HEG Limited has informed the Exchange about Proceedings of the meetings of the unsecured creditors of HEG Limited convened pursuant to the directions of the Hon'ble National Company Law Tribunal, Indore Bench ( Tribunal )
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HEG Limited held an NCLT-convened meeting of unsecured creditors on May 5, 2026, to consider a Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited. The meeting was conducted via video conferencing and lasted about 25 minutes. Unsecured creditors voted on the special resolution for approving the scheme under Sections 230-232 of the Companies Act, 2013. Voting results and the Scrutinizer's Report will be submitted separately. The scheme follows NCLT Indore Bench directions dated March 26, 2026.
This is a significant corporate restructuring involving multiple group entities that could affect the company's structure, asset distribution, and shareholder value. Investors should closely monitor the voting outcomes and final NCLT approval for updates on how this scheme impacts HEG Limited's business operations.