HEG Limited has informed the Exchange about 'Update on Composite Scheme of Arrangement'.
HEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Smallcap 250 and 0.5 pts less than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HEG Limited has informed the exchanges that the National Company Law Tribunal (NCLT), Indore Bench, has approved its application and directed that meetings be convened for the Composite Scheme of Arrangement. The scheme involves HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited along with their shareholders and creditors. Meetings will be held for equity shareholders, secured creditors, and unsecured creditors of HEG Limited, as well as equity shareholders of Bhilwara Energy Limited. The NCLT order was passed on 26th March 2026, and the details of the meetings will be communicated through a separate notice in due course. This is an important procedural step forward in the scheme, which is being pursued under Sections 230-232 of the Companies Act, 2013.
This is a positive procedural update showing the scheme is moving forward through the regulatory process. Shareholders and creditors of HEG Limited will soon get to vote on the arrangement, which could reshape the company's structure. Watch for the meeting notice and any further details on the scheme terms.