material impact on HEG's consolidated financials, though it signals ongoing capital deployment into the subsidiary's business.