HEG Limited has informed the Exchange about Approval for creation of Security in favour of Lender/Security Trustee on behalf of TACC Limited ( Wholly Owned Subsidiary )
HEG · price
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HEG Limited reported standalone revenue of Rs 2,568.50 crore for FY2026, up 19.3% from Rs 2,152.71 crore in FY2025. Standalone PAT grew significantly to Rs 246.40 crore from Rs 147.82 crore (up 66.7%). However, consolidated PAT declined to Rs 115.51 crore from Rs 165.11 crore in the prior year. The Board recommended a final dividend of Rs 3.40 per share. The company also approved creation of security (pledge of 51% equity shares and non-disposal undertaking for 49%) for its wholly-owned subsidiary TACC Limited to secure credit facilities up to Rs 1,239 crore from State Bank of India. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
Strong standalone profit growth is positive for parent company shareholders, but the decline in consolidated PAT raises questions about subsidiary/associate performance. The Rs 1,239 crore guarantee for TACC Limited represents a material contingent liability that increases parent company exposure to subsidiary debt.