HEG Limited has informed the Exchange about Proceedings of the meetings of the secured 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 a meeting of its secured creditors on May 5, 2026, convened by the Hon'ble National Company Law Tribunal (NCLT), Indore Bench. The meeting was conducted via video conferencing to consider and approve a Composite Scheme of Arrangement involving HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited under Sections 230-232 of the Companies Act, 2013. The meeting concluded at 3:57 PM with voting results and the Scrutinizer's Report to be submitted separately. This appears to be part of an ongoing corporate restructuring process that began with the NCLT order dated March 26, 2026.
The outcome of this creditor meeting is a key milestone in the proposed scheme. Secured creditor approval is necessary for the scheme to proceed to the next stages before final NCLT sanction. Investors should monitor for the voting results and scrutinizer's report for the next directional cue on whether this restructuring will proceed.