HEG Limited has informed the Exchange about General Updates on 'Update on Composite Scheme of Arrangement'.
HEG · price
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Awaiting price reaction for this filing.
HEG Limited has provided an update on its Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited, along with their respective shareholders and creditors, under Sections 230-232 of the Companies Act, 2013. The Board had originally approved this scheme on March 10, 2025, subject to statutory and regulatory approvals. BSE issued its Observation Letter on 8th January 2026 and NSE on 9th January 2026, under Regulation 37 of SEBI (LODR) Regulations 2015. With these observations in hand, the company will now move to file the Scheme with the National Company Law Tribunal (NCLT) for further approval.
This is a positive procedural milestone clearing the way for the next stage of the restructuring scheme. Shareholders should watch for the NCLT filing and subsequent hearing dates, as approval from NCLT will be the key step before the scheme can be implemented.